http://www.cnbc.com/id/38255206 World at Risk of Folding in on Itself: Deputy Doom
Friday, July 16, 2010
Thursday, July 15, 2010
Wall Street Reform Bill passes – Goldman fined 550M
http://news.yahoo.com/s/ap/us_financial_overhaul;_ylt=AurfNYgWXRUmAoGwT3cReVKs0NUE;_ylu=X3oDMTNsNWpwZWpsBGFzc2V0A2FwLzIwMTAwNzE1L3VzX2ZpbmFuY2lhbF9vdmVyaGF1bARjY29kZQNtb3N0cG9wdWxhcgRjcG9zAzEEcG9zAzIEcHQDaG9tZV9jb2tlBHNlYwN5bl90b3Bfc3RvcnkEc2xrA3NlbmF0ZWNsZWFycw--
WASHINGTON – Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees.
A year in the making and 22 months after the collapse of Lehman Brothers triggered a worldwide panic in credit and other markets, the bill cleared its final hurdle with a 60-39 Senate vote. It now goes to the White House for President Barack Obama's signature, expected as early as Wednesday.
http://www.businessweek.com/news/2010-07-15/goldman-sachs-to-pay-550-million-to-settle-sec-suit.html July 15 (Bloomberg) -- Goldman Sachs Group Inc. agreed to pay $550 million and change its business practices to settle U.S. regulatory claims it misled investors in collateralized debt obligations linked to subprime mortgages.
EES – PFG Webinar Archive
Topic: Automated Forex Systems for Spot FX-20100701 2033-2 Recording date: Thursday, July 1, 2010 4:15 pm Central Daylight Time (GMT -05:00, Chicago) Panelist Information: Elite E Services Duration: 42 mins
Overview:This presentation will explain how to use automated Forex systems in spot FX using the MT4 trading platform and the advantages of using a system vs. not using a system. We will cover an actual trading system, the DRS system; offered by Elite E Services FX; a registered CTA. This system, after explanation, will be available for lease or purchase to anyone interested.
Wednesday, July 14, 2010
Roubini to Obama: Stop kicking the can down the road
"We have to recognize that Americans are adults," Roubini said during a radio interview with Tom Keene on Bloomberg Surveillance. "Then we have to speak to them straightforward about the risks and challenges that we have, rather than kicking the can down the road."
Wednesday, July 7, 2010
“It’s T Time” – EES Releases DRS T for EES FX Subscribers
New features in DRS T:
- Individual vs. Group trailing stops
- Multiple trend entry filters (Bulls/Bears – Least Squares – Polynomial)
- Percent account lot size calculation
- Account protection
- Dynamic trailing stop
http://eesfx.com/portal/31-drs-t/148-drst-v2-new-version-good-results.html
http://eesfx.com/portal/31-drs-t/142-drs-t-live-demo-test.html
Information about DRS T is available free at http://eesfx.com – use of the EA is for subscribers only.
Tuesday, July 6, 2010
Sunday, July 4, 2010
Tuesday, June 29, 2010
Russian spy blunder – wrote down passwords
http://news.bbc.co.uk/2/hi/world/us_and_canada/10446390.stm The funniest aspect of the careers of the 10 alleged Russian "agents" arrested in the US is how inept they were - and how apparently unsuccessful.
They have not even been charged with espionage, only with not registering as agents, or representatives, of a foreign government and with money laundering.
…Another couple, "Donald Heathfield and Tracey Foley", the "Boston Conspirators", also seem to have been doing rather too well. Their accounting of $64,000 (£42,500) given to them reads like the expenses of a British MP - "meals and gifts $1,250"; "education $3,600"; "business (cover) $4,900" etc.
http://www.bloomberg.com/news/2010-06-29/u-s-espionage-claims-recall-cold-war-spy-mania-russian-government-says.html The U.S. Justice Department's claims that it broke up a Russian spy ring are "regrettable" and reminiscent of the Cold War at a time when relations are improving, Russia's Foreign Ministry said.
"Such actions are completely unfounded and serve unseemly goals," the ministry said today on its website. The allegations are "in the spirit of cold war spy mania," according to the statement.
