Category Archives: Global Finance

Reports that BP is hiring Goldman Sachs …

Posted on June 14, 2010 by Art Stone

Reports that BP is hiring Goldman Sachs to fend off any hostile takeover because their stock price has fallen if you happen to believe that Goldman Sachs is defacto an agent of the US Government (or vice versa), they have … Continue reading →

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FCIC to Goldman Sachs: “Give us everthi…

Posted on June 11, 2010 by Art Stone

FCIC to Goldman Sachs: “Give us everything you have that we might possibly want” (the FCIC is the Commission that is tasked with finding out why the financial markets collapsed in 2008) GS: Are you sure you want EVERYTHING? FCIC: … Continue reading →

Posted in Global Finance | Comments Off on FCIC to Goldman Sachs: “Give us everthi…

GM is paying the mexican workers $ 26 a …

Posted on June 11, 2010 by 3tooz

GM is paying the mexican workers $ 26 a day ? Thats a little over $3 an hour, unless they are being paid $ 2 siesta time… I wonder if the UAW pays for sleeping on the job..?

Posted in Global Finance | 1 Comment

GM pays $26 per day – to it’s workers i…

Posted on June 9, 2010 by Art Stone

GM pays $26 per day – to its workers in Mexico. Bloomberg reports that Government/Generous Motors is expanding production of small cars in factories in Mexico. What does the UAW think about this now that they are a major stock … Continue reading →

Posted in Global Finance | 1 Comment

“Limiting gold shops” – WSTP-AM in Ste…

Posted on June 2, 2010 by Art Stone

“Limiting gold shops” – WSTP-AM in Stephen’s Point, Wisconsin just had an interesting news item. The City Council is concerned about the proliferation of stores buying gold and wants to create an ordinance to “control” the businesses engaging in trading … Continue reading →

Posted in American Politics, Global Finance, Obama Nation, State of Fear-mongering | Comments Off on “Limiting gold shops” – WSTP-AM in Ste…

The China Repo rate took a large surge o…

Posted on June 1, 2010 by Art Stone

The China Repo rate took a large surge overnight – for those worried about China having problems, this is tangible evidence. This is the 7 day repo rate – very loosely it is similar to a payday loan or a … Continue reading →

Posted in Global Finance | 4 Comments

Memorial Weekend Dump – it isn’t just t…

Posted on May 28, 2010 by Art Stone

Memorial Weekend Dump – it isn’t just the White House – Fitch (one of the bond rating services) waited until after the markets had closed in London to announce their downgrade of Spain’s sovereign debt. On Monday, the US Stock … Continue reading →

Posted in Global Finance | Comments Off on Memorial Weekend Dump – it isn’t just t…

Sovereign debt default is inevitable – s…

Posted on May 26, 2010 by Art Stone

Sovereign debt default is inevitable – so says the head of PIMCO, according to Business Week. Story Things are way past the point of ever hoping for payment in full. “Restructuring” of governments will be forced by the bond holders. … Continue reading →

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Today is the day we have been waiting fo…

Posted on May 25, 2010 by Art Stone

Today is the day we have been waiting for. North Korea’s leader is mobilizing for war. The Euro is plunging to $1.21 @ 5 AM ET), stock futures suggest at least a 2% drop at the opening, LIBOR is zooming … Continue reading →

Posted in Global Finance, State of Fear-mongering | 3 Comments

Today feels earily like September 2001. …

Posted on May 21, 2010 by Art Stone

Today feels earily like September 2001. Following 9/11, the US Stock markets were closed for about a week – when it was time to restart trading, the market was very fearful. That day, and for the next few days – … Continue reading →

Posted in Global Finance, State of Fear-mongering | 4 Comments

Who controls the world… around $360 TR…

Posted on May 21, 2010 by Art Stone

Who controls the world… around $360 TRILLION in financial transactions (loans and derivatives) are based on LIBOR. Once a day, a group of banks submit their offers – the high and lows are discarded, and the average becomes the LIBOR … Continue reading →

Posted in Global Finance | Comments Off on Who controls the world… around $360 TR…

Harry Reid: “We will… bring Wall Stre…

Posted on May 21, 2010 by Art Stone

Harry Reid: “We will… bring Wall Street to a screeching halt”…. or to be more fair “The Joyride” will come to a screeching halt, but I think the former is closer to the truth. Ending private banks and moving control … Continue reading →

Posted in American Politics, Global Finance | Comments Off on Harry Reid: “We will… bring Wall Stre…