Posted on: October 11, 2011
Banks have badly lagged behind the S&P 500 so far this year. Goldman may report in the upcoming days only its second quarterly loss in a decade. JP Morgan is also expected to report a disappointing quarterly performance. But, they still demand their…
Tags: Andrew Gordon, Banks, bonus, bonuses, cbi, efinancial careers, Goldman Sachs, guradian, Insider Fortunes, JP Morgan
Category: Banks | Company News | Top Stories | Wall Street | Wall Street News
Posted on: October 3, 2011
“Never before has the U.S. consumer – the biggest consumer in the world – been this weak for this long. Never,” says Mr. Roach, a Yale University fellow. The numbers support his bleak assessment. In the past 14 quarters consumer growth has amounted to a measly average of 0.2% per year.
Tags: Andrew Gordon, Banks, Globe and Mail, Insider Fortunes, Roach, Speding, US consumer, Yale
Category: Personal Finance | Real Estate | Top Stories | US Economy
Posted on: October 2, 2011
Everybody is trying to tell the US what to do. The International Monetary Fund (IMF) might as well join in. It recently warned America that our large number of underwater mortgages could cause the housing market crash…even further.
Tags: Andrew Gordon, Banks, IMF, Insider Fortunes, International Monetary Fund, the guardian
Category: Real Estate | The Federal Reserve | The Politics of Investing | Top Stories | US Government News | Wall Street | Wall Street News
Posted on: September 28, 2011
The stability watchdog agency for Britain’s financial system says that banks should prioritize giving out loans over building up their capital base.
Tags: Andrew Gordon, Banks, Europe, Insider Fortunes. FPC, obama, White House
Category: Banks | Europe Investing | Top Stories | US Government News | Wall Street News | Washington News
Posted on: September 26, 2011
President Hoover increased taxes in 1932. It was the decisive blow to an economy that began shrinking in 1930. So why did he do it? To help pay off a burgeoning debt. The parallels to today are obvious.
Tags: 1937, Banks, FDR, Hervert Hoover, Inflation, taxes
Category: Banks | Taxes | The Economy | The Federal Reserve | The Politics of Investing | Top Stories
Posted on: September 21, 2011
The Fed made one thing clear today: It’s run out of ammo. They announced the “twist” that aims to narrow the gap between short & long-term bonds. Will it work?
Tags: Banks, Bernanke, borrowing, easy money, interest rates, lending, Operation Twist, The fed
Category: The Federal Reserve | Top Stories | U.S. Investing | US Dollar and Forex | US Economy | US Government News | US Treasury | Wall Street News | Washington News
Posted on: September 12, 2011
You can bet the government is doing one thing to “help” the economy. Devalue the dollar. But it comes with nasty side effects.
Tags: Andrew Gordon, Banks, crisis, currency, deflation, dollar, Inflation, Insider Fortunes
Category: Newsletter
Posted on: June 29, 2011
A Greek default, should it happen, would cause billions of write-offs by European and American banks. Sounds bad but it shouldn’t put those banks in any real danger. The excerpt below makes a good point: Greece is no Lehman. If it weren’t for the ECB’s huge exposure to Greek debt, Greece would
Tags: Australia, Australian banks, Australian economy, Banks, ECB, Greece, Greek debt, Greek default, mining
Category: Asia Investing | Europe Investing | International Markets | Natural Resources | Top Stories
