European shares are trying to put together a rally, perhaps comforted by Angela Merkel making a CNBC appearance talking about stimulus, not just austerity. Elsewhere, IIF chief Dallara dusts off 2011 rhetoric, saying the cost of a Greek exit would be immense and cause a collapse of the country's banking system. Stoxx 50 +0.7%. [View news story]
people had enough the ponzi scheme is coming too a close bye bye American dollar
First there was too-big-to-fail. Now there's too-big-to-manage? JPM's surprise $2.3B trading loss is raising questions about whether regulators were asleep at the wheel or are simply not able to keep pace with the complexity of global financial engineering. (regulators scramble on JPM) [View news story]
European shares are trying to put together a rally, perhaps comforted by Angela Merkel making a CNBC appearance talking about stimulus, not just austerity. Elsewhere, IIF chief Dallara dusts off 2011 rhetoric, saying the cost of a Greek exit would be immense and cause a collapse of the country's banking system. Stoxx 50 +0.7%. [View news story]
First there was too-big-to-fail. Now there's too-big-to-manage? JPM's surprise $2.3B trading loss is raising questions about whether regulators were asleep at the wheel or are simply not able to keep pace with the complexity of global financial engineering. (regulators scramble on JPM) [View news story]