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Keyword: wallstreet

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  • Russian spy cell in New York ... Men tried to crash high-frequency radio messages used for trading

    01/28/2015 7:06:08 AM PST · by Whenifhow · 17 replies
    DAILY MAIL ^ | Jan 27 2015 | Daniel Bates
    Russian spies operating a cell in New York were trying to find ways to cause an economic meltdown, according to court documents. The three men allegedly wanted to ‘destabilise’ high frequency trading systems, which were blamed for the Wall St ‘Flash Crash’ of 2010. snip The FBI began investigating the men in 2010 after ten Russian spies living in the US were arrested, including red-haired femme fatale Anna Chapman. Last night the exposure of the latest spy ring threatened to turn into a diplomatic row as Russia said there was no evidence against the trio. Prosecutors in New York named...
  • What Experts Say about This Past Week--Investment & Finance Thread Jan. 25

    01/25/2015 10:11:11 AM PST · by expat_panama · 107 replies
    Weekly investment & finance thread ^ | Jan. 25, 2015 | Freeper Investors
    Considering the top headlines were about soft footballs this has to have been an easy no-brainer week for investments.  Maybe; here's what he experts are telling us:                     [excerpt from Investors Business Daily At Davos, Hypocrites Tell Rest Of Us To Lower Expectations]Former Vice President Al Gore listens to singer Pharrell Williams... [snip]...talking, of course, about the annual confab at Davos, Switzerland, ...[snip] "The purpose," said former vice president and climate-change entrepreneur Al Gore, standing with hip-hop star Pharrell Williams, "is to have a billion voices with one message, to demand climate action now." OK, so how about you flying commercial,...
  • The United States Is Imploding, On The Eve Of Destruction.

    01/24/2015 6:04:06 AM PST · by alexmark1917 · 45 replies
    The United States is gradually, but unrelentingly, destroying part of itself. The facts to support this are well-documented, told in many ways from past to present. The most egregious example of Americide is our country's treatment of African-Americans. Almost everyone agrees about the evils of slavery, once dismissed simply as a Peculiar Institution. But a debate goes on about reparations, with passionate arguments on both sides, ranging from a demand for a Reparations Superfund for jobs and education, to a claim that blacks actually benefited from slavery because of the years of 'reparations' received through poverty programs. Reparations opponents insist...
  • 50,000 Wall Street jobs cut [There’s blood on the Street]

    01/19/2015 6:15:07 AM PST · by SeekAndFind · 31 replies
    New York Post ^ | 01/19/2015 | By John Aidan Byrne
    There’s blood on the Street. In a wild swing of the ax that has shocked many pundits, Wall Street’s biggest banks have slashed nearly 50,000 jobs, and bonuses and expense money are being cut as profit opportunities dry up. And there’s no easy way out, analysts say, because the Fed’s quantitative easing that once rescued the financial system with trillions of cheap dollars is — at least for now — history. But while some analysts were unnerved by the carnage announced by banks last week during their earnings calls, the warning signs were there before — from lower trading and...
  • Learning to Love Market Chaos --Investment & Finance Thread Jan. 18

    01/18/2015 10:51:35 AM PST · by expat_panama · 70 replies
    Weekly investment & finance thread ^ | Jan. 18, 2015 | Freeper Investors
                          The main reason we try to predict markets is so afterward we can gloat saying we knew it all along.  Easy-peasy -- all we do is predict doom'n'gloom and eventually asset prices will sag.  Sure, most of the time prices go up, things grow and wealth is created, but the only time folks cry WHY!!?? is during the rough times. Then again, the other reason we figure out expected market trends is so we can make money.  That's not that hard either because over time most investments do better than say, cramming...
  • Average US Household Wealth Plunges to Only $656,039!! Details: Jan. 11 Investment & Finance Thread

    01/11/2015 10:06:38 AM PST · by expat_panama · 125 replies
    Weekly investment & finance thread ^ | Jan. 11, 2015 | Freeper Investors
              Average U.S.      Household Wealth             Real Estate $186,702     Durables $44,374     Deposits $81,497     Stocks/Business $422,126     Bonds $27,139     Misc. $7,598       ____________     Total Assets $769,435             Debts -$113,397       _____________     Net Worth $656,039           Something that snuck by me (and most people) last month was the Fed's quarterly Flow of Funds Report --their bigass number-dump that says where all America's money has...
  • U.S. stocks sell off; S&P 500 below 2,000

