To leverage political crisis in Pakistan, use MCB Bank ADRs, Pakistan’s most profitable bank. It has a return on average equity of 38 percent and loan profitability of 8 percent.

A budget airliner made a profit. I wonder how old I will be the next time I write this?

I would love to be a shareholder in this company. It has a superb record… it is highly profitable… it pays a handsome dividend… it has cash in the bank…. and it is a global leader with every chance of growing its business both this year and for several years to come.

Following close on the heels of my article ‘AIM – The Exodus Begins’ (May 20th) in which I criticised the London Stock Exchange for chasing new entrants to AIM rather than taking care of those companies already there, it has come up with a new initiative which it promises can offer the latter ‘huge value’.

When is a Black Swan not a Black Swan? When the “perfect storm of highly improbable events” happens all the time.

There’s been a return to risk aversion overnight, as some news from the United Kingdom has reignited the fears that the banks may still be sitting on a ton of bad debt… Of course, as Pfennig readers, you already know this…

Dow Enacts Biggest-Ever Price Increase; South Africa Inflation Soars 10.4% in April; GE Closes the Spigot on Water Use; Dollar Tree Sprouts 14% 1Q Profit, Fed Governor Retires; Rockefeller Proposal Defeated; DHL Delivered by UPS; Deceptive Dell.

So far, the Fed’s magic is working: Sub-prime is leaving primetime.

And last night was only the beginning… it’s certainly good news for candle makers.

Garry White’s in a fightin’ mood today. Just check out this quote from today’s Smart Commodities: “Blair didn’t have the balls to make essential decisions that would have secured our energy future”.