Posts Tagged 'crisis'

Interview with an Anonymous Head Fund Manager

Part 1 and part 2 of an interview with an anonymous head fund manager about the current state of the economy. (via noah)

Cramer Vs Stewart

Last night’s Cramer Vs Stewart was either the end of Cramer’s career or Stewart’s finest hour. (video and transcripts via Calacanis)

How Things Just went Wrong in the Crisis

The latest Reckoning article is up over at the NY Times and tells us how Wisconsin school boards were actually behaving like high-risk hedge funds to cover their pension funds.

Tribulations of a Bankrupt Nation

Tribulations and life in Iceland while their country has essentially gone bankrupt.

Gordon Brown Declares Iceland Terrorist State

Gordon Brown declared Iceland a terrorist state to freeze all of its assets in the UK.

Daily Financial Crisis Recap 01.11.08

Stocks end higher in the last day of October after a tumultuous month of trading. October was a wild month.

Dow Jones industrial average up 144.32 points, or 1.57 percent, to 9,325.01. It was the first time the Dow had back-to-back gains since the end of September.

Barclay’s is seeking $11.8 billion from Abu Dhabi and Qatar. As much as 32% of the company would be owned by Middle Eastern interests.

Bernanke says that the mortgage system needs more safeguards. Consumer spending slowed to its slowest in four years in September.

Bank of Japan cuts its key interest rate for the first time in 7 years. Banks alter loan terms to forestall upcoming mortgage foreclosures.

The country is showing signs of entering a fierce global recession, with deflation running rampant.

Daily Financial Crisis Recap 30.10.2008

Consumers are already feeling the next crisis, the credit card crunch. It’s normal. In North America, people live beyond their means thanks to credit cards. That’s how people accumulate thousands of dollars of bad debt.

The money is disappearing out of AIG. Analysts wonder where the $123 billion went.

The biggest portion of the Fed loan is apparently being used as collateral for A.I.G.’s derivatives contracts, including credit-default swaps.

Doesn’t sound good. That and exec pay. However, they were asked by Cuomo to halt any bonuses or exec compensation

The economy is showing signs of a slowdown. No shit. It’s at the lowest it has been 17 years. The Dow was up thanks to a report on the economy. It finished at 9,180.69, a gain of 189.73 or 2.11%. This morning, stocks are up as well. The Fed lowered its key interest rate by half a percentage point. Taiwan and a few other Asian countries followed suit.

Japan plans to invest $51 billion into their economy.


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ranjitwithkinginbehand.jpgI'm Range, your host. On the menu, photos, art, stories, entertainment and reviews. Links, maths, education and social issues. I'm in Quebec (Canada) or Taiwan (R.O.C.). Follow me on Twitter.

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