All that needs to happen is for the police to lose the rule: “Don’t bite the hand that feeds you”, and walk right through the blue wall of silence. “That’s all Folks!”
Well, we got it. Now banks that were “too big to fail” are even bigger than “too big to fail.” The banks get to keep the dollars, and we get to keep the change.
Now all we’re left with “hope,” which as we all know in trading & investing, is a four-letter word.
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
October 6th, 2009 at 5:37 pm
Exactly. We need some financial cops that bite.
October 6th, 2009 at 8:04 pm
All that needs to happen is for the police to lose the rule: “Don’t bite the hand that feeds you”, and walk right through the blue wall of silence. “That’s all Folks!”
October 6th, 2009 at 9:15 pm
Change you can believe in.
October 7th, 2009 at 12:34 am
Echoes from long ago (FDR):
“In politics, nothing happens by accident. If it happens, you can bet it was planned that way. ”
ipso facto…….
October 7th, 2009 at 1:53 pm
We were promised change.
Well, we got it. Now banks that were “too big to fail” are even bigger than “too big to fail.” The banks get to keep the dollars, and we get to keep the change.
Now all we’re left with “hope,” which as we all know in trading & investing, is a four-letter word.