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Keyword: finance

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  • Citi: The Fiscal Cliff Is 'SO RIDICULOUSLY LARGE'

    05/01/2012 5:43:13 AM PDT · by blam · 67 replies
    TBI ^ | 5-1-2012 | Joe Weisenthal
    Citi: The Fiscal Cliff Is 'SO RIDICULOUSLY LARGE' Joe Weisenthal May 1, 2012A quick paragraph from Citi's Steven Wieting which we found amusing, the gist of which is basically: The fiscal cliff coming in 2012 is so big, it's good, because it will have to get fixed.The size of the so-called fiscal cliff at year end, which would unwind a decade’s worth of tax cuts and temporary income supports, is so “ridiculously” large relative to near- term growth prospects that markets may take some comfort in its scale. As Fed Chairman Bernanke warned Congress, the Fed would have “no chance”...
  • 22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets

    04/29/2012 7:42:56 AM PDT · by SeekAndFind · 16 replies
    The Economic Collapse ^ | 04/27/2012 | Michael Snyder
    If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012. Right now, red flags are popping up all over the place. Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone could actually break up and there are signs of trouble at major banks all over the planet. Unfortunately, it looks like the period of relative stability that global financial markets have been enjoying is about to come to an end. A whole host of...
  • Gallup: U.S. Financial Comfort Falls to New Low (39% do not have enough money to live comfortably)

    04/27/2012 6:29:38 AM PDT · by SeekAndFind · 18 replies
    Gallup ^ | 04/27/2012 | Lydia Saad
    PRINCETON, NJ -- Americans' financial comfort is the lowest Gallup has measured to date, with 60% saying they currently have enough money to live comfortably and 39% saying they do not. Americans' peace of mind with their finances was fairly stable at a high level from the first asking of the question in 2002 through 2007, but has since faltered. These results are from Gallup's annual Economy and Personal Finance poll, conducted each April. The 2012 survey was conducted April 9-12. Americans' sense of their personal financial comfort is directly related to how much college education they have, with the...
  • Mike Krieger Explains Central Planning for Dummies

    04/05/2012 5:06:15 PM PDT · by Errant · 3 replies
    Zero Hedge ^ | April 5, 2012 | Mike Krieger
    For several years now I have been sounding the alarm that if you want to be engaged in the financial markets you need to assume that markets are being managed (rigged) more aggressively than at any moment in any of our lives. The Bernank and others on Wall Street and the District of Criminals understand that the situation is pretty much hopeless.
  • From the Harper Conservatives, a budget that dials back the role of government

    03/30/2012 4:36:13 AM PDT · by Former Proud Canadian · 11 replies
    The Globe and Mail ^ | March 39, 2012 | bill curry AND jeremy torobin
    With his first majority budget, Stephen Harper has laid bare his vision for the future Canada: Government will be smaller and less intrusive, individuals will take more responsibility for their own retirement and business will return to driving the economy. The 2012 budget is a showcase for Mr. Harper’s hands-off political approach, one that combines sweeping spending cuts to the public service with a handful of targeted policy changes geared to drive future investment.
  • I need help understanding Campaign Finance Laws.

    02/21/2012 4:56:31 PM PST · by johnsmom · 25 replies
    John's Mom
    "Obama for America can accept contributions from an individual of up to $2,500 per federal election (the primary and general are separate elections). " How is it, then, that Vince Carter can host 40 people at his home for a $30k per plate dinner to ' support the Barack Obama Victory Fund"? That's $1.2 mil. What allows him to donate one sum and I am legally bound in the limits of what I can give? Is this 'bundling' and, if not, what is it and what's the difference, please?
  • Obama finance chief funded Media Matters, President deeply tied to anti-Fox News group's top donors

    02/20/2012 3:53:22 PM PST · by Nachum · 10 replies
    wnd ^ | 2/20/12 | Aaron Klein
    President Obama served eight years on the board of a charity that is a top donor to the embattled Media Matters for America progressive activist organization. Obama is also tied to numerous other top Media Matters donors and fundraisers, including a foundation run by the finance chairman of his 2008 presidential campaign, Penny Pritzker, WND has learned. Last week, the Daily Caller released a list of grants to Media Matters. A WND review of the donor list found a number of deep ties to Obama. Get Aaron Klein’s “Red Army: The Radical Network that must be defeated to save America”...
  • Obama Perverts Ex-Im Bank into Competitor for Domestic Banks

