Posts Tagged “banks”

A New Year’s Hangover

0 | By Shah Gilani

It’s not even New Year’s Eve yet, and I’m already thinking about hangovers.

(Not mine, of course. I don’t drink any more these days. Then again, I don’t drink any less, either.)

Today I’m thinking about how the world is going to look and feel in the coming year, how the markets might react to likely events, and what might be shining over the investing horizon in 2012.

No matter how optimistic my nature is, and how hopeful I am that global issues will be addressed and eventually fixed, the truth is that it’s always darkest before the dawn.

Another way of saying that is, if you’re going to drink to excess, you’re going to suffer with a hangover. And the more you drink – and especially if you mix your drinks – the more likely it is you’re going to suffer the ill effects of too much indulgence. (At least that’s what I’ve heard.)

Is that some kind of metaphor, you ask? Of course it is – have you been drinking?

Why this “hangover” is here to stay…

Occupy Wall Street, Consider This My Gift to You…

2 | By Shah Gilani

Out of far left field, I see something coming that I never expected.

It’s more like the coming together of pieces of a puzzle that have eluded us for too long.

By the way, Occupy Wall Street, if you’re listening, and I hope you are, and you’re still floundering (which I know you are) without a cause that anybody can really wrap their heads around, drop your drums, chants, and wanderings, and make the coming together of this puzzle what you’re protesting.

And make what could result what you are demanding.

Because, really, this could be the mother lode…

Those “New” E.U. Fiscal Rules Aren’t So New

2 | By Shah Gilani

Very soon we will see if the old market adage “Buy the rumor, sell the news” is true.

While rumors of Europe’s impending demise were momentarily shot down by an array of silver bullets, the actual news out of Brussels of a grand bargain wasn’t… exactly… honest.

Let’s call the half-measures agreed to by European leaders “Brussels sprouts,” because they’re more like “green shoots” than a cabbage patch panacea.

The leaders agreed to agree that they needed an agreement on how to more closely integrate their fiscal and monetary interests.

Yeah, that’s what they said. I say good luck with that.

Actually, they made some other moves, too.

Find out what else these European “leaders” did…

Too Little, Too Late (and a Jab at the Oracle)

1 | By Shah Gilani

Dear Reader,

In yet another sign that markets are broken, yesterday’s huge market advance came on the heels of two presumably separate (yeah, right) central bank moves.

Both were designed to add liquidity and support to shaky and dangerously deteriorating markets.

(That was good news?)

First, China lowered the reserve ratio its banks have to hold against loans they make. They didn’t do that because things over there are rosy. They did it because the property market is teetering and financing has been drying up.

Full story here…

Dangerous Liaisons and Dirty Laundry

4 | By Shah Gilani

Have you seen the six-month price chart for the Dow Jones Industrials Average, the S&P 500, the NASDAQ Composite, the U.K. FTSE 100, the German Xetra (DAX), the Hong Kong Hang Seng Index, the French CAC 40, the Milan FTSE MIB, the Australian S&P ASX 200, or the Shanghai Composite Index?

I’ll make it easy for you.

If you haven’t seen any of them lately, check out one of them – any one.

It doesn’t matter which one, because – really frighteningly – they all look remarkably alike.

Talk about dangerous liaisons!

Full story here…

What’s Challenging Democracy Today

0 | By Shah Gilani

A referendum? In Greece? Are you kidding me?

As my 16-year-old nephew Nathaniel says, “What the…?

Apparently, that’s a popular statement of surprise in his southern California surf town. The first time he said it, I was flabbergasted, thinking he was going to finish that well-worn exclamation with a bad word. But it works better his way…

What isn’t going to work is George Papandreou’s call for a referendum.

He wants the Greek people to decide if they want to tighten their belts so much that they’re willing to starve themselves to death for the sake of paying back the IMF and their European neighbors.

Why his move hurts everyone…

These Three Men Represent Everything That’s Wrong with Wall Street

9 | By Shah Gilani

I’ve already expressed my desire to embrace the Occupy Wall Street movement.

I said last week that I would join in whole-heartedly if I knew exactly what the protesters were trying to achieve.

But I don’t know – and I’m not convinced they do, either.

Still, that doesn’t mean we should dismiss them entirely. After all, there are millions of Americans who sense there’s something terribly wrong with our capitalist system, but they can’t pinpoint exactly what it is either.

But I can…