    01/06/2015 10:53:32 AM PST · by John W · 5 replies
    marketwatch.com ^ | January 6, 2015 | Carla Mozee
    NEW YORK (MarketWatch) — Selling pressure on Wall Street intensified on Tuesday, sending the S&P 500 below the 2,000 level, as slumping oil prices and weaker-than-expected economic reports sent investors running for cover. Tuesday’s selling action comes on the heels of a brutal sell-off on Monday, which saw the closely watched Dow Jones Industrial Average shed 331 points. Investors were scouring for safe industries such as utilities as well as U.S. Treasurys, pushing yields to the lowest levels since the Oct.15 mini-flash crash.
  • Obama Admin Requires Companies to Disclose “Paycheck Inequality”

    01/06/2015 11:54:49 AM PST · by Kaslin · 58 replies
    Townhall.com ^ | January 6, 2015 | Michael Schaus
    Waging class warfare can get pretty tiresome for some Democrats… Which kinda explains why they have decided to make companies wage it on themselves. As part of the regulation requirements in Dodd-Frank, publicly traded companies will soon have to spend millions of dollars, and hundreds of thousands of man-hours, to officially report how rich their CEO is compared to rank and file employees. According to the Washington Free Beacon:The provision is backed by labor unions like the AFL-CIO, which seeks to “shame companies into lowering CEO pay.” The price tag of the regulation is expected to be “substantial,” costing more than...
  • Elizabeth Warren’s surprising compliment: Why comparisons to Ted Cruz are good

    01/05/2015 3:36:13 PM PST · by 2ndDivisionVet · 16 replies
    Salon ^ | January 5, 2015 | Heather Digby Parton
    It's reasonable to recoil when DC gasbags compare Elizabeth Warren to Ted Cruz. But here's its less-obvious upside. In one of the more memorable Senate speeches in recent memory, Senator Elizabeth Warren threw down the gauntlet to Wall Street in words that you don’t often hear in that august body: she named names. Responding Citigroup’s complaints about financial reform, “let me say this to anyone who is listening at Citi[group]. I agree with you Dodd-Frank isn’t perfect. It should have broken you into pieces!” That’s unusual. The millionaires club also known as the Senate is an unlikely place to hear...
  • "January Effect" an omen for 2015? --Investment & Finance Thread - Jan. 4

    01/04/2015 9:26:15 AM PST · by expat_panama · 117 replies
    Weekly investment & finance thread ^ | Jan. 4, 2015 | Freeper Investors
    A good January for stocks promises big gains for the year --or so goes the story goes (from Down January for stocks is bad omen for 2014 - USA Today) "How stocks fare in January often sets the tone for the full year".   A lot of work's been done on this, and TradingSim reports that   When the S&P500 has a net positive gain in the first five trading days of the year, there is about an 86% chance that the stock market will rise for the year, it has worked in 31 out of the last 36 years (as of...
  • Here's What 13 Top Wall Street Pros Are Predicting For Stocks In 2015

    01/03/2015 10:21:26 AM PST · by SeekAndFind · 8 replies
    Business Insider ^ | 01/03/2015 | Myles Udland
    In 2014, Wall Street's stock market forecasts proved too conservative. The S&P 500 closed the year at 2,058, above the year-end forecast of all but one strategist — FundStrat's Tom Lee. For 2015, Wall Street sees stocks gaining some ground, but few strategists are calling for the fourth straight year of double-digit gains from stocks. The average year-end target on the S&P 500 is 2,225 on earnings of $125.35, with the median forecast for the S&P 500 to rise to 2,213 on earnings of $126. Tom Lee is a big bull again, as is Oppenheimer's John Stoltzfus and RBC's Jonathan...
  • US CHAMBER OF COMMERCE THREATENS GOP ON IMMIGRATION, SPENDING

    12/29/2014 8:22:15 AM PST · by Bratch · 39 replies
    Breitbart's Big Government ^ | December 27, 2014 | Dan Riehl
    Not only does the U.S. Chamber of Commerce think it is the only reason the GOP won in November, it is now threatening Republicans with opposition next go round if they don’t lay down and give the Chamber precisely what it wants, including on immigration, increased spending on transportation, and economic deals that sweeten the pot for big business.Naturally, the Wall Street Journal is there to carry the Chamber’s water: The U.S. Chamber of Commerce flexed its muscle in the midterm election, winning 14 of 15 Republican primaries in which it was involved and helping the GOP recapture the Senate. Now it wants...
  • 2015 Predictions; Investment & Finance Thread - Dec. 28

