5
POPSArod still a Yankee!! Wow. Sometimes in life things have a crazy way of playing themselves out. After all this craziness, Arod will now be a hero to yankee fans. I can tell you this much...i totally ripped on him when he opted out...now i'm saying "welcome back!!"
4
POPSBye, Bye Business School, Bye Bye MBA! Mr. Hammond of Alerian noticed the same trend while he was an analyst at Goldman Sachs. His co-workers who went to business school either wanted to change careers, or they were not doing well in their current jobs, he says. If he were looking at someone who went to Harvard Business School after the two-year analyst program at Goldman, “I’d be suspicious,” he says. “I’d be saying, ‘What was it you were doing wrong that you couldn’t get a promotion at Goldman or did not pursue an opportunity with a private equity or hedge fund?’ ” Mr. Hammond of the Alerian hedge fund recently hired someone from Carnegie Mellon’s business school because of that person’s engineering talent, not the skills he learned in business school. While Mr. Hammond says he understands why his new employee went to business school to move into finance, he would look less favorably on someone in an M.B.A. program who had left finance to go to business school.
4
POPS Analyst Warns of $200/Barrel Oil* *One barrel of crude oil is 42 gallons (or $4.76 per gallon) In the Cato-at-Liberty blog post "Is There an Oil Price Bubble?" Cato senior fellow Jerry Taylor writes: "The most recent Fed actions to combat the deteriorating state of the macroeconomy added even more fuel to the oil price fire. With market actors increasingly convinced that the Fed is willing to entertain inflation in the course of injecting liquidity into the market, investors are looking for investments to hedge against inflation. And what do you know? Returns on commodities have historically been better during inflationary periods than during non-inflationary periods. Ben Bernanke thus sent another strong infusion of cash into commodity futures -- again, largely into oil and gas futures.
4
POPS Banks Hoard Oil In Storage Tanks Morgan Stanley and Deutsche bank recently bought the rights to 36m barrels of oil between 2007 and 2010 direct from a North Sea oilfield. Source: Speculators hijack oil market http://business.timesonline.co.uk/tol/business/article481363.ece Here's the FYI on oil hoarding by banks during the last contango: Storing oil became big business. Tank owners and companies that leased storage, including Wall Street giants such as Morgan Stanley, turned sizeable profits simply by sitting on tanks of oil. They would buy oil for immediate delivery and stick it in their storage tanks, then sell contracts for future delivery at a higher price. When delivery dates neared, they closed out existing contracts and sold new ones for future delivery of the same oil. The oil never budged. The maneuver was known as the oil-storage trade.
3
POPSTop Contributors to Barack Obama Goldman Sachs and Morgan Stanley are the biggest players in the Oil Futures market price manipulation also notice UBS of Germany who started the Sub Prime crisis... Oh yeah Real Change we can believe in you betchya..!
3
POPSOne Big Dark Pool To Rule Them All Public stock exchanges could lose business as a result. Dark pools now account for 10% of equities trading in the U.S., and 20% of all trades in NYSE-listed stocks.
2
POPSPaulson Was Against Cumbersome Regulations
Now he's trying to defuse the crisis deregulation has caused... (excerpt) Today, (Paulson's) Goldman stands alone as the only bank that has yet to take huge write-downs in the credit crisis. However, IT was an INTEGRAL PART OF A MONEY-HUNGRY WALL ST. CULTURE that helped build, oil and maintain the securitization and SPIN-OFFS, underlying the current mortgage-fueled problems. The financial crisis has swirled around the White House in more violent waves. But each sign of economic trouble brought assurances from regulators, Mr. Paulson and others in the Bush adm. that the housing sector was experiencing a “CORRECTION” or a “REPRICING OF RISK” (ROVE-NEWSPEAK) that would work its way through the system without throwing the economy into a steep downturn. Each assurance soon ran aground as more bad economic news poured in. (MOTHER OF ALL SELF-RIGHTEOUS QUOTES) "the real problem facing Wall Street was a welter of cumbersome regulations" - Henry Paulson (Yew recon HE LEARNED SOMEthang)
2
POPSClipHistory: Oil price prediction (July 2005) One of the first clips from egoldstein with two predictions on the future price of oil from July of 2005. Oil was just around $60 a barrel. Ah the good old days. An interesting clip back then and today!
2
POPSMoney Interests Buying 2008 Elections Note Romney and McCain won the Michigan primary. Ironically, the same Money Interests financing elections of "establishment" candidates are the same banks and investment firms now in trouble financially.
2
POPSGoldman Cuts View On 5 Top U.S. Investment Banks Tanona recommends a trade in which investors buy Morgan Stanley shares and sell Citigroup shares short. He says Morgan Stanley is one of the brokers best positioned for a market turnaround, while Citigroup will remain heavily exposed to mortgages and consumer credit issues.
1
POPSSurge for the Dollar Despite Global Fears The dollar surged to a two-year high against the pound and a six-month peak against the euro on Friday, as fears about spreading economic gloom triggered a sell-off in commodities. Against sterling, the US currency notched up its 11th consecutive day of gains – its longest uninterrupted rise in more than 35 years – as markets became increasingly convinced that the US was best-placed to weather the global downturn. The Reuters-Jefferies CRB index, a benchmark for commodities, fell more than 2.5 per cent to its lowest level since late March. The index has fallen almost 20 per cent since an all-time high in July, but is still 22 per cent higher than a year ago.
4
Pops
Newest Clips
Latest Comments
Most Pops
Print
Save
Turn on live update