Wall Street

Merry Christmas Begins With ‘ME’

November 29, 2011

Wall Street rallied on Monday coming off a Thanksgiving Week debacle not seen since the Great Depression and the media asks if the increases in retail on Black Friday and Cyber Monday indicate a change in consumer confidence and a upward swing of the U.S. economy that is 70% driven by consumer spending. Hold on, [...]

Tagged as: Black Friday, Charlie Rose, consumer confidence, consumer spending, cyber monday, David Brooks, frugal fatigue, narcissism and overspending, Wall Street

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Maybe Wall Street Would Be Better Off Hiring More Women

November 1, 2011

On Squawk on the Street last week, Jim Cramer and others noted the practical nature of women to look at problems and find a way to solve them. Citing Merkel of Germany, Secretary of State Hilary Clinton, and Meg Whitman, new CEO of HP, as examples of women exhibiting a pragmatic approach to problem solving [...]

Tagged as: clinton, eu bailout, hp, hp touchpad, meg whitman, merkel, shortage of women ceo and political leaders, Wall Street

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‘Fire, Indict, Fight’

September 20, 2011

James Carville, noted Democratic operative, on CNN last week advised the White House that the time to panic has come and a plan of action is needed. Here is my take on what Carville suggested as a complete change of direction for the Obama Administration: Firing–a lot of somebodies in order to rid the present [...]

Tagged as: CNN, Fight for Democratic Agenda, Fire White House Advisors, Indict 2008 financial scammers, James Carville, Reformed Liberal, Wall Street, White House Should Panic

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Recovery–The Big Lie!

August 19, 2011

There was never a recovery–at least in the U.S. With 50% of this nation’s companies invested overseas, Wall Street numbers have reflected gains not in the U.S., but in China and elsewhere. Now with the EU’s southern nations tanking and Germany and France’s unwillingness to ease that situation (they obviously have forgotten the lesson of [...]

Tagged as: Dow, Economic Depression, economic recovery, EU Bank Notes, European Union, Financial Markets roller coaster, France, germany, Market Correction, Wall Street, Wealthy

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The Sins Of The Father…

February 28, 2011

One of the highlight events in last night’s Oscars was the awarding of the best documentary to Inside Job based on the 2008 economic meltdown. The film’s director, Charles Ferguson, did a reality check for the country in his acceptance speech when he pointed out that: “…three years after a horrific financial crisis caused by [...]

Tagged as: 2008 economic meltdown, 2011 best videos, 2011 Oscars, Academy Awards, Best Documentary 2011, Charles Ferguson, corporate greed, Inside Job, Matt Damon, TARP, Wall Street

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It’s Jobs, Stupid!

February 16, 2011

Republicans have already forgotten the major issue that created their victory in the November Election, regaining the U.S. House of Representatives with the help of the Tea Party, and have returned to promoting their partisan agenda. The lame duck session and their inflationary tax breaks were passed not in the name of curbing the national debt, but in the name of [...]

Tagged as: A U.S. Regime Change?, Boehner, Deficit Cutting, Democrats, Economy, GOP, Jobs, Jobs v. Deficit, Lame Duck Session 2010, Main Street, Obama 2011 Budget, Republicans, Taxes, Tea Party, Wall Street

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12,000 Dow!

January 26, 2011

On the heels of Obama’s State of the Union Address, Wall Street picked up on key promises of the President to reform the tax structure, reduce corporate tax rates, and to revisit the issue of medical malpractice reform. While Obama is wooing big corporations, the only crumb given to small businesses was correcting the bookkeeping [...]

Tagged as: 000, China, Dow Rally Reaches 12, Global Economy, Global politics, President's State Of Union Address 2011, Wall Street, Wall Street Disconnect with Mainstreet

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Wall Street’s Happy Conspiracy

October 5, 2010

Continuing with his series on America’s Second Revolution, Paul Farrell writing for MarketWatch today declares that the Federal Reserve’s demise predicted by Nassim Nicholas Taleb, the “Black Swan” author, that “The Fed won’t exist in 25 years…” has accelerated to 2020 or as early as 2012 because it has become a pawn of Wall Street’s Happy [...]

Tagged as: Allen Greenspan, Ben Bernanke, Black Swan, Demise of Federal Reserve 2012, Goldman-Sachs, Hank Paulson, Keynesian Deficit Spending, MarketWatch, Michael Boskin, Nassim Taleb, Obama, Paul Farrell, Paul Krugman, Possible Second American Revolution, Thomas Friedman, Timothy Geithner, Tom Friedman, Transformation of Private Debt to Public Debt, Wall Street, Wall Street's Happy Conspiracy

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What Does The Continued Closing Of Banks Tell U.S. About Its’ Stress Tests?

July 27, 2010

Seven new bank closing occurred last Friday bringing the total of bank closings this year in the U.S. to 103. What does this tell us about the strength of the U.S. economy even when Wall Street has been feeling bullish? The lack of a recovery in the community bank system is contributing to a stalled U.S. [...]

Tagged as: bank failures, community bank system, dave zimmerman, economic bounce back, economy stalled, european stress tests, home sales, Obama, office supply companies, renters, simon johnson, stress tests, U.S. economy, Wall Street, wall street bounce flatlining, wall street mixed results, warren buffet

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High Unemployment Means More Children Living In Poverty

July 12, 2010

There still remains a disconnect between Wall Street and Main Street. Fueled by bailouts from government, the current Wall Street rally does not necessarily equate to an improved job outlook. Even, Federal Reserve Chairman Ben Bernanke admits that unemployment will remain high. The sad thing about numbers is that they do not tell the whole [...]

Tagged as: Children In Poverty, Disconnect Wall Street and Main Street, unemployment, Wall Street, wall street rally

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