    12/28/2014 8:22:56 AM PST · by expat_panama · 121 replies
    Weekly investment & finance thread ^ | Dec. 28, 2014 | Freeper Investors
                [click to enlarge]         Weird, all our doom'n'gloomers have disappeared!  Usually the pundits are warning about the big upcoming market crash but look at what the latest "expert" predictions are for 2015 stock market returns: Outlook 2015: Year Ahead Reports & Analysis Our 2015 year-end target for the S&P 500 is 2200, putting returns on a more-normal pace of 6%.Barron's Cover Outlook 2015: Stick With the Bull Wall Street’s top strategists expect the S&P 500 to rally 10% Markets  Wall Street bull: Market will rise another 14% in 2015 Add to this the fact that we're still overdue for our longer term...
  • Dow tops 18,000 as market reaches new highs

    12/23/2014 11:55:32 AM PST · by SeekAndFind · 10 replies
    Examiner ^ | 12/23/2014
    Stocks are pushing further into record territory as the Dow Jones industrial average tops 18,000 points for the first time. Traders have been encouraged by signs of strength in the U.S. economy and reassurances that the Federal Reserve won't interest rates soon. There was more encouraging news early Tuesday as the U.S. government reported that the economy powered ahead at a 5 percent annual rate in the third quarter. That was the fastest pace in more than a decade. The Dow Jones industrial average rose 43 points, or 0.2 percent, to 18,003 as of 9:35 a.m. Easter. The Standard &...
  • Hillary Clinton’s Wall Street Allies CRUSH Elizabeth Warren in the First Battle of the Dem Primary

    12/22/2014 2:29:43 AM PST · by 2ndDivisionVet · 12 replies
    The Washington Free Beacon's The Editor's Blog ^ | December 12, 2014 | Andrew Stiles
    Liberals powerless to stop the Clinton-Wall Street gravy train.Despite her best efforts and most passionate gesticulations, Senator Elizabeth Warren (D., Mass.) failed to shut down the government on Thursday, thus proving her political clout is vastly inferior to that of GOP colleague Ted Cruz. Warren had urged House Democrats to block a controversial spending package, which included a provision to roll back a portion of the Dodd-Frank financial reform bill known as the “swaps pushout” rule. Warren, for the record, does not like Wall Street. “It is time for all of us to stand up and fight,” she said on...
  • 2014 Recap --Looking Back; Investment & Finance Thread - Dec. 14

    12/21/2014 8:49:52 AM PST · by expat_panama · 51 replies
    Weekly investment & finance thread ^ | Dec. 21, 2014 | Freeper Investors
    2014 Recap --Looking Back; Investment & Finance Thread - Dec. 14 [click for link to list] Merry Christmas!   We get to open some goodies a few days early here, first with the list of this past year's thread links (left) for a nostalgic walk down Memory Lane while we go over this past market strategies.  Then we can number-plot check out how general markets fared.   Stocks:  Looking over the past year (as of Dec. 19) we're seeing the S&P 500 up 12.0% and the NASDAQ up 14.1% --above average!  OK we've done better but I personally can live w/...
  • Boehner’s Head Fake

    12/18/2014 8:52:30 AM PST · by Oldpuppymax · 15 replies
    Coach is Right ^ | 12/18/14 | Suzanne Eovaldi
    So what did we just see happen in our Republican US House? Did John Boehner just do a head fake or what? His quid pro quo with the Democrats gets him and them amnesty along with a Christmas Wish List for Wall Street. In fact, wasn’t benefiting Wall Street the real lynchpin of the massive Omnibus bill, not executive amnesty? Think about it. Boehner now becomes the Wall-Streeter in Chief, not President Obama, whom the Speaker actually used to pass his legislation! Wasn’t the wished for defeat of executive amnesty just so much political theatre, what with the media screaming...
  • What Elizabeth Warren Missed in Her Big Bank Tirade

    12/16/2014 4:37:46 AM PST · by IBD editorial writer · 16 replies
    Investor's Business Daily ^ | 12/15/2014 | IBD Staff
    Crony Capitalism: Sen. Elizabeth Warren delivered a stemwinder speech last Friday on the need for government to rein in Wall Street influence. But it's big government that created the monster in the first place. Warren, D-Mass., was attacking a "dangerous provision" in the so-called cromnibus spending bill that, she said, stripped a part of Dodd-Frank that big banks, particularly Citigroup, don't like. Her speech had the left slobbering over itself. Michael Tomasky, writing for the Daily Beast, said Warren's "weekend heroics" made her the "most powerful Democrat in America." The Huffington Post ran a column calling it "the speech that...
  • We’re Number Two

