Top News
Mon Feb 6
Huffingtonpost [SUPER]
Lets face it. Selling financial solutions during a Super Bowl is far from easy. But E-Trade manages to capture our spirit and laughter with its clever ad. The baby reassures a new dad about planning for his daughters future with E*Trade Financial Consultants. His friend Bobby stops by for an unexpected surprise visit, too and even jokes hes speed dating in the nursery. Even if finance isnt your thing, the voice over and the hilarious expressions from this adorable baby make it well worth wa [...]
Sun Feb 5
Huffingtonpost [GREECE]
"The pace and composition of the deleveraging process needs to be consistent with the macroeconomic scenario of the adjustment program and should not jeopardize the provision of adequate levels of credit to the economy." Thus spoke one European finance official this weekend, as one more confab of ministers from the eurohood gathered to assure the world that all is proceeding apace toward "a more balanced monetary union governance model and effective firewalls." The tenden [...]
Sun Feb 5
Econlog.econlib.org [ARNOLD]
Reihan Salam has had a number of interesting posts recently. Here, he discusses Kevin Careys analysis of how subsidies to college education ultimately benefit not the consumers but the suppliers. Suppose that you want people to have more high-quality education and health care. You regulate the supply to ensure quality, and you subsidize demand to ensure that people can buy it. What happens? If you make the supply inelastic and you increase demand, then the quantity stays the same and the pric [...]
Sun Feb 5
6 Hour Greek Meeting Ends With No Agreement, Troika Demands Answer By 11am Tomorrow, EURUSD Drifts Lower
Zerohedge [GREEK]
The Greek endgame appears to be approaching... or not. After a "marathon" (in Greek terms) session between the Greek coalition cabinet members ended with no definitive agreement, and in fact LAOS president said that more austerity would "contribute to a recession that the country can not afford, and a revolution of misery which will then burn down Europe", while New Democracys Samaras stated he would "not permit any more austerity", even as Papademos on the other [...]
Zerohedge [GREEK]
The Greek endgame appears to be approaching... or not. After a "marathon" (in Greek terms) session between the Greek coalition cabinet members ended with no definitive agreement, and in fact LAOS president said that more austerity would "contribute to a recession that the country can not afford, and a revolution of misery which will then burn down Europe", while New Democracys Samaras stated he would "not permit any more austerity", even as Papademos on the other [...]
Sun Feb 5
Gallop Points to Weaker Employment Report Tomorrow
Fso [REPORT]
Gallup released their latest employment poll today and the news doesnt bode well for tomorrows January employment report. According to the most recent survey U.S. employment, without... [...]
Fso [REPORT]
Gallup released their latest employment poll today and the news doesnt bode well for tomorrows January employment report. According to the most recent survey U.S. employment, without... [...]
Sun Feb 5
Huffingtonpost [EUROPE]
BEIJING, Feb 5 (Reuters) - China has a stake in helping the euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europes importance as an export market and as a source of technology. Wen urged sceptical Chinese citizens to understand that supporting Europe was in their own benefit, the official Xinhua news agency reported. "Now Europe is facing a debt crisis and we must consider relations with Europe strategically [...]
Sun Feb 5
Goldman Sachs CEO Speaks Up For Same-Sex Marriage
Clusterstock [GOLD]
Goldman Sachs CEO Lloyd Blankfein has become the first national corporate spokesperson for the Human Rights Campaign (HRC), an advocacy group that promotes equal rights for gay, lesbian, bisexual, and transgender people. "Im Lloyd Blankfein, Chairman and CEO of Goldman Sachs. And I support marriage equality," says Blankfein in an HRC video posted on YouTube. Goldman Sachs is not well-known for supporting liberal causes. And unlike some of the more outspoken bank CEOs, like JP Mo [...]
Clusterstock [GOLD]
Goldman Sachs CEO Lloyd Blankfein has become the first national corporate spokesperson for the Human Rights Campaign (HRC), an advocacy group that promotes equal rights for gay, lesbian, bisexual, and transgender people. "Im Lloyd Blankfein, Chairman and CEO of Goldman Sachs. And I support marriage equality," says Blankfein in an HRC video posted on YouTube. Goldman Sachs is not well-known for supporting liberal causes. And unlike some of the more outspoken bank CEOs, like JP Mo [...]
Sun Feb 5
Should I Buy Facebook?
Fso [FACEBOOK]
There’s no question that yesterday’s filing of Facebook’s initial public offering (IPO) is the hottest topic on Wall Street. With over 845 million monthly active users of its social network,... [...]
Fso [FACEBOOK]
There’s no question that yesterday’s filing of Facebook’s initial public offering (IPO) is the hottest topic on Wall Street. With over 845 million monthly active users of its social network,... [...]
Sun Feb 5
Huffingtonpost [MOST]
The day after the State of the Union Address, President Obama visited a Phoenix suburb to tour Intelâs still-under-construction computer chip manufacturing plant. Its price tag â $5.2 billion â making it the largest construction project in the world outside this summerâs London Olympics. When the plant opens in 2013, it will employ about 1,000 workers, a welcome boost for a state and nation hungry for new manufacturing jobs. [...]
Sun Feb 5
On The Failure Of Inflation Targeting, The Hubris Of Central Planning, The "Lost Pilot" Effect, And Economist Idiocy
Zerohedge [INFLATION]
As an ever greater portion of the world succumbs to authoritarian control (whether it is of military disposition, or as we first showed, a small room of economists defining the monetary fate of the future as central banks now hold nearly a third of world GDP within their balance sheets) we cant help but be amazed as the population simply sits idly by on the sidelines as the modern financial system repeats every single mistake of the past century, only this time with stakes so high not even Mar [...]
Zerohedge [INFLATION]
As an ever greater portion of the world succumbs to authoritarian control (whether it is of military disposition, or as we first showed, a small room of economists defining the monetary fate of the future as central banks now hold nearly a third of world GDP within their balance sheets) we cant help but be amazed as the population simply sits idly by on the sidelines as the modern financial system repeats every single mistake of the past century, only this time with stakes so high not even Mar [...]
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