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Wall Street Mess

Wall Street Mess

http://wallstreetmess.blogspot.com

The blog takes a honest but irreverent at everything which is affecting our economy. This includes Wall Street, Washington, the Federal Reserve and the media.

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  • Retirement Blues

    Posted on Friday November 20th, 2009 at 14:12

    There was an interesting quiz called "Have You Learned Your Lessons?" which appeared in last weekend's Wall Street Journal. It was based on a recent report that included surveys of those planning for or already in retirement. The answers to the sur...

  • Tell Me Lies...Tell Me Sweet Little Lies

    Posted on Friday November 13th, 2009 at 08:29

    In a news item that was (unsurprisingly) largely ignored by US media outlets, it was revealed this week that the statistics on global oil reserves put together by the International Energy Agency(IEA) have been "fudged" for years. The IEA is considere...

  • Obama Administration Continues to Back Wall Street Banksters 100%

    Posted on Tuesday November 10th, 2009 at 14:59

    There was a move afoot at the recently concluded G20 finance ministers meeting to slap a version of the so-called Tobin Tax on major financial institutions around the globe. This tax would be imposed on each and every financial transaction. I normal...

  • The Treasury Market Bubble

    Posted on Friday November 6th, 2009 at 13:05

    Recall how the US banks bolstered their balance sheets by swapping the putrid toxic mortgage backed debt for US Treasuries? To me it seemed like a bad idea at the time, but now it seems like a looming disaster. It looks quite possible that th...

  • Gold Is King Everywhere But in the US, Where Goldman Is King

    Posted on Tuesday November 3rd, 2009 at 14:20

    There was major news out yesterday as the International Monetary Fund (IMF) announced that they were selling 200 tons of gold to the Reserve Bank of India. India has joined China and other nations around the globe in diversifying out of the US dollar...

  • The US Economy Is Still Struggling

    Posted on Friday October 30th, 2009 at 14:51

    The government yesterday released the third quarter GDP number for the US. The headline figure showed that the United States economy grew at an 3.5% annualized rate in the months of July, August and September.Hooray! That's great, isn't? We are out o...

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