    12/14/2014 10:51:14 AM PST · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 12/14/14 | Alan Caruba
    The fact remains that Main Street is in trouble. The nation requires an economy in which new businesses are created and existing ones can afford to expand. That is not happening The U.S. was the world’s number one economy prior to World War II, but it took off bigtime after the war and there has not been a day of my long life in which we were not number one—until now. The International Monetary Fund recently released its calculations regarding the world’s economy and concluded that China is the number one economy, producing $17.6 trillion in terms of goods and...
  • What Oil Shock and Repub. Cave Mean to Stocks and GDP; Investment & Finance Thread - Dec. 14

    12/14/2014 7:43:31 AM PST · by expat_panama · 158 replies
    Weekly investment & finance thread ^ | Dec. 14, 2014 | Freeper Investors
    So while nobody knows the future we still need to know what to expect from the week's two big headlines, even though our view can easily (and will probably) be muddied w/ other factors.  So we deal with an unknown future by checking the historical record for clues on at what the news means to our future investment returns.  What oil bargains do:  namely, what's it doing to the economy and to investments; here's what tanking oil's done in the past (ya gotta LOVE the fed's data site) and how real oil prices (2014$ per barrel) track real GDP-- [click...
  • Is Elizabeth Warren the left’s Ted Cruz? It’s not that simple.

    12/11/2014 1:02:08 PM PST · by 2ndDivisionVet · 16 replies
    The Washington Post's Post Politics ^ | December 11, 2014 | Sean Sullivan
    Have you heard the story of the first-term senator who is a hero to the party base and the subject of intense 2016 speculation -- the one who's willing to buck leaders on big bills, and has even lobbied House members to stand against a funding measure to keep the government running? It's the story of Sen. Ted Cruz (R-Tex.). This week, it's also the story of Sen. Elizabeth Warren (D-Mass.). Warren has emerged as the torchbearer of the liberal resistance on Capitol Hill to a $1.01 trillion bill to fund the government, which is facing the threat of a...
  • This Week --December 11 Budget Decision; Investment & Finance Thread

    12/07/2014 8:02:25 AM PST · by expat_panama · 81 replies
    Weekly investment & finance thread ^ | Dec. 7, 2014 | Freeper Investors
    Soap box time. Even as we speak the hired help in Washington are working out how to deal with the fact that the current budget continuing resolution expires this Thursday.  We got rumors galore on what they're coming up with but let's face it--  this is just not their strong point.  We're in a situation where the hired help is going to need our intensive supervision.  I know it's a lot of work to keep 'em in line but it's what we do.We can google here to find your congress contact info and I found this site good for senators...
  • Obama Sues Companies for Complying with Obamacare

    12/05/2014 9:55:26 AM PST · by Kaslin · 35 replies
    Townhall.com ^ | December 5, 2014 | Michael Schaus
    What’s the easiest way to avoid getting sued by the Obama Administration? Well… If you come up with an answer, let the rest of us know. A company that has supported the President and his Affordable Care Act, is currently being sued by Obama for following the law. (Wait… “Affordable” Care Act? Can we sue Democrats for false advertising yet?)Welcome to Obama’s America. Where you can literally get sued for trying to comply with the law. (Boy… That’ll teach you.)Honeywell International Inc., and two smaller firms, are being sued for taking advantage of a specific provision in the ACA that...
  • Democrats assail Wall Street ties in Obama administration

    12/01/2014 5:00:31 AM PST · by Mozilla · 12 replies
    The Hill ^ | 12/1/14 | Peter Schroeder
    President Obama’s nomination of Antonio Weiss to serve as the Treasury Department’s top domestic finance official is drawing fire from an unusual sector: his fellow Democrats. Liberal lawmakers like Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) have been quick to oppose Weiss, a major investment banker with Lazard. Among their grievances is the fact that Lazard’s work is primarily in international finance and he is nominated for a domestic position. They’re also critical of his role in structuring several tax inversion deals, which have drawn criticism from the president himself. But an underlying thread to the Democratic opposition is...
  • December/year-end Markets; Investment & Finance Thread

    11/30/2014 1:24:35 PM PST · by expat_panama · 99 replies
    Weekly investment & finance thread ^ | Nov. 30, 2014 | Freeper Investors
      Once again we can say we're looking at a great time for investing!  OK, so it means we wince over last Friday's metals prices, but like who does metals anyway dude, like it's soooo 2013 even.   That and the general feeling we get reading stuff like  Gold mining industry mostly ‘under water’ – Gold Fields CEO (h/t Chgogal). Hey, I'm talking stock market year end "window dressing"† January effect --check out the averages over the past 30 years for the Dow, S&P500, and the NASDAQ, they typically go up 3.4%, 3.6% and 4.8% respectively.  On top of that...
  • Investment & Finance Thread November Rally Progress Report

