Gold Stocks Today » Banking

Banking on Your Phone

Patrick Cox — Fri, 03 Feb 2012 21:05:58 +0000

America has lagged behind much of the world in terms of digital wallets. Elsewhere, people routinely use phones instead of credit cards. There are several reasons for this. Partly, it is because North America saw mobile phones so early. When other regions finally rolled out mobile phones, infrastructures were more modern. The larger reason, however, [...]

Banking on Your Phone originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Who’s Still OK With Deficit Spending Now?

Chuck Butler — Thu, 02 Feb 2012 17:01:36 +0000

I had to laugh yesterday when the New York traders came in and didn’t sell the currencies right away… I said to myself, “Self, maybe the ‘big boys’ read the Pfennig and now know that I’ve uncovered their ‘game,’ so they have to lay low for a while!” HA! Whatever the case, the currencies held [...]

Who’s Still OK With Deficit Spending Now? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Goldman Sachs is a “Sell”

Eric Fry — Wed, 01 Feb 2012 18:21:04 +0000

For once, we agree with the insiders at Goldman Sachs. The company’s stock is a “Sell.” Okay, so the insiders didn’t exactly say their stock is a “sell,” but they didn’t need to. Their feet did all the talking. Last week, nine Goldman insiders scurried away from their stock as fast as the law would [...]

Goldman Sachs is a “Sell” originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Creating More Debt to Solve the Crisis

Bill Bonner — Wed, 01 Feb 2012 17:17:59 +0000

Readers who expect an early end to this Great Correction are going to be disappointed. There is no sign of it reaching its conclusion anytime soon. Just the contrary…there’s no end in sight. The Great Correction seems to be going along just as you’d expect. Or, just as we’d expect. Here’s the latest from Reuters: [...]

Creating More Debt to Solve the Crisis originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Goldman Sachs is Probably Not a “Buy”

Eric Fry — Tue, 31 Jan 2012 22:15:23 +0000

“I don’t know much about the stock market,” says Matt Taibbi, the witty critic of Goldman Sachs and other financial atrocities, “but when the O’Neills of the world start telling me what a great investment opportunity the American stock market is, I start getting the urge to buy canned food.” The specific O’Neill that Taibbi [...]

Goldman Sachs is Probably Not a “Buy” originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Trends that Won’t End

Addison Wiggin — Mon, 30 Jan 2012 22:01:52 +0000

U.S. taxpayers have lost $133 billion from TARP — the abominable acronym inflicted on us by former Treasury Secretary Hank Paulson — a new report out this morning shows. We begin another week pulled in two directions: In one direction lie unresolved failures in policy… and the mayhem it has wrought in the financial system. [...]

Trends that Won’t End originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

How Ben Bernanke Rationalizes “Exceptionally Low” Interest Rates

Joel Bowman — Thu, 26 Jan 2012 21:54:42 +0000

Anything happen in the markets yesterday? To tell the truth, we forgot to check. Let’s have a look now, then… Dow up by 80-something points. A barrel of the world’s currently-preferred energy sits pretty at $100, on the nose. Nothing much, in other words. Ooh…but here’s something: “Gold extends post-Fed rally to 6-week high.” MarketWatch [...]

How Ben Bernanke Rationalizes “Exceptionally Low” Interest Rates originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Gentlemen, Start Your Printing Presses!

Eric Fry — Wed, 25 Jan 2012 16:00:53 +0000

Whoops!…Oh dear!…It looks like Ben fell off the wagon again! Such a shame. He had been doing so well ever since he put that bottle of “Old Q.E.” back on the shelf last June… and got sober. But a few weeks back, he tripped up on his 12-step program and started nipping at the bottle [...]

Gentlemen, Start Your Printing Presses! originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Of Bankers and Ship Captains

Bill Bonner — Wed, 25 Jan 2012 16:00:42 +0000

Will no one rise to the defense of Captain Francesco Schettino? No? Then we will! The poor man is calumnied as a pusillanimous incompetent. Just because he hit a rock. Heck, anyone with a ship that big could hit a rock. And the rock wasn’t s’posed to be there! This incompetence charge is completely baseless. [...]

Of Bankers and Ship Captains originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

A Real Stress Test: Could Any Major Bank or Developed Nation Survive?

Bill Bonner — Fri, 20 Jan 2012 18:30:26 +0000

Last week, Spain and Italy were able to offload 22 billion euros worth of debt. This quieted investors’ fears. Newspapers reported that calm and confidence had returned to the markets. Lenders and borrowers breathed more easily. Bankers put their feet up. Apparently, no major bank in Europe was so far underwater that the European Central [...]

A Real Stress Test: Could Any Major Bank or Developed Nation Survive? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.