What is very disturbing is that firms such as BlackRock
.....ie today CEO Fink on Bloomberg was discussing his
importance of not utilizing public means to
discover prices on an exchange as such....particularly
fixed income securities....
Fink did not seem to have a clue ....as his firm...
What is really happening to the US is a Summers ego flawed thinking problem...
Geithner...Bernanke....Summers.....must go....
Summers was selling flawed derivative products after Bear Stearns fund problems to large sovereign funds....
Just because he was groomed for the job....he has...
GS should go private....
Then partners' skin in the game will happen.....and accomplish what Volcker sees....
As should MS, JPM...etc...and like firms....
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Skin in the game....solves the issue....
This is easy....
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Of course the next step in the US is going to be an ADD ON VAT TAX....
No ifs...ands ....or buts....
This is the next inevitable step...
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In the past ....that is correct....I like Rogers....
The point being is that results used to be known.....now they are not....
How can one know....what they do not know ?????
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Who wants...
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It does not matter if it is Rogers...Obama....whomever....
As long as the solution is correct.....
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Simple speak.....
The old economy was $70 Trillion.....largely due to credit....
The new...
No doubt that Rogers has become a pundit that sells books....but on this one ....he is 1000000% correct....
For what justifiable reason does the US Govt. have the right to:
Transfer the future wealth of America's great grandchildren ahead of time to those in error....?????
Just...
http://www.ft.com/cms/s/0/0709a7c6-9f02-11de-8013-00144feabdc0.html?nclick_check=1
New York has earned its current lack of trust....and although this firm BlackRock has its rights....it does not have the right to turn a public product into a private product....
What the market needs is a...
It´s funny how change occurs....
Oh...one would never take 50% less in salary....yeah ?
This is exactly what the US Govt. itself has to do....
It cannot become the largest part of the total economy....
It needs to be no more than 7%.....certainly no more than 10%...
Would it not be interesting as to what the Chinese might do ....if the US all of a sudden changed its tax and legal structure such that production prices were immediately more competitive to that of BRIC´s in general....????
What would BRIC say then ....? Unfair taxation ...?
What the...
What is very telling about such pundits is the lack of proposed solutions that will work....
Here is what will work....and why....
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First...what is the optimum ?
Second....what is it now ?
...
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Perfectly stated....
And has set back generations of Americans....
And yet....
There is no clear plan....
For any category....
So what does this suggest....?
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To...
The MMs and Ss era is gone....in the name of efficiency....
And the bottom line is that it does not matter what the label is of those that risk taking stock....to stay around...they have to make money....
The rub comes when businesses conflict....
My belief is that there will be a form...
http://www.ft.com/cms/s/0/aaf7f67c-9664-11de-84d1-00144feabdc0.html
Hopefully BATS will break the ice for both the Euro and Asian markets....
Looking forward to extremely low rates on a truly universal platform....
Why not....
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Many countries face the common items of this economic predicament....
All of them seem to have been in the mode that real estate prices are justifiable ....because everybody is going along....now everyone is going along as the economy goes...
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Dual....triple....listing....
The bottom line is that HFT is here to stay....
Want a wide b/a or practically no b/a....
Quite frankly....a company should domicile where efficiency lives....
ie....quickly peruse the simple example...
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1000% correct....
Also...the transaction tax will NEVER happen....
Computer banks can be anywhere....software can be anywhere....
And those who own them will seek the least cost jurisdiction to operate in....
Worldwide agreement...
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Taxhavens will end only if ....
There is no longer an income tax....
ie replaced by a consumption tax only....
....and there will ALWAYS be those who desire to escape
tariffs of any type...