Economy

The “world’s largest prop trading desk” just went bust

JP Morgan Chase

A month ago we warned that JPM’s CIO office is nothing short of the world’s largest prop trading desk. Not only were we right, but what just transpired is just shy of our worst possible prediction. At the end of the day, the real question is why did JPM put in so much …

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12yo girl’s speech on world debt – AMAZING!!

12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt. Yep, you guessed it, the bankers!! [youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=Bx5Sc3vWefE[/youtube]   Source: http://www.publicbankinginstitute.org/

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John Williams: the real unemployment rate is 22% – not 8.1%

Jim welcomes back John Williams from Shadow Government Statistics. John believes the real unemployment rate is 22%, not 8.1%, which is why it still feels like a recession. He also calculates the CPI at 6%, not 2.8%, and explains how the government manipulates the rate of inflation. Lastly, John believes the US is still …

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The countdown to the break up of the Euro has officially begun

The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being voted out.  In fact, Nicolas Sarkozy has become the 11th …

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Graphing Groupon’s grotesque governance and “growth”

In case you hadn’t noticed, Facebook is set to IPO very soon but, courtesy of BackgroundCheck.org, we have a breakdown of the dismal truth behind the next best thing since sliced bread – Groupon. Between their ‘dodgy’ growth and desperately poor governance, the SEC is showing a keen interest (or maybe just …

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“So you wanna be a trader”

For all those who have ever considered becoming a full-time trader, we present the decision-tree for that life-changing choice.   Source: http://www.zerohedge.com/news/friday-humor-so-you-wanna-be-trader

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84% of all stock trades are by high-frequency computers… only 16% by humans

As of 2010, 50-70% of all stock trades were done by high frequency trading computer algorithms. And many other asset classes are dominated by high frequency trading as well: High-frequency trading distorts the markets. And see this, this and this. And it lets the big banks peek at what the real traders are buying and selling, and then trade …

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These 10 corporations control almost everything you buy

A chart we found on Reddit.com today shows that most products we buy are controlled by just a few companies. It’s called “The Illusion of Choice.” Ever wonder why you can’t get a Coke at Taco Bell? It’s because Yum! Brands was created as a spin-off of Pepsi–and has a lifetime contract with …

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Max Keiser says: “hang the bankers”

Viewers in the U.K. were surprised watching Channel 4’s “10 o’clock Live” show when guest Max Keiser, speaking in a debate moderated by one of the show’s presenters, David Mitchell – appealed to the live audience to “hang the bankers.” The audience applauded very enthusiastically. Keiser went on to explain …

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