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Opinion •
Global
Whether you are a buy-and-hold investor, fundamental trader, or a chart man, be prepared to throw out all you know as the Mother of All Institutional Investors starts lumbering around the trading floor.
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Oct. 14 (Bloomberg) -- Most U.S. stocks fell a day after the market's biggest rally since the 1930s as a worsening outlook for earnings forced investors to look beyond a $2 trillion global push to rescue banks.
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Nouriel Roubini, the professor who predicted the financial crisis in 2006, said the US will suffer its worst recession in 40 years, causing the rally in the stock market to "sputter.'' "We're going to be surprised by the severit
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Former Federal Reserve Chairman Paul Volcker said on Tuesday the U.S. housing sector faced more losses and the economy was in recession even as authorities moved to stabilize the financial system.
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With fears rising that the nation stands on the precipice of a prolonged recession, House Democrats are contemplating a huge infusion of public cash -- as much as $300 billion -- to stoke economic growth by creating public jobs and padding the wallet
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The US has a culture that celebrates laissez-faire capitalism as the economic ideal, but the practice is sometimes different. Over the past century, the US government has nationalized railways, coal mines and steel mills, and it has even taken a cont
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For the past three years, Chaturvedi has been a top collection agent at her call center, phoning hundreds of Americans a day and politely asking them to pay up. As the U.S. financial crisis plunges Americans into debt, her business is one of the fast
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U.S. stocks staged the biggest rally in seven decades on a government plan to buy stakes in banks and a Federal Reserve-led push to flood the global financial system with dollars.
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Michael Douglas could reprise Gekko role
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Of the $250 billion, which will come from the $700 billion bailout approved by Congress, half is to be injected into nine big banks, including Citigroup, Bank of America, Wells Fargo, Goldman Sachs and JPMorgan Chase, officials said.
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Why is gold dropping right now when anyone in their sane mind would expect it to rise? The simple answer to this question is, “because Comex-gold isn’t gold” – and because it deceptively pretends to be ‘the’ price-setter for real gold.
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Since buyers are finding it near impossible to get gold bullion from recognized dealers, many are turning to Ebay where auctions for one ounce Krugerrands and Maple Leafs are fetching anything up to £150 ($260) over spot price.
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The General Accounting Office (GAO) has issued a sobering picture of the future economic condition of the United States, a scenario where a full economic collapse is inevitable, with the only remaining questions being "how and when the nation’s
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Instead of looking to the mainstream for answers to this crisis, why not look to those who saw it coming?
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Under the TARP, the government is authorized to take a wide range of exceptional measures, including the purchase of toxic mortgage-related assets from ailing financial institutions in a bid to unclog frozen credit flows.
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You just have to wonder what goes through people's minds when they watch their pension plans drop 40% or more in value in a couple of weeks, and think about McCain and think about Ron Paul. Nobody likes the guy telling the truth.
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Henry Paulson tapped the company he ran, Goldman Sachs, to hire 35 year old Kashkari, who started as a senior advisor. George W. Bush nominated him as assistant secretary of the Treasury for International Affairs.
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I am a free market Republican,” Neel Kashkari is believed to have said at an American Enterprise Institute Conference some time back. Well, Kashkari’s job over the next few months can’t really be said to be upholding the spirit of a free market.
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Oct. 13 (Bloomberg) -- Neel Kashkari, the U.S. Treasury official overseeing the $700 billion rescue of the financial system, said government equity injections will be aimed at ``healthy'' firms. (He went to Treasury from Wall Street with Paul
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[Just in time to re-elect the incumbents.] The average price of a gallon of gasoline in the United States recorded its largest drop ever as consumer demand continued to wane and oil prices slid. [Now you can blame the free market.]
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Wall Street snapped back today from last week's devastating losses after major governments announced further steps to support the global banking system, including plans by the U.S. Treasury to buy stocks of some banks. All the major indexes rose
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The Federal Reserve led an unprecedented push by central banks to flood the financial system with dollars, backing up government efforts to restore confidence and helping to drive down money-market rates.
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World governments plan to loot their treasuries to save powerful capital interests.
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In what could set an important precedent, federal officials assured a big Japanese bank late Sunday that its planned investment in the embattled Wall Street giant Morgan Stanley would be protected, according to people involved in the talks.
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U.S. lawmakers urged quick action by the Bush administration on measures to make direct purchases of bank stock to help unlock lending. ["Wats 'n yur wallet?!"]
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The new kid at the Treasury hasn't quite learned you really can't talk in public about what you are really up to. New Interim Assistant Secretary of the Office of Stability has been caught on tape providing the true details of what Treasury i
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The market for credit default swaps is unregulated, untransparent, and highly dangerous. And its estimated worth is over 3 times the total value of US equities. "A CDS is a bit like a blind date. At first, they sound like a fantastic idea. But w
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General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports Saturday. The Wall Street Journal, citing people it described as familiar with the discussions, said
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American International Group Inc., castigated by the White House, Congress and Barack Obama for hosting a $440,000 conference days after an $85 billion federal bailout, plans to hold another gathering for brokers next week.
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She said more women are coming in with family heirlooms — like rings and earrings — and more men are willing to part with their guns and power tools for a few weeks, looking for a quick financial fix to fill up their gas tanks or pay off bills
