Rex Tillerson, CEO of Exxon Mobil, just slapped the global oil industry upside the head with his $41 billion deal to buy nat gas giant XTO.
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Anticlimactic.
Let me get this straight… Citigroup Raising Tens of Billions To Pay Back TARP! The Abu Dhabi Cavalry Rides to the Rescue to Bailout Dubai! Exxon Mobil Announces $41 Billion Buyout of Nat Gas Giant XTO Energy! and the S&P 500 is up (drumroll)….. 7 points. Dow up 32. Wake me up in January, the…
Decoding Fund Brochures
Fund Brochure Says: Balanced.
What it Really Means: “We Will Underperform Both the Stock market AND The Bond Market. You’re Welcome.
about those lagging indicators…
By Tom Toles
Mint's Return Of Retail (Holiday Season 2009)
Did the consumer come back during the 2009 holiday shopping season? Here’s an infographic from Mint.com that says yes.
Dear Class of 2010, Here Are Your Job Options
To those of you who will be graduating next spring, use these five industries as your starting point for locating job opportunities. The upside for those engaged in bankruptcy, union labor, regulation, lobbying and big government will be nothing short of staggering.
Paul Wilmott on Britain's Windfall Banker Tax
They actually did it in Great Britain… From the New York Times: In Britain the first shots have just been fired by Alistair Darling, the chancellor of the Exchequer, our very own, very unlikely Wyatt Earp. On Wednesday he introduced a windfall tax of 50 percent to be paid by banks on discretionary bonuses above…
Saturday Night Video: Not So Mellow Gold
Glenn Beck and his gold worship got the Daily Show treatment this week (h/t Paul Kedrosky)… www.thedailyshow.com
30,000 New Job Openings…
We’ll see if any ex-retail clerks or out-of-work mortgage brokers want to take Obama up on these job openings.
Burton Malkiel: Proponents of a Transactions Tax Misunderstand How Markets Work
“Don’t tax you, don’t tax me, tax that fellow behind the tree.”
