NFIB: Small Business Optimism Index declines in June
Submitted by
CalculatedRisk on Tue, 07/10/2012 - 5:22am (206 comments)
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Christmas spending season will be very interesting this year.
Not really surprising from what I've been witnessing. Business is awful again. I also saw an article in the paper this morning saying credit card spending is back to levels not seen since 2007. I mentioned a few weeks ago I was seeing a huge percentage of credit cards being used again and it reminded me of right before the crash in 2008. I guess it's not a coincidence.
Have a good day all
In the survey, the "single most important problem" was "poor customers".
Weren't these the same businesses who held off hiring because they couldn't understand the Affordable Health Care Act?
LOL!
Most small businesses are poorly run.
Without small business confidence going forward, hiring will remain flat to declining.
U.S. heat over the past 13 months: a one in 1.6 million event
EDIT: Damn you people.
Yep, Nanoo. I'm certainly shocked, aren't you?
Mhm, imagine how bad it would be if there was such a thing as global warming.
Comrade Kristina wrote:
Low-Paid Grads On Tight Budgets Switching to Discounters - Bloomberg
Michael Baum took every substitute teaching job he found and has sent out hundreds of resumes since graduating from college two years ago. He never got a full-time offer and works as a waiter in a pizza parlor in Chicago, earning $650 on a busy week.
“It’s discouraging,” said Baum, 25, who is certified to teach in Texas and North Carolina as well as his native Michigan. His pay is just enough to cover basic living expenses.
"This one time, at penguin band camp......."
KarmaPolice wrote:
cite please. I operated my own small business once upon a time. Perhaps it is because small businesses can't keep 3 sets of books to fudge their profits and earnings reports.
EDIT: Damn you people.
Not surprising when you realize most of the headlines are put out by the same source.
Nanoo-Nanoo wrote:
U.S. Employers Plan to Add Jobs in Third Quarter, Manpower Says - Bloomberg
I don't have a cite for it but I can honestly say that maybe 10 percent of the places I have worked for were well run, they were all small businesses. Lots of family squabbles type stuff that bleeds over into business or alcoholism that does the same. I know anecdotes don't equal data but there is a reason such a high percentage of them fail right out the gate.
Nanoo-Nanoo wrote:
Restaurants......
FTL: For the first time since 2008, employers held positive outlooks on hiring in consecutive quarters in all four regions of the country and in all industries. The figures may ease concern that the job market is faltering after Labor Department data showed employment rose in May at the slowest pace in a year.
“We’ve been climbing out of this slowly,” Manpower Chief Executive Officer Jeff Joerres said in an interview. “It’s nothing fantastic, but it’s a hand-over-hand rappelling up the hill.”
And yet small biz optimism is waning.
"Step right up! Pick a headline, any headline..."
Comrade Kristina wrote:
I'd have to agree..... especially since if you're collecting anecdotes of success from HCN, that's not exactly a random sample.
KarmaPolice wrote:
“It’s nothing fantastic, but it’s a hand-over-hand rappelling up the hill.”
Rappelling up the hill? Interesting.
Restaurants......
Pfft. What is it, like 9 out of 10 restaurants fail? Incredibly difficult industry.
Small biz may not be perfect, but it's the backbone of our economy, so better give some respect.
curious wrote:
Structural unemployment rears its ugly head again. The nation clearly has too many teachers and not enough pizza parlor waiters. I'm glad this guy landed on his feet.
Not inconsistent. We knew already that temp hiring was a part of the mix.
Yeah, this crowd tends to be smarter than the average bear. Although my sampling is biased as most of those were bar/restaurants. Other types of business might be more well run. I have seen many contractors that I wait on and I'm guessing they're not really doing a bang up job. Many of them went out of business during the bust as well. Of course their idea of "running their business" was sitting at the bar and drinking all day with the company credit card so yeah...
Outsider wrote:
It's the only industry left in America, other than porn.
Besides "Mama's favorite meatloaf, drowned in gravy, side of tater", what else does America actually MAKE?
I beg to differ...Debt free and I pay for supplies on my way out the door. Small and I keep it in my immediate family only.
Friend of mine owns a small breakfast and lunch diner...standing room only at times...Why because the food is top notch priced right, and he is one hell of a cook.
"If you're getting the impression that Christians are more apt than members of other religions to see Armageddon just around the corner, you're right. The perpetual apocalyptic expectation of Christianity has its roots in the New Testament, whose authors, like every subsequent generation of Christians, expected the end of the world to come within their own lifetimes."
