Daily Archives: July 26, 2012

Barofsky on LIBOR scandal: ” I hope to see people in handcuffs”

Neil Barofsky, the former inspector general in charge of oversight at TARP says Treasury Secretary, Tim Geithner’s comments on LIBOR aren’t credible and argues that his inaction and failure to ring alarm bells was an implicit approval of what banks … Continue reading

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WSJ Hilsenrath: Fed likely to try further stimulus

Jon Hilsenrath is the Wall Street Journal Senior Economics Correspondent and is alleged to have the inside scoop on Fed action plans. In this clip he explains that the Fed is likely to try further easing experiments given evidence of … Continue reading

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Danielle’s weekly market update with Talk Digital Network

Danielle was a guest today with Phil Mackesy of Talk Digital Network discussing recent developments in the world economy and markets.  You can listen to an audio clip of the interview here.

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David Stockman on protecting capital from the next global margin call

For those that have an attention span longer than 30 seconds, this 30 minute discussion is worth watching. Former Reagan Budget Director David Stockman offers plain talk and valuable historical perspective on how and why the world arrived where we … Continue reading

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Dow CEO sees weak second half as global demand heads down

Andrew Liveris, chief executive officer of Dow Chemical Co., talks about the largest U.S. chemical company’s second-quarter earnings and sales released today. Net income declined to $734 million, or 55 cents a share, from $1.07 billion, or 84 cents, a … Continue reading

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Draghi talking tough, carrying a little stick

More big promises out of the EU central bank this morning have the risk trade soaring once again. Bullshit so far continuing to baffle brains and ignore math. It reminds us of how poor present plans are, when so many … Continue reading

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