Category Archive for ‘Money & Markets’ at The Catherine Austin Fitts Blog

Archive for the 'Money & Markets' Category

Memories on the Half Shell

Catherine, Geopolitical, Money & Markets and News & Commentary,

July 27, 2010 at 8:07 am

CHINCOTEAGUE, Moonstone, Bayou La Batre, Blue Point, Wellfleet, Malpeque … this was what I knew of the sea as a child: the list of oysters on the menu board at Grand Central Terminal’s Oyster Bar. My father used to take my sister, Laura, and me there after our parents divorced.

I had never been close to my father and was shy during these meals. At the Oyster Bar, we didn’t have to face each other; we could sit side by side on barstools watching the waiters in their white aprons as they opened oyster after oyster, each with one deft flick of the wrist. These men had dignity and composure such as I’d never seen. They were giving a performance as much as preparing meals. We could watch, sip our oyster stew and count ourselves as having accomplished another visit.

Continue reading the article . . .

Money & Markets - Week of 7.25.10

Money & Markets and Top Picks,

July 25, 2010 at 11:07 am

Anthony Weiner Demands Answers From Goldline, Glenn Beck Sponsor
The Huffington Post (28 July 10)

Sorkin: Some Backup For Goldman on A.I.G.
Yahoo Finance (27 July 10)

Russia’s Drought Raises Bondholder Risk on Prices
Bloomberg (27 July 10)

Stock Buying Hits Bull Market Record at Mutual Funds
Bloomberg (26 July 10)

Tibor at Double Bank Costs Undermines BOJ as Lending Contracts
Businessweek (26 July 10)

The Middle Class in America Is Radically Shrinking. Here Are the Stats to Prove it
Yahoo Finance (15 July 10)

At Canadian Border, a Bridge to Prosperity [Full news story (requires subscription)]
The Wall Street Journal (26 July 10)

FCIC Threatens Goldman Sachs With Audit Over Derivatives Data
Daily Finance (26 July 10)

Rising Profits Boost Dividend And Cash But Not Hiring
SmartBrief (25 July 10)

BP CEO to Walk Away With £11.8 Million
Reuters (26 July 10)

Ambrose Evans-Pritchard: Reflections on The Death of Paper Money
Gata (25 July 10)

Is ‘Cash For Commodity’ The Biggest Trade in Town?
FT Alphaville (15 July 10)

India Warned of Stagflation Risk as Price of Food Soars
GATA (25 July 10)

Money & Markets - Week of 7.18.10

Money & Markets and Top Picks,

July 18, 2010 at 11:07 am

Citigroup, JPMorgan Said to Have Sold AIG Protection to Goldman
Bloomberg (23 July 10)

Here Comes The Real Stress: Only 27% Of China Project Loans To Be Repaid In Full
Zero Hedge (23 July 10)

11th Sequential (And Massive) Equity Outflow Reignites Speculation Market Terminally Broken
Zero Hedge (22 July 10)

Financial Crime, the Statute of Limitations, and Simon Wiesenthal
The Fourteenth Banker (10 May 10)

How An End To Europe’s Crisis Will Hammer U.S. Bondholders
Business Insider (22 July 10)

Bond Default Is About Too Much Debt, Too Little Time: Joe Mysak
Bloomberg (20 July 10)

Activist Shareholder
Wikipedia

Newark Enters Emergency Austerity Budget, Won’t Buy Toilet Paper For Government Buildings
Business Insider (22 July 10)

IMF Cancels Haiti’s $268m Debts And Agrees $60m Loan
BBC News (22 July 10)

Swiss Endure Safe-haven Agony From Euro Flight
Telegraph.co.uk (21 July 10

Morgan Stanley May Shift Derivatives Trading
The New York Times (21 July 10)

Storms Threaten to Shut Down BP’s Gulf Well Work
Yahoo Finance (21 July 10)

How The Rich Are Winning
MarketWatch (20 July 10)

We’re From Wall Street And We’re Here to Help
Reuters (20 July 10)

Did The Credit Agencies Just Go Extinct?
Zero Hedge (20 July 10)