""The environmental movement is consumed with trying to preserve the planet forever. But we know that isn't in God's plan.
The earth we inhabit is not a permanent planet. It is, frankly, a disposable planet – it is going to have a very short life. It's been around six thousand years or so – that's all – and it may last a few thousand more. And then the Lord is going to destroy it."
GOP +
= Why do anything as we are all going to die.
shill wrote:
See: "HCN selection bias", as noted.
Yes, they fail because you have some dumb ass that thinks "I like to eat and I have an old recipe that Mom gave me so I'm gonna make it big in the restaurant business". They of course know zip, zero, nada about the actual running of a restaurant. Same thing with bars, they think it'll be their own personal social club and that it's just so easy to run one.
as of 2008 there were 7,601,000 businesses and of those 6,528,000 had 20 employees or less.
http://www.census.gov/compendia/statab/2012/tables/12s0758.pdf
Your citation is a small snapshot:
Manpower report, 21 percent of the more than 18,000 companies surveyed said they planned to increase staff levels in the next three months. Six percent said they expected to reduce payrolls.
Nanoo-Nanoo wrote:
Don't feed the
Good Morning
Most small businesses are run badly, they are lucky to live through the on the job manager/owner training.
pardon OT:
USD/EUR, EURUSD Currency Quote - (ICAPC) EURUSD, USD/EUR Currency Price
Executive salaries up more than 40% - San Antonio Express-News
Wilson once served as Texas secretary of state and is a former lobbyist. His hiring illustrates the culture shift in a department where his predecessor was an engineer who earned about $100,000 less.
“They all realized we need this kind of talent to run a complex agency,” Wilson said.
8 month low, first negative hiring reading in 6. Almost as if it is trying to say something.
Outsider wrote:
Oh I give them respect until I hear them open their mouths.
Rob Dawg wrote:
Sebastian will be along shortly to interpret it for you.
KarmaPolice wrote:
Funny you of all people harbor that attitude.
Eric wrote:
lol
Oh! Look! Pretty geyser. I wonder if it's hot.
Rob Dawg wrote:
I generally don't hear his mouth open.
JPMorgan Silence on Risk Model Spurs Calls for Disclosure - Bloomberg
Eric wrote:
Well, the US is the largest manufacturer on the planet...so there's that.
The Internet is a precious thing isn't it
There are several established networks of design/manufacturing/merchandising specialists who can be fielded for one-off projects, and then disbanded - concept has taken hold, and is growing steadily based on its effectiveness in fast track product development and the exceptional quality of the result. A talent pool, if you will, and what temp agencies might have become, but didn't.
Can you reasonably say the country doesn't make anything much, or was that just calling out comment?
Comrade Kristina wrote:
blah blah blah "giving away trade secrets" blah blah blah "hurting us by showing our positions" blah blah blah
(here's a campaign contribution, some hookers and blow)
"after the comment period, the SEC has decide to take no action".
Multiple offers return as buyers are back but sellers are not - UPI.com
How dare anyone question the ECB?
SPANISH GOVERNMENT GENERIC BONDS - 10 YR NOTE Chart - GSPG10YR - Bloomberg
They will rip your face off.
shill wrote:
That would be anecdotal. Any person in the restaurant/small business loan industry will tell you a much grimer tale.
burnside wrote:
Oh, I'm sorry... was today "no hyperbole and
day on HCN"?
Gonna be mighty quiet.....
Rob Dawg wrote:
Is this lasting three hours, or three minutes?
KarmaPolice wrote:
That's part of the problem, Banksters.
will the Fed Rev the housing engine?
what he said: is the Fed willing to tolerate a housing boom?
Housing markets: Will the Fed rev the housing engine? | The Economist
BREAKING NEWS: Las Vegas Home Prices Climb - 8 News NOW
Another in the series of Public Service Announcements from Dilbert: Bruce Bartlett: In Lost Opportunity of 1932, Are There Lessons for Today? - NYTimes.com
Enjoy
Lobbyist Ben Dover wrote:
No, they're not.
Most small businesses are simply managed very poorly.
KarmaPolice wrote:
Using a Bankster is bad management. IMO.
Lobbyist Ben Dover wrote:
Restaurants, in particular, have A LOT of upfront costs.
Charlie Sheen: 'I see dead people' |
TV
| Entertainment
| Toronto Sun
KP, have you owned or managed a restaurant?