    11/23/2014 12:48:39 PM PST · by expat_panama · 46 replies
    Weekly investment & finance thread ^ | Nov. 23, 2014 | Freeper Investors
    Investment & Finance Thread November Rally Progress Report Great time for investing!   Gold & silver have been recovering for a couple weeks now and a stock index rally is already in it's sixth week.   What's next --can it last?  Pundits (as usual) are covering all sides, so anyone wanting to indulge their confirmation bias need only pick their favorite flavor op-ed: Downside       Upside not de-sided   Falling inflation a worry for Europe but also the world Cramer Remix: Warning about Friday's rally Global Economy Weekahead - Falling inflation a worry for Europe but also the world (h/t Chgogal)...
  • Investment & Finance Week Ending Nov. 16, 2014 --NOTHING HAPPENED!!

    11/16/2014 10:11:33 AM PST · by expat_panama · 43 replies
    Weekly investment & finance thread ^ | Nov. 16, 2014 | Freeper Investors
    Investment & Finance Week Ending Nov. 16, 2014 --NOTHING HAPPENED!! Investor's Business Daily said it well with their headline: "Stocks Wrap Up Do-Nothing Week With More Small Gains".  For both S&P and NASDAQ this week's been tepid gains w/ falling volume   Key question is whether we're looking at a top or not, and that's where analysts cite "quite volume" and "the distribution count remains low" (re "How To Tell An Uptrend In Stocks Is All But Over").  On the other hand (as they used to tell Truman) if we look at where we were a couple weeks into the...
  • How far off is a Detroit style collapse of New York City?

    11/14/2014 8:55:42 AM PST · by Oldpuppymax · 27 replies
    Coach is Right ^ | 11/14/14 | Kevin "Coach" Collins
    In 1950 America’s richest city was Detroit. Now it is nip and tuck with Cleveland as the nation’s poorest city. Today, in order to get into the sixth wealthiest spot on the list, the once wealthy and powerful New York City must be lumped in with Northern New Jersey and Long Island. By comparison Detroit was clearly better off 65 years ago than New York City is today. In 1950 Detroit relied on the auto manufacturing industry to fuel its economy and “See the USA in your Chevrolet” to keep the cars rolling off the assembly line. Sixty five years...
  • Stock Rally Stalls with Republican Win; Investment & Finance Thread Nov. 9, 2014

    11/09/2014 9:53:35 AM PST · by expat_panama · 48 replies
    Weekly investment & finance thread ^ | Nov. 9, 2014 | Freeper Investors
    Stock Rally Stalls with Republican Win; Investment & Finance Thread Nov. 9, 2014 Whoa, the past week was decisive in more ways than one! A week ago we took inventory of then-current trends and considered which scenarios would lead where.  All we knew for sure was that either things would stay their courses or we'd change direction.  What happened is we dumped 'business as usual' --as far as trend-lines went-- and we now got signals pointing at "something new".   That 'something new' might even be a basing/stage prep for a continued price surge (Stock Indexes In Pause Mode, But That...
  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare (Fake Story)

    11/08/2014 9:50:08 AM PST · by Bigun · 14 replies
    Rolling Stone ^ | November 6, 2014 | Matt Taibbi
    Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking By Matt Taibbi | November 6, 2014 "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing. Back in 2006, as a...
  • Investment & Finance Thread Market Rally Progress Report

    11/02/2014 9:30:08 AM PST · by expat_panama · 60 replies
    Weekly investment & finance thread ^ | Nov. 2, 2014 | Freeper Investors
    Investment & Finance Thread Market Rally Progress ReportStocks are up and metals are down.  Details: major stock indexes have been showing a run up for the past three weeks --enough time to look at trading patterns.  The past two uptrends (w/ both the NASDAQ and the S&P500) seemed to come in two parts, a 3-4 week burst followed by a month & a half stalling before the drop off.  OK, so there's no law that says the current run-up has to follow suit but what we know is that for the next week prices within the trendlines are "business...
  • Yamana Gold (AUY) Drops 15% in one day

    10/30/2014 9:49:57 AM PDT · by MeneMeneTekelUpharsin · 20 replies
    Yahoo Finance ^ | 30 October 2014
    Yamana Gold dropped 15% in one day after news of a charge taken for Brazilian operations.
  • How freepers see elections/ebola/deflation/terror affecting investments&economy --Weekly Thread

