You heard it here first

I normally don’t post on Sundays but there is significant news coming out of the “Association of South East Asian Nations” (ASEAN) meetings. The Wall Street Journal states: “After meeting privately with Russian President Dmitry Medvedev, the...

Further update on Iranigans

Yesterday I highlighted the importance of Russian President Dmitri Medvedev’s “State of the State” speech to the Russian citizenry. I was anticipating that he was going to give hints to an opening of the Russian economy to Western investment. The...

Has Wal-Mart climbed over the wall, yet?

Happy Friday everyone! You may have seen that the financial markets snapped a 6 day winning streak. The cause, of course, was that massive bellwether or consumer spending, Wal-Mart (ticker: WMT). While WMT does not normally provide quarterly earnings guidance...

Weighing in: Israel and Russia

Earlier this week I posted an update as to how the Iranigans show down is progressing. Specifically, it looks as if Russia may be ready to sell out Iran. However, Israel still is the wild card in the Iran-nuclear drama. If Israel choose to unilaterally take out...

Let the whining begin

As I predicted whining has begun about reduced pay packages at financial firms bailed out by the U.S. taxpayer. Specifically, AIG’s CEO Robert Benmosche is threatening to step down at a critical juncture in AIG’s restructuring. Primarily he is upset by...

Strength in numbers

Congressional Democrats have put forth proposals that would re-institute restrictions originally enacted during the Great Depression, namely the Glass-Steagall act. The GS act forbade commercial banks and investment banks from merging. Why? To prevent the very crap...