The EU Observer has come up with a very good question: Why are those who caused the financial crisis are now consulted by the EU Commission in order to come up with a solution? I may add the question: Why are the bonus-greedy destroyers of global prosperity are still on their jobs at all? ... Re ... Read more

FINTAG COMMENT Vanity. "Need we wonder if even for a moment it ever occurred to them that rich people have feelings too?" Tom Wolfe, London Evening Standard (free edition - normally 50p) 11 May 2009. Novelists are great commentators. They see the world differently and none more so than t ... Read more

These 30 minute charts show how extended some of the markets have gotten, but shorting into this momentum has not made sense for more than quick intraday trades. Most interesting now will be if the financials can hold above the prior resistance at 9.75. ... Read the full post ... Read more

Wednesday, March 25, 2009 FINANCIALS June T-Bonds and June T-Notes are expected to open lower today based on weaker overnight trading. Despite the fact that the Fed will begin to buy treasuries today as part of their quantitative easing plan, the markets are called lower. It looks as ... R ... Read more

Travelers (TRV) reported what looked like pretty good numbers for a financial institution. They actually made money. Quite refreshing under the circumstances. But just take a look at how they go about telling you that they had some losses in investment portfolio. First they say ... Read the full ... Read more