WALL STREET @MainandWall™: May 2011

Monday, May 30, 2011

Investing is A Game.......

And it's Played From The Buy Side.........

That is Why the Business Has Been moving to a New Model.......

The Simple truth when you follow the Money

It that the Systme No longer Exists to Finance The Private Sector But To Milk It....

Nobody says it has to be Perfect but the Net Effect is so Far off the Charts that it has clearly morphed into Something Else...A Vacuum Cleaner.....And It's Stated Purpose no more than a front for this pathological Activity

A World Class Financial System this is What made this Country Great - Our Competitive Advantage - Our Leadership Position - This Is no longer The cace it has been lost we are now "average" no worse but no Better. This Competive Advantage has been lost......

Beyond the World of Packaged Goods and Structured Products.....Built by GM

Friday, May 27, 2011

Investment Management is not the Domain of the Magic Kingdom........

Never has been.......Never will be........

Thursday, May 19, 2011

New Times Times 05/19/2011

Paris - The French finance minister, Christine Lagarde, was on a panel at the World Economic Forum in Davos this January when her usual smile turned into a frown. Next to her, Robert E> Diamond Jr., Chief executive of Barclays and one of the most powerful bankers in the World, Thanked regulators and finance ministers for their role in Shaping a better environment after the financial crisis.
Ms. Lagarde looked him in the eye, "The best way for the banking sector to say thank you would be to actually have, you know, good financing of the economy, sensible compensation systems in place and reinforcement of their capital, " she replied, to a burst of applause.

Therein lies the problem...That wish list is so far from their business model it sounds revolutionary...