Today, I am in Las Vegas for the SALT II conference:
I am on a panel discussion about regulation, reform and bailouts with Austan Goolsbee, Advisor to President Obama, and Bill Thomas, Vice Chairman of the Financial Crisis Inquiry Commission.
Should be fun . . . be sure to stop me and say hello if you are anywhere in the area.
I am on an email list that is from a group smart hedgies and strategists. The discussions range far and wide, and while I sometimes disagree with the conclusions, but I always find the conversation provocative. Lately, they’ve been emailing a collection of warnings of various fund managers and strategists: • Long time Dow Theorist…Read More
James Bianco looks at the German action on Naked Shorting . . . The London Stock Exchange – Germany announces short-selling ban-Finance Ministry Germany will ban naked short-selling from midnight in shares of the country’s 10 most important financial institutions, a spokesman for the Finance Ministry said on Tuesday. The spokesman said the ban on…Read More
Category: Think Tank
A quick notes — as I got into Vegas late last night, and have a panel discussion in a few hours: Yesterday’s close took us below the May 6th Flash Crash closing prices. The DJI, S&P 500 and NASDAQ that session’s intraday lows (at 10,241, 1094 and 2228, respectively). Closing below May 6th’s end of…Read More
At least for now, Germany is finding no company in the EU to implement the silly ban on the naked shorting of euro area debt and of naked purchases of CDS on sovereign debt. The nonsense of the rule, among others, is that it only impacts those transactions done on the German market. Foreign branches…Read More
Here in the northeast/midatlantic, we have an automatic toll collection system known as E-Z Pass: E-ZPass® is an electronic toll collection system, which takes cash, coins and toll tickets out of the toll collection process. Instead, drivers establish an account, prepay tolls and attach a small electronic device to their vehicles. Tolls are automatically deducted…Read More
I wrote in quotes on Feb 22nd: on a vaca “I became more confident that corporate America and businesses around the world were well positioned for global economic growth but fearful that governments and central banks will screw it all up. The road to hell is paved with good intentions someone said someday. The gig…Read More