financial news

Updated continuously throughout the dayMarketsWhy we can't cruise past a recession - Bill Fleckenstein: MSN Money (05/05/2008) Buffett Says Bond Insurers Don't Deserve AAA Rating - Bloomberg (05/04/2008)Downgrades Show…

MarketsBuffett says risk of financial meltdown has declined (MarketWatch, 5/3/2008)Warren Buffett: big is bad for banks (Times Online, 5/4/2008)US-Bankchef: Krise nicht ausgestanden (Die Welt, 5/4/2008)IrelandMortgage lending growth hits…

Updated throughout the dayUSU.S. Loses 20,000 Jobs in April; Unemployment Rate Falls to 5% (Bloomberg, 5/2/2008) Dollar Reserve Status Is Tale of Fading Glory (Bloomberg, 5/2/2008)Bank of America May Not Guarantee Countrywide's Debt…

Updated throughout the dayUSCorrection: Unemployment Insurance Weekly Claims up 35,000 (U.S. Government, 5/1/2008)Unemployment Benefit Rolls Climb to 4-Year High (Bloomberg, 5/1/2008)Recession's here, economist Kasriel says (Wilmette Life,…

Buffett Says Recession May Be Worse Than Feared (Yahoo! News, 4/28/2008)One Guy Who Has Seen It All Doesn't Like What He Sees Now (WSJ, 4/26/2008)Ignore nonsense that credit crisis is over (Stene Pearlstein, Fort Wayne Journal Gazette…

Food Price Inflation Changes How We Shop - Chicago Tribune (3/31/2008)Fed eyes Nordic-style nationalisation of U.S. banks - UK Telegraph (4/1/2008)UBS writes off $19 billion - Yahoo! News (4/1/2008)Deutsche Bank Expects $4B Subprime Hit -…

Economic News Round-upI am off to the beach for a week, so I thought I would highlight a few stories that I have found particularly interesting as opposed to writing anything of substance today.JP Morgan Chase, Fed Funding Bear Stearns -…