Wall Street’s big banks worse than Enron: Nomi Prins

 

Nomi Prins fears that while Washington ponders what to do, or not do, about reforming Wall Street, the nation’s biggest banks, plumped up on government capital and risk-infused trading profits, have been moving stuff around their balance sheets like a multi-billion dollar musical chairs game.
 
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Jim Rogers explains why gold is rising

 

According to top investor Jim Rogers, gold’s recent price surge is thanks to budget deficits. Deficits are going berserk nearly everywhere. Throughout history, printing money has led to weaker currencies and higher prices for real assets, he added. “Here are many, many pessimists about the dollar, including me. So many pessimists that I suspect there’s a rally coming”, said Jim.
 
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2010 to be brutal says Morgan Stanley

Morgan Stanley’s head of European research Teun Draaisma is out with a market outlook for 2010. According to the Morgan Stanley after an easy 2009, characterized by a sharp rebound in expectations and a river of cheap money, 2010 will be a slog.

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