Economy

A few weeks ago, I said I thought the volatility in commodity and currency markets smelled like panic. I found it very hard to believe that we could have such violent moves without a significant shakeout in the hedge fund world. We are…

Independents like myself who support Barack Obama and Democrats are busy trying to tear down John McCain's surprise pick for Vice President. They say she is less qualified than many other potential candidates that McCain could have…

In the US, the Republican National Convention has begun and as we prepare to watch the presumptive Republican nominee for President, it bears noting a little background into his character and past.One reputable source of background material…

The Danish economy has officially left recession, marking a growth rate of 0.6% for the second quarter of this year. In the midst of much doom and gloom for the eurozone, this is a positive development. More news expected. See other…

In the biggest German banking merger in history, Commerzbank, the third largest in Germany, has reached an agreement with Allianz to buy its banking subsidiary Dresdner Bank, Germany's second largest, beating out an alleged better bid from…

Another Friday afternoon massacre claims another failed U.S. bank. This time the bank was in Georgia. Integrity Bank of Alpharetta, GA had $1.1 billion in assets. As is FDIC custom, the announcement wasn't made until after markets had…

John McCain made a surprise choice in choosing Sarah Palin, the Governor of Alaska, for his running mate. While this is a risky choice, it definitely balances the ticket.Below is a snippet of the story at the Wall Street Journal. This will…

"Prime looks terrible." Those were the words of Jamie Dimon, CEO of JP Morgan Chase when he had his earnings call for Q2. And, indeed, prime is terrible. New data out from Hope Now shows that there are now more prime mortgage delinquencies…

Apparently, a new market of peer-to-peer lending has popped up , where banks are no longer a part of the lending proposition. Loans are made directly peer-to-peer. Whether this is a reaction to tight credit or some weird new innovation due…

I always feel a bit sceptical when I read a report about unending growth and prosperity. Rio Tinto thinks that the metals and mining boom will continue unabated for years. That certainly puts him in the same camp as Jim Rogers. Rio CEO…