October 2008
October 30, 2008 –
The big news yesterday: the Fed cut rates to 1%. Only 100 basis points left to go, in other words. [more]
October 29, 2008 –
[I tend to refrain from posting jokes or politcal stuff, but this was funny enough for me to break both rules at the same time.] [more]
October 28, 2008 –
Economist Gary Shilling says both the economy and stock market have more room on the downside. [more]
October 27, 2008 –
60 Minutes did a bit on credit default swaps last night that I found the link for, complete with text and video. [more]
October 27, 2008 –
With news this week that Congress is poised to consider a new stimulus package, I am forced to again ask a question that seems silly in Washington: How will we pay for this? [more]
October 25, 2008 –
In the midst of highly unpopular bailouts of Wall Street, many justifications have been given about why Washington feels the need to act. Some claim that capitalism and the free market are to blame, but we have not had capitalism. If you compare our financial capital to our aggregate debt, this would be obvious. In the same way, we have not had a truly free market. The monetary manipulations of the Federal Reserve, a complex tax code, the many “oversight” agencies and their mountains of regulations show that we are far removed from a free market economy. [more]
October 24, 2008 –
Former Clinton economic adviser Nouriel Roubini says hundreds of hedge funds will fail and that policymakers might have to shut down financial markets for a week or more in response. [more]
October 24, 2008 –
The rapid deleveraging in asset markets has hit everything, including commodities. The wholesale dumping of commodities by investors, especially those that have seen strong demand until lately - crude oil and metals, suggests that reducing leverage is the overriding concern. There was a lot of leverage into this market and funds are basically being forced to sell to meet redemptions. [more]
October 23, 2008 –
Posted: 22 Oct 2008 08:09 AM CDT [more]
October 22, 2008 –
Tuesday, October 21, 2008 11:53 AM
By: Greg Brown [more]
October 21, 2008 –
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RELATED TICKERS: KO
, PEP
Sorry this is a week old, but I just got this in my inbox today: [more]
October 12, 2008 –
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RELATED TICKERS: FNMA
, FMCC
Link [more]
October 09, 2008 –
Link [more]
October 07, 2008 –
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RELATED TICKERS: FNMA
, FMCC
I found this while looking for an SNL skit that apparently NBC had pulled: [more]
October 02, 2008 –
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RELATED TICKERS: COF
, POT
, TRA.DL
One of the benefits of CAPS is the ability to share personal info with other members to help them with things they might not know or otherwise be able to discover about the companies they might be considering investing in. Here's one from me today: [more]