    02/18/2012 5:47:55 PM PST · by jfd1776 · 4 replies
    American Thinker ^ | Feb 18, 2012 A.D. | John F. Di Leo
    Acting without any legal authority, President Obama has overridden the federal charter of the Export-Import Bank, and turned it into a competitor for domestic loan business, in utter defiance of the law. Hardly anyone has noticed or seems to care. Speaking at a Boeing assembly plant in Everett, Washington Friday, President Barack Obama announced a bold new plan to help American exporters: he would broaden the services of the Ex-Im Bank to help grow our exports. Now, that sounds good on the face of it. The Ex-Im Bank is chartered as an export-funding source with a very narrow, specific charter....
  • The Silent Victims of the U.S.-China Currency War

    02/14/2012 11:04:06 AM PST · by Razzz42 · 2 replies
    usnews.com ^ | February 13, 2012 | Jim Rickards
    Xi Jinping, likely to be China's next president, visits President Obama in the White House this week. This visit ensures that the ongoing currency war between the United States and China will be on the list of things that Obama and Xi discuss along with the looming war with Iran, the North Korean succession, and other geopolitical issues. Currency wars arise when a country steals growth from trading partners by cheapening its currency to promote exports. The new currency war began in 2010 when President Obama declared in his State of the Union address that it was the policy of...
  • Essential Investor Preparations For The Big Crisis

    02/04/2012 10:44:15 AM PST · by blam · 26 replies
    The Market Oracle ^ | 2-3-2012 | DeepCaster LLC
    Essential Investor Preparations For The Big Crisis Stock-Markets / Financial Markets 2012 Feb 03, 2012 - 10:12 AM By: DeepCaster LLC “The U.S. economic and systemic-solvency crises of the last five years continue to deteriorate. Yet they remain just the precursors to the coming Great Collapse: a hyperinflationary great depression. The unfolding circumstance will encompass a complete loss in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system, as we know it; and a likely realignment of the U.S. political environment. Outside timing...
  • Read Between The Lines: Hollywood Mogul Buys 2,600 Acres Of Farmland; Moving To New Zealand

    02/01/2012 8:54:40 PM PST · by blam · 72 replies · 1+ views
    SHTF Plan ^ | Mac Slavo
    Read Between The Lines: Hollywood Mogul Buys 2,600 Acres Of Farmland; Moving To New Zealand Mac Slavo February 1st, 2012 James Cameron, the Hollywood producer responsible for blockbuster films like Terminator, Titanic and Avatar, is reportedly preparing to exit stage left. While the move for the Canadian born Cameron may initially be perceived as a rejection or denouncement of American policies and ideals, Cameron, who has made campaign donations to the Democrat Party in the past, most notably during the 2004 Presidential election where he supported democrat John Kerry, may have ulterior motivations, as evidenced by where he’s planning on...
  • Citigroup sued for fraud over $1 billion of CDOs

    01/25/2012 11:59:09 PM PST · by Razzz42 · 4 replies
    uk.reuters.com ^ | Tue Jan 24, 2012 | By Karen Freifeld
    Citigroup Inc (C.N) was sued for fraud by Loreley Financing over nearly $1 billion worth of collateralized debt obligations purchased in 2006 and 2007. Citigroup is accused of defrauding Loreley into purchasing "fraudulent investments that are now worthless," Loreley said in a complaint filed Tuesday in New York State Supreme Court in Manhattan...
  • Little Angels...

    01/25/2012 9:33:47 PM PST · by Razzz42 · 11 replies
    hypertiger.blogspot.com ^ | December 25, 2011 | Hypertiger
    The FED is just a scapegoat the top uses. When the top can't suck anymore yield from the bottom to keep the system from collapsing due to the inability or refusal of the bottom to supply it...Then they say...it was the FED's fault. And you believe it. I hear them on TV and radio all the time saying that...The politicians in Europe better get their act together and do something... Like what? Pass a rule making it illegal for the Universe to function how it does? There never was anything that could be done to avoid the logical conclusion...Other than...
  • PETER ORSZAG: The US Is Facing A Perfect Storm Early Next Year

    01/24/2012 10:34:25 AM PST · by blam · 19 replies
    TBI ^ | 1-24-2012 | Simone Foxman
    PETER ORSZAG: The US Is Facing A Perfect Storm Early Next Year Simone Foxman Jan. 24, 2012, 12:30 PM Early 2013 could just be the next perfect storm for political catastrophe in the United States, according to Peter Orszag, the Vice Chairman of Global Banking at Citigroup, who spoke at the Bloomberg Link Sovereign Debt Conference today. That's when Congress will face its next test--passing crucial legislation on the Bush-era tax cuts, defense spending, and raising the debt ceiling. "It's going to be rare that we have that [legislative] trifecta where you can actually do anything," Orszag said, arguing that...
  • George Soros Warns Of Financial Collapse, Class Warfare And The Rise Of Evil

