From DealBreaker.com (via CrossingWallStreet):

Goldman Sachs just revealed in an SEC filing that its traders made money on every single trading day last quarter, a record for the firm. Net revenue for trading was $25 million or higher in all of the first quarter’s 63 trading days with 35 of those days bringing in more $100 million, according to the filing.
That’s pretty amazing. They didn’t have ANY down days? How is this possible? Is the new Goldman Sachs playing it safe? I thought they were doing high risk trades? Were they …

Today somebody in the chat forum tried to politely say I was biased towards the Euro and hence could not see with clarity. I would say, first I am contrarian and will rant about things.
But secondly and more importantly, I am trying to point out the hypocrisy.
First let’s start with the Greek crisis. The media was saying, the crisis will take down the Euro zone. I was one of them.
Greece’s debt crisis is the biggest credibility test the euro zone has faced since the single currency was created.
…
Neither measure …

The media is going to say that the CDU lost because of Greece, the bail out and the airwaves are going to go on, and on, and on about this. But you need to look at the facts much closer.
First look at the winners and losers:

Look at the results. The CDU, and SPD are the big losers. Also remember that the SPD are a 50 year low. Thus the discussion between the CDU, and SPD is completely beside the point.
Here is what has happened to the SPD throughout the …

Trying to figure out what to think about this: (from BusinessWeek)
The Nasdaq said after markets closed that it will cancel all trades of stocks that moved more than 60 percent from their price at, or immediately prior to, 2:40 p.m., when the slide started. The cancellation applies to trades executed between 2:40 p.m. and 3 p.m.
Were there true “errors” leading to these trades (e.g. running trades that weren’t placed, or trades triggered because a stocks price was listed incorrectly)? Or were there just a bunch of people with stop losses …

Everybody thinks that the Greek demonstrations will continue. I am going to say they will slow down dramatically. Reason?
In einem tödlichen Inferno eskalierten die Proteste in Griechenland. Der Ministerpräsident zeigt sich bestürzt über den Tod dreier Menschen. Eines der Opfer war offenbar eine schwangere Frau.

Let me translate. The demonstrators went heavy with the violence. The police stepped back and used minimal violence. The demonstrators then broke into the bank and set the bank on fire using molotav cocktails. It was at that point that three people became trapped. The firemen …

So here we go Portugal is placed on review for downgrade.
Moody’s Investors Service said it has put Portugal’s Aa2 government bond ratings on review for possible downgrade, while the government’s Prime-1 short-term rating was affirmed. Moody’s expects that, in the event of a downgrade, Portugal’s Aa2 ratings would fall by one, or at most two, notches. The review of Portugal’s ratings — which had been on negative outlook since October 2009 — is expected to conclude within a three-month time horizon. Moody’s believes that increased risk discrimination in the financial …

I can accept things when they are bad news, or problematic. But I can’t accept things when there is no real reason. The Euro Drop is such an example. 200 pips in a day? That is a 0.2% percentile action. What that tells me is that something is at hand.
The typical response is “Greece”. Really I thought that was ok. Oh now the comment is that these measures will kill Greece. Wow, now that is interesting, give them money you are not solving problems. Make them accept austerity measures and …

Image by Getty Images via Daylife

I’ve been reading Paul Krugman’s blog at NYTimes.com daily. Paul won a Nobel Prize for economics, so obviously a smart guy. He’s very thoughtful and always bases his opinions on research and current economic thought.
I basically defer to this guy on all economic issues like finance reform, the Greek Economy, the Euro, and the economics of Health Care Reform.
Make sure you also check out his larger “columns” which are featured elsewhere on the site. There is usually a list of current/popular ones in …

I have been a very very vocal critic of Greece and how I thought they were incapable of tightening their belt. Well I stand corrected!
Greece from what I see I have to say, “thank-you you are showing the kind of metal you are made off. As a Eurozone citizen I am impressed and will support you to the teeth.”
People are still sceptical and think Germany will hemm and haw on this. Folks you don’t understand Germans. If Germans can push their point across and the other side is in an …