Prudent Bear
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The right and wrong way to bail out the banks
- FT ($)
- Soros
- 01/23/2009 06:36 AM
GE Profit Declines as Credit Crisis Saps Finance Segment Income
- Bloomberg
- 01/23/2009 06:16 AM
U.K. Economy Shrinks Most Since 1980, in Recession
- Bloomberg
- 01/23/2009 04:22 AM
Citigroup, Bank of America ‘Nationalized’ as U.S. Calls Shots
- Bloomberg
- 01/23/2009 04:14 AM
Microsoft Cuts 5,000 Jobs as Recession Curbs Growth
- Bloomberg
- 01/22/2009 02:28 PM
Market Movers
Archive
Gold Gains in London as ETF Investment Demand Reaches Record
- Bloomberg
- 01/23/2009 06:18 AM
U.S. Stock-Index Futures Fall; AMD, Capital One, Pfizer Decline
- Bloomberg
- 01/23/2009 04:44 AM
World markets retreat amid growing corporate woes
- AP
- 01/23/2009 04:12 AM
Yen Approaches 13-Year High Versus Dollar, Surges Against Pound
- Bloomberg
- 01/23/2009 04:41 AM
Oil falls to near $42 as US crude demand weakens
- AP
- 01/23/2009 04:24 AM
Euro falls against dollar to $1.2818
- AP
- 01/23/2009 04:26 AM
Quotable
"The fallout from the US subprime mortgage crisis has added further pressure to structured investment products, prompting ratings agencies to act on the deterioration in performance at a number of different vehicles. Standard & Poor’s issued a string of downgrades and negative watch notices on a number of SIV-lite programmes…"
Financial Times, August 23, 2007
Commentary
Credit Bubble Bulletin
by Doug Noland | Jan 16
Bank stocks trade as if the world is coming to an end. At the same time, some indicators point toward system stabilization.
Read moreThe Bear's Lair
by Martin Hutchinson | Jan 19
As the $1.19 trillion forecast 2009 U.S. budget deficit combines with the forthcoming $825 billion (and counting) stimulus package, observers seem convinced that for some mystical reason U.S. Treasuries are a “safe haven” – endlessly attractive to Asian and Middle Eastern central banks and therefore able to yield considerably less than the expected rate of inflation over their life.
Read moreFeatured Commentary
by Satyajit Das | Dec 15
Where did all the money disappear? Liquid fantasies
In this current financial crisis, the quantum of available capital, the munificent resources of central banks and sovereign wealth funds, and the globalization of capital flows may be some of the accepted "facts" that are revealed to be grand illusions.
Read moreGuest Commentary
by James Quinn | Jan 5
Unintended Consequences - 20th Century and Beyond
The president, Congress, Federal Reserve, and Treasury try mightily to direct our economy. It is an impossible task.
Read more