financial news

I want to spread the love today, so I am highlighting some of the posts of my fellow bloggers out on the Internet. Most of us have noted that the economic data coming out recently really confirms the fact that we're in recession. What…

Now that we have seen our massive 1000-point rally, we can come back down to earth and worry about the real economy effects that the credit crisis has already wrought and ho well money markets are going to respond to all this monetary…

Happy Monday! After weeks of dire news and falling markets, we are seeing a rally that might have legs. For those of us who don't want to see a global depression, that is very good news. Certainly, the markets have reason for rallying…

This morning I woke up and was listening to Bloomberg Radio in bed when I heard Robert Shiller and John Ryding talking about about Paul Krugman. I quickly realized he was the Nobel Laureate in Economics for this year. Krugman, the…

Looking at the action in overnight trading, I see a very strong move to the upside in the offing in equity markets worldwide. All of the data is looking bullish. In Australia, the All Ordinaries is up five percent led by banking shares.…

It is 8:15 AM ET and this is what I see in the markets today as we await the opening in New York:EuropeThe U.K FTSE 100 down 7.5%The German DAX down 9%The CAC-40 in Paris down over 8%AsiaJapan's Nikkei down nearly 10%The Hang Seng in Hong…

Did you see that coming? What a train wreck of an end we had yesterday in the States. Things started off well enough with gains in Asian trading. The Europeans were a bit jittier, but it was within the bounds of reason. New York? That…

Today, the round-up is going to be exclusively on the credit crisis. The crisis has a distinctively European bent to it now as much of the news for the day comes from that area. But, Asia is also getting into the mix.In the US, the…

The Credit Crisis has clearly moved on to Europe, as events there are showing the kind of crisis we have been seeing here.The UK Treasury has broached the possibility that it would buy equity in major British banks. Iceland is on the verge…

If you were away on Holiday this past week or just away from the hustle and bustle of civilisation this past weekend, you may have missed the firework in Europe. Basically, over the past week, what started as a U.S. subprime crisis and…