oth-recession

Fear or Greed (today)?

Sun Mar 30, 2008 12:55 PM EDT

This is a very non-analytical discussion of how I have been feeling about the markets. Sometimes I sit down and do research. You know, go and get actual numbers from reliable sources and analyze what they say.

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business, investing, investments, stocks, bonds, commodities, treasuries, markets, financial, banks

Bear Stearns exposed as a bank saddled with toxic sub-prime debt

Seeded on Fri Mar 14, 2008 6:40 PM EDT (Telegraph)

Seeded by Curious Stranger (Clipped by oth)

You have to go back to the banking crisis of the Great Depression to find a moment when the financial system as a whole seemed so close to the precipice.

business, mortgage, economy, bear-sterns, bond-insurers, mbia, ambac

The 12 Steps Towards Oblivion: America's economy risks the mother of all meltdowns

Seeded on Tue Feb 19, 2008 11:48 PM EST (Yahoo! News)

Seeded by Bozzor (Clipped by oth)

A very scary but quite logical take where the US housing market fall may lead us: the false wealth generated by the property sector has come to symbolise the vulnerability of our economy, and this analysis provides a step by step scenario as to how something much worse than a rec …

business, recession, cdo, mortgages, economy, property, meltdown

The Depression Enters Phase Two | The Smirking Chimp

Seeded on Sat Feb 9, 2008 12:41 AM EST ()

Seeded by headinthegame (Clipped by oth)

Egg, a British online bank, said it would cancel the credit cards of 161,000 customers it deemed too risky. The cards will stop working in March. The news provoked angry reactions from some credit-card holders who claimed their credit records were spotless.

business, collapse

We Are Not In a Recession, Not Even Close

Seeded on Tue Jan 29, 2008 11:46 AM EST ()

Seeded by ajs (Clipped by oth)

At the onset of each of the last four recessions (1980, 1981, 1990 and 2001), initial claims for unemployment benefits were above the average of 353,000 (from 1967), and in most cases, way above average.

us-news, economics, erecession, media-scare

A dead cat bounce? - Asian shares slide on US worries

Seeded on Mon Jan 28, 2008 4:46 AM EST (FT.com)

Seeded by Bozzor (Clipped by oth)

There is a wonderful phrase in the stock game called a dead cat bounce, where a moderate rise in stock prices after massive falls tricks people into believing for a short time that things are getting better.

business, shares, economy, stock-market, dead-cat-bounce, interets-rates, the-fed, markets

Existing Single-Family Home Sales Drop

Thu Jan 24, 2008 8:33 AM EST

By Martin Crutsinger, AP Business Writers (Clipped by oth)

Sales of existing single-family homes plunged in 2007 by the largest amount in 25 years, closing out an awful year that saw median prices fall for the first time in at least four decades.

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economy, politics, business

Going bankrupt: The US's greatest threat

Seeded on Wed Jan 23, 2008 4:55 PM EST (atimes.com)

Seeded by jcalahan (Clipped by oth)

'A "guns over butter" mentality entrenched in the US political system since the start of the Cold War is starting to cause havoc in the nation which has the largest defense budget in the world, as well as having the largest trade deficit.

politics, military, military-spending, cold-war, united-states, united-states-foreign-policy

Fed takes late action to cut money costs

Seeded on Tue Jan 22, 2008 2:28 PM EST (The Federal Reserve Bank)

Seeded by TNTalk (Clipped by oth)

"The Federal Open Market Committee has decided to lower its target for the federal funds rate... The Committee took this action in view of a weakening of the economic outlook and increasing downside risks to growth...

us-news, federal-reserve, money, bank, banking, government, u-s