Swine flu cases pass 100, vaccine promised U.S. Bank Test Results Delayed as Conclusions Debated Treasuries Head for Sixth Weekly Loss as Economy Stabilizes Stocks fluctuate ahead of manufacturing data Oil falls below $51 amid weak consumer spending "Chip Mason, chief executive and founder of Legg Mason, one of the world's biggest money managers, said yesterday that the credit markets are in the worst state he has seen in his 47 years in the business. ‘It is a very unusual situation. I have not seen anything like this, where nothing is traded.’" Financial Times, December 5, 2007 by Doug Noland | Apr 24 Homebuilders were up 4.6% this week, retailers 3.9% and cyclicals 7.0%. Time for a reflation update. Read more by Martin Hutchinson | Apr 27 The Echoing Trading-floor Caverns Last Wednesday's British budget did very little to rectify that country's yawning fiscal deficit, but what little it did was almost entirely at the expense of the country's high-income earners, those making over 150,000 pounds ($210,000). by Gordon Ringoen | Mar 20 The real problem is that the supply/ demand theory is just about totally wrong. This same theory that did not allow the experts to foresee the financial bubble developing is not going to show us the way out of our dilemma. by Satyajit Das | Apr 13 Credit Default Swaps: Problem Child of the Global Financial Crisis Credit default swaps (CDS) are complex and powerful financial instruments that frequently have unforeseen consequences for market participants and the financial system.Top News
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