Stores Push Summertime ‘Christmas’ Sales
Associated Press (19 July 10)

State Unemployment Rates: Generally Lower in June
Calculated Risk (20 July 10)

Switzerland Under Siege: Free Markets May Yet Save the Swiss Franc
Merk (20 July 10)

The Rise and Fall of Trade
The Automatic Earth (19 July 10)

There Goes Everybody
The Economist (8 July 10)

Great Wall Street
The Economist (8 July 10)

Goldman Sachs Profits Plunge 83%
Financial Times (20 July 10)

An Outspoken Man in a Secretive Trade
The New York Times (19 July 10)

Hungary’s IMF Revolt Augurs Ill for Greece
Telegraph.co.uk (19 July 10)

Ireland’s Credit Rating Downgraded by Moody’s
Telegraph.co.uk (19 July 10)

Markets Braced For Turmoil After IMF and EU Withdraw £17bn Hungary Financing Deal
Telegraph.co.uk (18 July 10)

Halliburton 2Q Profit Jumps 83 Percent
Yahoo Finance (19 July 10)

Perfect Storm Brewing For La. Economy
Wireless (18 July 10)

Cameron Raids Dormant U.K. Accounts as Minister Attacks Banks
Bloomberg Businessweek (18 July 10)

U.S. Exports Up, But Higher Imports Widen Trade Deficit
The Washington Post (13 July 10)

Unearthing Green Scams
Biomass Magazine (June 2010)

Paul Craig Roberts on Glass-Steagall, Free Trade and the Dangers of an Evolving ‘Oligarchy of Private Interests’
The Daily Bell (18 July 10)

99 Stocks Account For Half Of Day’s Trading Volume As Liquidity Concentrates In Ever Fewer Stocks
Zero Hedge (6 July 10)

Unofficial Problem Bank List at 796 Institutions
Calculated Risk (17 July 10)

Toyota to Build Brazil Plant
The Wall Street Journal (16 July 10)

Goldman Settles For “Lunch Money” But CEO’s Days are Numbered, Says Chris Whalen
Yahoo Finance (16 July 10)

Money & Markets - Week of 7.11.10

Money & Markets and Top Picks,

July 12, 2010 at 11:07 am

The Last Bubble: The Problem of Unresolved Debt in the US Financial System
Jesses Crossroads Cafe (15 July 10)

Fed’s Volte Face Sends The Dollar Tumbling
Telegraph.co.uk (15 July 10)

Demand For Financing Leads Global Economic Recovery Toward ‘Wall of Debt’
The Washington Post (15 July 10)

20 Highest Earning Cities in America
The Daily Beast (14 July 10)

Bailed-out Small Banks Face Takeover Risk
Reuters (14 July 10)

AIG Said to Weigh Handing Over Stake in Rescue Vehicles to Repay U.S. Debt
Bloomberg (14 July 10)

Oil Spill Muddies Bank M&A In U.S. Gulf
Reuters (14 July 10)

BAC: “Accidental” Repos
The Market Ticker (14 July 10)

Shadowstats’ John Williams Exposes The Media’s Propaganda Spin, Or Why Watching CNBC Can Be Hazardous To Your Wealth
Zero Hedge (14 July 10)

Victory! Cantor-Fitzgerald Abandons Box Office Futures Trading!
Right Pundits (13 July 10)

Mass Leak of Client Data Rattles Swiss Banking
The Wall Street Journal (8 July 10)

Speculators’ New Craze For Chocolate Leaves a Bitter Taste
The Independent (11 July 10)

Taxpayers Don’t Need $2.9 Trillion Pension Overhaul: Joe Mysak
The Washington Post (13 July 10)

Bank of America Admits to ‘Dollar Rolling’ $10 Billion in Debt
Law.com (13 July 10)

Mel Martinez to be Fla. Chairman For JPMorgan Chase
Orlando Sentinel (12 July 10)

Chinese Rating Agency Strips Western Nations of AAA Status
Telegraph.co.uk (12 July 10)

Crisis Awaits World’s Banks as Trillions Come Due
The New York Times (11 July 10)

Country Risk: The World According to Robert Rubin
Seeking Alpha (30 June 10)

