News Round-Up: 23 Jul 2008

While I don't agree with all the opinions expressed in the articles below, they are all still very good reads. Today, there is a lot more on politics. Warning: some articles may be controversial. Politics Why Jesse Jackson…

Oil to sink to $100

Oil at $100? That's certainly my call and I'll stick to it. So far my call of oil peaking at $150 is holding.( We'll see for how long). On July 9th, after oil's first pullback to $138 I said:Yesterday, oil fell the most in one day since…

Too big to fail?

Recently, the SEC restricted short selling on a list of 19 stocks because of turmoil following the Fannie-Freddie worries last week. In effect, the SEC was signaling that these institutions are too big to fail because a number of these…

Regional banks are suffering

In the aftermath of the Meltdown of the GSEs and the heavy-handed regulatory solution used to stem the tide, regional banks are in focus for investors as they stand to the take the brunt of short-selling. Financial services bears know full…

Writedown News: 22 Jul 2008

Below are the latest writedown stories from the web. For the full timeline of news, visit my credit crisis timeline.Also see my list of Bankrupt Global Financial Institutions.2008 07 15 Regional Banks Take It on the Chin As Fallout…

News Round-Up: 22 Jul 2008

Earnings Wachovia Has Record $8.9 Billion Loss, Cuts Dividend – Bloomberg KeyCorp Posts First Loss Since 2001 After Tax Case – Bloomberg Fifth Third Reports $202 Million Loss on Higher Loan Defaults – Bloomberg…

Asian inflation in the pipeline

In the US, the question has to be centered around consumer inflation expectations and what impact this will have on core inflation going forward. In Asia, the question is what impact will rising inflation have on interest rates and goods…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More