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Growing into a fully formed human being is a long process, and scientists have found that unborn babies not only hiccup, swallow and stretch in the womb, they yawn too. Researchers who studied 4D scans of 15 healthy fetuses also said they think yawning is a developmental process which could potentially give doctors a new way to check on a baby’s health. While some scientists have previously suggested that fetuses yawn, others [...] Just a month ago at a show in Florida, Sheryl Crow did what every singer hopes never happens: she forgot lyrics to her hit song “Soak Up the Sun” in front of the entire audience. She quickly hid the hiccup by explaining that it was her age that hindered her memory. What Crow didn’t reveal was that just months before she was diagnose with a brain tumor. In a new interview with the Las [...] The tone-deaf, gold-plated, Wall Street-worshipping mayor of New York City rushes to defend Jamie Dimon. May 16, 2012 | New York’s Mayor Bloomberg rarely loses an opportunity to rush to the defense of the reckless financial industry where he first cut his fangs as an investment banker. His recent excuse of fellow 1 Percent Boy’s Club member Jamie Dimon in the wake of the JP Morgan blow-up was no exception. What was [...] The 4 hard lessons of 2008 that Dimon must accept By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, Jamie Dimon’s still J.P. Morgan Chase’s CEO. But has he finally learned the four hard lessons about taking high-risk gambles in the global $650 trillion derivatives market that in 2008 virtually bankrupt Wall Street and the economy? Will he stop fighting all reforms? Or will he just get cleverer [...] by David Pierre
Oops! JP Morgan has a monkey wrench in their gears. They call an emergency press conference last night and admitted to a $2 Billion loss which Jamie Dimon said “could get worse and go on for a little bit unfortunately”. $2 Billion? This is chicken feed … less than they make in a quarter. So what is the big deal? Unless, maybe it is a big deal? Maybe it is larger than we are being [...]
Published on May 11, 2012 by CapitalAccount Follow us @ Welcome to Capital Account. From Whale Tails to Unicorn Fairytales, this week has ended with a bigger splash then anyone could have expected. The London Whale has officially capsized JP Morgan’s balance sheet with a reportedly 2 billion dollar trading loss. Jamie Dimon, the firm’s CEO, admitted “egregious mistakes” were made and that he and his colleagues were “stupid.” Fair enough, but why [...] kingworldnews
With the Dow now at its highest level since December of 2007, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN “This is totally unrealistic and unsustainable.” Embry also discussed gold and the mining shares, and what he is doing with his own money, but first, here is what Embry had to say about what is happening in the [...] Mitt Romney smashed his Republican challenger Rick Santorum on Sunday to win Puerto Rico’s presidential primary. CNN projected Romney the winner with 83% of the counted votes. Earlier, Santorum, Romney’s closest challenger, had an unfortunate slip of the lip when he called Puerto Rico a “Spanish-speaking country” just as voters in the U.S. territory were going to the polls in the GOP primary. Santorum’s verbal hiccup came as he tried to explain his earlier stance that [...] The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of “hopetimism” between two financial crashes. Things may seem relatively stable right now, but it won’t last long. The truth is that the financial crisis of 2008 was [...] January 6, 2012, 3:03 PM. Attached thumbnail(s) The WLI fell this week to 102.2, its lowest absolute level since October 7. The rolling growth rate fell to -8.2% from -7.6% last week. That’s the lowest growth rate since early November. Is this a hiccup or the start of a trend? Who knows, of course, and it’s hard to predict, given that we don’t know what [...] by foxnews If the weather is nice on Jan. 3 in Iowa, expect Mitt Romney to be the victor in the Republican presidential caucuses, but if the weather’s lousy, Ron Paul’s the man. That’s the prediction from 2008 Iowa GOP presidential caucuses victor Mike Huckabee, the former Arkansas governor and Fox News host who also predicted that Rick Santorum is the sleeper candidate in the first-in-the-nation nominating contest. “I would probably say that Mitt [...] by Chris Martenson Paul Brodsky: The Seeds of Our Destruction Were – And Still Are – Sown In The Bond Markets Paul Brodsky does not trust the bond markets. That position may seem strange coming from someone who has spent most of his professional career trading bonds, but it’s precisely this insider knowledge that has led him to start directing investors to safer harbors. In fact, he thinks our credit system is so far [...] General Motors has repeatedly claimed a sales target for 2011 of 10,000 units for the plug-in hybrid Chevy Volt sedan. But, nine months into the year, they’ve only shipped 3,895 off the lot. In fact, in September sales numbers, released an hour ago, GM sold only 723 Volts. Will GM fail to meet its own sales predictions? To be fair, GM has claimed that sales would falter during the [...] From Goldman Sachs Across many asset classes, last week’s price action was little more than a round-trip within established ranges. Consolidation was visible in macro data too, with regional US and Chinese business surveys continuing to stabilise at the relatively low levels seen in previous months. At the same time, our GS Wavefront Growth basket continues to trend lower, suggesting that cyclical stocks remain under pressure.. On [...] by fishhook Yesterday, the close was above the north corral boundary. Today, the herd ventured back into the corral, but will the cowboys with the white hats be able to get them locked in before they escape to the north again? A close below 1273 on ES is the signal to short. A close above 1277 means the FED wants to try 1300 again. [...] by RobotTrader 1) Rally stocks in the face of the worst economy in a generation 2) Print money, run infinite POMO’s, accumulate gargantuan deficits, yet U.S. Treasuries remain the investment of choice worldwide. 3) Cap gasoline prices under $3.00/gal indefinitely, and provide virtually “free energy” to those heating homes with natural gas this winter. All done while the Fed’s foot is stomped on the Infinite Fiat Accelerator. 4) [...] Have you seen his 2011 budget request? Department of Defense Page 48 That is 35% of his projected tax revenues that he expected would happen if the economy didn’t have any hiccups. Well, now it has a hiccup and he can forget about $2.56 trillion in tax revenues [...] Mr Free Market, CNBC’s Larry Kudlow, calling for more European intervention and guarantees to solve the financial problem in Greece and elsewhere. 1. We are now down more than 10% on the S&P. 2. Since the bubble era began in the early 1990’s, there have been only two corrections of more than 10% during bull markets encompassing economic expansions. 3. During the prior 100 years such corrections were the rule, not the exception. 4. [...] |
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