By EconMatters
Wall Street big banks, although not entirely responsible for the Great Recession, most experts agree that banks creating and partying in the subprime securitization… mess is one of the major contributing events that broke the camel’s back.
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Marc Faber was on TV yesterday discussing the dollar and euro.
Some quotes from the interview:
“Despite the fact that the (European Central Bank) and the European government will flood the market with liquidity to bail themselves out, global liquidity…
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The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night.
Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee…
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By Ben Strubel of Strubel Investment Management…
Numerous quotes, commentaries, presentations, and letters by some great investors, such as Whitney Tilson, Howard Marks, and Arnold van den Berg, discuss the deficit, national debt, and the “unfunded entitlement” problems that
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The credit rating agencies played a large role in the financial crisis. They are now going in reverse to make sure they downgrade any Government, or corporation, lest they get blamed for further incompetence. Irionically they have been downgrading right…
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News of a $2 billion “rogue trader” loss brings to mind an important subject: How to keep rogue trades out of your portfolio.…
The parallels to 2008 keep piling up.
Early that year, French bank Société Générale revealed $7.2 billion
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By EconMatters
Party heardy… NYU economist Nouriel Roubini went on Bloomberg TV on Aug. 31 to give his latest prediction of the global economy:
“We’ve reached a stall speed in the economy, not just in the U.S., but in the
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The title is not mine, so do not accuse me of sensationalist headlines to garner traffic (although, I am far from perfect in this regard).
Keith McCullough, who used to run a hedge fund and now runs HedgeEye Risk Management…
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I have received an advanced partial transcript of the story of Michael Burry, which will be appearing on Bloomberg TV at 9PM EST tomorrow night (7/19/11). Burry returned 427% in his bets against the subprime market, as detailed in Michael…
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