World Banking
Banks still being pounded
Any of the more optimistic investors around who stayed with their HSBC shares for another day thinking that things couldn't get any worse, discovered that they could with their groups shares toppling another seven per cent
Bankers to share £6.4 billion Christmas bonuses
Bankers at four leading City firms will share an estimated £6.4 billion Christmas bonus pool as thousands of workers lose their jobs or go on to short time.
What does it mean when interest rates are at 0%?
The US Federal Reserve is writing a new economic chapter by following the theory of British economist John Maynard Keynes.
Killed by the cure
The bailouts in the US and the UK and other countries will have negative consequences that few currently understand. The side effect of printing vast sums to help out the financial system will have the effect of creating inflation and lowering interests to artificially low levels...
The promised bailout
At what point do we put the Fed and the treasury in front of a judge? No point, the bailout bill protected them from prosecution for ever...
Peter Schiffs Open Letter to his investors
While I have warned for years that the United States was headed into the eye of an economic hurricane, nearly every other "expert" from Washington, Wall Street, the press and academia saw nothing ahead but sunny skies...
Neurosis is a substitute for legitimate suffering
When the interest rates were lowered after the dotcom bust, a few voices warned us that we were storing up trouble for the future. We should, they said, take the pain now...
UK economy in to hock
Chancellor Alistair Darling has put the UK economy in to hock with his £118 billion spend now pay later gamble to beat the recession.
The European Bailout
They have to let them fail...there is no other way to avoid a hyper inflationary nightmare...but if politicians stand by and do nothing, as they SHOULD do...they will be kicked out of office...
Jim Rogers calls Ben Bernanke a clown live on TV
I love Jim Rogers. You always know you’re going to get it straight from the hip with him. He barely manages to hide his contempt for the cheering squad on the financial news networks...
What are the people who predicted the credit crunch saying now
Who predicted the credit crunch? Believe it or not, there were a lot of people who say the problems build and tried to bring attention to it...
“Pass the bailout or the market will tumble 3000 points!” It tumbled anyway...what does that mean?
This was the threat that Henry Paulson and Ben Bernanke delivered to congress to try and squeeze the bailout through the tightest of holes...and they failed the first time...
The era of the smart defaulter
Now that the US government has backed up all the bad and about to go bad mortgages with almost $1tr of tax payers money...
Irish Banks What's Happened?
The fears over the Anglo Irish Banks loan portfolio started a chain reaction that ended in the Irish government guaranteeing all banking deposits, personal and corporate...
US Bank Rescue Plan
No sooner was the US bailout bill passed...literally 5 minutes later on CNBC, the talking heads were telling us that the bailout wasn’t a panacea and wouldn’t solve much...
Savings at Risk as Banks Topple
Savers with large amounts of cash on deposit should take action now to protect their money as the credit crunch threatens to sink more banks...
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