Tuesday, 18 May 2010
Meredith Whitney: European Banks MUCH Worse Off Than American Banks, Second Half For Stock Market Is Bleak
And the fact that Europe is worse than the US is saying something, she says, since she's definitely still not positive on US banks.
Other than that, her interview appears to be a rehash of her op-ed arguing that financial reform will kill jobs.
"It could be very bad."
As for specific aspects of financial reform that concern her: pre-emption (rules that would allow banks to move to different states and take advantage of lower interest rates in some markets) and interchange fees regulation.
Specifically, she expects that interchange regulations will cream smaller banks to the benefit of the larger banks, hampering merchants' access to capital.
As for the stock market: The second half will be "bleak."
No end demand from consumers, and a double dip in housing.
Update: Here's the video.
Monday, 17 May 2010
Wednesday, 23 December 2009
Saturday, 12 December 2009
Monday, 7 December 2009
Why we simply should have said “Fuck You” to insolvent banks
How Bush started and Obama mistakenly continued the greatest transfer of wealth in the history of the planet
The FDIC and the Swedish model
3 big and non-obvious reasons that puts the wind at gold’s back.
Stock market is up? Who cares! “What the hell do the markets have to do with the economy?” Ask Japan.
Why oil and other $USD priced commodities are going higher – but foreigners beware of real returns
Canada – a great place to invest and gain exposure to commodities
The $USD – encouraging a “race to the bottom” amongst global currencies, counter-trend rally, then another leg down
US equities – impossible to short stocks in this quantitative easing environment
The parallels to 1973-74 and the start of the next secular bull market
Gold – $1,350 and $1,525 targets, then probably goes to its inflation adjusted high
Ritholtz, as always, takes the no nonsense but supremely intelligent approach to economic analysis that we only wish our financial leaders would apply when governing. Given the fact his firm manages money for some pretty high-net worth individuals and organizations, any opportunity to tap into his brain for free is a golden one.
Wednesday, 18 November 2009
Wednesday, 7 October 2009
World's major powers including China and Russia don't want to 'finance' American military adventures anymore. That's the view of Max Keiser, finance critic and former stockbroker. He says China and Russia are interested in collapsing the US economy by rejecting the dollar.