myampgoesto11:
Kristal Romano: Commodities
I’m giving that bitch a commodity because bitches love commodities … Read More
Global investor interest in Russia slashed by two thirds in a month
The number of investors working with developing markets and ready to take Russian risks slipped from 67% in March to 20% in April, according to a study by Bank of America Merrill Lynch, Vedomosti daily reports.The research is based on a poll of 252 portfolio managers from companies operating both on the global and regional markets. Assets under their management totalled $725 billion. The overall decline of global investor interest in commodities and equities of developing markets couldn’t have bypassed Russia, Swathi Putcha, an advisor at Merrill Lynch told Vedomosti. A drop in oil prices, slowing global economic growth and the prospect of deflation in the Eurozone only added to the negative sentiment.According to the expert major Russian risks are the state’s tight relationship to debt-burdened Cyprus and the situation with TNK-BP.The last time investor interest in Russia was as low was in November last year and before that in June. Over $1 billion has been withdrawn from Russia-oriented funds since the beginning of 2013. Turkey and Thailand are now seen as the most attractive developing markets. From 50% to 60% of the respondents said they expanded their investments into these states. Interest in investing in China remains low. … Read More
Keiser Report: Media Moron Mockery (E411)
http://www.youtube.com/v/tkNa4tm9ZM8?version=3&f=videos&app=youtube_gdata More here: Keiser Report: Media Moron Mockery (E411)
Reminder: Everything You’ve Been Told About ‘Economic Uncertainty’ Is Wrong
Over at Bloomberg, Caroline Baum adds to the efforts of those who would point out that all the constant cable news talk over “uncertainty” cramping economic growth is a hot wad of nonsense, in that it doesn’t actually describe a real-live set of toxic economic conditions. Rather, it’s newspeak shorthand for “lets give CEOs more tax breaks, because otherwise they won’t create jobs fast enough.” It’s pretty to think that “jobs” are commodities created out of the good vibes that CEOs are extracting from the universe, but that’s not actually how these things work.
Baum points out a number of interesting data points. Apparently while we were supposed to be dreading all this “uncertainty” — and surveys bore out the fact that people were, in fact, dreading it tremendously — the economy was, in the 4th quarter of last year, actually ticking along. It improved “specifically in the three areas — hiring, capital spending and sales.”
Baum concludes that “we got snookered by a euphemism that was more an excuse to prevent an undesirable political outcome (tax increases) than a reflection of intent.”
Tony Robbins On Love And Self-Awareness (VIDEO)
From: Oprah and the Oprah’s Lifeclass: the Tour Teachers Live from Toronto: The Power of Forgiveness.
In this clip from an episode of “Oprah’s Lifeclass,” motivational speaker Tony Robbins says that self-awareness is one of the rarest of human commodities — and that the one tool that can help you achieve self-awareness is… love.
“There’s four kinds of love,” he says. “And I want you from now on to decide, when you’re interacting with those you love, which level of love you’re going with.”
Keiser Report: Whore-der of JP Morgan (E393)
http://www.youtube.com/v/ldPSkthxbH4?version=3&f=videos&app=youtube_gdata Continue reading here: Keiser Report: Whore-der of JP Morgan (E393)
After Bain firing, sick workers struggle
For many Americans Mitt Romney’s long campaign has been a primer in private equity, the quiet business of buying and selling companies in which the candidate made his fortune. Romney has talked up his role as a job creator at companies like Staples and Dominos Pizza and journalists have learned about other investments Romney would rather not discuss.In January, Reuters published an investigation into another of those investments, a 1993 takeover of Kansas City, Mo. steel mill Worldwide Grinding Systems: It was a gamble. The old mill, renamed GS Technologies, needed expensive updating, and demand for its products was susceptible to cycles in the mining industry and commodities markets.
Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut by as much as $400 a month.
What’s more, a federal government insurance agency had to pony up $44 million to bail out the company’s underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.Continue Reading… … Read More
