Great overview and background on Gold as a Commodity over at Crossing Wallstreet. The summary for current investors is… My view is that the Federal Reserve will raise interest rates earlier than expected. I don’t know exactly when that will be but it will put gold on a dangerous path. For now, my advice is (more…)
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 (more…)
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 (more…)
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 (more…)
Via blog.xplana.com: Personally, I think this is a little conservative… though kids and professors on campuses would probably know more about how motivated professors are to switch to digital textbooks. What I do know is that no one likes spending $100 for a textbook and my professors were always empathetic to this. Obvious investment plays (more…)
There is a great QA with Herb Greenberg over at TheKirkReport. A few snips from the article: … Kirk: For good or for ill, how do you see financial journalism evolving with the use of blogs and other social media? Herb Greenberg: The good: Leveling the playing field with an enormous amount of information. Bad: (more…)
Christian no longer crossposts here, but he’s still an investor geek, blogging great stuff over at his blog at devspace.com. Here are a few articles I found interesting: Why “You Should Have Known Better” Does Not Cut It! Why The Republicans are Wrong To Block the SEC! Why We Are Not Buying Apple IPads WRT (more…)
I am currently reading The Snowball: Warren Buffett and the Business of Life in bits and pieces. It’s very entertaining. This is not the type of book I would normally purchase or maybe even pick up at the library. I’m as interested in Warren Buffet as anybody, but this thing is pretty thick and daunting. (more…)
I haven’t touched an RSS feed/reader in over a year, but I’m getting back into Google Reader… trying to bring interesting things to your attention. Anyway, this guy emailed us a while ago with his list of the best 100 Finance RSS feeds. Obviously link bait, but the list is decent. I’ll add some of (more…)
I wanted to comment briefly on the whole Goldman Sachs thing. The accusation, if you aren’t familiar, is that Goldman, with the help of or on behalf of John Paulson, created these mortgage CDOs that were basically setup to fail. That would allow John Paulson and Goldman to short the CDOs while at the same (more…)
