Ponder this for a brief second: before June 11, 2012, the financial jargon word “Spailout” never existed.
Perhaps it was scribbled on a whiteboard hung in an investment bank conference room should Spain score some money from an outside party to save its banking system (sound smart: “bailout”), but it wasn't shared with the public.
Boy, we extend an open invitation to any government official to join us as a Decoding Wall St. member free for a week. The lines of questioning and understanding of the broad economy, and the economy’s intricacies, were very painful to listen to at Ben Bernanke’s latest presentation before Congress.
“ECB” would be short for European Central Bank, and this institution is so integral to the functioning of the European financial system that it had the entire world watching yesterday. In a televised live conference with media people and other VIPs, the chief of the ECB (be smart: president) Mario Draghi served up a letdown information wise to onlook
We are cutting right to the chase today. The re-emergence of the EU financial crisis as a ginormous risk to your personal wealth is going on two plus months.
Congrats, you made it to Friday. Throughout the course of the holiday shortened week, unless locked in a bunker, you have consumed a piece of content via a smartphone or a desktop. Ever think why you chose to click on one story and ignore another?
How in the world do former no names on Wall Street and the financial services at large go onto become household names, at least to those somewhat familiar with the industry?
Our fresh-faced editor Brian Sozzi is like an old Ford truck when it comes to investing and Wall Street, broken in. The typical Wall Streeter takes great pride in having the mental strength to work damn near ‘round the clock to crunch numbers on a deal that’s in the works or to monitor overseas markets.
To decode Wall Street is to tear down those conventionally held wisdoms fed to the average Joe by the men and women controlling the global flow of mooolah, in addition to trying to make sense of their funny jargon (see the “Financial Jargon Word of the Day” on our homepage).
Let’s say you own a single share in a single company. Four times a year the company as required by law (be smart: governing agency is the SEC) will release its quarterly earnings (sound smart: 8-k). Normally this will happen during “earnings season”, an intense month long season for the on and off Wall Street folk as companies bombard them with their financials.