financial news

Originally, I thought I might say something here about Joe Biden or Sarah Palin. But, I'll give the politics a rest and wait for more information, especially on Palin, before I take a stab. He goes....Alice Cook at UK Bubble does a good…

So, this week comes to an end soon. It was a short week for holiday makers in the UK because of Monday's bank holiday. Next week will be a short one because of Labor Day over here in the States. So, to all you vacationers, I wish you well…

Today's version is a mini-round up of the most interesting economic, financial and political stories on the web.Is debt your destiny? - MSN (good advice on how to avoid being sucked in by debt)What You Get for ... $900,000 - NY Times…

Given the number of foreign articles I have translated recently, I thought it would be useful to start a foreign press alert which pulls together common themes in order to present a holistic view. Today, I will post on Argentina, Spain,…

China and AsiaSo, the Olympics are over. What now for China? Despite the recent news of China's need for an enormous stimulus package, Asia is still doing relatively well - far better than either Europe or North America. Sovereign Wealth…

Yesterday and overnight, there was a ton of news in Europe, in banking and in geopolitics. So, I am going to alter the format of the round-up slightly and give you a rundown with links mixed in.The long and short is that the banking sector…

Oil surges above $120 as tensions rise - Fin 24 (A bit of a delayed reaction, if you asked me. Oil gapped way up $5 today. Huge move. Last I saw it was at $121)Lone Star Funds to take over IKB - BBC News (So I guess American buyout shops…

From where I sit, today was a complete disaster for U.S. finance. Fannie and Freddie imploded -- their shares quickly approach zero. Lehman admitted it is scared witless and has tried to line up foreign governments to bail it out. States…

Top billing Banks’ losses and capital: The new version of the paradox of Achilles and the tortoise - VoxEU This is a post right down my alley. You've probably seen my list of Bloomberg's writedown/ capital raised tally. Well, there is a…

Top billing California bank stocks: The herd gets thinned again - LA Times The implications of this story in a state that has seen the largest drops in house prices anywhere is that many busts are going to happen in California. There is…