Banks Worldwide Need to Repay or Roll Over Trillions in Loans
SmartBrief (11 July 10) [Full news story (requires subscription)]

Surreal Macabre Circus Is Now In Session: Stocks Surge In Week When Lipper Reports $11.6 Billion In Equity Fund Outflows
Zero Hedge (8 July 10)

Hedge Funds Look For Golden Age
GATA (9 July 10)

Paulson Suffers $2bn Slump in Assets
Absolute Return + Alpha (8 July 10)

IMF Tells US to Tighten Fiscal Policy
Financial Times (29 June 10)

CNBC Guest Says Absent Plunge Protection Team Stepping In, Market Would Fall
ZeroHedge.com (8 July 10)

Social Security Money Stolen by Government
NewsChief.com (10 July 10)

City of Houston is Bankrupt (so are California, Oregon, and Pension Plans in General)
RagingDebate.com (22 Oct 09)

Money & Markets - Week of 7.4.10

Money & Markets and Top Picks,

July 4, 2010 at 11:07 am

Getting America Back In Business
USAonly.US

China to Roll Out Nationwide Tax on Oil And Gas Sales
BBC News (8 July 10)

How Large is the Outstanding Value of Sovereign Bonds?
Calculated Risk (8 July 10)

The Real Housewives of Japan: Shopping for Bargains … Driving Deflation?
Money Morning (8 July 10)

Study Finds Bank Bailouts Profitable For U.S.
Reuters (7 July 10)

Big Macroeconomics: What Can a Sandwich Price Tell You About a Nation’s Currency?
The Palm Beach Post (7 July 10)

ICI Reports Ninth Sequential Equity Fund Outflow In A Row
Zero Hedge (7 July 10)

JP Morgan Pours More Cold Water On Stress Test Credibility, Sees Anything Less Than 25% Haircut On Greek Bonds As A Joke
Zero Hedge (7 July 10)

U.S. Banks Risk ‘Untold Problem’ as Muni Debt Swells
Bloomberg Businessweek (6 July 10)

IPOs, It Seems, Are Key to M&A Success
The Wall Street Journal (6 July 10)

The Puzzle of Carruades de Lafite
English (7 July 10)

Oil Head-Fake Update: Why Alt Energy Will Never “Pencil Out”
Of Two Minds.com (6 July 10)

Graduates Face 7 Percent Drop in Job Vacancies
Reuters (6 July 10)

James Altucher Advises Young People to Invest in Themselves, Stay Away From The Stock Market
Yahoo Finance (6 July 10)

Goldman Sachs Warns on Global Economic Slowdown
Telegraph.co.uk (3 July 10)

China Markets Brace For AgBank IPO Pricing
Reuters (6 July 10)

KKR Nears NYSE With Compensation Details Expected
Reuters (5 July 10)

50 Random Facts That Make You Wonder What In The World Has Happened To America
The Economic Collapse (4 July 10)

China Property Market Beginning Collapse That May Hit Banks, Rogoff Says
Bloomberg (6 July 10)

Gold Charts; Bond Crash; Currency Wars; Subornation of Perjury, and Financial Coup d’état
Jesse’s Cafe Americain (3 July 10)

Monsanto Q3 Profit Declines, But Tops View; Backs 2010 Outlook
TradingMarkets.com (30 June 10)

World Debt

Catherine, Geopolitical, Money & Markets and News & Commentary,

June 28, 2010 at 11:06 am

View Larger Chart

Continue reading Indebtedness After The Financial Crisis

Money & Markets - Week of 6.27.10

Life, Money & Markets, Solari Invention Room, The Solari Report and Top Picks,

June 27, 2010 at 11:06 am

Lloyd’s Curbs Cover For Iran Petroleum Shipments
Reuters (2 July 10)

Economic Data Out Today Suggest Economic Recovery Cannot Continue Without Government Help
The Washington Post (1July 10)

CEBM Warns China Exports And Imports To Decelerate In Q3 And Onward
Zero Hedge (1 July 10)

Howard Davidowitz: U.S. Economy “Is a Complete Disaster”
Yahoo Finance (1 July 10)

