'Latest eWallstreeter updates:
Philip Pilkington: Economics as Metaphysics and Morals By Philip Pilkington, a journalist and heathen currently living in Dublin, Ireland Belligerent ghouls Run Manchester schools Spineless swines Cemented minds – The Smiths, The HeadmasterRitual Human beings have always and probably will always construct moral systems around which they structuretheirthoughts and actions. Some of these are...
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SPY/GLD : Puzzled ! I have two main positions besides my short Kiwi position. I went long the SPY with a smallpositionyesterday at $126.85 with a stop level at 126. I am short GLD at 150.50 with a protective stop at 151. At this point in time I give GLD a 70% chance for being a winning trade VS 30% for the SPY ! I would be much moreconfident in theSPY if we...
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Mirabile Dictu! Central Bankers Getting Concerned About Bank Capital Levels Rather Late in the Reform Game Something very peculiar is afoot. Well after the bank regulatory reform debate was supposedly settled, central bankers seem to be reopening that discussion. It’s puzzling because the very reason the banks won so decisively was that central bankers were not prepared to get all that tough with their charges. I’m not clear what has led...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
OIL! (It’s Tanking) Amid the selling this morning, some gigantic dumping of oil. Look what crude did just in the last several moments. It's possible that some comments from China's Hu Jintao -- who called the recovery "slow and fragile" -- is contributing to things. Who knows. Please follow Money Game on Twitter and Facebook. Join the conversation about this...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
BOOM: Everything Is Red Again, As Greek Situation Hurtles Towards Endgame The Greek situation may literally be entering its final hours, with major developments expected over the weekend. Everyone is selling today. France is down 1%. Germany is down 0.73%. Shanghai fell 0.8%. Amusingly, Greek stocks themselves are up 1%, a move that's more humorous than anything else, as it's the tiniest and most meaningless of...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The Ten States That Restrict Personal Freedom (And Those That Protect It) The debate about who is “free” in the United States is older than the Bill of Rights. Whether people are better off with laws that limit their freedom, or few laws that allows them to fend for themselves, clouds theissue. Consider helmet laws. People who don’t wear motorcycle helmets are probably moreoften seriously[...] [[ This is a content...
[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Thank You Hall Voters For Sparing Us Another Year On Tuesday, the NASCAR Hall of Fame announced the inductees for next year’s class. Making the cut were Dale Inman, Glen Wood, Cale Yarborough, Richie Evans and Darrell Waltrip. Though there were a lot of tears surrounding the announcement, all I could feel was indescribable joy at the realization that I wouldn’t have to listen to the...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Consumer Spending Growth In China Fades; Spending a Mere 34% of GDP; Can China Fail Like Japan? China and the US both desperately want consumer spending to grow. Instead, the Chinese economy has grown even more unbalanced. China is increasingly reliant on fixed investment, yet there are few economically viable projects. Worse yet, China is in the midst of gigantic property bubbles that will soon pop. Please consider Consumer Spending Fades...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Apple releases update to MainStage 2 Apple has released an update to its MainStage 2 software. MainStage is part of the Logic Studio suite and allows performers to bring virtual instruments and effects to live concerts. Full release notes for the update are available here, but the major improvements include: Fixes to an issue where presets for Audio Unit plugins were incorrectly...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Michael Hudson: Free Money Creation to Bail Out Financial Speculators, but not Social Security or Medicare By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City and a research associate at the Levy Economics Institute of Bard College Financial crashes were well understood for a hundred years after they became a normal financial phenomenon in the mid-19th century. Much like the buildup of plaque deposits in...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
BankRate IPO Prices At $15; Middle Of Expected Range In the latest Internet IPO to hit the financial market, BankRate late Thursday priced an offering of 20 million shares at $15. That's at the middle of the expected range of $14-$16. The offering is for 20 million shares, 12.5 million from the financial information Web site company and 7.5 million by selling holders. Selling holders have granted...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
ECB’s Trichet: Greek Default Should Be Avoided From Dow Jones: Trichet: Clear Position Is Greek Default Should Be Avoided - Report It is the clear position of the European Central Bank that a Greek default in any form should be avoided, as should any action in the Greek crisis that would spawn a credit event, ECB President Jean-Claude Trichet says in an interview to be released Friday....
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Treasury Snapshot: 10-Year Yields at a 6-Month Low June 16, 2011 Quick take: The ten-year yield dropped another five basis points today to close at 2.93, the lowest yield since November 30 of last year. But the Treasury rally in other maturities seems to be slowing a bit. The behavior of Treasuries is an area of special interest in light of the Fed's second round of quantitative easing, which...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Hey, Feds, Give Disaster A Chance To Avoid True Financial Apocalypse The trouble with the financial catastrophe of ’07-’09 was that there wasn’t enough of it.
