Posted by Leonard Steinberg on MAYDAY, 2012 Mayday celebrations re-kindled the fuel of Occupy Wall Streeters to-day and it made me wonder: Is Western society becoming more socialist in its thinking while traditional communist countries embrace capitalism? China, Russia, Georgia and other traditionally communist countries are thriving with a capitalist spirit that is elevating millions… [Read More]
IT MAY BE A VERRRRRY LONG HALLOWEEN….
With almost certainty we will see a major political shift after next week’s elections. The presidency will be stuck in a potential gridlock where the only window of opportunity is 2011 says Nouriel Roubini in to-day’s Financial Times. The president deserves credit for setting up a bipartisan debt commission, which is most likely to propose a… [Read More]
TARP PROFITS! TEA PARTY TO CELEBRATE?
The U.S. government, which announced Monday that it plans to slowly unload its 27% stake in Citigroup Inc. over the remainder of this year, currently stands to pocket an $8 billion profit on the investment from last September. That’s a remarkable 30% return in six months, or triple the return generated by the average hedge… [Read More]