The New York Post reported over the weekend that Wall Street is opening its wallet to dampen or outright kill off Dodd-Frank regulations which many say will hurt the economy and damage financial institutions' profitability. What I don't get is why...
Shoot the messenger. So now that Italy's stock market is tumbling and its bonds are being sold off in a growing European Debt crisis, what do Italy's powers-that-be do? Crack down on short sellers! In 1997 I began writing a short-selling column...
Well, there is trouble in paradise. According to Brad Hintz, a senior analyst at Bernstein Research and a respected industry expert, "lackluster trading volumes and difficult market conditions constrained trading revenues in the second quarter."...
SeekingAlpha.com has an interesting article today: Basically, the gub'ment (say in your best Michigan Militia accent) owns the student loan market and has been puming liquidity into the system setting up a mortgage-like bubble. How to play the co...
And those financial advisor mistakes are a lot like their clients' errors. That is, the wealthy do not save. Doesn't surprise me. We've noticed that even high-end financial advisors don't heed their own advice. FAs, like their clients...
I tend to read research by Brad Hintz, a senior analyst at Bernstein Research in New York, very carefully. He covers the financial services sector and what sets him apart is that he once was the CFO for Lehman Brothers back in the day. (Hintz was...
Peter G. Peterson, the co-founder of BlackStone Group,has been ranting about this problem for years. Alas, mostly his warnings have fallen on deaf ears. Pimco's Bill Gross ...
You can file this under unintended consequences of well-meaning but misguided politicians. "
Deutsche Bank calculates that a 3% capital buffer for (too big to fail) banks…could shear 45 basis points off GDP."
