According to Reuters, Japan exports hit their lowest level since 2002. Reuters writes that hopes for an auto bailout in this session of Congress are poor. Reuters reports that the US is looking into lending practices at Golden West. Reuters reports that small businesses are being hurt by trouble on Wall St.Reuters reports that a bank analyst said financial firms need another $1 trillion in capi...
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Markets in Asia fell sharply. The Nikkei was off 6.9% to 7,703. Canon and Mitsubishi UFJ Financial took huge losses. The Hang Seng fell 4.2% to 12,279. The Shanghia Composite was off 1.7% to 1,984. At the open in Europe, the FTSE was down 2.1% to 3,921. The Dax fell 2.6% to 4,245. The CAC 40 dropped 2.4% to 3,014. Data from Reuters. Douglas A. McIntyre
Those of you who have seen the chart below on my blog over the last year-and-a-half might have already guessed what it looks like after yesterday's dramatic plunge in the consumer price index - it's now screaming DEFLATION.Not that there's anyreal significance to the fact that it's screaming deflation.As noted here, in a world full of fiat money, "deflation" is nothing more than an am...
BoE's Gieve says central banks and governments must be ready to take further actions. In a speech late yesterday, Gieve noted that advanced economies are...
This 2 part series will cover recent market developments about Berkshire Hathaway, points to a strategy on how you may benefit more on the same trades he did recently and an option trading strategy that probably Berkshire uses for maximizing it returns on the underlying they find worth investing. Don’t forget to read the big picture of US stock markets. Markets are behaving pretty much th...
Asian Currencies Tumble Lower, Triggering Government Intervention Throughout the Pacific Region
Thu, Nov 20, 12:21 AM ET
Regional currency intervention has been seen through the day with reports that S. Korea is the latest to intervene with the currency trading to 11 year...
By Joshua Rauh and Luigi Zingales A GM bailout would delay restructuring and ultimately destroy jobs. Restructuring under Chapter 11 is the best solution, but credit market conditions require the US government to provide transitional, “Debtor in Possession” financing. To avoid political interference, the actual lending decisions should be made by a commercial bank with a stake in th...
With an environmentally-friendly Obama administration coming to power, a new green business coalition led by Nike, Starbucks, ...
Some traders remember the day in late October when Volkswagen shares more than doubled in value, sending short sellers on a mad dash to buy back the stock.
SAN FRANCISCO (Reuters) - The government is investigating if homeowners were misled by California bank and mortgage issuer Golden West Financial, which was acquired by Wachovia Corp -- another possible victim.