Stacy Summary: Good morning, y’all! Here are some stories I am reading this morning . . .
The GDP Mirage: The Last Hurrah (Mish)
Battle of the Titans: JPMorgan vs Goldman Sachs (Ellen Brown, Huffpo)
Radical Inequality is Killing Us, Literally (Alternet)
Tags: gdp · mirage · radical inequality
Stacy Summary: I doubt this is anything more than a PR event. Goldman Sachs seems a bit too eager to present themselves as the victims of the crimes they have committed.
Tags: Jibber Jabber
Stacy Summary: I guess this is a case of united we stand, divided we fall?
How the teamsters beat Goldman Sachs
Tags: goldman sachs · teamsters
Stacy Summary: So why exactly are we spending money murdering the ‘pirates’ of Somalia when clearly their wealth is trickling down, just like Goldman’s massive wealth got through holding taxpayer to ransom with threats of economic vioence . . . any difference between the two?
Pirates being blamed for property boom in Kenya
Caymans help Goldman to [...]
Tags: goldman · kenya · one percent tax · property boom · somalia
Stacy Summary: ‘Arson?’ Or, ’simple hedge?’ We’ll be asking Janet Tavakoli this on the Keiser Report in the New Year. In the meantime, your thoughts . . .
Goldman denies betting against its clients on CDOs
Update: (Janet Tavakoli just emailed this in response to the above article)
From her website:
Goldman Sachs recently acknowledged that I warned (using [...]
Tags: betting against · cdos · goldman · shorting
Stacy Summary: Got through the ho ho ho. Here is what I am reading this morning.
Pentagon sees huge savings by replacing contractors with federal employees
Maryland county pushes ahead with casino plans
Tavakoli: Response to Goldman Sachs
Tags: casino · goldman sachs · maryland · pentagon · private contractors · tavakoli
Stacy Summary: As we have said in our radio shows, Goldman basically took out an insurance policy on the US economy and her consumer/citizens and then had every incentive to burn the whole thing down to collect on the insurance money.
Body count from Goldman actions crosses into criminal territory
In addition, the Federal Reserve and [...]
Tags: aig · cdo · fed · goldman sachs · treasury
Stacy Summary: Good morning y’all. Getting ready to record Truth About Markets for today and Truth About Comments for tomorrow. So, let’s have your comments below so we can include it in the show!
Two million Brits take pay cut to keep jobs (not one of them is a banker . . . )
Timmy Geithner [...]
Stacy Summary: It’s the beginning of forecast season. Here are two, there will be many more . . .
Goldman Sachs: zero percent interest rates through 2011
Wiegand: Past the point of no return
Tags: 2010 forecast
Stacy Summary: h/t @gonzomarx
Goldman staff packing pistols to defend against peasants
Tags:
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