    10/26/2014 10:48:06 AM PDT · by expat_panama · 80 replies
    Daily investment & finance thread ^ | Oct 26th 2014 | Freeper Investors
    Our investing strategy is the mix of our own personal financial needs plus expected future developments in the economy.  So the buzz (on these threads) is that the biggest up-coming economic/employment changes impacting our investment choices in the next week or two are the midterm elections, Ebola, deflation, and the war on terror.  We'll share our thoughts here on what we expect, and let's rate our expectations in terms of what we've been having up til now on the 'click-to-enlarge' graphs.  On the right margin we got 5-yr stock index performance for a back drop on our own personal expectations. ...
  • Investment & Finance Thread Market Bounce Re-cap

    10/19/2014 11:18:38 AM PDT · by expat_panama · 82 replies
    Weekly investment & finance thread ^ | Oct. 19, 2014 | Freeper Investors
    This past week saw upside reversals across the board coming out with prices holding steady in spite of the hammering we had over the past month or two.  [click pix to enlarge]The October metals rally held on to its gains, in fact market prices show gold's just about clawed back to break-even for 2014.  That's said, metals' role in price trends ahead is become increasingly controversial (re Gold And Silver - Financial World: House Of Cards Built On Sand) even while many see a bright tomorrow with other commodities (We Maintain Our Outlook For Higher Prices For Commodities).  Stocks.  OK,...
  • Ebola, Wall Street stock slide deepen '14 gloom for Dems

    10/17/2014 4:23:12 AM PDT · by maggief · 15 replies
    The Hill ^ | October 17, 2014 | Mike Lillis and Kevin Cirilli
    The Democrats' midterm prospects took a beating this week as concerns over the Ebola virus and a jittery economy churned up countless grim headlines and darkened an already-dissatisfied national mood. Republicans on Capitol Hill, who have long-charged the administration with mismanaging crises, have been quick to pounce on the ebola issue, saying President Obama's team has not been aggressive enough in the face of the threat. Meanwhile, a plummeting stock market has hit the half of the adult population that owns shares directly, or through retirement accounts and other investment vehicles. The stock slide also undercuts the White House’s preferred...
  • Elizabeth Warren: Obama's economic team chose Wall Street over 'families'

    10/13/2014 11:01:04 AM PDT · by TangledUpInBlue · 34 replies
    CNN Money ^ | 10/13/14 | Melanie Hicken
    Senator Elizabeth Warren, always outspoken on the tension between Main Street and Wall Street, took shots Sunday at a system she said is "rigged" against the little guy. In an interview in Salon, Warren, who has said she doesn't plan to seek the 2016 presidential nomination, said fellow Democrats including President Obama have not done enough to help consumers. On President Obama: Warren praised Obama for the creation of the Consumer Financial Protection Bureau, a federal agency aimed at enforcing consumer protection laws. But she told Salon that "there has not been nearly enough change" in the wake of the...
  • Investment & Finance Thread Freepathon Special

    10/11/2014 8:49:26 PM PDT · by expat_panama · 113 replies
    Weekly investment & finance thread ^ | Oct. 11, 2014 | Freeper Investors
    Money.  Investing.  Freerepublic.  Here are the top 10 reasons that us FR investors want to participate in the current FReepathon: 10.   Gold, silver, stock indexes, and bond values are all cr@pping out these days anyway... 9.    The FReerepublic is a proven and solid force for (among other things) sound national fiscal policy; we need that force stronger now more than ever. 8     We benefit from these threads personally.   Equity as a legal doctrine thus requires our compensatory donations. 7.    Economic realism: there's no free lunch. 6.    Market realism: you get what you pay for. 5.    Donations are necessary for continued maintenance/loss reduction of desired FR...
  • I.M.F. Takes Aim at Wall Street’s Pay System

    10/10/2014 8:00:21 AM PDT · by SeekAndFind · 7 replies
    New York Times ^ | 10/10/2014 | WILLIAM D. COHAN
    We don’t like to concede that a primary cause of the financial crisis was a Wall Street compensation system that rewarded executives, bankers and traders for taking big risks with other people’s money without holding them the least bit accountable. And because we don’t like to discuss such things in polite company, it is certainly unsurprising that six years later, not a single fundamental aspect of how Wall Street pays its top people has changed. The incentive system that handed out millions of dollars in bonuses to bankers and traders who packaged shoddy mortgages into securities and sold them as...
  • New Technology has Destroyed the Myth of Peak Oil