OECD sees no end to jobs crisis as economy struggles
| Reuters
The jobless rate in the 34-country OECD area will still be stuck at 7.7 percent at the end of next year, close to this May's 7.9 percent rate and leaving 48 million people out of work, the Organisation for Economic Cooperation and Development said in 2012 Employment Outlook.
The recent deterioration in the economic outlook was very bad news for the labour market, OECD Secretary-General Angel Gurria said.
"It is imperative that governments use every possible means at their disposal to help jobseekers, especially young people, by removing barriers to job creation and investing in their education and skills," said Gurria. He presented the report in Paris, where the think tank is headquartered.
...
Indeed, the OECD is worried that the drop in low-skilled jobs is a permanent, structural phenomenon that will not be reversed when growth resumes.
This explains a lot. Florida Ignores FBI Database When Granting Gun Carry Permits | ThinkProgress
So if you're certifiably crazy, you can come to Florida and get your concealed carry permit. Yay!
Eugene Robinson: The GOP’s crime against voters - The Washington Post
Quotable:
"I wrote that voter ID was a solution in search of a problem. I was wrong: The problem seems to be that too many of the wrong kind of voters — low-income, urban, African American, Hispanic — are showing up at the polls. Republican candidates have been vowing to “take back” the country. Now we know how."
I suppose that the GOP has given up on the Hispanic vote...
Tee Hee....
Charlie needs to cut back to an
a day.
What the hell do small business owners know? Rally time!!
KarmaPolice wrote:
You are saying starting in over your head is the way to go. There are smarter way to test you skills and the market place. I have looked at doing a start up restaurant with my kid.
burnside wrote:
Does it matter?
It does if you anticipate anyone will give weight to your assertions on the subject. Otherwise not.
Yes, well be sure the kid knows it involves being there 7 days a week and usually way longer than 8 hours a day if you want it to work.
KarmaPolice wrote:
Many more reasons for failure: Bad business idea, bad location, bad timing, not realizing you have to mind the store full time. It is a tough business.
A friend had a friend who made his business picking up the pieces of failed restaurants on El Camino Real in Palo Alto/Menlo Park. A field of broken dreams where the build it and they will come crashes and burns.
From the last post:
Again, the benchmark rate will never be raised again.
It's looking more and more like we will actually collapse, completely. Should be interesting
Comrade Kristina wrote:
in most tragic officer-involved shootings, the perpetrator was a felon, but got the gun illegally (straw purchase etc) and avoided the usual checks anyway. felons just do not want to go back to jail, period, by any means necessary. while i think its great to have checks, its a great big policy lie that just makes us all feel better.
curious wrote:
I look forward to the OvenMitt addressing this in the debates. Perhaps his Swiss/Cayman Island bank accounts employ a few islanders.
Comrade Kristina wrote:
She has moved to other ideas. Likes time off and
.
Go for it!, and best of luck in your venture.
Lobbyist Ben Dover wrote:
Good luck. It is never pleasant to fire a family member. Especially your own child.
dwb wrote:
Read somewhere that domestic disturbances are the most common threat to police officers.
burnside wrote:
There is plenty of data to show the failure rate of restaurants. And if you don't want to look at the data, simply be observant.
OPD is strong in this one.
The only thing worse than being part of a family business is working for one. Been there, done that.
Oh I give them respect until I hear them open their mouths.
You're right, KP. I have heard the utterings of a million small businesses all across this country, and they sing a chorus of damned foolery.
Which is why I'm all for big biz. And voting for Romney. Woo hoo! Can't wait.
I think you and I are on the same team here.
BEN f reports many fiends of his younger daze who failed in biz & went to tye Indies or Jamaica. What small biz needs is to bE paid. I got paid. Therefore I am optomistic!
KarmaPolice wrote:
So no, then.
Rob Dawg wrote:
8 month low, first negative hiring reading in 6. Almost as if it is trying to say something.
Sebastian will be along shortly to interpret it for you.
Nope, I'm about ready to give up on it.
Sebastian
dilbert dogbert wrote:
Back when I was remodeling my kitchen, I enjoyed talking to the used appliance salesman at the restaurant supply center.
BTW, the small business index does not jibe with what i am seeing. Maybe its the real estate and retail bent, but most people i know in are phenomenally busy and getting busier.
dilbert dogbert wrote:
"poor people often live in clusters"
~ Cartman.
burnside wrote:
I'd be keen to hear about any - any - actual experience in business activity, period. I'll take the under, however, as we will get more airy dilettante by way of response to the inquiry (should we any response at all).
Sebastian wrote:
Give up on explaining why it's not a recession, or throwing in the towel and admitting it might be one?