China Manufacturing Slows Again Amid Growth Concern
Bloomberg (1 July 10)

China Provinces Raise Minimum Wages to Curb Disputes
Bloomberg BussinessWeek (1 July 10) (1 July 10)

Western Oil Firms Stop Business With Iran
TradeArabia (29 June 10)

BP Potentially More Devastating than Lehman!
Sultans of Swap (July 2010)

Do Hungry People Take Bigger Financial Risks?
Yahoo Finance (29 June 10)

Inter-bank Lending Rates Hit New High
MailOnline (30 June 10)

Warning Signals Of A Double-dip Recession Flash Brightly Across The World
Telegraph.co.uk (29 June 10)

‘Potential Error’ Delays GDP Data
BBC News (29 June 10)

Drunk Trader Banned For Buying 7m Barrels of Oil After Binge
Guardian.co.uk (29 June 10)

The Conference Board Consumer Confidence Index® Drops Sharply
The Conference Board (29 June 10)

The Tortoise vs. the Hares
Yahoo Finance (29 June 10)

Drop Dollar as Reserve Currency, U.N. Report Says
GATA (29 June 10)

Japan Jobless Rate Unexpectedly Rises, Spending Drops
Bloomberg (29 June 10)

Central Banks Should Weigh Ending Stimulus to Avoid Side Effects, BIS Says
Bloomberg (28 June 10)

Winfrey’s $315 Million Tops Forbes Celebrity Income Rankings
Bloomberg (28 June 10)

Central Banks Warn of New Crisis if Exit Left Too Late
Reuters 28 June 10)

Air China to Buy 20 Boeing Planes For $1.4 Billion
Reuters (28 June 10)

Frustrated by Boycott, Station Owners Want BP Help
Yahoo News (27 June 10)

The Third Depression
The New York Times (27 June 10)

Gulf Oil Spill? You Ain’t Seen Nothing Yet
GlobalPost (24 June 10)

Wall Street Hiring Jumps Most Since 2008 as Guarantees Return
Bloomberg (27 June 10)

Ambrose Evans-Pritchard: RBS Expects ‘Monster’ Money Printing by Fed
GATA (28 June 10)

Europe’s Fiscal Dystopia: The “New Austerity” Road
Information Clearing House (27 June 10)

Goldman Sachs Will Repurchase Securities Held by Montana Residents
Great Falls Tribune (26 June 10)

Methane In Gulf Astonishingly High

Catherine, Food & Health, Geopolitical, Life, Money & Markets and News & Commentary,

June 24, 2010 at 2:06 pm

As much as 1 million times the normal level of methane gas has been found in some regions near the Gulf of Mexico oil spill, enough to potentially deplete oxygen and create a dead zone, U.S. scientists said on Tuesday.

Texas A&M University oceanography professor John Kessler, just back from a 10-day research expedition near the BP Plc oil spill in the gulf, says methane gas levels in some areas are “astonishingly high.”

Kessler’s crew took measurements of both surface and deep water within a 5-mile (8 kilometer) radius of BP’s broken wellhead.

“There is an incredible amount of methane in there,” Kessler told reporters in a telephone briefing.

Continue reading Methane In Gulf Astonishingly High: U.S. Scientist

Related reading:

Gasoline Prices Up As July 4th Holiday Approaches
Yahoo Finance (24 June 10)

Methane Earth
World Oxygen Bank

Florida County Tells Feds “Stay Out of The Way!”

Catherine, Geopolitical, Money & Markets and News & Commentary,

June 21, 2010 at 4:06 pm

If you live in Okaloosa County, Florida, or Destin on Florida’s Emerald Coast and are wondering who’s going to be calling the shots if black crude oil comes ashore — wonder no more. It won’t be the federal government.

“I think there’s a fundamental flaw in the federal response,” said Dino Villani, the county’s public safety director.
“When you’re down in the trenches trying to respond like we are, it doesn’t work,” he said.

Continue reading Stay Out of The Way on Beach Protection, Florida County Tells Feds

Related reading:

Visualizing the BP Oil Spill Disaster
If It Was My Home (26 June 10)

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