Paul Gruenwald, Chief Economist, Asia Pacific at Standard and Poor's Ratings Services, calls China's latest triple-R cut for rural banks a form of "modest monetary easing."» Read More
College students are barely civilized barbarians who are fundamentally lacking in the basic skills required to succeed as human beings.
While black might be the fashion color of choice in New York, the well-heeld group at the World Economic Forum stuck to a more neutral palette of greys, camel and navy.
It's no big surprise that Mr. Rogers likes him some food. In fact, he doesn't come on my show unless I bring out a royal breakfast spread.
Today's theme is chaos.
To begin—quite literally—at the beginning: Chaos was the dark void from which universe arose in classical Greek cosmogony—as Ovid reminds us: "unfashion'd and unfram'd"—containing numberless seeds for the future.
So too of Egypt.
Violence in Egypt increasing: Gunfire breaks out in Tahrir Square. [Wall Street Journal]
ECB keeps rates at 1 percent—despite rising inflation fears. [CNBC via Reuters]
Deutsche Bank tops Goldman Sachs as the biggest spender on Wall Street: DB Bankers got an average 500K last year. [CNBC via Reuters]
Steve Cohen tells investors to relax: SAC capital will not suffer a financial impact as a result of the latest insider trading probe. [FT]
Is El Baradei a credible future leader of Egypt? [Wall Street Journal]
Gallup polls Egyptians & Tunisians about 'wellbeing'. [Gallup—Hat Tip Felx Salmon]
Representing yourself in foreclosure —many have little choice. [NY Times]
IPOs are rebounding. [Bespokeinvest—Hat Tip Abnormal Returns]
The Arab world watches Cairo. [NY Times]
Now that the constitutionality of the individual mandate under the Commerce Clause has come under fire, proponents of Obamacare are attempting to shift the debate onto what they view as friendlier ground—the broader power of Congress to impose taxes.
Ezra Klein sums up this line of argument pretty well :
Admit it: It's fun to game the system.
Not to mention—in this economy especially—everyone needs a backup plan. \(If you require further proof on that point, see our colleague Jeff Cox's terrific article about Bill Gross —for some truly disturbing insights into how screwed up things really are.\)
Governments toppling across the Middle East, riots, floods in Australia, continued banking issues across the globe… none of those “events” have been able to get a sustained rise out of the VIX this year. Should investors care?
Richard Repetto, Principal at Sandler O’Neill Partners was on Squawk Box and said that the VIX, commonly referred to as the “fear gauge” tends to go down as markets go up and over the past year... the S&P 500 has gained about 18-percent while the VIX has declined about 19 percent. In other words, investors tend to be more complacent when they are making money.
Dennis Gartman is back to buying stocks and is "pleasantly long" on the market after bailing out in early April.
With the growth stock wipeout, many investors are now looking to big-cap and value names, and the trend is seen continuing.
Dan Loeb continued his battle with Sotheby's with a new letter promoting his board nominees over the art house's slate.