(no snark, looking for what you menat).
Besides "Mama's favorite meatloaf, drowned in gravy, side of tater", what else does America actually MAKE?
Houses! Construction is up, housing has bottomed.
Get with the program.
Heh. I erased a response involving the d-word.
curious wrote:
Isn't that what revisions are for?
Outsider wrote:
At the rate of party deterioration, he might not even make it onto the ballot.
Perhaps Ru Paul is still running?
Barclays Libor Scandal: Who Knew? Seven And A Half Things To Know
07/10/2012 7:48 am
"Thing One: The Fed's True Libors: It's a good thing no one on earth cares about this Libor scandal, because otherwise the Fed would be in so much trouble right now.
The United States central bank straight-up confesses to Reuters that, oh yeah, sure, it knew all about Libor shenanigans waaaay back in 2007, even before the Wall Street Journal wrote about it. It seems the New York Fed got a tip from some bank called, let us check here, Bar-Clays? Does that sound right? Bar-Clays? It seems this bank told the Fed about problems with the setting of Libor, an interest rate that is so pervasive in our daily lives that you were probably drinking a little Libor in your coffee just now. Not only that, but the Fed talked to Barclays about Libor approximately eleventy gazillion times after the initial tip. Not only that, but it also drew up a list of suggestions for Barclays and UK banking authorities about how to fix the Libor market. Which list of suggestions were promptly crumpled up into a ball and tossed in the coal oven for warmth because it's dismal in the UK in the winter, guvnah.
So, fast forward to today, and the Libor market never got fixed, despite everybody knowing about its problems. That bank, Barclays, is paying about $450 million in fines over Libor, its chairman and CEO have resigned (chairman Marcus Agius testified this morning before a parliamentary committee), and a whole mess of other banks are under investigation, too. And attention is finally turning, as it should, to why the regulators had their heads firmly implanted in their own behinds for so long, The New York Times writes (I'm paraphrasing). "
ac wrote:
Why would an ac worry about this?
burnside - You have to learn to embrace your inner KP. Only then can you realize she's really not as offensive as she seems.
Outsider wrote:
We make college grads sometimes too.
Outsider wrote:
"I hear America whining", a favorite Whitman poem...
Romney/Satan 2012
Outsider wrote:
Perhaps Ru Paul is still running?
There's always hope he can put Romney as VP.
energyecon wrote:
And who exactly are you?
What? Humorless burnside?
I thought that was penned by Phil Gramm and his lovely wife Wendy.
If any of us were humorless, we wouldn't get the point of this blog.
Outsider wrote:
Data-driven economic analysis, like, DUH!!!
There's a point? Why was I not informed of this?
Comrade Kristina wrote:
These interracial marriages are ruining America. What's next? Man on dog sex?
Eric wrote:
Actually, we make plenty of stuff...Every company that I've worked for in the last 22 years has made stuff, and made at least some of it here in the US. Of course, quite a bit of it is high value stuff like instruments for semiconductor processing or the ICs themselves, so it's not the kind of thing you'd find in your living room or bedroom. Perhaps that's why you can't see it...
Yeah, that's what I thought.
It was posted all over the secret forum, CK.
There's a point? Why was I not informed of this?
The blog about nothing. Worked for Seinfeld. And how many Ferraris does he own?
KarmaPolice wrote:
I recently read that superglue eaten in moderate quantities negates the hidden gluten in diets, perhaps you should give it a try.
I still haven't been invited to the secret forum..
You have to apply it to fingertips to get the best effect, I've heard.
Cinco-X wrote:
Becuse they don't understand the non=random nature of the biased measurements.
I don't know about eating it but sniffing the fumes it gives off when you sand it off a surface can kill you. It releases cyanide gas iirc. My ex bf used to use it to seal pool cues before putting on the clear coat finishes. It does a great job but don't sand it in a non ventilated area and without a mask.
Outsider wrote:
Glue ten for best results
Glue-ten for best results
How am I supposed to leave this place for the summer when you make comments like that.
ResistanceIsFeudal wrote:
(clap)
ResistanceIsFeudal wrote:
How's the hub nanoo?
Cinco-X wrote:
Then they screwed the pooch here- they should have put out a bullshit high number and revised it down next month so that next month's number can be an improvement.
Just one man's observation:
I've owned my own business for the past 7 years. I'm also in the process of writing my business plan for another.
