There have been two huge economic developments in the past few weeks that are still under the radar. By under the radar, one means that it is possible to Digg or Stumble posts about the stories and still be “the first discoverer”. Second, though some aspects of the stories are covered – there has not […]
2 Huge Economic Developments under the Radar Read More »
The number 1,2,3 problems in the US Economy are as of September 14,2008: 1)All the banks are not working and not willing to lend at all. 2)Both consumers and governments are not paying for what they consume. 3)Jobs are in rapid decline. The number 1,2,3, problems in the US Economy are as of October 2009:
Note to Wall Street Investors and President Obama Read More »
In our previous post on Chinese views as published in the Beijing based Chinese Business Magazine Caixin Online, Takethe5th found the posting tainted – written by an American and not yet translated into Chinese. The following article is dramatically more authentic – written by a Western-exposed, Chinese journalist and available in Chinese as well as
View from China: Chinese Low Labor Cost Economic Model Read More »
Wall Street Reforms: Small Change This week, legislators will come together to write a final bill on financial legislation, despite an outcry on the dearth of scope and depth in current reform proposals As legislation finalizes on the financial and banking industry, efforts are finally beginning to reach a boiling point and prominent critics have
Wall Street Reform: View from China Read More »
This is not the headline, but the best line in a NYTimes story about Peak Oil Survivalists. What makes the story fascinating is that not a few times over the past 5 yaers I have contemplated some of the questions raised here.
“In bleak times, there is a boom in doom” Read More »
In his NYTimes column today Frank Rich gets The Problem with Obama’s Administration dead on. Here are some excerpts: His most conspicuous flaw is his unshakeable confidence in the collective management brilliance of the best and the brightest he selected for his White House team — “his abiding faith in the judgment of experts,” as
Frank Rich Gets Obama Right Read More »
The BP disaster in the Gulf of Mexico is acting like a proof of concept on economic and financial regulation. BP has had the run of the mill on oil drilling with a cosy and inhouse relationship with its regulator for drilling the MMS-Mineral Management Services. Something that Wall Street has been attempting to establish
Dow Jones Marketwatch:Financial Reforms Maybe Too Weak Read More »
It is worthwhile point out that Google’s Apache-licensed Android is seen both by Gartner and comScore as one of the fastest growing smartphone OS. And in case you are wondering there is a flood of new Android and Chrome OS based devices reaching the market this summer and fall. And Intel + Nokia with MeeGo
Apache License, Google and Meego Layers, Linux Triumphs Read More »
I think Dow Jones MarketWatch indulges columnist Paul Farrell as the titular Cassandra – proof that Dow Jones takes in all perspectives just in case if markets and the world’s economies go terribly wrong, Dow Jones can point to their Cassandra and say “we told you so”. Here is a Whitman Sampler of Farrell’s forebodings
Paul Farrell: Crash Cassandra Read More »
Willliam Cohan in the NYTimes chronicles How Wall Street Has Gone Free on nearly every incident leading to and during the Financial Meltdown. There is evidence of great fiduciary, civil and regulatory wrongdoing and nothing is being done by Justice or any of the other 17 financial regulatory agencies. Now only one stone remains –
Wall Street Nearly Home, Scott Free Read More »
China is trying to portray itself as being a reliable economic and political player on a world scale – that the US and the G20 don’t have to act as the World’s economic engine or political fair players/referees. And the Chinese can point to strong verbal support for Euro Bonds as a sign of financial
China as a World Reliable State Read More »
Walmart knocked down the prices again – by more than 50% to $97 for an Apple iPhone 3Gs as of last Tuesday. So the gadget press churned out the obvious – Apple was allowing Walmart to clear out the iPhone 3Gs stock for the upcoming iPhone 4 likely to be announced at the Apple Worldwide
WalMart: “iPhone 3Gs for $97” Read More »
The new Job Realities are changing basic Economic and Political Fortunes around the World. The major developing countries like China, Brazil, India, Indonesia among others dictate economic tunes because their rapidly expanding manufacturing base are the lowest cost producers in the world. One only has to look at what happened in the Climate Negotiation in
The New Jobs Realities Read More »
Normally one would avoid using SCOTUS, as it suggests genitalia or a social disease of the malbreeding ilk – rather than the Supreme Court of the United States. But the Supreme Court under the “enlightenment” of Chief Justice Roberts is routinely providing such bad decisions that maybe the implied epithets fit his Court. The
This is the weekend when the Financial Reforms, just passed by the Senate, but now subject to reconciliation of the House and Senate versions, gets analyzed in the major business and news media. And its open hunting season among the Financial lobbyists. Read this story about the lobbying forces and money being marshaled for the
Arrayed Against Financial Reform Read More »
The NYTimes in its global edition is reporting much more on Chinese affairs – and why not ? Chinese manufacturing companies are major suppliers across more industries such as electronics, many consumer household goods, and now basic chemicals or finished metals. Of course there is the not small matter of $2trillion in US debt held
If there is any doubt about the the challenging and thankless task of Economic and Financial Regulation just take a gander at the recent ruling by the FTC to approve Google’s acquisition of AdMob. The NYTimes catches much of the flavor of the decision in its reporting here. The basic problems in regulation are threefold.
