11.9.07
In all our publications, we have recently taken a good, hard look at several facets of the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/0910.html
Tuesday, September 11, 2007
Monday, September 10, 2007
FED: Putting Out Fire with Gasoline
10.9.07
So long as the Feds believe that liquidity is the answer and are prepared to pump more money into the financial system then we can only see further weakening of the Dollar and further strengthening of gold. As investors begin to realize that gold not only offers a safe haven for their wealth it is also offering attractive returns as demonstrated by Fridays close of $700.10/oz.
http://biz.yahoo.com/seekingalpha/070910/46792_id.html?.v=1
So long as the Feds believe that liquidity is the answer and are prepared to pump more money into the financial system then we can only see further weakening of the Dollar and further strengthening of gold. As investors begin to realize that gold not only offers a safe haven for their wealth it is also offering attractive returns as demonstrated by Fridays close of $700.10/oz.
http://biz.yahoo.com/seekingalpha/070910/46792_id.html?.v=1
Saturday, September 8, 2007
Financial Storm
29.8.07
Now begins global financial instability. It is impossible to speculate how long today's turmoil will last-but there now exists an uncertainty and lack of confidence that has been unparalleled since the 1930s-and this ignorance and fear is itself a crucial factor. The moment of reckoning for bankers and bosses has arrived. What is very clear is that losses are massive and the entire developed world is now experiencing the worst economic crisis since 1945
http://www.zmag.org/sustainers/content/2007-08/29kolko.cfm
Now begins global financial instability. It is impossible to speculate how long today's turmoil will last-but there now exists an uncertainty and lack of confidence that has been unparalleled since the 1930s-and this ignorance and fear is itself a crucial factor. The moment of reckoning for bankers and bosses has arrived. What is very clear is that losses are massive and the entire developed world is now experiencing the worst economic crisis since 1945
http://www.zmag.org/sustainers/content/2007-08/29kolko.cfm
TOO BIG TO BE BAILED OUT
7.9.07
Even without the incentives of a government bailout luring more people into default, policy makers simply have no idea as to the scope of the problem.
http://www.financialsense.com/fsu/editorials/schiff/2007/0907.html
Even without the incentives of a government bailout luring more people into default, policy makers simply have no idea as to the scope of the problem.
http://www.financialsense.com/fsu/editorials/schiff/2007/0907.html
Sunday, September 2, 2007
Comptroller General warns (again), we're 'bankrupting America'
27.8.07
Except for a short piece in London's Financial Times, Walker's warnings were generally ignored by the American press, by the public and even by the very Congress that hired him and has the power to do something, yet still refuses to heed his warnings.
http://www.marketwatch.com/news/story/if-we-rome-wall-street/story.aspx?guid=%7BE71DF12D%2D6F67%2D4D51%2D8A77%2D1AA17A4C57BC%7D
Except for a short piece in London's Financial Times, Walker's warnings were generally ignored by the American press, by the public and even by the very Congress that hired him and has the power to do something, yet still refuses to heed his warnings.
http://www.marketwatch.com/news/story/if-we-rome-wall-street/story.aspx?guid=%7BE71DF12D%2D6F67%2D4D51%2D8A77%2D1AA17A4C57BC%7D
Wednesday, August 29, 2007
25 QUOTES ON THE CREDIT CRISIS
28.8.07
The financial market globally is up to its elbows in one of the strangest and most complicated credit crises in history. Events have come in rapid succession with mind-numbing effect. No sooner does the dust settle in one part of the market than it is kicked up in another. Through it all, the reactions on the part of the participants have been the stuff of a good financial thriller. We thought it would be interesting to catalog some of that reaction for you on one web page. So here they are - from the witty and profound to the scary and downright silly - our Top 25 Quotes on the Credit Crisis of '07http://www.financialsense.com/editorials/kosares/2007/0828.html
The financial market globally is up to its elbows in one of the strangest and most complicated credit crises in history. Events have come in rapid succession with mind-numbing effect. No sooner does the dust settle in one part of the market than it is kicked up in another. Through it all, the reactions on the part of the participants have been the stuff of a good financial thriller. We thought it would be interesting to catalog some of that reaction for you on one web page. So here they are - from the witty and profound to the scary and downright silly - our Top 25 Quotes on the Credit Crisis of '07http://www.financialsense.com/editorials/kosares/2007/0828.html
Sunday, August 26, 2007
Top 25 Derivative Bank Nightmares
http://www.rense.com/general77/topfe.htm
Check the derivative book of the 25 banks with the highest derivative book
Check the derivative book of the 25 banks with the highest derivative book
Fed bends rules to help two big banks
24.8.07
If the Federal Reserve is waiving a fundamental principle in banking regulation, the credit crunch must still be sapping the strength of America's biggest banks.
