October 2008

Today, the round-up is going to be exclusively on the credit crisis. The crisis has a distinctively European bent to it now as much of the news for the day comes from that area. But, Asia is also getting into the mix.In the US, the…

Apparently, John McCain did even worse than I thought in last night's debate. He and Barack Obama both failed to present a step-by-step plan as to what they were going to do about America's banking crisis. They both merely rehashed old…

Gillian Tett makes a good point in today's FT about the clear benefits of a systemic solution to crisis. Where the UK policy makers were bumbling along until today, they have taken the problem firmly in hand, finally recognizing the…

Every U.S. Presidential election has a defining moment in the Presidential debates. I think we saw this election's moment last night. Throughout last night's debate, it was obvious that John McCain had a sense of disdain for Obama he…

Check out Jon Stewart's take on this.

Artificially low interest rates are what got us into this mess. Why should we think that they will help us get out? That's the question I ask myself and Marc Faber, otherwise known as Dr. Doom, answers that they won't.They certainly…

Last night Barack Obama and John McCain had at it in their second Presidential debate in the U.S. John McCain has been slipping in the polls and needed a game-changer to break Obama's momentum. He didn't get it. Pundits and polls agree…

In July, I made my ten predictions for the markets and global economy for the rest of the year. Some of my predictions were pretty pedestrians, and some were fairly bold. Let's take a look and see how I'm doing.Here's what I originally…

The Federal Reserve, the Bank of England and the European Central Bank led a coordinated rate cut effort as the official response to the biggest financial crisis since the Great Depression gathers steam. The official response in Europe and…

So it does seem like we are experiencing a crash. While today's loss was less than the Dow's 777 point debacle 8 days ago, the breadth of decline was stunning. Every component of the Dow was down on the day. In the S&P500, only 18 of…