$$$ “It has exceeded all my nightmares,” said Jeff Meyer, chief executive, reflecting on Gartmore’s recent troubles. Earlier this year another fund manager left after being exposed for breaching internal rules. [Telegraph]
$$$ J.P. Morgan, BofA Report Perfect Trading Quarters [WSJ]
$$$ Eight Explanations for the Mystery California Missile Launch [NYM]
$$$ Wall St. Fuels a Rise in Wages in Manhattan [City Room]
$$$ “Quantitative Easing or QE is a euphemism for monetization of government debt or simply the electronic equivalent of ‘printing money,’” Einhorn wrote in his latest letter to investors, which you can read in full here. “We have been expecting that eventually the Fed would be forced to monetize the debt (either during the next recession or if the Treasury ceased to be able to find buyers of its debt at acceptable rates) with dire consequences.” [Reuters. Dealbreaker]
$$$ Nouriel Roubini: Here’s Why a Gold Standard Won’t Work [NetNet]
Hey, no harm, no foul, right?
-Robert Gates
http://pabstblueribbon.wordpress.com/2010/11/01/pbr-presents-the-great-american-small-brawl/
But Quantitative Easing has such a nice ring to it, there, Einy ole boy.
wolf > roubini
http://blogs.ft.com/martin-wolf-exchange/2010/11/01/could-the-world-go-back-to-the-gold-standard/
Jeffrey Meyer is a CEO?! But the kid is only 26 and I thought he specialized in baseball. This is exactly what is wrong with the finance industry today!
Teri Buhl went to court today and if the allegations are proven, she’s a very fucked up chick (2 pics of her at the first link) http://newcanaan.patch.com/articles/disturbing-story-emerges-in-new-canaan-journalist-case
http://fairfieldweekly.com/news/featured-news/party-foul-028458
Man that is messed up that she would harass the hell out of her own boyfriend’s 17-year-old daughter and unremorsefully do it in the name of “journalism.” Allegedly.
Jeffrey Meyer should ask Stanford what really is a NIGHMARE
Downright sick.
And by the way, wtf? What planet is she from that she thinks it’s news to anybody that teenagers in New Canaan party and get wasted? She’s 38– so that means that she was in high school circa 1986-1990– not exactly the “leave-it-to-Beaver” era (if such a thing ever really existed)
You have to fight….for your right…..to party.
-Jason Tyler Cofrabre’
Junior
Wackess-Bush College Prep
Fairfield, CT
Speaking of missiles, my heat seeking moisture missile was well commented on last night.
Sitting in a meeting room atop Gartmore’s City base, Meyer argues a convincing case. He has worked in asset management for only five years — before that he was at Bear Stearns, Schroders and Lehman Brothers. Those who know him say he is a clever man-manager and a good communicator, not what you expect from a former investment banker. “He has great emotional intelligence. He knows how to get the best out of people,” says Patrick Healy, deputy chief executive of Hellman & Friedman. “But most importantly, he’s a man with a plan.”
he is in top 5 of ex-FIG bankers made huge
Including the italian dude @ Paulson, Flowers, some reinsurance CEOs, and Hunters $1Billion Hedge