Karate Kim

Recent Actions

• Favorited The Lonely Night Shift Lotto Winner on Gothamist
• Commented on Fed Cuts Interest Rate to 1%, Lowest Level in 4 Years
  A lot of people have criticized the Fed for being lax on inflation, as they focused on “core inflation” which excludes the big food and energy prices. However Bernanke seems to have been right, inflationary pressure from commodities has reversed...
• Commented on Wells Fargo Proceeds with Wachovia Purchase
  It’s not quite that simple. Wells walked away from Wac on that Friday and Citi was forced into this acquisition by the FDIC. The FDIC is strapped for cash given all the smaller regional banks around the country that are...
• Commented on Confidence in Short Supply: Global Markets Down, Dow Falls 400 Points in First MInutes of Trading
  Austin Baird, a lot mutual funds and hedge funds are being "forced to sell" into the market because investors/retires are scared and want to sit in cash. Right now the bid/ask spread on stocks are blowing out because there are...
• Commented on Fed Chairman Talks, Dow Still Tumbles
  Very good grasshopper. I generally agree that the government should not be interfering with the markets except to properly regulate certain entities. But it is the Fed's mandate to act as "lender of last resort" to extend credit to depository...