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10.6.8 build 10K540 seeded to developers The latest build of Mac OS X 10.6.8 has been seeded to developers. This build lists no known issues, and it has the exact same focus areas as an earlier build: AirPort, Networking, Graphics Drivers, the Mac App Store, QuickTime, and VPN. There's no indication of when 10.6.8 will see public release, but with OS X Lion due next month, it's likely...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Ireland Says ‘BURN The Bondholders’, Greece Poses $41B Risk To U.S. Banks, U.K. Looks To Re-Install Glass Steagall Type Legislation, Weiner Resignation Video, BitCoin User Hacked For $500K, Historic Philly Fed Collapse (15 LINKS) Ireland Opens New Front - BURN THE BONDHOLDERS Greece poses $41 billion risk to U.S. banks Boehner Hints At Defunding Libya Operation UK Looks To Re-Install Glass Steagall Type Legislation Ethanol Subsidy Suffers Rare Loss in Senate - WSJ ECB banker urges doubling of EU bail-out fund Greek deal fails to ease contagion fears -Spain is next Greek...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
New Home Starts — It’s The Job Market Stupid! By guest contributor Lance Roberts June 16, 2011 Today, the report on new home starts was released. Bottom line — it stunk, just not as bad as last week, but we are still well below normal recessionary levels. According to the report today housing starts rose more than expected and permits for future construction touched a five-month...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
How To Buy A Stolen Credit Card by Zoe Chace June 17, 2011 Audio for this story from Morning Edition will be availableat approx....
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Facebook is preparing an iPad app According to the New York Times, Facebook is finally making an official iPad app. While Facebook's iPhone app has been in the App Store from day one, it's been a long, long wait for an iPad version of the popular social networking site. When asked about the possibility of an iPad app last November, Facebook founder Mark Zuckerberg reportedly said...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
NGOs Look to Sue Brazil Over Amazon Dam It's one of the reasons why NGOs get such a bad rap in the developing markets, they meddle into growth projects that the locals seem willing to tolerate more than the foreigners. On June 16, Amazon Watch, an international environmental group with offices in Brasilia, and its legal partners the InterAmerican Association for Environmental Defense in...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]'>Latest eWallstreeter updates:
Philip Pilkington: Economics as Metaphysics and Morals By Philip Pilkington, a journalist and heathen currently living in Dublin, Ireland Belligerent ghouls Run Manchester schools Spineless swines Cemented minds – The Smiths, The HeadmasterRitual Human beings have always and probably will always construct moral systems around which they structuretheirthoughts and actions. Some of these are...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
SPY/GLD : Puzzled ! I have two main positions besides my short Kiwi position. I went long the SPY with a smallpositionyesterday at $126.85 with a stop level at 126. I am short GLD at 150.50 with a protective stop at 151. At this point in time I give GLD a 70% chance for being a winning trade VS 30% for the SPY ! I would be much moreconfident in theSPY if we...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Mirabile Dictu! Central Bankers Getting Concerned About Bank Capital Levels Rather Late in the Reform Game Something very peculiar is afoot. Well after the bank regulatory reform debate was supposedly settled, central bankers seem to be reopening that discussion. It’s puzzling because the very reason the banks won so decisively was that central bankers were not prepared to get all that tough with their charges. I’m not clear what has led...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
OIL! (It’s Tanking) Amid the selling this morning, some gigantic dumping of oil. Look what crude did just in the last several moments. It's possible that some comments from China's Hu Jintao -- who called the recovery "slow and fragile" -- is contributing to things. Who knows. Please follow Money Game on Twitter and Facebook. Join the conversation about this...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
BOOM: Everything Is Red Again, As Greek Situation Hurtles Towards Endgame The Greek situation may literally be entering its final hours, with major developments expected over the weekend. Everyone is selling today. France is down 1%. Germany is down 0.73%. Shanghai fell 0.8%. Amusingly, Greek stocks themselves are up 1%, a move that's more humorous than anything else, as it's the tiniest and most meaningless of...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The Ten States That Restrict Personal Freedom (And Those That Protect It) The debate about who is “free” in the United States is older than the Bill of Rights. Whether people are better off with laws that limit their freedom, or few laws that allows them to fend for themselves, clouds theissue. Consider helmet laws. People who don’t wear motorcycle helmets are probably moreoften seriously[...] [[ This is a content...
