Jess Bachman
Did you know that the 400 richest people in America are wealthier than the bottom 60%? The 1%, you say? More like the 1% of the 1% of the 1% — and you can fit them all on one 747 commercial jet. This video has the details
Category: Video, Wages & Income
My thunderstorm afternoon train reading: • The Uncertainty of Risk (n+1) see also Adaptation (The Reformed Broker) • Jonathan Miller: Home Supply Limited by Americans Lacking Equity to Sell (Bloomberg) • Greenspan’s Market Persists (Alhambra Investment Partners) and How Much of a Dove Is Bernanke, Really? (Businessweek) • Oil Manipulation Inquiry Shows EU’s Hammer After…Read More
Category: Financial Press
Your lunchtime viewing:
Dudley Discusses Taper Decision, Mandates, Yellen
Category: Bailouts, Federal Reserve, Video
Renaissance Macro Research, May 14, 2013 Jeff deGraaf, technician extraordinaire (formerly of Lehman now at Renaissance Macro Research) makes an interesting observation about the heavily overbought markets. Last week, the S&P500 had ~93% of all stocks trading over their 200 day moving average. Normally, this degree of overbought should lead to a correction. As…Read More
Category: Markets, Sentiment, Technical Analysis
My morning reads: • Japan’s mini crash: Blame China(FT Alphaville) see also Dumb money returns to Japan (ft.com) • Extreme Fear (Joe Fahmy) • Bernanke to Congress: I’m Not the Problem. You Are. (The Fiscal Times) see also Wonkbook: Bernanke lashes Congress (Wonkblog) • Why Investors Fail (Motley Fool) • Dudley Says Decision on Taper…Read More
Category: Financial Press
Source: Amazon BP-SC4000 I just ordered this — regularly $100, on sale for $25. Looks pretty cool.
Category: Technology, Weekend
click for updated futures US futures are down following yesterday’s intra-day reversal after the FOMC minutes were released. Nikkei is down 7.3%. Japan’s Topix index tumbled the most since the aftermath of the March 2011 tsunami and nuclear disaster. This follows a 50% rally in the Japanese market on Abenomics. Hong Kong Hang…Read More
Category: Markets
Category: Federal Reserve, Think Tank
Boeing’s 787 Dreamliner is poised to clear another hurdle in restoring its image as United Airlines, the only U.S. operator, resumes flights after the jet’s lithium-ion battery flaws forced a three-month grounding. Adam Johnson reports from the plane on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
Category: Video
Why Is the Fed Bailing Out the World … On Our Dime? We noted even before the TARP bailout law was signed into law that bailout moneys could flow to foreign banks. We were right. A large percentage of the bailouts went to foreign banks (and see this). And so did a huge portion…Read More
Category: Think Tank
