Category: Credit Crisis 2008
The analysis published under this category are as follows.
Tuesday, December 09, 2008
Obama and the Global Credit Crisis / Politics / Credit Crisis 2008
By: Richard_C_Cook
Even as preparations are underway for Barack Obama to assume office as the 44th president of the United States on January 20, the U.S. military juggernaut that is roaring toward global conquest hasn't missed a beat. This is shown by the team of hawks—including holdover Robert Gates at Defense and Hillary Clinton as Secretary of State—that Obama has assembled to handle the levers of the war machine and its diplomatic front.Read full article... Read full article...
Monday, December 08, 2008
How to Survive the Credit Crisis / Stock-Markets / Credit Crisis 2008
By: EWI
Before it became the worst credit crisis since the Great Depression, the credit crisis used to be an arcane topic discussed only in financial publications. Now, it's on every computer, television screen, and front page of every newspaper in the world.
In these tough economic times, you'll be hard pressed to find a more relevant and useful free resource than the Credit Crisis Survival Kit. It's packed with 15 hand-picked reports, videos, and articles to help individuals survive and prosper from the Credit Crisis.
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Friday, December 05, 2008
Financial Crisis Secrets Revealed / Economics / Credit Crisis 2008
By: EWI
Editor's Note: This article has been excerpted from a free issue of Robert Prechter's monthly market letter, The Elliott Wave Theorist .
The full 10-page market letter, Be One of the Few The Government Hasn't Fooled , can be downloaded FREE from Elliott Wave International.
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Thursday, December 04, 2008
U.S. Economy Disintegrating as Government Supports Zombie Banks / Economics / Credit Crisis 2008
By: Jim_Willie_CB
The USGovt and financial system is growing deep commitments to support dead entities. Their business models have failed. They are bankrupt. Although with faulty business model, often l aced with fraud, they have been fully adopted by the USGovt and US Federal Reserve. They are considered too big to fail. Or one should say, they are too connected to the power structure, or they are too intertwined with explosive financial devices, or one from their own tribe is running the Dept of Treasury. Capitalism embraces the Darwinian principles bound by survival of the fittest. The United States bears absolutely no resemblance to such principles anymore, at least at the upper corporate echelons. Read full article... Read full article...
Thursday, December 04, 2008
Opportunities in the Global Financial Crisis / Stock-Markets / Credit Crisis 2008
By: John_Mauldin
As various companies go hat in hand to Washington for a bailout, a recurring topic is what guaranty do the taxpayers get that they're not just throwing more money down a hole. Good question. Who wants warrants or preferred shares if the company is doomed anyway? What you're seeing take place are negotiated backstops between the US Government and pools of capital. A couple of examples:Read full article... Read full article...
Wednesday, December 03, 2008
What the Government's Keeping Secret about the Financial Crisis / Economics / Credit Crisis 2008
By: EWI
Editor's Note: This article has been excerpted from a free issue of Robert Prechter's monthly market letter, The Elliott Wave Theorist .
The full 10-page market letter, Be One of the Few The Government Hasn't Fooled , can be downloaded FREE from Elliott Wave International.
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Tuesday, December 02, 2008
Search For Stimulus In a Zero Interest Rate Policy World / Interest-Rates / Credit Crisis 2008
By: Mike_Shedlock
Central bankers everywhere are Looking for Tools in a Zero Interest-Rate World .
The Swiss National Bank is becoming the first central bank in Europe to learn what it's like to live in a zero interest-rate world.
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Tuesday, December 02, 2008
The Current Global Financial & Economic Crisis / Economics / Credit Crisis 2008
By: Dudley_Baker
Due to my unique service, I have numerous sophisticated and savvy investors among my subscribers. Some have become friends and supporters of my work.
Recently, Arnold Bock, a Canadian living in Mendoza, Argentina and Lorimer Wilson of Toronto, Canada, have agreed to become part of my editorial staff at Precious Metals Warrants and will be providing content from time to time.
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Tuesday, December 02, 2008
Destruction of Capital at an Ever Faster Rate, Workers Pay the Price / Economics / Credit Crisis 2008
By: Professor_Emeritus
Thou shalt not crucify labor on this cross of paper money, a message to American Labor Leaders
The “crime of 1873” - My title is a paraphrase of the 1896 battle-cry of William Jennings Bryan during his presidential bid. He was talking about ‘crucifying mankind on a cross of gold'. Bryan was protesting against the unconstitutional closing of the U.S. Mint to silver. Congress inadvertently suspended the unlimited coinage of the standard silver dollar, which it had no authority to do under the Constitution. Bryan called it “the crime of 1873”.
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Tuesday, December 02, 2008
Inflated Egos Next Bubble To Burst / Stock-Markets / Credit Crisis 2008
By: Captain_Hook
As a follow-up to last week's commentary on the chronic complacency that has gripped the investing public, a population that thinks ‘ big daddy ' will bail them out of all troubles forever apparently, once its realized by the masses this belief is a falsehood , a sense of panic will enter the collective psyche, and the issue of our inflated egos will finally be addressed. Of course in the meantime the bureaucracy is doing a great job of keeping the mob's attention off of real issues, much in the spirit of Rome's bread and circuses so long ago now. In knowing this the question begs, ‘have we not progressed past the failings of our forefathers in matters of society?' Read full article... Read full article...
