Posts Tagged ‘politics’
Bank executives are paying back TARP funds
The favorable terms of the TARP program have been an angry blip on almost everyone’s radar. The main fallacy was perhaps the fact that the TARP project was (and is) direct intervention on the capital markets. The result has been unsatisfactory and with basically no interest, banks have been able to build profit and jump [...]
Paper dollar woes and good reading
Cheap money is bad money. The Dollar is cloning itself and the US dollar dilution, or perhaps delusion, should be a top priority concern. We are heading towards a rolercoaster first quarter 2010 and solid foundations need to be in place.. which they aren’t. Wall Street Journal has a memorable read in “Requiem for the [...]
Dow Jones replaces GM with Cisco Systems
After 83 years on the Dow Jones Industrial Index, General Motors gets kicked out, hand-in-hand with City. Cisco Systems replaces GM on the Dow Index. Cisco (CSCS) which is ranked nr 69 on the 2009 Forbes 2000 List was overdue on the Index as it is one of the main heavyweight tech stocks that also [...]
