The Insurer Capco, a Pillar of Lehman, Begins to Look Flimsy - NYTimes.com
At times you would think the whole US Finanical industry is a huge ponzi scheme.
Focusing on current trends and ways to profit from them "There's a sucker born every minute. These are the people who believe that this time it's different. "
Friday, July 31, 2009
Q2 GDP: -1%, -6.4% for Q1
Q2 GDP: -1%
Really ugly number from Q1
If we get a revision down and things to do not improve we will be temping the 10% mark. A key indicator of a depression.
Really ugly number from Q1
If we get a revision down and things to do not improve we will be temping the 10% mark. A key indicator of a depression.
Tuesday, July 28, 2009
News from 1930: Monday, July 28, 1930: Dow 240.31 +2.83 (1.2%)
News from 1930: Monday, July 28, 1930: Dow 240.31 +2.83 (1.2%)
or a ringing heard in 2009
Germany in crisis: von Hindenburg's dissolution of the Reichstag is climax of long series of financial crises. After a remarkable economic recovery in the past five years, Germany's access to foreign capital has been cut off by the financial crisis; they're now faced with severe unemployment and need to bridge large budget deficits. Temporary dictatorship is an opportunity for drastic measures, though there is some worry that after new elections Socialists and National Socialists will gain. Some positives in continued export growth and solid condition of Reichsbank.
or a ringing heard in 2009
Germany in crisis: von Hindenburg's dissolution of the Reichstag is climax of long series of financial crises. After a remarkable economic recovery in the past five years, Germany's access to foreign capital has been cut off by the financial crisis; they're now faced with severe unemployment and need to bridge large budget deficits. Temporary dictatorship is an opportunity for drastic measures, though there is some worry that after new elections Socialists and National Socialists will gain. Some positives in continued export growth and solid condition of Reichsbank.
Monday, July 27, 2009
The Scary Reason Healthcare Can't Be Reformed
The Scary Reason Healthcare Can't Be Reformed
Some good thoughts about Heath care
Some good thoughts about Heath care
Regional banks on the brink - MSN Money
Regional banks on the brink - MSN Money
Problems are not over for the banks by a long shot.
Problems are not over for the banks by a long shot.
El Nino threat blows commodity prices higher - Telegraph
El Nino threat blows commodity prices higher - Telegraph
What is the differnce between a recession and depression-Famine
What is the differnce between a recession and depression-Famine
Citi ‘milestone’ as Washington takes 34% stake
FT.com / Companies / Banks - Citi ‘milestone’ as Washington takes 34% stake
In a shock to no one the bailout continue
In a shock to no one the bailout continue