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Todays economic news.

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togafoot
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Re: Todays economic news. [#permalink] New post   24 Jan 2008, 15:48
trader1 wrote:
the rogue trader story is likely a cover for SocGen making bad bets on SIVs and related derivatives. how do you keep investors with your bank? you blame it on a rogue trader!


Nick Leeson - famous forever!!!
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Re: Todays economic news. [#permalink] New post   Updated on: 24 Jan 2008, 16:01
I don't think we're talking about the same Hyde Park, togafoot. The one in Chicago is a lot less tony than the original in London. :)
togafoot wrote:
Hyde park is Great. One of the royal parks, Bayswater, Kensington, Lancaster gate ( Home of the F.A.) surround it. The Albert Hall, great operatic theatre is on the edge of it, and its next to Kensington gardens, another royal park.
It`s one of the most sought after areas to live in, so extremely expensive.

And folks, don't forget Calyon pulled the same "rogue trader" stunt a few months ago to cover about 400mm of losses in structured products! Maybe SocGen and Calyon hired the same spin doctors!

https://www.dealbreaker.com/2007/10/post_537.php

Originally posted by solaris1 on 24 Jan 2008, 15:53.
Last edited by solaris1 on 24 Jan 2008, 16:01, edited 2 times in total.
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togafoot
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Re: Todays economic news. [#permalink] New post   24 Jan 2008, 15:54
British sarcasm :wink:

solaris1 wrote:
I don't think we're talking about the same Hyde Park, togafoot. The one in Chicago is a lot less tony than the original in London. :)


Did you know Central Park (NYC) is a copy of my home town park... Birkenhead park.
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Re: Todays economic news. [#permalink] New post   24 Jan 2008, 15:57
The one in Milton Keynes? :-D

togafoot wrote:
British sarcasm :wink:

solaris1 wrote:
I don't think we're talking about the same Hyde Park, togafoot. The one in Chicago is a lot less tony than the original in London. :)


Did you know Central Park (NYC) is a copy of my home town park... Birkenhead park.
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Re: Todays economic news. [#permalink] New post   24 Jan 2008, 23:36
riverripper wrote:
I sure hope that guy wasn't a Kellogg grad...

No, he wasn't.

https://www.linkedin.com/ppl/webprofile? ... o_viewmore
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Re: Todays economic news. [#permalink] New post   25 Jan 2008, 08:52
I recommend reading this:

HOW REAL WAS THE PROSPERITY?
https://www.businessweek.com/magazine/co ... ries_ssi_5
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3underscore
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Re: Todays economic news. [#permalink] New post   25 Jan 2008, 14:16
Economic crisis or not, there is one thing that is clear as day to me at the moment. Banks are doing a mix of very specific hiring, or cutting in big numbers.

This is not the perfect time to be going on a summer. And this is the first time I have expressed concern about the picture. It is getting very ugly.
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Re: Todays economic news. [#permalink] New post   25 Jan 2008, 17:05
Goldman May Fire 1,500 Workers in Annual Review

https://www.bloomberg.com/apps/news?pid= ... er=finance

Banks May Need $143 Billion for Insurer Downgrades

https://www.bloomberg.com/apps/news?pid= ... refer=home
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Re: Todays economic news. [#permalink] New post   25 Jan 2008, 17:25
trader1 wrote:
Anyone follow Peter Schiff?


Excellent article. thanks trader1. +5.

I am a huge fan - this guy was dead on about the housing problems and the recession. I have been reading up on Jim Rogers and Ron Paul as well. It is difficult to trust any advice given out on Wall Street, but Peter Schiff comes very very close. Listening to Cramer 'feels' good because he speaks to the illiterates amongst us, but I am not sure if I can trust him that much.

trader1, I have been following your posts with great interest. If you think our community would benefit from having a dedicated forum for anything investing, I would be happy to set one up for you and others.
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Re: Todays economic news. [#permalink] New post   25 Jan 2008, 17:53
Praetorian wrote:
trader1 wrote:
Anyone follow Peter Schiff?


Excellent article. thanks trader1. +5.

I am a huge fan - this guy was dead on about the housing problems and the recession. I have been reading up on Jim Rogers and Ron Paul as well. It is difficult to trust any advice given out on Wall Street, but Peter Schiff comes very very close. Listening to Cramer 'feels' good because he speaks to the illiterates amongst us, but I am not sure if I can trust him that much.

trader1, I have been following your posts with great interest. If you think our community would benefit from having a dedicated forum for anything investing, I would be happy to set one up for you and others.


Actually, a forum on investing/trading/markets (whatever seems most appropriate) would be a good idea to allow folks to exchange different ideas and/or learn more about investing in markets.

Schiff has been on point. Been following him since 2005. Rogers is legend. As for RP, I love the guy. Most honest and sincere candidate out there.

If you like Schiff, you might like Jim Sinclair, one of my mentors. You can find him at https://www.jsmineset.com. He's a bit more, how can I say, eccentric than most financial commentators. However, his credentials and track record are not too shabby. Former Wharton b-school student, but dropped out.

Oh, and as for Cramer.... https://www.youtube.com/watch?v=SGkrNJ19DSU
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Re: Todays economic news. [#permalink] New post   25 Jan 2008, 18:11
trader1,

OK, I just created a sub-forum creatively titled Financial Markets in the B-School Life section. Feel free to participate. I will move some posts there. thanks for your contributions.

Good recommendations. I will update my reading list.
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Re: Todays economic news. [#permalink] New post   25 Jan 2008, 21:46
Quote:
Peter Schiff Named Economic Advisor to the Ron Paul 2008 Presidential Campaign

FOR IMMEDIATE RELEASE Contact: Jesse Benton

January 25, 2008 (703) 248-9115

ARLINGTON, VIRGINIA – Newly appointed Ron Paul economic advisor, Peter Schiff, issued the following statement about Dr. Paul’s proposed comprehensive economic revitalization plan:

“We need a plan that stimulates savings and production not more of the reckless borrowing and consumption that got us into this mess in the first place. Ron Paul’s plan is the only one that amounts to a step in the right direction. If you want meaningful change - for the better that is - Ron Paul is the only candidate capable of delivering it. The others merely promise to continue the failed policies that are at the root of our current economic problems.”

Peter Schiff is president of Euro Pacific Capital Inc, and a frequent guest on CNBC, Fox News, and Bloomberg Television. He is often quoted in major financial publications and is the author of the book Crash Proof.

In the past Peter Schiff said the following of Dr. Paul: “Ron Paul is the real deal, a true statesmen and citizen politician in the traditions envisioned by the framers of our Republic.”

Mr. Schiff is available for interviews regarding Congressman Paul’s economic policies.

Congressman Paul’s comprehensive economic revitalization plan can be found online at: https://www.RonPaul2008.com/Prosperity
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Re: Todays economic news. [#permalink]
25 Jan 2008, 21:46
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