Great example of the "top-down investment approach [merged] with our bottom-up investment process" as trumpeted by the profile of this bucket shop. No mention of cash flows?
Bravo, CJJ, and bravo, Mr. Coffey. While Mr. Schiff did indeed predict the latest bubble burst, it would appear, based on his various investment theses (including investing everything overseas) that his clients are likely taking a bath. I wonder if it is any consolation to those clients that Mr. Schiff called the financial bubble?
US Bancorp: The Other Big Bank with Big Problems [View article]
A better explanation for the decline in USB (vs the "analysis" in this article) is the re-balancing of every mutual fund in the country (ie, reducing their weighting in the financial sector).
Bear Stearns was founded as an equity trading house in 1923 by Joseph Bear, Robert Stearns, and Harold Mayer with $500,000 in capital. The firm survived the Wall Street Crash of 1929 without laying off any employees and by 1933 opened its first branch office in Chicago. In 1955, the firm opened its first international office in Amsterdam. In 1985, Bear Stearns became a publicly traded company. It served corporations, institutions, governments and individuals. The company's business included corporate finance, mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services.
Further historical notes regarding Lehman and Merrill can be provided upon request. The problem with history is that it's history.
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Further historical notes regarding Lehman and Merrill can be provided upon request. The problem with history is that it's history.