http://money.cnn.com/2007/08/24/magazines/fortune/eavis_citigroup.fortune/index.htm?postversion=2007082417
If the Federal Reserve is waiving a fundamental principle in banking regulation, the credit crunch must still be sapping the strength of America's biggest banks.
http://money.cnn.com/2007/08/24/magazines/fortune/eavis_citigroup.fortune/index.htm?postversion=2007082417
THE LIQUIDITY CRISIS OF 2007
24.8.07
Is the current stock market correction a healthy correction, or thestart of a bear market? http://www.financialsense.com/fsu/editorials/sutton/2007/0824.html
Is the current stock market correction a healthy correction, or thestart of a bear market? http://www.financialsense.com/fsu/editorials/sutton/2007/0824.html
Thursday, August 23, 2007
Top Swiss banker attacks US lending standards as 'unbelievable'
21.8.07
Jean-Pierre Roth, president of the Swiss National Bank, said market turmoil was far from over as tremors from the sub-prime debacle continued to rock the world.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/20/bcnswiss20.xml
Jean-Pierre Roth, president of the Swiss National Bank, said market turmoil was far from over as tremors from the sub-prime debacle continued to rock the world.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/20/bcnswiss20.xml
Sunday, August 19, 2007
Inflation
15.8.07
The Labor Department's most recent inflation data showed that U.S. food prices rose by 4.2 percent for the 12 months ending in July, but a deeper look at the numbers reveals that the price of milk, eggs and other essentials in the American diet are actually rising by double digits
http://www.mcclatchydc.com/227/story/18902.html
The Labor Department's most recent inflation data showed that U.S. food prices rose by 4.2 percent for the 12 months ending in July, but a deeper look at the numbers reveals that the price of milk, eggs and other essentials in the American diet are actually rising by double digits
http://www.mcclatchydc.com/227/story/18902.html
The Archdruid Report
15.8.07
The carnage began with mortgage companies, not so long ago the darlings of the financial press. Eighty-odd of them have imploded in the last few months as they discovered that if you loan money to people who can’t pay it back – who’d have thought? – they can’t pay it back. Next it was the turn of hedge funds that speculated in mortgage debt, with two Bear Sterns funds leading the rush to insolvency
http://thearchdruidreport.blogspot.com/
The carnage began with mortgage companies, not so long ago the darlings of the financial press. Eighty-odd of them have imploded in the last few months as they discovered that if you loan money to people who can’t pay it back – who’d have thought? – they can’t pay it back. Next it was the turn of hedge funds that speculated in mortgage debt, with two Bear Sterns funds leading the rush to insolvency
http://thearchdruidreport.blogspot.com/
Saturday, August 18, 2007
A Bull Market in Fools
16.8.07
The one thing needful at the top of each bubble, the rabble also takes on the role of greatest sucker, too. Piling in as the smart money runs for the exits, the common or garden investor pays top price. He or she is then left holding the "asset" as its price collapses...and by that time, the Lear jets have long since cleared the tarmac...taking the money with them.
http://www.whiskeyandgunpowder.com/Archives/2007/20070817.html
The one thing needful at the top of each bubble, the rabble also takes on the role of greatest sucker, too. Piling in as the smart money runs for the exits, the common or garden investor pays top price. He or she is then left holding the "asset" as its price collapses...and by that time, the Lear jets have long since cleared the tarmac...taking the money with them.
http://www.whiskeyandgunpowder.com/Archives/2007/20070817.html
Is This a Run on the Bank?
14.8.07
What Sentinel Management's Redemption Halt Really Means
http://www.minyanville.com/articles/sentinel-gs-equity-cash-market-money-fund/index/a/13704
What Sentinel Management's Redemption Halt Really Means
http://www.minyanville.com/articles/sentinel-gs-equity-cash-market-money-fund/index/a/13704
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