Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Economy
Dubai bailed out by Abu Dhabi after property bust
As a result of falling oil prices and the global financial crisis a considerable fear has developed that Dubai, which has led a very expansive building policy in recent years, would have problems servicing its debt.
While Rome Burns
The following post is from John Mauldin, who is a Best-Selling author and recognized financial expert. He is also editor of the free Thoughts From the Frontline that goes to over 1 million readers each week. For more information on John…
Bank stocks under $10 a share
An ugly day in the markets has just ended with the financial services sector taking a beating in particular. Many shares in the sector trade for under $10. Bottom fishers might see this as a buying opportunity. Is it?
Hypo Real Estate: 600 billion in off-balance sheet assets
There is quite a buzz in the German press about Hypo Real Estate. But, what should really get oe's attention is its massive off-balance sheet exposures (hat tip Ulrich). The long and short of reports is that Hypo Real Estate has assets…
Citibank has cut all lending in Denmark
This comes from the Danish daily Berlingske Tidene. It suggests that Citibank is cutting back all international lending. Citigroup has sold its German operations to a French bank and I understand they are cutting credit lines in the UK as…
Meredith Whitney says nationalization is wrong and banks will lose money
Meredith Whitney, the well-known former Oppenheimer analyst had some interesting words to say on CNBC about the banking sector, nationalization, dividends and Citigroup. Take a look.
What is the recent increase in U.S. jobless claims telling us?
The jobs picture is looking grim. Jobless claims for the week ending 14 Feb 2009 were 627,000, pushing the average to 619,000. Additionally, nearly 5 million people are staying on the unemployment roles, the highest figure ever. But, it…
Goldman partners get margin calls
This comes from Rueters
Goldman Sachs Group Inc said several partners must cover margin calls triggered by the depressed value of Goldman stock and many of the firm's hedge funds, but the bank denied it is lending money to its executives.…
UBS does not see the need for panic over Eastern Europe
FT Alphaville has a post up indicating that the UBS EMEA economics team is much more sanguine about prospects in Eastern Europe than many market participants. The most important part of the UBS contents reads as follows:
We don’t normally…