Thursday 17 December 2009

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Stocks open lower on weak jobs data, rising dollar

  • AP
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  • 12/17/2009 08:44 AM

Greece Defends Deficit Plan After S&P Cut; Stocks, Bonds Slide

  • Bloomberg
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  • 12/17/2009 06:45 AM

Treasuries Advance as Greece Rating Cut Spurs Demand for Safety

  • Bloomberg
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  • 12/17/2009 06:18 AM

Gold Drops in London as Dollar Strength Curbs Investment Demand

  • Bloomberg
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  • 12/17/2009 06:47 AM

Dollar Rises as Greek Downgrade Fans Safety Demand; Stocks Fall

  • Bloomberg
    •  
  • 12/17/2009 06:04 AM

Quotable

"US bank earnings plunged nearly 25% in the third quarter, falling below $30bn for the first time since 2003 as the sagging US housing market hit profits… Net income for banks in the period fell to $28.7bn, down $9.4bn from last year driven by a steep increase in provisions for loan losses and a drop in non-interest income, according to the FDIC. Loan loss provisions rose $9.2bn, or 122%, to $16.6bn compared to the same period a year earlier… The $16.6bn in provisions is the most made since the second quarter of 1987..."

Financial Times, November 28, 2007


Commentary

Credit Bubble Bulletin

by Doug Noland | Dec 11

Q3 2009 Flow of Funds

It was another unsettled week for global financial markets.  Global bond markets have been under some pressure, while equities have so far proved resilient.

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The Bear's Lair

by Martin Hutchinson | Dec 14

Mad Mathesis

We've now lived through the same new disaster twice.

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Featured Commentary

by Peter Souleles | Nov 24

One generation to regeneration

I dare say that everyone between the ages of 25 and death is living with regrets about the past, anxieties about the future or both.

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Guest Commentary

by Gregg Jahnke | Dec 8

Light holiday reading and the future of Western civilization

There is no better way to get into the Christmas spirit than to read the two chronicles of our recent financial disaster, Andrew Ross Sorkin's "Too Big to Fail" and Charles Gasparino's "The Sellout."

Read more




Posted by Britannia Radio at 14:55