Juggling Dynamite

Important discussion…

Nomi Prins, author of “All The Presidents’ Bankers,” discusses regulation of big banks, the relationship between the White House and the financial industry and the state of “too big to fail”. Here is a direct video link.

Segment two discusses JPMorgan CEO Jamie Dimon’s recent mea culpa letter to shareholders. Here is a direct link.

Segment three discusses the history of the Glass-Stegall Act and why the next crisis will bring another opportunity to divide banking from speculating backed by the public purse. Here is a direct video link.

Surfing life savings over QE/HFT waves today may seem smart and proactive. But then again its also a fool’s paradise. Like Robert Redford’s character in All is Lost, equity market participants today are wading around on a sinking boat that can plunge at any moment. This chart capturing the glaring disconnect between US household incomes and the S&P over the past 4 years, as compared to the tight correlation 1990 to 2010, offers insight. A 50% fall in the S&P 500 would close the gap and restore historic correlations.

Danielle was a guest today with Kerry Lutz on The Financial Survival Network talking about recent developments in the world economy and markets.  You can listen to an audio clip of the segment here.