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By Charles Krakoff Less than a week after a federal court in Manhattan sentenced hedge fund boss Raj Rajaratnam to a record 11 years in prison for insider trading, and ordered him to pay forfeiture and fines of more than $60 million, comes the news that Citigroup has agreed to pay $285 million to settle...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
12-01-2011
Filed under:
Filed under: Charles Krakoff, Goldman Sachs, CDO, Raj Rajaratnam, fraud, Rajat Gupta, civil complaint, Ambac, John Paulson, Securities and Exchange Commission, SEC, JP Morgan Chase, credit default swap, Citigroup, insider trading
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Stocks rallied put together a very impressive rally out of the hole on Tuesday. After being down over 200 points in the early going, the Dow Industrials rallied in the final hour to close 250 points to the upside. How many times have stocks been down +1% at 3 pm only to rally and finish in the green...
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Economists are responding to weakening economic data by slashing their U.S. GDP growth estimates. JP Morgan's economists now say growth will top out at 1% in the fourth quarter, and slow to 0.5% in the first quarter of 2012. Goldman Sachs has already reported there is a 1 in 3 chance the U.S. will...
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Goldman Sachs says there is a 1 in 3 chance the U.S. will slip back into recession. Harvard economics professor Martin Feldstein from Harvard University is says it’s 50/50. At least one strategist is saying the U.S. economy is already in recession. Investors aren’t waiting around to see who’s...
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Let me admit my bias right here: I don’t “get” Twitter. This isn’t just because I’m too old. My teenage daughter, Isabel, tells me she thinks it’s pointless and that none of her friends use it. I also don’t see how Twitter will ever make money, though it’s...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
03-01-2011
Filed under:
Filed under: Argentina, Ford, GEMs, Microsoft, Charles Krakoff, Goldman Sachs, JP Morgan, high frequency trading, Facebook, block trade, private placement, capitalism, individual investor, institutional investor, Twitter, BATS, NYSE
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Technology can fix anything: even the Federal government's deficit. At least, that's what the Technology CEO Council told White House officials yesterday. The council, headed by IBM (NYSE:IBM) CEO Sam Palmisano said investments in efficiency technology could save the U.S. government $1 trillion...
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.........But First, A Word From Our Sponsor.......... Down on the dollar? Foreign currencies at EverBank could be your answer. If you're intrigued by the possibility of lower portfolio risk and gains against a weak U.S. dollar, look to us for: -- Familiar products: WorldCurrency CDs and Money Market...
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When two leading strategy consulting firms, each of which prides itself on rigorously independent analytical thinking, release reports in the same week on roughly the same topic, there are only two possible conclusions: either they have been afflicted by the same kind of groupthink that led those famously...
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Was it only last week I was expressing outrage that US taxpayers would have to pick up the check for Greek profligacy in the form of IMF guarantees? This morning we wake to up the sound of $250 BILLION in IMF guarantees for a European rescue fund, most of which will go to countries that are eventually...
Posted to
John Mauldin's Outside the Box
by
John Mauldin
on
05-10-2010
Filed under:
Filed under: Housing, Alan Greenspan, Fannie Mae, Freddie Mac, AIG, Europe, Economic Crisis, IMF, Greece, Goldman Sachs, Capital, Michael E. Lewitt
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There Had to Be a Short How Should Our Institutions Invest? The Future Of Public Debt The Future Public Debt Trajectory Debt Projections Montreal, New York, Connecticut, and Italy Everyone and their brother intuitively knows that the current government fiscal deficits in the developed world are unsustainable...
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........But first a word from our sponsor....... Strike while the metal's hot and the market risk none Growing demand for gold, silver and platinum attracts many of today's leading investors. Is fear of market volatility and high costs keeping you from adding precious metals to your portfolio...
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.......But first a word from our sponsor....... Strike while the metal's hot and the market risk none Growing demand for gold, silver and platinum attracts many of today's leading investors. Is fear of market volatility and high costs keeping you from adding precious metals to your portfolio...
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First, Let's Kill the Angels Equal Choice, Equal Access, Equal Opportunity Some Quick Thoughts on Goldman La Jolla and Dallas When you draft a 1,300-page "financial reform" bill, various special interests get language tucked into the bill to help their agendas. However, the unintended consequences...
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This week we look at two brief essays for your Outside the Box. The first is my friend Barry Habib talking to us about where mortgage rates are headed. Barry gives us a very simple, but logical analysis on why rates are headed up. Then we jump to Spencer Jakab writing in the Financial Times about the...
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In a most thought provoking interview with the Managing Director of Pangea Capital Management and author of " A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers " , we began by discussing the recently issued report on Lehman Bros. and Repo 105. We then moved...