Behind Why Google Gets AdMob Read More »
MarketWatch has just reported that the Senate has made it safe to bet big and naked on Wall Street. An amendment to the Finance Reform Bill that would have outlawed Naked CDS – Credit Default Swaps that are pure bets on what will happen on default positions taken by others; this prudish amendment has thankfully
Saints Preserve US – US Senate Rescues Wall Street Gambling Dens! Read More »
Felix Salmon showed the following graphic: Felix goes on to argue in effect that its because financial markets are so efficient that the Financial Industry has been able to dodge a big jobs decline. Need I say more ?
What Industry Has Escaped the Recession? Read More »
MarketWatch has just reported that the Senate has made it safe to bet big and naked on Wall Street. An amendment to the Finance Reform Bill that would have outlawed Naked CDS – Credit Default Swaps that are pure bets on what will happen on default positions taken by others. Now naked CDS are are
Breaking News: Still Good to Gamble on Wall Street Read More »
There is strong evidence that what has been suspected is true – the Big Banking Game is Fixed. And you thought the top US Banks had to fight to survive in one of the toughest and most coldly efficient banking markets. But diverse financial media players like China Post, Bloomberg, Iranian Financial Times, NYTimes, and
Is the Wall Street Banking Game Fixed ? Read More »
When Bloomberg bought Business Week, this reader had some doubts – why did Bloomberg want to get on the Sinking Titanic- Printed Media? Readership continues to drift downward for all print media not just newspapers, although they are leading the death spiral. So why join the dance of depth? Well upon reflection there are three
The New Bloomberg Businessweek Read More »
The NewYork Times in an editorial today has published its bottom-line financial reforms. This past week Takethe5th also listed the financial reforms and prosecutions that had to be implemented to dispel the notion that Congress had been bought out by Wall Street. After all, Financial Industry lobbying and campaign contributions have exceeded $110 million for
Financial Reforms List: Comparison NYTimes vs Takethe5th Read More »
The pillory or public whipping post went out of fashion in England and Europe by the 1830’s but non-public whippings, usually in prisons, occurred until the 1960’s in various jurisdictions including the US[see wikipedia for back-ground reference here]. However, the US has not abandoned Verbal Whippings in Congress. Congress has used its Congressional Hearings mechanisms
The Public Whippings of Goldman Sachs Read More »
Here is something I did not expect to print here – Republican Senator Corker from Tennessee is offering a Financial Reform idea that has real bite: Corker said on “This Week” that he plans to introduce a “claw-back” provision which would take away the personal earnings for the past five years of the corporate officers
GOP Financial Reform Idea That Works! Read More »
What is becoming increasingly apparent and broadcasted ever more widely across all media is that the culture at the top tier US banks, hedge funds, and financial firms is an anything goes, casino gambling culture. $50B fraudster Bernie Madoff was not an isolated aberration but symptomatic of Wall Street’s greedy gambling addiction. Just one example,
Wall Street’s Made-off with the Money Culture Read More »
The above pricing model for Google represents a new Technical Analysis – no not moving averages and Bollingers boundaries based on past patterns of pricing with no reference to products, marketing, or sales trends. Rather what Trefis does is provide a stock price modeling framework based on what markets a stock is in rather than
The New “Technical Analysis” of Stocks Read More »
Whats a waste! Apple’s Steve Job is getting awfully close to libelous scamming of Adobe Flash Player.Adobe has made the critical mistake of not putting enough resources into developing for Linux and Mac. And so Steve throws out HTML5 as a solution – and walks right into 3 big punches. First, HTML5 is far from
Apple versus Adobe Feud Read More »
Here are two takes on Obama’s Financial Reform – first, the Wall Street Journal looks at what others are saying: Ezra Klein, in his Washington Post blog, would have liked Obama to be a little more (Franklin) Rooseveltian in his denunciations of Wall Street practices. Comparing Obama’s speech to one FDR gave blasting the financial community
Two Takes on Obama’s Financial Reform Read More »
Time Magazine and Jon Stewart have taken up a cause that I think is long overdue. Calling out Fox News for its blatant lies and deceptions occurring ever more frequently. Fox News with its motto of “Fair and Balanced” is yet again engaging in self-deception about how the Fox News Network is run. Time and
Fox is the News, Again Read More »
Tea Party members are riled to the point of rabid protest by one simple fact – Wall Street still trumps Main Street. Wall Street bankers are a) bigger than ever and more likely to fail catastrophically than before; b)are bonusing and compensating themselves bigger than ever before while still being on the dole for Fed
Wall Street Still Trumps Main Street Read More »
Given the huge cost to taxpayers for the Financial Bailout[and not just in TARP funds but the much bigger recession costs to governments at all levels due to loss of tax revenues while having to make increased safety net expenditures], Tea Party Members should have meaningful Financial Reform at the top of their agenda. But
The Tea Party and Meaningful Financial Reform Read More »