Most small businesses fail because they are undercapitalized. Restaurants are a tough gig because there are so many upfront costs for equipment, food, etc. So easy to lose your shirt if you don't understand your costs. Most people would be very surprised to know what the net margins are, even for a successful restaurant. It's usually in the single digits (except for those rare "celebrity chef" situations, but even those aren't guaranteed to succeed.)
Nanoo-Nanoo wrote:
Was it difficult to remove your head afterwards?
lawyerliz wrote:
Knee is almost back to normal (or normal for him). Thanks Liz.
How about you and your family?
Restaurants are a tough gig because there are so many upfront costs for equipment, food, etc.
Not to mention the grueling work hours.
Rob, just enjoy the 'statistic', won't you? Partisans rage, and then climate goes about its business unaware.
HG should really be here for this thread, but I have a hunch he's too busy working.
This continues to perplex me. VaR is used to calculate the market general risk - the risk of market prices moving against you due to general market conditions. This is in contrast to market specific risk - the risk intrinsic to the asset. I can't imagine that their risk assessment would consider only general risk and not specific risk or that it would only use VaR for its internal models.
And yet another reason to never use "anti-bacterial anything" around children:
YouTube - Pets Make For Healthier Babies
Eric wrote:
"Meant" or "Mentat
"
Outsider wrote:
Who is "she"?
YouTube - Pets Make For Healthier Babies
Woo hoo! Hopefully congress will make it a law requiring all families with one year olds to own dogs.
Outsider wrote:
Been suffering (cousin of Osama) the stomach flu
and have been in no moooood for HCN, work, or basically anything but getting over it... today health bars are restored
Sorry... penguin is leaving for an extended time back among friends and family in the Antarctic?
Outsider wrote:
I refuse to eat at any restaurant that serves gruel.
Who is "she"?
I thought KP was a she - no?
Anyway, it's hard to tell with pseudonyms.
Hub ok, puts off retirement more. DAUGHTER working as architect --mixed rez & commercial. Son tutoring % doing home improvements for us, until next semester. Paid, does good job.) Me, my bills are paid, for now. ALL CATZ MEOWING BRISKLY.
Yancey Ward wrote:
Savvy...you should work for a bank...
burnside wrote:
Ohhh.... alright.
Lovely morning here in bustling Idaho Falls. A little breakfast and a sight or two then Tetons and Yellowstone. Check my recent links for a nice Bryce shot. The aviary in SLC was cool as in neat as the city was sweltering.
Rob Dawg wrote:
familyblog!
You mean like how the highesst rated/lowest yielding tranches of MBS/CDS were modeled to be "safe as treasuries" so when the banks couldn't sell them (why buy them when they yielded the same as treasuries) they kept them on the books. Better yet the models said they were as risk less as treasuries so no need to reserve for a loss right?
Comrade Kristina wrote:
My dad has stories.
I'm glad that business wasn't around when I was a kid.
Outsider wrote:
I always thought that the "chicks" here were smarter than KP...maybe not...
Idaho Falls? you're in Broward land!?
Glad you're getting better RiF. People are trying to pull me out of the CR matrix. It's like being stuck in the birth canal. "Come out here." "No! No! I don't want to go!" "Time for the force-eps"
And with that... Have a good day, all.
Good to hear that life is good Liz.
Now if we could only slay BofA for good and forever our lives would be complete!
lawyerliz wrote:
God's in his heaven
all's right with the world
lawyerliz wrote:
They want to go for a car ride. With their little heads catching the breeze.
Cinco-X wrote:
"IT" is a she for sure.
ResistanceIsFeudal wrote:
I think Broward's currently in Alexandria, Virginia...
Debt crisis: ECB pledges action as southern Europe buckles - Telegraph
Agronox wrote:
Meow translation, roughly, "Crazy lady happy. We get fed for sure!"
ResistanceIsFeudal wrote:
The PFG Cash Shortfall Crisis: Here's What We Know So Far - Business Insider
Hoo-boy....
I wondered why Europe was rallying this morning.
That was a clear case of regulatory arbitrage. The NRSRO's gave high ratings to dreck, and the regulatory capital requirements - for banking book and for market specific risk - were tied to ratings. It should also be said that the pari passu bonds in RMBS deals had so much credit support that few of them actually defaulted. CDO's, on the other hand, were a completely different story.
I think VaR is a dodge here. Correlation desks do not use it to manage their risks, and in the above article, even Jamie Dimon says he doesn't really concern himself with it.
Cinco-X wrote:
So does this mean you're a man?
ResistanceIsFeudal wrote:
Favorite dog poem:
You gonna eat that?
