Monthly Archives: April 2010

GS sued for fraud at last

Reform may be finally getting somewhere. MSNBC's Dylan Ratigan walks us through the allegations and suit filed against Goldman Sachs yesterday by the SEC: Visit msnbc.com for breaking news, world news, and news about the economy Hopefully this will be … Continue reading

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Earnings "growth" masks the true story–for now

There is great market excitement the past week about the prospects for earning beats in Q1. Surely we must care that 86% of the total growth in corporate earnings of the S&P over the past 12 months has been thanks … Continue reading

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China over-capacity looms large

Over-capacity and wasted resources are a hallmark of the Chinese government's insistence on growth at all costs. Just one example is that the country is currently building a number of high-speed railway networks as a kind of economic stimulus to … Continue reading

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