MCD
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2/9/10 Midday Report: Greece once again open for business, no longer a Euro school dropout
The market is up strongly this morning after EU Bank president Jean-Claude Trichet decided to leave Australia where he was attending the Reserve Bank of Australia’s 50th Anniversary Symposium which was a party likely as raucous as a staring contest between Bea Arthur and JD Salinger (mainly because they’re both dead). Even so, we are…
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1/22/10 Midday Report: Volcker? I hardly even know her.
The market continues to sell off as fears grow that Obama’s financial service regulation will limit the profitability of the banks who nearly destroyed the global financial system. How fucking dare he try to regulate these fine bastions of our economy who did nothing to deserve this other than invent complex derivatives based on loans…
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12/08/09 Midday Report: Formidable headwinds, not as good as formidable head
The news driving the market down today comes from Ben Bernanke’s speech yesterday (apparently the joke about the rabbi, the priest, and the horse did not go over well) where he warned that there are still “formidable headwinds” to an economic recovery. And in an additional exercise of overstating the obvious, he also concluded that…