Banks win another round of lobbying

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The financial markets, to borrow a term from Fed Chairman Bernanke about the economy, are “unusually uncertain.” Yet on balance the greater volatility is not a category 5 event to worry about. That’s because global regulators are at the helm. They have too much invested in bailouts to let things go to hell now. As [...]

Don’t listen to most market pundits…

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The US economy is not on the precipice as pundits would have you believe by listening to their prognostications and comparisons of the Greece and the EU to the US. Yes there are similarities in government spending gone wild but the US has a dynamic economy unlike Greece and is taking pro-active action unlike the [...]

Market Turmoil is Buying Opportunity

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Markets around the world are unsettled and the blame is being cast on the probable spread of the financial crisis in Greece to other nations including Portugal and Spain. Meanwhile election in the UK are adding to the uncertainty. The US dollar is the benefactor and US stocks are declining in lockstep–they have runup on [...]

Goldman…typically a pattern of deceit

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The US Securiites & Exchange Commission (SEC) filed civil fraud charges against Goldman Sachs yesterday. According to the charges, Goldman deceived investors by representing both sides of a rigged deal and mislead the buyer that mortgages selected to be included in to a derivatives contract were made by an independent third-party. Instead Goldman let the [...]

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