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Jun 19, 2010

FGC BOLSA -FGC FINANCIAL MARKETS : MarketWatch.- Industry Financial Services.-Reno, Nev. bank is 83rd to fail in 2010. / Monday stocks to watch: Sonic, Luby's, Apple June 19th., 2010





INDUSTRY: FINANCIAL SERVICES



By John Letzing MarketWatch
6/19/2010 12:17:00 PM



Reno-based Nevada Security Bank was closed Friday by regulators, marking the 83rd U.S. bank failure of the year as the lingering credit crisis continues to claim victims. See full story

Monday stocks to watch: Sonic, Luby's, Apple

 By Rebecca L. McClay MarketWatch
6/19/2010 12:12:00 PM



Among the companies whose shares are expected to see active trade in Monday's session are Sonic Corp., Luby's Inc. and Apple Inc. See full story



Economist's View : Tail Risks, Time Lags, and Herding Behavior. June 19th., 2010

Economist's View


Tail Risks, Time Lags, and Herding Behavior

Rajiv Sethi explains how herding behavior toward high risk outcomes can occur, and how this can happen without assuming the kinds of departures from rationality observed in behavioral economics:
[For] tail risks...: there can be a significant time lag between the acceptance of the risk and the realization of a catastrophic event. In the interim, those who embrace the risk will generate unusually high profits and place their less sanguine competitors in the difficult position of either following their lead or accepting a progressively diminishing market share. The result is herd behavior with entire industries acting as if they share the expectations of the most optimistic among them. It is competitive pressure rather than human psychology that causes firms to act in this way, and their actions are often taken against their own better judgment. 
This ecological perspective lies at the heart of Hyman Minsky's analysis of financial instability, and it can be applied more generally to tail risks of all kinds. ... As an account of the (environmental and financial) catastrophes with which we continue to grapple, I find it more compelling and complete than the psychological story. And it has the virtue of not depending for its validity on systematic, persistent, and largely unexplained cognitive biases among professionals in high stakes situations.
More here.

FGC BOLSA - FGC FINANCIAL MARKETS : MarketWatch - Industry Financial Services.- The week's Top 10 videos . June 19th., 2010






INDUSTRY: FINANCIAL SERVICES


Top Ten: The week's Top 10 videos on MarketWatch  
By MarketWatch
6/19/2010 8:01:00 AM



In case you missed them, here are the top 10 videos that appeared on MarketWatch for the week of June 14-18: See full story

MarketWatch : Personal Finance daily.- This week's top Personal Finance stories. June 19., 2010

MarketWatch
Personal Finance Daily
JUNE 19, 2010

This week's top Personal Finance stories

By MarketWatch



In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of June 14-18:

Dads find work-family juggle a struggle, too

Eager to spend more time with his kids and looking for more on-the-job flexibility, Steve Rosen, a 36-year-old father of two, left his job with Comcast in mid-April, and now helps his wife run her pet-services business, Fur-Get Me Not.
See Diary of a Recession Baby.


Five tips to protect new dads' health

Attention, expectant dads: Moms aren't the only ones who experience health risks before or after birth. Even though fathers-to-be don't go through the physical changes of carrying a child, some have insomnia, nausea, irritability or even labor pains, a condition called Couvade syndrome, or sympathetic pregnancy.
See story on five tips to protect new dads' health.


Without jobs, housing rebound may take years

With the job market in dire straits, household incomes declining and foreclosures dragging down home values, the housing market may take years to recover, according to the annual State of the Nation's Housing report released Monday by Harvard University's Joint Center for Housing Studies.
See Amy Hoak's Home Economics.


Facing new pressure, health plans beef up customer service

Cutting inscrutable health-insurance jargon out of their communications. Opening retail stores to answer people's questions and offer wellness classes. Measuring customer-service efforts to give callers a better experience.
See Vital Signs.


Doctors, the unemployed squeezed by Congress's inaction

About 1.2 million jobless workers are expected to lose unemployment benefits this month, and doctors will start to see a 21% cut in Medicare payments Friday, following the Senate's inability to move forward with the far-reaching jobs and tax-extenders bill.
See story on doctors, the unemployed squeezed by Congress's inaction.


Portfolio rebalancing: How to do it right

Right about now, your broker or mutual-fund firm is sending you a note suggesting that midyear is a good time to rebalance your portfolio. But are they right? Maybe.
See Robert Powell's Your Portfolio.


Debit-card fee debate could cost consumers

Most shoppers don't realize they are in the middle of a heated debate over the fees merchants pay to banks on debit-card transactions, but the outcome may bring steeper costs and fewer rewards for consumers.
See Jennifer Waters's Consumer Confidential.


Bank reform loopholes are roadmap to trouble

If you want to figure out where the next big financial crisis is coming, watch the proceedings in Washington over the next two weeks. Whatever pieces of the proposed financial reform legislation get watered down or eliminated during current negotiations will create the holes that future bad actors slip through.
See Chuck Jaffe.


One in five older Americans a victim of financial fraud: survey

Whether it's a rebate check from Medicare, an oil spill in the Gulf of Mexico, or any other headline news, there's likely a scam artist not far behind. And more often than not, the victim is an older American.
See Robert Powell.


Federal Reserve caps credit-card penalty fees at $25

Consumers, particularly those who are consistently late in paying their credit-card bills, now can breathe a sigh of relief: The Federal Reserve said Tuesday it is limiting penalty fees to no more than $25 in most cases as well as banning so-called "inactivity" fees.
See story on Federal Reserve caps credit-card penalty fees at $25.

THE GATA DISPATCH : Brien Lundin: Gold's (almost) free at last:( Published by Gata June 19th.,.2010

Brien Lundin: Gold's (almost) free at last

8p ET Friday, June 18, 2010
Dear Friend of GATA and Gold:
In an interview today with Brian Sylvester for The Gold Report, Gold Newsletter editor and New Orleans Investment Conference organizer Brien Lundin explains why and how governments manipulate the gold market, quotes GATA consultant Frank Veneroso on the likely depletion of central bank gold reserves via gold leasing, predicts that gold is breaking out now anyway, offers some stock recommendations, and generally earns another tinfoil hat. The interview with Lundin is headlined "Brien Lundin: Gold's (Almost) Free at Last" and you can find it at The Gold Report here:
http://www.theaureport.com/pub/na/6573
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Support GATA by purchasing a colorful GATA T-shirt: http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:

http://www.gata.org/node/16