Archive for September, 2009:

High-Frequency Trading Computers Compete For Shortest Cable Length

{ Posted on Sep 30 2009 by Joe Weisenthal }
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What, you think it's noteworthy that traders want to locate their computers to have proximity to the exchange? Ha! Even within the data center geography matters. FT: Robert Greifeld, chief executive of NYSE rival Nasdaq OMX, said in a recent FT video ...Read More »

U.S. Income Inequality Is Frightening–And Much Worse Than We Thought

{ Posted on Sep 30 2009 by Bruce Judson }
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The newest economic inequality numbers, which ran counter to the expectations of almost all experts, are frightening. The Associated Press released an article titled, US income gap widens as poor take hit in recession. The opening paragraph of the article, ...Read More »

Tens Of Thousands Of Drug Addicts Make Living Defrauding Medicaid

{ Posted on Sep 30 2009 by Lawrence Delevingne }
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Wonder why health care costs are out of control? One reason is the government -- meaning you, the taxpayer -- is footing the bill for abusive pill popping. The Government Accountability Office looked at five states -- California, Illinois, New York, ...Read More »

The Media Thinks Economy Will Tank

{ Posted on Sep 30 2009 by Lawrence Delevingne }
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If it's any sign the recovery is slowing, news coverage of the economy isn't a rosy as it used to be. The Dow Jones "Economic Sentiment Indicator," which aims to predict the health of the U.S. economy by analyzing the coverage ...Read More »

To Window Dress Or Not To Window Dress?

{ Posted on Sep 30 2009 by Vincent Fernando }
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Despite a sharp morning drop, we've seen a rather stunning come back since. Stock markets are now up, with Materials, Tech, and Financials in the lead. The Volatility Index (VIX) did the inverse; up in the morning, and down with the ...Read More »

Jamie Dimon Pored Through Zip Codes To Learn About Commercial Real Estate Exposure

{ Posted on Sep 30 2009 by Yael Bizouati }
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Last Spring, sitting in an office, Jamie Dimon was looking at an interactive map of the US, going zip code by zip code trying to assess potential regional commercial real estate losses, according to a source close to JPMorgan (JPM). The ...Read More »

You Can’t Imagine How High The Savings Rate Is About To Get

{ Posted on Sep 30 2009 by Joe Weisenthal }
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Waiting for a big consumer comeback? Don't. David Goldman argues that if you think the savings rate is too high now, you're in for the shock of your life. The problem is that Americans have not yet begun to save. With the ...Read More »

Zynga To IPO Before Thanksgiving?

{ Posted on Sep 30 2009 by Nicholas Carlson }
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Will social games maker Zynga IPO before Thanksgiving? Inside Facebook sources suggest it's possible: "Some industry sources we’ve talked to have suggested that Zynga could make a bold move to file before Thanksgiving, trying to immediately build on the overall attention it ...Read More »

50% Of Rescued Mortgages Have Re-Defaulted

{ Posted on Sep 30 2009 by Vincent Fernando }
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The latest data from the Office of the Comptroller of the Currency (OCC) shows that over 50% of homeowners who had their loans previously modified in order to avoid foreclosure have re-defaulted. This seems like an awfully high failure rate. As ...Read More »

Was The PMI Leaked This Morning?

{ Posted on Sep 30 2009 by Joe Weisenthal }
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The market started tanking minutes before the weak Chicago PMI was leaked this morning, so there was obviously some leaking going on, right? Is the SEC paying attention? Actually, hold your horses. Bespoke Invesment Group, which put together the chart on the ...Read More »
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