    10/06/2014 1:30:37 PM PDT · by Kaslin · 34 replies
    Townhall.com ^ | October 6, 2014 | Thomas Miller
    The Wall Street Journal ran an article recently exploring why the Peak Oil Predictions had not come true. Written by Russell Gold, the Journal’s senior energy reporter based in Austin, Texas, who himself released his first book called “The Boom: How Fracking Ignited the American Energy Revolution and Changed the World”, the article was an excellent walk through the ups and downs of the oil industry going back even to the late 1800’s. For example, did you know that John D. Rockefeller’s partner in Standard Oil, John Archbold, said, “I will drink every gallon (of oil) produced west of the...
  • Investment & Finance Thread TOTAL Market Crash Wrap-up

    10/05/2014 12:26:47 PM PDT · by expat_panama · 64 replies
    Weekly investment & finance thread ^ | Oct. 5, 2014 | Freeper Investors
     Investment & Finance Thread TOTAL Market Crash Wrap-upJeesh!  The bond bubble, just popped (Bond market may be more fragile than you think),stocks'n'metals are in the terlet, all while unemployment plunges below the big 6!   Big deal.  This so-called 'recovery' may be a boom time for all the elites on Main Street but those of us middle class working stiffs on Wall Street know better.   On Friday's gold and silver punched new lows and now weekend trading's putting them clearly into prices from four years ago.   As for stock indexes we got IBD announcing Thursday that stock trends are now...
  • This is the last photo we’ll ever run of the NYSE trading floor

    10/03/2014 7:29:33 PM PDT · by george76 · 12 replies
    Market Watch ^ | Oct 1, 2014 | Jeremy Olshan
    The stock market ditched Wall Street years ago. The masters of the universe, like the Giants and Jets, now scrimmage across the Hudson River in New Jersey—their trading these days done almost entirely by computers piping algorithmic playbooks into a fortress of servers in Mahwah and other competing exchanges nearby. The small squads of human traders who remain on the floor at 11 Wall St., the New York Stock Exchange’s Teddy Roosevelt–era headquarters, are (for the most part) just playing fantasy football. Yet just as the Big Apple’s football teams kept their New York names after wedding themselves to the...
  • American Oil and Gas Needed a Voice

    10/02/2014 11:17:31 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | October 2, 2014 | Thomas Miller
    Hat’s off to my friend, co-host and boss, Chris Faulkner. This past Monday, the Dallas Business Journal announced their 2014 Who’s Who in Energy list. Under the Oil and Gas tab, it read the following: James L. Poston, Aruba PetroleumT. Boone Pickens, BP Capital Chris Faulkner, Breitling Energy I have to admit, I was pretty proud when I read that Monday afternoon. I’ve been working with Chris on radio programs since December of 2013, and immediately I became aware of his incredibly sharp, witty and fast-thinking mind. These days, he and I may do up to 7 hours of oil...
  • American Oil and Gas Needed a Voice

    10/02/2014 10:15:13 AM PDT · by Kaslin
    Hat’s off to my friend, co-host and boss, Chris Faulkner. This past Monday, the Dallas Business Journal announced their 2014 Who’s Who in Energy list. Under the Oil and Gas tab, it read the following: James L. Poston, Aruba PetroleumT. Boone Pickens, BP Capital Chris Faulkner, Breitling Energy I have to admit, I was pretty proud when I read that Monday afternoon. I’ve been working with Chris on radio programs since December of 2013, and immediately I became aware of his incredibly sharp, witty and fast-thinking mind. These days, he and I may do up to 7 hours of oil...
  • Investment & Finance End of 2014 Q3 into Q4 Thread Edition

    09/28/2014 10:13:30 AM PDT · by expat_panama · 92 replies
    Weekly investment & finance thread ^ | Sept. 26, 2014 | Freeper Investors
    Investment & Finance End of 2014 Q3 into Q4 Thread Edition Comodities Stock Indexes    now   3 Mo. Chg.   Annualized return     now   3 Mo. Chg.   Annualized return  gold $1,220.26 -7.2% -25.9% S&P500 1,982.85 1.2% 4.7% silver $17.71 -16.2% -50.7% DJIA 17,113.15 1.7% 7.0% oil $512.66 -6.2% -22.6% NASDAQ 4,512.19 2.4% 9.8% U.S. $ $85.62 6.7% 29.8% Rus2k 1,119.33 -6.2% -22.5%  Here's what happened with the third quarter investments:  Looks like the dollar soared (so much for Fed printer devaluations), metals tanked (so much for safe havens), and while big cap. stocks have done best this past quarter the current...
  • What Jack Ma Can Re-Teach America

