Hat-tip: Francine McKenna On The Moral Bankruptcy Of The Audit Profession
Article By:
Bronte-Capital
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Wednesday, January 15, 2014 12:00 AM EDT
Francine McKenna is a persistent critic of the audit profession. When you think the big four audit firms can't get any worse be prepared to be disappointed...
4-Week Bill Prices At 0.000%, Bid To Cover Soars To Highest Since 2011
Article By:
Tyler Durden
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Tuesday, January 14, 2014 12:52 PM EDT
Stocks may be masquerading as a big bounce today, driven by a VIX slam which has gotten the algos to ramp the S&P higher and of course a perfectly innocuous gold slam which as usual took out the entire bid stack, but the real money is furiously going elsewhere, such as today's 4 Week auction.
Did Goldman Just Kill The Music? - "The S&P 500 Is Now Overvalued By Almost Any Measure"
Article By:
Tyler Durden
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Saturday, January 11, 2014 1:26 PM EDT
Late last night the music may have just skipped a major beat after Goldman released a Friday evening note that is perhaps the most bearish thing to come out of Goldman's chief strategist David Kostin in over a year.
Top 10 Global Risks For 2014
Article By:
EconMatters
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Saturday, January 11, 2014 11:57 AM EDT
Not surprisingly, from a geographical perspective, a majority of the top global risks come from the Middle East region (at 40%) and the Asia-Pacific region, specifically China, and North Korea (at 30%). U.S., Europe, and Russia round out the rest.
SEC Charges Alcoa With FCPA Violations
Article By:
Steven Hansen
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Thursday, January 9, 2014 1:35 PM EDT
The Securities and Exchange Commission today charged global aluminum producer Alcoa Inc. with violating the Foreign Corrupt Practices Act (FCPA) when its subsidiaries repeatedly paid bribes to government officials in Bahrain to maintain a key source of business.
Bitcoins And Unicorns: The Digital Currency Lands On The Cover Of BusinessWeek
Article By:
Tyler Durden
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Thursday, January 9, 2014 12:52 PM EDT
Unicorn, a term which is supposed to symbolize Bitcoins, serves as the anchor for the Bloomberg-owned magazine's extensive profile of the digital currency.
Insider Trading Report: The Week's Notable Insider Buys And Sales
Article By:
Asif Suria
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Monday, January 6, 2014 2:38 PM EDT
Notable Insider Buys: Opko Health, BioTime, Wheeler Real Estate Investment Trust, SP Plus Corp., and CEL-SCI.
Notable Insider Sales: Monster Beverage Corp., Fidelity National Financial, FleetCor Technologies, Kodiak Oil & Gas Corp., and Groupon.
$500 Billion In 2013 Corporate Buybacks: Half Of QE
Article By:
Tyler Durden
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Monday, January 6, 2014 10:16 AM EDT
What may not be known is just how large the total amount of corporate buybacks in the past year was. The answer: the second highest in history, just shy record of 2007 amounting to $500 billion.
Turkish Central Bank's Current Predicament
Article By:
Sober Look
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Monday, January 6, 2014 9:50 AM EDT
Rising rates in the United States have sent shock waves across a number of emerging markets. At the top of the list of most vulnerable emerging economies in 2014 is Turkey.
Euro Area's Persistent Credit Contraction
Article By:
Sober Look
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Friday, January 3, 2014 3:16 PM EDT
In spite of a number of positive economic indicators out of the Eurozone, credit growth remains the area's Achilles' heel.
FINRA Should Crack Down On Management
Article By:
Larry Doyle
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Friday, January 3, 2014 10:17 AM EDT
The question still begs: why FINRA has been so amenable to expunging such an overwhelming percentage of complaints against brokers?
ISM Still Expanding
Article By:
Gary Tanashian
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Thursday, January 2, 2014 1:40 PM EDT
And thus pressure still on for the dreaded taper…
2013: Dense Fog Turns Into Toxic Smog - Part 3
Article By:
James Quinn
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Thursday, January 2, 2014 9:30 AM EDT
Using a true measure of inflation reveals an economy in recession since 2004
2013: Dense Fog Turns Into Toxic Smog - Part 2
Article By:
James Quinn
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Thursday, January 2, 2014 9:15 AM EDT
A Review of the Economy Over the Past Year
2013: Dense Fog Turns Into Toxic Smog - Part 1
Article By:
James Quinn
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Thursday, January 2, 2014 9:00 AM EDT
Despite the fact the establishment has been able to fend off the final collapse of their man made credit boom for longer than anticipated, they have only insured a far worse outcome when the bubble bursts