How to Get a Pipeline Built – Revisited
This is a post that was originally written in 2007.
There are regularly stories in the media or in the blogosphere about various pipeline projects that are announced with much publicity, and are seen to have major strategic consequences, or conversely ...
UBS Reports Stronger-Than-Expected Second-Quarter Earnings
Filed under: Earnings ReportsSwiss bank UBS (UBS) reported Tuesday it earned 2 billion Swiss francs ($1.9 billion) -- far better than the loss of 1.4 billion francs in the same quarter last year. Results also easily beat the consensus estimate. Further...
Personal Bankruptcy in America
Giant graphic of information, courtesy of Billshrink:
click for ginormous graphic
Newsbreak
Joshua Brown over at The Reformed Broker has a wry post on all the news items that the media (including the blogosphere) remains obsessed with, but which the markets no longer...
Should European banking bosses keep their mouths shut?
PR firm Hill & Knowlton has begun to dabble in an arena usually reserved for its banking clients: modelling.As the Gorkana PR service reported on Thursday:Hill & Knowlton...
The Obama-Volcker remarks in full
REMARKS BY PRESIDENT BARACK OBAMASUBJECT: ADDITIONAL REFORMS TO THE FINANCIAL SYSTEMTHE DIPLOMATIC RECEPTION ROOM, THE WHITE HOUSE, WASHINGTON, D.C.11:39 A.M. EST, THURSDAY,...
The (F)utility of GDP?
Interesting argument here by Richard Posner on the (f)utility of GDP.
Money shot:
But it is necessary to emphasize that it [GDP] is just a starting point. I disagree with economists who say the “recession” ended in the third quarter. The depression (as I think we should call it if only because of its enormous potential political...
Austrian bank collapse furthers fears of contagion
The Austrian government has nationalized the insolvent bank Hypo Group Alpe Adria (HGAA). The financial institution, which has 40 billion Euros in assets, is the country’s sixth largest bank. But, in relative terms, this is a very large bankruptcy – using GDP at purchasing power parity, an American HGAA would have assets of $2.5 trillion,...
The Greatest Deception in the History of Finance
What is the greatest deception in the history of finance? Depending upon your perspective, some entities and events of deception that come to mind might include corporate accounting scandals, rogue traders, Ponzi schemes, and various entities and events related to the financial crises (market bubbles) throughout history.
“The greatest hazard of all, losing one’s self, can...
Information and Crude Complexity
This is a guest post by WebHubbleTelescope.
Scientific theories get selected for advancement much like evolution promotes the strongest species to survive. New theories have to co-exist with current ones, battling with each other to prove their individual worth [Ref 1]. That may partly explain why the merest mention of "theory" will...
American Express is in an uptrend
Filed under: American Express (AXP), Stocks to Buy
With American Express Co., (AXP), it's best to look down the field, i.e. think long-term, which is why I'm reiterating my Buy rating for the company, first recommended on April 27, 2009 at a price...