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May 08, 2008 |
The delusion of markets
Asia Times
Through the second half of 2007 to the collapse of Bear Stearns, US equity indexes were leading America into recession. Markets were discounting shares to reflect serious and prolonged earnings and profit reduction. Stock prices were indicating a long hard fall. Serious turmoil in the financial industry, housing collapse and macro-economic weakness were seen as imminent and selling pressure was relentless. |
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May 08, 2008 |
Citigroup on the auction block: $400bn sale
Miscellaneous
NEW YORK (Reuters) - Citigroup Inc (C.N) will present as much as $400 billion of "non-core" assets that can be sold by the bank when it meets investors and analysts on Friday, a person familiar with the situation said. |
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May 02, 2008 |
Fed joins with European banks to battle credit crisis
Yahoo! News
The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination with European central banks. |
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May 02, 2008 |
Kuwait Sovereign Fund May Boost Citi, Merrill Stakes
Bloomberg
Kuwait's $250 billion sovereign wealth fund may boost its stakes in Citigroup Inc. and Merrill Lynch & Co. as it pursues investments in companies battered by subprime- mortgage related losses. |
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May 01, 2008 |
National DNA database gets kickstart from feds
Worldnet Daily
With virtually no fanfare, President Bush signed into law a plan ordering the government to take no more than six months to set up a "national contingency plan" to screen newborns' DNA in case of a "public health emergency." |
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April 29, 2008 |
What the Fed Could Learn from Europe's Central Bank
Speigel Online
Never before have the central banks of the United States and Europe pursued such divergent strategies when it comes to dealing with a financial crisis. The increased value of the euro against the dollar reveals which strategy is working. |
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April 25, 2008 |
Food Crisis Starts Eclipsing Climate Change Worries
New York Sun
The campaign against climate change could be set back by the global food crisis, as foreign populations turn against measures to use foodstuffs as substitutes for fossil fuels. |
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April 24, 2008 |
Brazil Oil Finds May End Reliance on Middle East
Bloomberg
Brazil's discoveries of what may be two of the world's three biggest oil finds in the past 30 years could help end the Western Hemisphere's reliance on Middle East crude, Strategic Forecasting Inc. said. |
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April 23, 2008 |
The Socialization of Risk
McAlvany Weekly Commentary
Audio commentary: How You Pay the Price for Wall Street’s Speculation. |
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April 23, 2008 |
The Role of Speculators in the Global Food Crisis
Speigel Online
Commodity speculation spread long ago from standard products like oil and gold to anything edible and available for trade on the Chicago Futures Exchange. These days there are futures contracts for everything from wheat to oranges to pork bellies. |