    01/24/2012 7:49:00 AM PST · by blam · 65 replies · 1+ views
    TBI ^ | 1-24-2012 | Gus Lubin
    George Soros Warns Of Financial Collapse, Class Warfare And The Rise Of Evil Gus Lubin Jan. 24, 2012, 8:00 AM Soros George Soros warns of financial collapse and class warfare in a chilling interview with Newsweek's John Alridge. “At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of...
  • Define "Apocalypse"

    01/19/2012 9:44:39 AM PST · by Wolf13 · 33 replies
    Politico ^ | 1-19-12 | Chuck Bentley
    What if the Mayans were right when they predicted that the world was coming to an end in 2012? Some people are always prepared for the apocalypse. Last year, a group of misguided Christians believed the end was nigh. A dozen years ago, Y2K was all the rage. Back when the Mayans were making predictions, so were the Essenes, a reclusive Jewish sect during Christ’s time on Earth. They thought the final battle between good and evil was coming any day now — more than 2,000 years ago. Today, some people in the Arizona desert are reportedly preparing for the...
  • The Evolution of the U.S. Dollar

    01/19/2012 12:35:42 AM PST · by Razzz42 · 12 replies
    Armstrong Economics ^ | January 17, 2012 | Martin Armstrong
    ...Therefore, this whole idea that we can live the high-life, be whatever we dream and never have to pay the consequences is simply dead wrong. The confusion that the Gold Standard advocates have created is this misconception that we print money and that is “fiat” that results in inflation. This is a far too simplistic view of finance. It presumes “printing” of actual dollars without restraint. Simply put, HAD WE PRINTED dollars instead of BORROWING DOLLARS, the national debt would be about 40% of its current size. Printing is MUCH LESS inflationary than borrowing. The reason, borrowing necessitates the creation...
  • Goldman Sachs posts $1 billion profit

    01/18/2012 11:23:47 AM PST · by combat_boots · 4 replies
    CNN Money ^ | January 18, 2012 | By Maureen Farrell and Aaron Smith
    NEW YORK (CNNMoney) -- Goldman Sachs reported a fourth-quarter profit of about $1 billion on Wednesday, reversing a loss from the third quarter and topping expectations. But the company's revenue declined from a year ago and missed analysts' forecasts. Slashing compensation and nearly $1.4 billion in other expenses helped Goldman Sachs (GS, Fortune 500) generate its nearly nine-figure profits last year. Chief financial officer David Viniar said cost-cutting won't be the firm's primary focus going forward. "It's not possible to cut expenses as a means to prosperity," he said during a conference call following the earnings release.
  • France Loses Triple-A Rating On S&P Downgrade: Report

    01/13/2012 8:05:39 AM PST · by tcrlaf · 8 replies · 1+ views
    CNBC ^ | Friday the 13th, 2012 | CNBC.com with Reuters
    Standard & Poor's ratings agency has downgraded France's credit rating, French television channels reported on Friday, citing a government source. EU building flags brussels EyesWideOpen | Getty Images The channels did not provide further details. S&P warned in December that it could downgrade the credit ratings of several euro zone nations if European leaders failed to find a lasting solution to the debt crisis at a meeting of EU leaders that month. Several euro zone countries including France face an “imminent” downgrade by ratings agency S&P, Reuters and Dow Jones news agencies reported, sending the euro to a session low...
  • RON PAUL Changes the Republican Party, or Not?

    01/10/2012 10:50:31 AM PST · by Graewoulf · 94 replies
    Graewoulf | January 10, 2012 | Graewoulf
    Rep. Dr. Ron Paul is the only Candidate now running who: 1.) Has a comprehensive platform that will cut BASELINE Federal spending. 2.) Insists that all of the planks in his platform are consistent with the US Constitution. 3.) Accepts the fact that the USA can no longer financially afford to be the World’s policeman. 4.) Fully understands how to dismantle the disastrous Federal medical “entitlements” of Medicare, Medicaid, and the illegal Obama”care.” 5.) Has a comprehensive plan to abolish or dramatically shrink 5 Federal Departments, or Bureaus. These positions set Dr. Paul apart from the rest of the Candidates...