FYI: This is the story that everyone’s talking about today, gold and metals stocks are going berzerk in the pre-market as of this writing because of it: From The Independent: In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to…
Middle East
More Hot Links: World's Longest Bridge
More Hot Links for Weekend Reading… Legendary Las Vegas impresario Bob Stupak has passed. (WSJ) Is NBC really a core business for GE or is it, in fact, up for sale, along with CNBC? (ZeroHedge) Cool: The legendary trading culture of Susquehanna International. (InfectiousGreed) A behind the scenes look at Andrew Cuomo, the New York…
Kidz Korner: Why Come Cars Don't Take Natural Gas?
Kidz Korner is a feature here on The Reformed Broker where I explain complex financial issues to kids from the neighborhood in a simple, straightforward way. __________________________________________________________ Little Timmy Johnson: My mom was cursing under her breath the other day when she was filling up her car at the gas station, why was she so…
Yet Another Example of Why World War III is Inevitable
[youtube=http://www.youtube.com/watch?v=CEWMwjisnDc] Sad.
Yes, Melissa…OPEC is, in fact, a Cartel
CNBC’s Melissa Francis inadvertently ticked off one of the lovely OPEC ministers she was pointlessly attempting to interview by referring to the organization as a “Cartel“. Melissa shouldn’t apologize, she was right on the money… From Wikipedia: A cartel is a counterfeit agreement among industries. It is an informal organization of producers that…
Vikings Do It Better
“The strongest man is he who stands alone in the world” – Norwegian Playwright Henrik Ibsen Fascinating story in the NY Times this morning about how Norway, a nation of less than 5 million people but a relatively huge $68 billion in oil revenue last year, was able to buck the global crisis. Preservation of…
