“The pint-sized Carmen Segarra had the guts to sneak a tiny tape recorder into the New York Fed to blow the whistle on the crony relationship between the Federal Reserve Bank of New York and Goldman Sachs. Segarra was an… Read More ›
The Smart Bird
The Early Bird for Investors — Provides a summary of the best commentary and pertinent news
“And we can reorient our economy from wealth to work. To do all of that, we have to take on Wall Street power.
I’m getting sick of this. They can get away with it because few understand what is going on and there are so many distractions. From wealth transfer to wealth preservation for the few while the many fall back, again. Excerpt… Read More ›
Citadel was front running half of the Robinhood order flow and just got a slap on the wrist from regulators who will probably work for Citadel or another like firm soon.
If a picture is worth a thousand words, what’s a good are chart worth. Find out.
We are in a hostile investing environment with poor long-term support for the current prices in the markets. The stock market is simply riding the Fed’s largest intervention in history. And every wave ends the same.
I just want to point out how Schwab and other investment companies are making money in the age of low fees and zero trade commissions – your cash accounts.
So the state of Georgia wants to start re-opening in late April based in part of the “positive data”. Ummmm… the positive data is due to the lock down and social distancing, not because the virus is going away.
I would think that the price of oil dropping to negative forty dollars a barrel (-$40) on the May Futures qualifies as interesting. It brings up the question of “what does that mean” from many angles such as:
Forgive my rant. But when I hear the Fed talk about their concern for inflation expectations, inequality, and now global warming it gets me going. It’s their way of avoiding the truth.