You gonna eat that?'
I'll eat that.
Cinco-X wrote:
I didn't think MF Global would be a one-off. The erosion of trust continues apace.
Not sure why he was so worried that he tried suicide. Corzine is still walking around free as a bird.
Cinco-X wrote:
Paging traderwalt...
.
I am curious as to why futures firms are the financial entities showing the largest signs of stress in the last 6-8 months. Eric? Traderwalt? Bueller?
Have had dealings with Peregrine. Better a late suspension than none at all.
Lurking Lawyer wrote:
I don't know if I would want someone handling my money who can't succeed in killing himself.
Yeah, you get the sense his heart really wasn't into it. I expect my financial advisors to be go-getters.
thanks to the distaff side for this mornings laugh....I needed one today...
Yancey Ward wrote:
Let's see...was MF Global teh one Corzine was involved with? In any event, I think you're right. In fact, this time around it might be a run on money management organizations that triggers the major global collapse, not a bank run...
I don't know if I would want someone handling my money someone who makes customer money disappear.
yagij wrote:
I'm guessing (but have no direct knowledge) that it's because the money is easier to steal (no actual stocks, so no SIPC).
Whiskey wrote:
And... it's gone!
Eric wrote:
As in "crap, I need to make a margin call. I'll just grab some of this here cash and replace it later" kind of "steal"?
pavel.chichikov wrote:
Also applies to Fed balance sheet?
On the other hand, if the man proved that he could kill himself successfully, then maybe he's the right choice.
Whiskey wrote:
And here I was hoping it would be bankers that off themselves. /1930s
It's a start.
yagij wrote:
Well, that, and because SIPC isn't on the hook, they don't have any interest in policing it.
yagij wrote:
to the Channel Islands and the Caribbean... wish granted!
dwb wrote:
how do you feel about various tracking technologies?
A trend that is not going away:
Bus ridership is up across the country | Marketplace.org
Eric wrote:
Oy. So why would I use such a service again?
KarmaPolice wrote:
now I know you're crazy
I'm guessing that Peregrian's customers in Iowa were mostly grain farmers/traders. Chicago's Board of Trade in crop futures is probably watching this unfold also.
pavel.chichikov wrote:
At least dogs can write poems that rhyme...
I'm taking Outsider's advice. Join me - sit back and enjoy the show.
"British judge rejects bid by residents of a London high-rise to stop having their building used as a missile base during the Olympics "
The terrorists are winning.
"We have nothing to fear, but fear itself"
Scary stuff. Most of my meager wealth is in an Interactive Brokers account. They seem solid, but people were probably saying that about MF Global too.
Dickeylee wrote:
And just like with MF Global, I expect they will just watch.
justaskin wrote:
I was being funny...
Anywho...there is this:
NYT: Cracks appear in GOP unity on health law repeal - politics - The New York Times - msnbc.com
Eric wrote:
Those regulatory agency doors ain't gonna revolve themselves, yo!
Eric, you're in Chicago, right?
Here you go....
Angry Brokers Leave Firms — and Take $59B with Them
But what do I know I am just a speculator.
shill wrote:
I have to wonder if speculator has the same Latin root as Speculum....
Cinco-X wrote:
Both usually involve looking at a
holes...
Dickeylee wrote:
Yeah, but I've never been much into the futures markets personally.... I've done arb books for funds, but that was all with top-tier brokers and such (although, heh, "back in the day" our clearing firm was BSC).
Eric wrote:
We are going to go to the judges' table to see if it is a valid
Laughing all the way to the bank assholes that is
American Capital Agency Corp., AGNC Stock Quote - (NASDAQ) AGNC, American Capital Agency Corp. Stock Price
Ya $35 smells just as sweet as the $ 28, $29 $30 $31 $32 $ 33 $ 34 priors...
( Whispers ) go speculators I mean assholes.
Isn't there a special investigator involved in the MF Global colapse?
yagij wrote:
ooooo.... and a 4.5 from the French judge!
Comrade Kristina wrote:
KP is Wendy Gramm? That explains a lot.
Dickeylee wrote:
How nice of them to watch.
Mook wrote:
------|------
Dickeylee wrote:
Isn't his name Corzine?
Outsider wrote:
More than half of total employment is by businesses employing over 500 people.
Lot of people at 100-500 employee corps also.
steinly wrote:
shill wrote:
I have no idea. I don't know of any published figures on financial health of clearing firms. The CME is supposed to monitor this. Maybe the CFTC, too, but I really don't know.