Interesting Bank Runs
Nat West, The Royal Bank of Scotland and Ulster Bank have not been able to pay out customer’s cash for three days because they claim a three-day computer glitch has affected things. Yeah yeah. The bank run visions I saw nine …
Category: Economy / Money / Gold
Stock Operations Pages –the Markets
In the past you’d buy a share because you thought the company would do well long term, nowadays valuations are all based on how much free money the Federal Reserve is pumping into their mates on Wall Street. They can …
Zucker-Splurge, Billionaire Misers
Mark Zuckerberg, who just made $20 billion on his Facebook stock exchange launch, was in Rome with his new wife. He had lunch in a Kosher restaurant for €32.00, and he didn’t leave a tip, tee hee. 10% is normal …
Definitely the European Instability Mechanism
The European Stability Mechanism (ESM) is a treaty whereby European countries agree to pay the European Central Bank (ESB) whatever it demands, whenever it demands it. The ESM can’t be sued, nor can its employees, and its actions are secret. …
Tracebook, Facebook Flop
The Facebook placing was at $38.00 and it climbed to $45.00 at the off—512 million shares were dumped for a total value of $20 billion. Then the price came down. J.P. Morgan and the other underwriters had to buy the …