Equities are trying to fight their way down with this low volume today so I would not be in anything that conflicts with that because in the end equities will win!
Many of the big US banks will report earnings this week and profits will be staggering. Politicians will be outraged, no doubt, (aren’t they always?), but the Fed has laid the groundwork for banks to earn enormous profits with relatively … Continue reading
The banking crisis is over for French banks says the CEO of BNP Paribas. French banks have stopped using state guarantees, he says via Reuters. French banks earlier this week began paying back bailout funds received at the height of … Continue reading
This report in the UK Telegraph shows how Barclays Bank has magically divested itself of USD$12.3 billion in toxic assets. Toxic is still toxic, no matter where it is buried, and sooner or later someone is going to get poisoned. … Continue reading
Now this is a good idea in my view from Matthew Goldstein over at Reuters. If private equity firms want to buy something, then stump up 50% cash up-front. The same should apply to private individual’s investment properties and share … Continue reading