Sigalon | Shared With: Everyone - Sep 17 2008 | Politics-US, business, finance
Quoted: The central lesson of this saga is clear. If you like the Bush economy, hire McCain. Over the next seven weeks, however, Americans who care about our economic future have to join Barack Obama in saying: enough.
- Sigalon | Shared With: Everyone - Sep 20 2008 | business, finance, Politics-US
It was like a weather forecaster in Houston last weekend talking about the onset of Hurricane Ike by giving the average wind speed for the previous month.
But many on Wall Street did even worse, as Mr. Berman describes it. They continued to trade very complex securities concocted by their most creative bankers even though their risk management systems weren’t able to understand the details of what they owned.
ShareViewed: 1 Time - Sigalon | Shared With: Everyone - Sep 18 2008 | finance, business, Politics-US
Quoted: Investors jumped back into the stock market Thursday afternoon after the world's central banks embarked on a coordinated effort to ease the fear coursing through the global financial system, sending the Dow industrials up more than 400 points.
- Sigalon | Shared With: Everyone - Aug 24 2008 | finance, lending, business, Politics-US
« "One of the Wildest Chapters in the History of Lending and Borrowing"
The NYT goes chart crazy in -- "A series about the surge in consumer debt and the lenders who made it possible" -- looking at the economy, debt, housing, etc. - Sigalon | Shared With: Everyone - Sep 28 2007 | Politics-US, business, home
Greenspan claims he had no idea that his cutting of interest rates to near zero would produce any irregularities in the US economy. Apparently he hadn't noticed that the Big Fund Boyz called him "Easy Al" for a reason. Or that when you introduce nearly free "money" (as in "available for lending") into a system of financial trade, the recognition of risk tends to evaporate.
ShareViewed: 2 Times - Sigalon | Shared With: Everyone - Feb 14 2007 | business, Politics-US
Quoted: The U.S. trade deficit hit a fifth straight annual record in 2006, driven by a record oil import bill and a flood of goods from ...
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