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Recently, Barack Obama has refrained from mentioning Dodd-Frank as one of his big accomplishments as President. That's fortunate, because had Obama used that as a campaign claim this month, the huge loss taken by JP Morgan and one-time Obama ally Jamie Dimon would have done serious damage. As it is, Politico wonders whether Obama might have a big problem convincing voters that he's done anything significant to address the underlying issues that created the 2008 financial-system collapse: The giant $2 billion trading loss at JPMorgan Chase highlights a central problem in President Barack ObamaÂ’s case for a second term: Four...
Published on Thursday 17th of May 2012 08:04:23 AM
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Concerns grow about a global economic slowdown and a restructuring of the European Monetary Union Gold and silver started off the week by heading downward amid growing perceptions of a global economic slowdown and restructuring of the European Monetary Union (EMU).
Published on Thursday 17th of May 2012 08:04:23 AM
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Do you ever get the feeling that Rush and Hannity don't really care who wins, just as long as their dollars keep rolling in from us tea party saps. Besides Mark Levin, what prominent talker has gone out on a limb and endorsed true conservative candidates? Everyday we have to here Hannity interview the John McCains of the world. If he truly believed in the conservative movement, wouldn't he be out there trumpeting Richard Mourdock and Don Stenberg like Levin is? As for Rush, he is more interested in commercializing the tea party movement with his "Two if by tea"...
Published on Thursday 17th of May 2012 08:04:23 AM
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NEW YORK (CNNMoney) -- U.S. stocks fell 1% Monday as investors grew concerned about European political uncertainty and another sign of a slowdown in the Chinese economy. France's prime minister Nicolas Sarkozy came in second place in the first round of presidential elections Sunday, and on Monday, Dutch Prime Minister Mark Rutte resigned. That combined with a slowdown in China's manufacturing was enough to unnerve investors at the start of what will be a busy week on the economic and earnings front. "The events over the weekend re-ignited concerns that the European community is going to have trouble working out...
Published on Thursday 17th of May 2012 08:04:23 AM
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The problem is that earnings growth has ground almost to a halt — profits for companies in the S.& P. 500 are expected to grow just 1 percent in the first quarter and 2 percent in the second. That means that the only real hope for additional stock market gains this year is expansion in the P/E ratio, which may be bumping up against a ceiling. “We already got a year’s worth of returns in just three months,” says Mark D. Luschini, chief investment strategist at Janney Montgomery Scott, referring to the first-quarter gain of 13 percent in the S.&...
Published on Thursday 17th of May 2012 08:04:23 AM
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NEW YORK (CNNMoney) -- The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved. The settlement, agreed to by the nation's five largest mortgage lenders, is expected to speed up the foreclosure process by providing stricter guidelines for the banks to follow when repossessing homes. The banks involved include Bank of America (BAC, Fortune 500), JPMorgan Chase (JPM, Fortune 500), Citibank (C, Fortune 500), Wells Fargo (WFC, Fortune 500) and Ally Financial. Many foreclosures have been in limbo since fall 2010 following the so-called robo-signing scandal, when...
Published on Thursday 17th of May 2012 08:04:23 AM
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Just when you thought unemployment was dropping and stock markets were surging back, these three analysts today sent out a stark warning to Americans to brace for another financial crash. Trend forecaster Gerald Celente advises buying a gun to protect your family, stocking up on gold if the dollar crashes and planning a getaway, so it’s no shock he’s preparing for an ‘economic 9/11’. Share prices and unemployment are posting their best figures in four years since the recession hit, but Mr Celente, along with authors Harry Dent and Robert Prechter, says the rebound won’t last.
Published on Thursday 17th of May 2012 08:04:23 AM
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The House yesterday passed a new "reform" measure aimed at curtailing the practice of trading on securities with inside information amongst members of Congress and their staff. Suprise! Some members of Congress were arriving in Congress and becoming rich on the experience. Ever wonder how people go to Congress and become millionaires? The publication last year of a new academic report cleared up for us at least one way the millionaires' club known as Congress benefits.A report from four scholars, Alan J Ziobrowski; James W Boyd, Ping Cheng; and Brigitte J. Ziobrowski, titled Abnormal Returns From the Common Stock Investments...
Published on Thursday 17th of May 2012 08:04:23 AM
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In terms of sheer numbers, the Type 98 of the People's Republic of China, Pakistan's Al-Khalid, and the Russian Federation's T-90 (including India's licensed T‑90S) will continue to dominate the market, accounting for 54.73 percent of all new tanks rolling out worldwide, worth 43.79 percent of the market, through 2021.
Published on Thursday 17th of May 2012 08:04:23 AM
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China's move this week to keep its economy afloat isn't generating the big headlines that Europe's actions got, but is no less important in keeping the world's economic engine churning. While coordinated action by the world's other central banks to enhance liquidity for Europe's banks stole the focus Wednesday, China's decision to cut reserve requirements for banks was even more important, some believe. That's because the developed world has come to depend on China for a variety of reasons — from buying up American debt to providing loans to growing businesses to keeping its mighty manufacturing base growing. Easing the...
Published on Thursday 17th of May 2012 08:04:23 AM
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