YOU SPYING ON ME? - 'Invisible ink', coded messages... - Ring's 'femme fatale'... - Moscow calls claims 'baseless and improper'... - Busted!
FBI used high-tech spycraft...
Sunday, June 27, 2010
EES releases MT4 trade replicator
EES announces the release of MT4 trade replicator, which allows the replication of trades from one MT4 account to another. It will be included in the EES FX subscription for $99/month, including other EES strategies. For more information, click here: http://eesfx.com/portal/elite-expert-trader/ees-trade-replicator.html
Thursday, June 24, 2010
Yen, Dollar Strengthen on Speculation Global Economic Recovery Sputtering
http://www.bloomberg.com/news/2010-06-24/japanese-yen-advances-as-federal-reserve-data-fan-concern-growth-falters.html The yen and the dollar gained against most major counterparts as signs the global economic recovery is faltering fueled demand for the safest currencies.
The Japanese currency remained the top performer among the most-traded currencies even after data showed U.S. jobless claims declined last week. Stocks fell on concern Europe's debt crisis is worsening. Federal Reserve officials said yesterday financial conditions have become "less supportive" of growth and a report showed new home sales fell in May to a record low.
"People are still sort of weary to put on new risk positions, so you're seeing things drift into the safe havens," Brian Kim, a currency strategist at UBS AG in Stamford, Connecticut. "In the times of low risk sentiment, the yen does well, the dollar does well."
Wednesday, June 23, 2010
Gulf beach property market collapse
http://www.cbsnews.com/stories/2010/06/23/business/main6611141.shtml
(AP) This was the year, Alicia Hollis and her fellow real estate agents thought. After a nasty batch of hurricanes and the bursting of the housing bubble, this was the year that condo sales along the Florida Panhandle's brilliant white beaches were going to rebound.
Then came the oil - or more accurately, the mere threat of oil.
Special Section: Disaster in the Gulf
Though most of the Gulf Coast remains free of tar balls, sheen and sludge from the spill in the Gulf of Mexico, owners and agents say the disaster has still stained a showcase piece of the real estate market.
It's the third sucker punch in six years for property owners, many of whom were depending on rental units to fund their retirement. State lawmakers are looking to let homeowners off the hook on some of their taxes, hoping to pass the cost along to BP.
But things won't get better as long as images of oiled sand keep buyers away.
"We can sell places in town - people need a place to live - but the beach: look how empty it is," said Hollis, who's been selling homes in the Panhandle since 1973. "It's so heartbreaking."
Hollis' agency based on Okaloosa Island, where rows of condos line the beach, typically sells six or seven units a month. It hasn't sold a single beachfront property since the Deepwater Horizon rig exploded off the Louisiana coast April 20. No one is even looking, she said.
More Oil Spill Coverage
Thick Pools of Oil Wash Up on North Fla. Coast
BP Removes Oil Well Cap after Gas Mishap
New Drilling Regulator Promises Investigations
Joe Barton Keeps GOP Leadership Role
Judge Who Tossed Drilling Ban an Oil Investor
Man claims to find oil in oyster at Cornelius restaurant
http://lakenorman.wbtv.com/content/man-claims-find-oil-oyster-cornelius-restaurant
CORNELIUS, NC (WBTV) - A man says he found oil inside his oysters while eating at a restaurant located north of Charlotte this weekend.
Matthew Robertson is fascinated at the thought that an oyster from the Gulf Coast that was possibly soaked in oil made it onto his dinner plate.
"I rubbed it on my napkin and I said 'Hey, Dad look, there's oil on my oysters,'" said Robertson.
Matt Simmons: Evacuate Gulf States
http://www.washingtonpost.com/wp-dyn/content/article/2010/06/22/AR2010062205391.html?hpid=topnews "We're going to have to evacuate the gulf states," said Matt Simmons, founder of Simmons and Co., an oil investment firm and, since the April 20 blowout, the unflagging source of end-of-the-world predictions. "Can you imagine evacuating 20 million people? . . . This story is 80 times worse than I thought."