Entries from January 18th, 2010

Doom? No, Marc Faber Just Wants To Talk About Drinking

January 18th, 2010 · No Comments · links

Great video from the “other” Dr. Doom. Sounds like he’s long cheap, potent whiskey from Thailand… the best dialogue starts around 8:30 in, or so.

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Forecasting: Alwaleed, Ur Doin It Rong ($C)

January 18th, 2010 · 1 Comment · bandit

If you are Prince Alwaleed Bin Talal, you probably spend a lot of time thinking about the share prince of Citigroup, perhaps even more than we do here at LOLFed. He’s one of $C’s largest shareholders, has been for years, and so he sometimes gets called on to give his thoughts on where the stock [...]

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Breaking News: $JPM Still Losing Money On Stuff

January 18th, 2010 · No Comments · all ur bankz, jamie dimon

JPMorgan! They reported Friday – quadruple earnings score! But, with bank earnings reports always comes the fail, and it’s hard to forget JPM acquired WaMu and have a lot of mortgages on their books, and that they’ve adjusted the fulcrum on the leverage teeter-totter further from the center than some of their peers. WSJ takes [...]

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Saturday Links!

January 16th, 2010 · No Comments · links

Image fun from alcoLOlics. (At least Timmay isn’t doing his best impression of the cover of Bob Sinclar’s recent album…) Some fun reading for you this weekend: – The Reformed Broker’s guide to getting your share of Bonuspalooza (hint, open a lobster roll kiosk) – 2009 was a record year in the housing market! Umm, [...]

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When The Levy Breaks

January 14th, 2010 · 4 Comments · bailout

Obama: Wall Street, it’s not me, it’s you. And it’s time we broke up. So the administration has decided it’s time to tax the banks. Why do you tax banks? Well, because that’s where the money is (with apologies to Willie Sutton, though that quote is probably apocryphal). Oh, and because you want to create [...]

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