    09/23/2014 7:09:28 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | September 23, 2014 | Cal Thomas
    In the fairy tale "Ali Baba and the Forty Thieves," Ali Baba, a poor woodcutter, is in the forest when he hears a group of robbers approaching on horseback. Afraid, he climbs a tree and hears one of the men say, "open sesame." A door opens in a rock and the men go in, the door shutting behind them when another says, "close sesame." When they leave, Ali Baba climbs down and approaches the rock. He says, "open sesame" and it opens for him. Inside he discovers jewels and gold, which he takes, becoming rich himself. Jack Ma is the...
  • Investment & Finance Week in Review (Thread -Sept. 21 edition)

    09/21/2014 11:32:29 AM PDT · by expat_panama · 72 replies
    Weekly investment & finance thread ^ | Sept. 21, 2014 | Freeper Investors
    Investment & Finance Week in Review (Thread -Sept. 21 edition)Prices finally picked a direction and went for it  --topping a super week w/ metals collapsing, an FOMC meeting, Scottish Vote not to do anything, new IRS rules, stocks leaping, and the Alibaba IPO hype,  --and in the lull before the end of Q3 and beginning a new earnings season.  One thing at a time; metals finally broke in to newer lower levels as support folded,    ...and stock traders made up their minds deciding to respect the 50-day moving average support and rebound prices into what IBD calls "market in...
  • Alibaba: The ChiCom Dream?

    09/20/2014 9:42:47 PM PDT · by 2ndDivisionVet · 32 replies
    The Excellence in Broadcasting Network ^ | September 19, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: I got people... People who know that I am a tech aficionado are asking me, "Rush, what's Alibaba, and do I need to be concerned about it?" Alibaba is the Chinese, the ChiCom Amazon, and it is going through its IPO today. It just became the world's largest Internet business and close to the world's largest business, period. It's gonna end up being even bigger than Walmart today. Jack Ma, you can see him. Drudge features a couple of pictures of Jack Ma. He founded Alibaba on the front page of the Drudge Report, Yahoo owns 23%...
  • Rupert Murdoch: Scottish Vote Is Just a Symptom of Global ‘Anti-establishment Groundswell’

    09/18/2014 4:17:16 PM PDT · by SkyPilot · 51 replies
    National Review ^ | 18 Sep 14 | Brendan Bordelon
    On the eve of the vote for Scottish independence, Australian media mogul Rupert Murdoch explained that the election is merely a symptom of an ”anti-establishment groundswell” sweeping through the Western world. On Friday Murdoch spoke about the impending vote with Fox News’s Neil Cavuto. “I think there’s meaning in this, and I think it goes beyond Scotland,” he said via phone. “There’s a great anti-establishment groundswell which is seen in this vote in Scotland. You’re seeing it here in Britain in the anti-European party, whose one single issue is to get out of Europe. And I think you’re seeing it...
  • Capital Market Update; Investment & Finance Thread (Sept. 14 edition)

    09/14/2014 12:55:21 PM PDT · by expat_panama · 74 replies
    Weekly investment & finance thread ^ | Sept. 14, 2014 | Freeper Investors
    Capital Market Update; Investment & Finance Thread (Sept. 14 edition) In a phrase it looks like everything's beginning to bust loose for stocks, metals, bonds --something here for everyone!   Stocks chalked up another distribution day last Friday as the S&P nudges toward the famous 10-week moving aveage that serves as a floor in the good times and a ceiling in the bad.  Traders are also noticing that over the past week or two up volume was slight while down volume was strong.  Like maybe some kind of consensus or something, at least for the short term.  Remember however...
  • States by Economics and Voting (Investment & Finance Thread)

    09/07/2014 12:50:08 PM PDT · by expat_panama · 70 replies
    Weekly investment & finance thread ^ | Sept. 7, 2014 | Freeper Investors
    Day before yesterday we were checking out this BEA map of the U.S. that was colored/labled by GDP and it got us on to the redstate/bluestate divide.   Naturally (as expected) small gov't low tax policies generally flowed with growing economies but what snagged us were the anomalies --Alaska did so poorly yet West Virginia soared.   Seems we can overcome that by ourselves and get all the state numbers for GDP from the BEA along w/ employment states by state from the BLS --and then toss them into online mapping websites (I used iMapBuilder Online). Got to just love this info...