Dubai

Now on YouTube, an Outcry Against BofA’s Lewis - DealBook Blog - NYTimes.com "Ahead of Bank of America’s annual meeting on Wednesday, the activist filmmaker Robert Greenwald is helping lead the charge to fire Kenneth D. Lewis, the…

FT.com - How libertarian dogma led the Fed astray - Henry Kaufman The original Dr. Doom speaks. Hat tip Yves Smith. "The Federal Reserve has been hobbled by at least two major shortcomings that were primarily responsible for the current…

This news is just in from the Wall Street Journal. Obviously, all of the activity we have seen with Citi's foreign subsidiaries of late has been in preparation for sale or nationalization. I expect this to be the big news when markets…

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.

Sovereign Wealth Funds (SWFs) are losing money hand over fist, which should leave one wondering whether their appetite for Western assets will continue to bolster those markets. Funds in Asia and the Middle East have been hit by a…

Burris Says Was Asked to Raise Funds for Blagojevich - Bloomberg.com Just how big are the UK banks - UK Bubble (Alice Cook is all over this one -- and it's not just about RBS. Thanks for the link, Alice.) Royal Bank of Scotland paid…

As I write this, stock markets in the U.S. are in their final hour of a rather poor session. Selling seems to have been brought on by Microsoft's announcement that it is cutting jobs en masse for the first time ever. If you recall, Fred…

This will be a bit longer of a preamble. Despite my bearish calls, I am feeling a bit tense about all of this market turmoil. Almost all of my calls are going the right way: oil, bank stocks, the general market, gold, Treasuries. Currencies…

The U.S. Dollar has been holding up quite nicely during this credit crisis. In fact, it rallied significantly from deeply oversold levels against the Euro and British Pound (remember Dollar-Euro at 1.60 and Dollar-Pound at 2.10?). However,…

Yesterday was a good day in the markets, all in all. However, a number of anomalies still exist which we hope to cover in the coming days. Fist, there has bee an unprecedented rally in U.S. Treasury securities which some are calling a…