My afternoon train reads:
• Cyprus crisis will soon blow over (MarketWatch) but see also Cyprus banks shut until Thursday (FT.com)
• Levin Committee report makes fraud case for JPMorgan shareholders (Thomson Reuters)
• OECD Enables Companies to Avoid $100 Billion in Taxes (Bloomberg)
• Solar Energy is Trapped in a Silicon Valley (Barron’s)
• China hacker’s angst opens a window onto cyber-espionage (Los Angeles)
• Republicans Foil What Majority Wants by Gerrymandering (Bloomberg)
• America’s Latest Phony Fiscal Crisis (Bloomberg) see also The Sequester Is Proof that Washington Thinks We Are All Idiots (The Daily Beast)
• Bringing Them Back to Life (National Geographic)
• Sarah Silverman, Ben Stiller, Michael Cera, And The Rebels Saving Hollywood (Fast Company)
• GOP Issues Scathing Self-Analysis (WSJ) see also Ten ways Republicans say they went wrong in 2012 (Yahoo)
What are you reading?
US non-financial cash pile finished 2012 at $1.45 trillion
Source: FT Alphaville
Category: Financial Press
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
No one is more critical then a recovering XXX: Recovering drinker, Recovering Catholic, recovering Republican . . .
as for JPMorgan shareholder fraud case
thats the ony way further action may happen
talking heads say the white house is ducking and completely running away from this issue
so assume their regulator minions do the same
as for JPMorgan shareholder fraud case
thats the ony way further action may happen
talking heads say the white house is ducking and completely running away from this issue
so assume their regulator minions do the same
Is anybody else noticing that the actual news article headlines in the major publications now read like Zero Hedge?
BTW – on the very first item on the Republican to do list, I believe they have enlisted the assistance of Sherriff Joe Arpaio in conducting outreach to the Hispanic community between the election cycles.
Cyprus brings me back to the Michigan bank failures of 1933 and the final death rattle of finance capitalism……to FDR said “enough” the following month.
Should have let it go through. Another 15-20% contraction of GDP would have put labor in a far better bargaining position for the next 1000 years.
SIMAGA?
http://seekingalpha.com/article/1266961-sell-in-may-and-go-away-might-come-early-this-year
SPX at triple top +/- and end-of-month/quarter.
Or is SPX 1700 a possibility?
The National Association of Home Builders/Wells Fargo index of ‘Builder Confidence’ “unexpectedly” fell for the third month in a row, down another 2, to 44 (anything below 50 is considered negative sentiment in regards to the housing market). “Tight credit and below-price appraisals were cited.
They say one month is not a trend, how about three ?
Also, New York, New Jersey, Florida, and Nevada are among 16 states that reported an increase in foreclosure starts in February, according to RealtyTrac Inc.
…while our modern societies are more complex than those of the medieval agrarian world, we can nevertheless understand our world in terms of the four main castes: warrior, merchant, sage, and worker.
http://chronicle.com/article/article-content/137881/
New press regulation in the UK put through without any press input. Would that they would do this to banks.
http://www.guardian.co.uk/media/2013/mar/18/press-regulation-newspapers-furious-deal
despite denials, the new regulations could affect bloggers and other online sites. Maybe BR could be sued in London for his blasphemies against Jamie Dimon.
Why oil discoveries cannot keep up with exploitation: arithmetic.
http://oilprice.com/Energy/Crude-Oil/Why-New-Oil-Discoveries-wont-Make-a-Difference-to-our-Energy-Future.html
Global warming means higher storm surges – maybe.
http://arstechnica.com/science/2013/03/a-warmer-planet-means-bigger-hurricane-surges/
Flying car territory: Phasers on stun!
http://www.wired.com/wiredscience/2013/03/sound-lasers-phasers/
“Well, I am not wild about the name “Blue Brain,” but it does feel good to have my circuits energized. And, oh, I DO like Switzerland.”
HAL
2001: A Space Odyssey
http://www.nytimes.com/2013/03/19/science/bringing-a-virtual-brain-to-life.html?hpw
Both Meredith Whitney and Mila Kunis are highly bullish on equities: http://blogs.marketwatch.com/thetell/2013/03/18/meredith-whitney-tells-cnbc-she-has-never-been-this-bullish/
Clearly time to sell everything and prepare for a major bear market.