Financial Review

Pandora’s Box

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-17-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFOMC minutes show the Fed stuck in neutral. Aetna threatened to pull out of Obamacare exchanges if DOJ did not approve Humana merger – how it could backfire on Aetna. The return of subprime. Cisco job cuts. Target blames Apple. Unstoppable inversion. Financial Review by Sinclair Noe for 08-17-2016

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Friday, November 30, 2012 – We’re All Just Muppets Living in a Fairy World

We’re All Just Muppets Living in a Fairy World by Sinclair Noe DOW + 3 = 13,025SPX +0.23 = 1416NAS – 1 = 301010 YR YLD – .01 = 1.61%OIL + .88 = 88.95GOLD – 10.60 = 1716.20SILV – .85 – 33.54 October 31 Closing Numbers:       DOW                                                13096SPX                                                 1412NAS                                                 297710 YR YLD                                      1.69% OIL                                                   88.51GOLD                                              1721.20SILV                                                 32.36 So for all the talk about the fiscal cliff, the election, Hurricane Sandy, The Euro-Debt Crisis, the unrest in the Middle East; for all that and more, the markets gave a big yawn in the month of November. So, yesterday afternoon the House Republicans told reporters that the White House plan to avert the fiscal cliff was nothing more than a “joke”, an “insult”, and a “complete break from reality.” Mitch McConnell said he “burst into laughter. John Boehner said: “It was not a serious proposal.”  The plan, or the opening salvo from the White House calls for $1.6 trillion in tax increases spread out over ten years, $50 billion in additional stimulus spending, and $400 billion in spending cuts over ten years, plus an extension of the 2 percentage point payroll tax deduction or something comparable to it, and a permanent extension on the debt ceiling. Meanwhile, the Republican plan is, well, it’s still something of a mystery but we know they want cuts to entitlement programs, and no they’re not referring to the corporate welfare programs that allow $1.5 trillion in corporate …

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Thursday, July 12, 2012 – Banks Taking Risks, Evading Taxes, Discriminating, Foreclosing, And Yes It Is A depression

Banks Taking Risks, Evading Taxes, Discriminating, Foreclosing, And Yes It Is A depression-by Sinclair NoeDOW – 31 = 12,573SPX – 6 = 1334NAS – 21 = 286610 YR YLD -.02 = 1.48%OIL – .23 = 85.85GOLD – 4.40 = 1573.20SILV +.07 = 27.31PLAT – 12.00 = 1423.00After the financial meltdown of 2008, regulators vowed to overhaul supervision of the nation’s largest banks. Last year, the Federal Reserve Bank of New York replaced almost all of its roughly 40 examiners at JPMorgan Chase. The thinking was that the regulators shouldn’t get too cozy with the regulated. They brought in some new regulators. By the time they got up to speed, it was too late.The New York Fed’s shake-up only aggravated a continuing struggle between JPMorgan executives and regulators from the Office of the Comptroller of the Currency, which supervises banks. For years, the agency, with dozens of its own examiners at JPMorgan, worried that the bank had been miscalculating how much money it could lose in extreme situations.Examiners challenged the executives; the executives stonewalled. At one point in early 2012, JPMorgan briefly stopped providing examiners with an important risk estimate for the chief investment office, the group at the center of the recent trading losses. Executives told examiners not to worry. For their part, regulators say it is not their job to micromanage or remove risk altogether. Their goal is to protect the financial system broadly.Around that time, the bank changed the value-at-risk measure for the chief investment office, which they …

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