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By Jeremy Gardiner You will hear much discussion around the terms ‘Wall Street’ and ‘Main Street’. Wall Street is synonymous with the US financial system and Main Street represents the US consumer. It is clear that the average American sees the current crisis as a Wall Street problem and the bailout plan [...] More on this topic (What's this?) Keith Fitz-Gerald: Why Europe's Latest Bailout Won't Work (Money Morning, 12/21/11) Our Financial "Regulators" Just Let Us Down Again (Money Morning, 12/21/11) The Chicago Sessions (Finance Documentaries, 12/16/11)
Humpty Dumpty sat on a Wall Humpty Dumpty had a great fall All the King’s horses, and all the king’s men Didn’t bankrupt the country and devaluate the currency putting the shifty bastard together again. Hat tip: Barry Ritholtz’s The Big Picture, September 29, 2008.
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The first ever trillion-dollar loss on Wall Street came in the wake of US lawmakers failing to gather enough votes to pass the $700 billion bail-out package. This post deals with a few interesting snippets and concludes that we are still in the grips of a primary bear market and should tread carefully until the smoke clears and the flames can be measured. [...] More on this topic (What's this?) Ratio Analysis: $DAX/European Financial Index Going Parabolic? (Money Morning, 1/24/12) Hiring Surges in Pimps, Prostitutes and Drug Dealers (Wealth Daily, 2/4/12) The Great Minds of the Market: Charles Dow (Investment U, 1/23/12) | |||||||||||||||||||||||||
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