Monday, December 01, 2008
London Scottish Bank Goes Bust, FSA States Savings Protected / Companies / Credit Crisis 2008
By: Nadeem_Walayat
London Scottish bank which was actually based in Manchester with some 10,000 savers and about 2000 employees effectively went bust on Friday after the FSA stopped the bank from accepting customer deposits due to the capital shortfall, the bank went into administration and a statement on the LSB website states that the company continues to operate so as to seek the best long-term solution for customers and creditors.Read full article... Read full article...
Monday, December 01, 2008
European Banks to be Hit by Collapsing Emerging Markets / Stock-Markets / Credit Crisis 2008
By: Money_and_Markets
Jack Crooks writes: Most investors are understandably fixating on the spectacle of the U.S. debt crisis and Washington's $7.8 trillion in loans, investments, commitments and guarantees designed to end it. Read full article... Read full article...
Monday, December 01, 2008
UK Government Urging Banks to Lend / Interest-Rates / Credit Crisis 2008
By: Mike_Shedlock
Complete silliness reigns in the UK as Prime Minister Brown, Chancellor Darling, and BOE Governor Mervyn King Urge Banks To lend .
U.K. house prices dropped to the lowest level in almost three years in November as banks starved the property market of credit, Hometrack Ltd. said.
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Saturday, November 29, 2008
Important Questions for the Stock Market and U.S. Economy / Stock-Markets / Credit Crisis 2008
By: Money_and_Markets
Mike Larson writes: It's a beautiful, long holiday weekend. I've been celebrating Thanksgiving (and my birthday) with my family, and I'm sure many of you are also busy with relatives and friends. So I'm going to keep this week's column short.
Specifically, I'm going to highlight three big questions we should all be thinking about — and offer up my best answers. I feel these are the most important three questions to ask right now because the answers will determine the next big moves in the market and the U.S. economy.
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Friday, November 28, 2008
Credit Crisis Watch- LIBOR Eases Whilst UK Spread Soars on Sovereign Debt Risks / Interest-Rates / Credit Crisis 2008
By: Prieur_du_Plessis
For the world's financial system to start functioning normally again, it is imperative that confidence in the credit markets be restored. In order to gauge the progress being made to unclog credit markets, I regularly monitor a range of financial sector spreads and other measures. By perusing these one can ascertain to what extent the various central bank liquidity facilities and capital injections are having the desired effect. Read full article... Read full article...
Tuesday, November 25, 2008
The Paradox of Deleveraging Will Be Broken / Stock-Markets / Credit Crisis 2008
By: John_Mauldin
We are clearly not having as much fun taking off leverage as we had putting it on, or at least the vast majority are not. This week in Outside the Box we look at some very thought-provoking insights from my good friend Paul McCulley, who helps us think about how we got here and what will be the end point. From the letter:
"But what ailed Lehman was but a manifestation of what ailed, and ails the global financial intermediary system: the presumption that grossly levered positions in illiquid assets can always be funded, because those doing the funding will always assume the borrower is a going concern."
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Sunday, November 23, 2008
Credit Crisis Persists as Bond Spreads Widen / Interest-Rates / Credit Crisis 2008
By: Prieur_du_Plessis
Reuters: Financials need at least $1 trillion - analyst
“The US financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul Miller said.
“Eight financial companies - Citigroup, Morgan Stanley, Goldman Sachs Group, Wells Fargo, JPMorgan Chase, AIG, Bank of America Corp and GE Financial - are in greatest need of capital, he said.
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Sunday, November 23, 2008
Financial Markets Wild Ride Between Fear and Optimism / Stock-Markets / Credit Crisis 2008
By: Prieur_du_Plessis
A new bout of fear gripped financial markets during the past week, causing the slide in global stocks, commodities and emerging-market assets to deepen. As investors' angst escalated, positions in risky assets were liquidated in exchange for perceived safe havens such as the US dollar, government bonds and gold bullion.
“We have seen fundamental selling, technical selling, forced selling (deleveraging), short selling, capitulation selling and selling due to ennui,” commented David Fuller ( Fullermoney ).
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Saturday, November 22, 2008
Citibank Seeks More Bailout Cash as Corporate Bonds Crash to 20% Yields / Interest-Rates / Credit Crisis 2008
By: John_Mauldin
- Leverage Is an 8 Letter Word
- If Loans Are So Cheap, Why Don't They Sell?
- Deflation and Helicopters: Time for a Review
- Commercial Property Loans Start to Haunt the Banks
- Warren Makes a Bet
Leverage is an eight-letter word, which the markets now regard as twice as bad as the two four-letter words debt and pain (or fill in your own four-letter words). This week I try to give some insight into what is happening in the credit markets, some of it below the radar screen of most analysts. We will look at the potential for deflation and the Fed's response. There is a lot to cover, so let's jump right in.
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Friday, November 21, 2008
Financial System Crisis, Stay Focused on the Big Picture / Economics / Credit Crisis 2008
By: Chris_Galakoutis
In these trying times it is critical that we remain focused on the big picture and stay true to our convictions; one can always revisit their reasoning and conclusions, like I do, but I would hope that at this stage many of you have done so as well, so that our minds are not treated like a flimsy ship in rough seas. Read full article... Read full article...