[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Thank You Hall Voters For Sparing Us Another Year On Tuesday, the NASCAR Hall of Fame announced the inductees for next year’s class. Making the cut were Dale Inman, Glen Wood, Cale Yarborough, Richie Evans and Darrell Waltrip. Though there were a lot of tears surrounding the announcement, all I could feel was indescribable joy at the realization that I wouldn’t have to listen to the...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Consumer Spending Growth In China Fades; Spending a Mere 34% of GDP; Can China Fail Like Japan? China and the US both desperately want consumer spending to grow. Instead, the Chinese economy has grown even more unbalanced. China is increasingly reliant on fixed investment, yet there are few economically viable projects. Worse yet, China is in the midst of gigantic property bubbles that will soon pop. Please consider Consumer Spending Fades...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Apple releases update to MainStage 2 Apple has released an update to its MainStage 2 software. MainStage is part of the Logic Studio suite and allows performers to bring virtual instruments and effects to live concerts. Full release notes for the update are available here, but the major improvements include: Fixes to an issue where presets for Audio Unit plugins were incorrectly...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Michael Hudson: Free Money Creation to Bail Out Financial Speculators, but not Social Security or Medicare By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City and a research associate at the Levy Economics Institute of Bard College Financial crashes were well understood for a hundred years after they became a normal financial phenomenon in the mid-19th century. Much like the buildup of plaque deposits in...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
BankRate IPO Prices At $15; Middle Of Expected Range In the latest Internet IPO to hit the financial market, BankRate late Thursday priced an offering of 20 million shares at $15. That's at the middle of the expected range of $14-$16. The offering is for 20 million shares, 12.5 million from the financial information Web site company and 7.5 million by selling holders. Selling holders have granted...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
ECB’s Trichet: Greek Default Should Be Avoided From Dow Jones: Trichet: Clear Position Is Greek Default Should Be Avoided - Report It is the clear position of the European Central Bank that a Greek default in any form should be avoided, as should any action in the Greek crisis that would spawn a credit event, ECB President Jean-Claude Trichet says in an interview to be released Friday....
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Treasury Snapshot: 10-Year Yields at a 6-Month Low June 16, 2011 Quick take: The ten-year yield dropped another five basis points today to close at 2.93, the lowest yield since November 30 of last year. But the Treasury rally in other maturities seems to be slowing a bit. The behavior of Treasuries is an area of special interest in light of the Fed's second round of quantitative easing, which...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Hey, Feds, Give Disaster A Chance To Avoid True Financial Apocalypse The trouble with the financial catastrophe of ’07-’09 was that there wasn’t enough of it.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
10.6.8 build 10K540 seeded to developers The latest build of Mac OS X 10.6.8 has been seeded to developers. This build lists no known issues, and it has the exact same focus areas as an earlier build: AirPort, Networking, Graphics Drivers, the Mac App Store, QuickTime, and VPN. There's no indication of when 10.6.8 will see public release, but with OS X Lion due next month, it's likely...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Ireland Says ‘BURN The Bondholders’, Greece Poses $41B Risk To U.S. Banks, U.K. Looks To Re-Install Glass Steagall Type Legislation, Weiner Resignation Video, BitCoin User Hacked For $500K, Historic Philly Fed Collapse (15 LINKS) Ireland Opens New Front - BURN THE BONDHOLDERS Greece poses $41 billion risk to U.S. banks Boehner Hints At Defunding Libya Operation UK Looks To Re-Install Glass Steagall Type Legislation Ethanol Subsidy Suffers Rare Loss in Senate - WSJ ECB banker urges doubling of EU bail-out fund Greek deal fails to ease contagion fears -Spain is next Greek...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
New Home Starts — It’s The Job Market Stupid! By guest contributor Lance Roberts June 16, 2011 Today, the report on new home starts was released. Bottom line — it stunk, just not as bad as last week, but we are still well below normal recessionary levels. According to the report today housing starts rose more than expected and permits for future construction touched a five-month...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
How To Buy A Stolen Credit Card by Zoe Chace June 17, 2011 Audio for this story from Morning Edition will be availableat approx....
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Facebook is preparing an iPad app According to the New York Times, Facebook is finally making an official iPad app. While Facebook's iPhone app has been in the App Store from day one, it's been a long, long wait for an iPad version of the popular social networking site. When asked about the possibility of an iPad app last November, Facebook founder Mark Zuckerberg reportedly said...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
NGOs Look to Sue Brazil Over Amazon Dam It's one of the reasons why NGOs get such a bad rap in the developing markets, they meddle into growth projects that the locals seem willing to tolerate more than the foreigners. On June 16, Amazon Watch, an international environmental group with offices in Brasilia, and its legal partners the InterAmerican Association for Environmental Defense in...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
