financial news

'Gold has proven historically to be a poor hedge against major inflations' - Telegraph "Professor Roy Jastram, of the University of California, conducted the longest-term analysis of this precious metal's purchasing power,…

Could you spare a stimulus package? - Prieur du Plessis funny. Could be GM or Citi or anybody really. Koo: Government fulfilling necessary function - Prieur du Plessis "According to Koo, American consumers are…

Press Release: Andrew Ross Sorkin, Too Big to Fail: Vanity Fair | Vanity Fair "The government secretly tried to orchestrate a deal involving Goldman Sachs in the week following Lehman Brothers’ collapse and considered using the…

I have been away from the blog since early Friday, but I plan on picking things up a  bit going forward. On Friday, I spent the day at the Annual Clinton Global Initiative event in New York.  I expect to have a post or two up on…

I will be at the Clinton Global Initiative Forum all day today, so I doubt there will be any posts until this afternoon.  For Canadian readers, I am doing a TV interview at 12:30PM ET on BNN on Obama’s relationship with Wall Street.…

Pay rules may prompt Goldman to shed bank charter | Reuters "Some investors believe Goldman Sachs Group Inc may try to shed its commercial banking charter to sidestep U.S. government efforts to rein in exorbitant Wall Street…

Boy dies of swine flu infection | The Japan Times Online The boy became the youngest, and 18th, fatal victim of the epidemic in Japan Robert Reich's Blog: Why the Dow is Hitting 10,000 Even When Consumers Can't Buy And Business Cries…

U.S. mortgage delinquencies set record | Reuters "High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax…

Google This: 5 Reasons to Switch to Bing "Here we’ll break down 5 awesome Bing-specific features that are really growing on us. From insightful information to help us better plan our trips to cashback on purchases, and a visually…

FT Alphaville - Is all well at Wells Fargo? Wells Fargo is starting to pay for its tight-lipped limited disclosure policy. From Bear to Bull: James Grant on Recession and Recovery - WSJ.com I don't agree with Grant , but here it is.…