Jan 2012
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Stocks eased off their highs in the final minutes of trading, but still finished the first trading day of 2012 with a bang, as Wall Street cheered a handful of better-than-expected economic reports from around the world. The Dow Jones Industrial Average jumped 179.82 points, or 1.47 percent, to finish at 12,397.38, led by Alcoa [ AA 9.85 -0.32 ( -3.15% ) ] and JPMorgan [ JPM 43.21 -1.63 ( -3.64% ) ] . McDonald's [ MCD 96.97 -0.675 ( -0.69% )
US Stocks: Stocks Hold Strong Gains After Fed Minutes - US Business News - CNBC
According to investor Kyle Bass, a senior Obama administration official stated that their economic plan moving forward involves killing the dollar.
Senior Obama Admin Official: “We Are Going to Kill the Dollar” :
The Daily Bell is pleased to publish this interview with Gerald Celente (left). Introduction: Forecasting trends since 1980, Mr. Gerald Celente, Founder/Director of the Trends Research Institute , is author of the highly acclaimed and best selling books, Trend Tracking and Trends 2000 (Warner Books) and publisher of the Trends Journal .
The Daily Bell - Gerald Celente on Trend Forecasting and the Crisis of Western Civilization
I have received enough calls and emails on this within the last few weeks to A.) cause concern and B.) merit a post. People are having difficulty withdrawing cash from banks.
ON BANKS REFUSING CASH WITHDRAWALS – Ann Barnhardt | NCRenegade
San Francisco Fed Admits Bernanke Powerless To Fix Unemployment Problem | ZeroHedge
That the fine economists at the San Fran Fed are known to spend good taxpayer money in order to solve such challenging white paper conundrums as whether water is wet, or whether a pound of air is heavier than a pound of lead (see here and here ) has long been known. Furthermore, since the fine economists at said central planning establishment happen to, well, be economists, they without fail frame each problem in such a goal-seeked way that only allows for one explanation: typically the one that economics textbooks would prescribe as having been the explanation to begin with.
Fed says expand Fannie, Freddie role to aid housing | Reuters
WASHINGTON (Reuters) - The U.S. government-run mortgage finance firms Fannie Mae and Freddie Mac could play a bigger role in turning around the battered U.S. housing market, the Federal Reserve told Congress, a call that looks set to run into stiff political opposition.
Psychopaths Caused the Financial Crisis … And They Will Do It Again and Again Unless They Are Removed From Power - Washington's Blog
Clive R. Boddy, most recently a professor at the Nottingham Business School at Nottingham Trent University, says psychopaths are the 1 percent of “people who, perhaps due to physical factors to do with abnormal brain connectivity and chemistry” lack a “conscience, have few emotions and display an inability to have any feelings, sympathy or empathy for other people.” As a result, Boddy argues in a recent issue of the Journal of Business Ethics, such people are “ extraordinarily cold, much more calculating and ruthless towards others than most people are and therefore a menace to the companies they work for and to society .”
By Greg Hunter’s USAWatchdog.com Last week, I saw an interview in USA Today with JP Morgan Chase CEO Jamie Dimon.
USA Today Gives JP Morgan Free Pass | Greg Hunter’s USAWatchdog
Freddie Mac Betting Against Struggling Homeowners : NPR
Pablo Martinez Monsivais / AP Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom.
Making Money On Poverty: JP Morgan Makes Bigger Profits When The Number Of Americans On Food Stamps Goes Up
How would you feel if someone told you that one of the largest banks on Wall Street makes more money whenever the number of Americans on food stamps goes up?Eastman Kodak Co. is preparing to seek bankruptcy protection in the coming weeks, people familiar with the matter said, a move that would cap a stunning comedown for a company that once ranked among America's corporate titans.
Kodak Preparing for Chapter 11 Filing - WSJ.com
Kodak declared bankruptcy last week. For years, this company was visibly a dinosaur. It had no visionary leadership.
Kodak's Former Moment, A Lesson for You, Me and America :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
Getty Images The S&P 500 [ .SPX 1371.97 5.03 ( +0.37% ) ] closed above its closing high hit last October, a technical breakout that could spark more buying , chart analysts and traders said.
Breakout: S&P 500’s Highest Close Since July Could Fuel More Buying - Fast Money - CNBC - CNBC
Exit from comment view mode. Click to hide this space BERKELEY – In 1950, finance and insurance in the United States accounted for 2.8% of GDP, according to US Department of Commerce estimates. By 1960, that share had grown to 3.8% of GDP, and reached 6% of GDP in 1990. Today, it is 8.4% of GDP, and it is not shrinking. The Wall Street Journal’s Justin Lahart reports that the 2010 share was higher than the previous peak share in 2006.