Financial Sector

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Latest blogosphere posts tagged “Financial Sector”

  • Senator Dodd Calls For ‘Sweeping New Government Powers’ To Prevent Another Economic Collapse


    Boom2Bust.comAuthority Authority: 565
    More fairytales coming out of Washington today so as you and I can sleep better at night knowing the Great Nanny State is watching over us. From the Associated Press’ Anne Flaherty: Senate Banking Committee Chairman Christopher Dodd on Tuesday called for sweeping new government powers to prevent another economic ...
    15 hours ago
  • The Big Shift


    Ohaiyo Business MagazineAuthority Authority: 431
    In recent months, Ive repeatedly made the point that the financial crisis was a symptom, not a cause. Innovation was weaker than expected, private sector job growth outside of healthcare was virtually nonexistent, while real wages and real stock values showed little gains from the late 1990s to the end of 2007, when ...
    17 hours ago
  • In the 1930s over 11,000 banks failed.


    InvestmentWatchAuthority Authority: 449
    Many depositors lost all of their funds. Back then most of those banks were state chartered and were quite small, so the number sounds much bigger than the problem actually was in dollar terms. Today we have seen a consolidation in the number of banks from around 11,000 ten years ago to around 8,300 in the summer of ...
    22 hours ago
  • Does Wall Street Control Washington?


    Boom2Bust.comAuthority Authority: 565
    “For anyone who takes issue with our increased focus on politics on Mad Money, let me make a few things clear. We are not a partisan show. We don’t care about left or right. In fact, if it were up to us, we wouldn’t be talking about politics at all. We’d much rather be directly talking about stocks that work ...
    1 day ago
  • EU states given stark warning on debt levels


    StupidicaAuthority Authority: 163
    The European Union’s public debt could by 2014 rise to 100 per cent of gross domestic product – a year’s economic output – unless governments take firm action to restore fiscal discipline, EU finance ministers will be warned on Monday. The stark message is contained in a European Commission analysis, which ...
    2 days ago
  • US Clashes With UK Over New Tax Proposal


    taxgirlAuthority Authority: 532
    When it comes to economics, the US and UK tend to find themselves on the same page. A recent example is their consolidated front over the need for banking transparency – both countries took a tough approach with respect to the banking secrecy laws of in Switzerland and Luxembourg. But this weekend, the US and the ...
    2 days ago
  • Mobile phones and economic development


    Ajay Shah's blogAuthority Authority: 505
    The CMIE Consumer Pyramids data shows that in all their income categories, more than 50% of households have a mobile phone. It is only in their bottom category `Lower Middle Income - II that only 37.5% of households have mobile phones. From `Higher Middle Income - III upwards, the incidence is above 80%. If ...
    3 days ago
  • Gambling, Washington-Style


    Boom2Bust.comAuthority Authority: 565
    Had to pop some Tums before sitting down to write this post. Read it, and you’ll understand why. From MarketWatch this morning: At its high point, the federal government was guaranteeing or insuring $4.3 trillion in face value of financial assets, according to a report released Friday by the Congressional ...
    4 days ago
  • Signs Of The Time, Part 56


    Boom2Bust.comAuthority Authority: 565
    What Wall Street wants, Wall Street gets. Even at the expense of your own health, according to some reports.  From Reuters’ Bill Berkot this evening: New York City health officials scrambled to explain themselves on Thursday in the wake of media reports about bankers who got scarce H1N1 flu vaccines through ...
    5 days ago
  • Governments taking over banks


    Ajay Shah's blogAuthority Authority: 505
    Jerry Caprio and Ila Patnaik , at two ends of the world, on the same subject. The UK Special Resolution Regime has excellent documentation on the web. There is a lot of talk in India about financial stability, where basic ideas are distorted to defend the status quo. Financial stability is, ...
    5 days ago
  • Alex Callinicos v Martin Wolf


    LENIN'S TOMBAuthority Authority: 596
    Copyleft of Lenins Tomb
    6 days ago
  • Bailout Banks’ Bonuses Could Surpass 2008 Levels


    Boom2Bust.comAuthority Authority: 565
    As further testament to Washington’s strategic use of your hard-earned cash, Reuters staff wrote today: Eight major banks which were at the front of the line for government bailouts have already set aside $117.6 billion this year to pay employees, almost as much as they paid in all of 2008, a Reuters analysis has ...
    6 days ago
  • US investor Warren Buffett makes record rail investment


    Thaindian NewsAuthority Authority: 715
    New York, Nov 3 (DPA) Legendary US investor Warren Buffett has spent a record $44 billion buying an American rail freight company, in the largest transaction in the history of his Berkshire Hathaway holding company.The purchase of the Burlington Northern Santa Fe Corp was agreed upon at $100 a share, paid for in both ...
    1 week ago
  • Keep up the stimulus, but devise credible exit strategies: IMF


    Thaindian NewsAuthority Authority: 715
    By Arun KumarWashington, Nov 3 (IANS) In yet another sign of global economic recovery, across the G-20 nations including India, the average overall deficit is projected to fall from 7.9 percent of GDP in 2009 to 6.9 percent of GDP next year, according to the IMF.Both these figures are somewhat better than projected in ...
    1 week ago
  • Impact of the Global Financial Crisis


    Africa Can... - End PovertyAuthority Authority: 108
    Not a day passes without somebody asking me about the impact of the global financial crisis on Africas poverty reduction efforts. So I thought I would share this interview I recently did for Deutsche Welle radio. I have also written extensively about what the crisis may mean for Africa on this blog. You can ...
    1 week ago
  • Madagascar - Economic Update: Going Down...


    Africa Can... - End PovertyAuthority Authority: 108
    If recent trends persisted during September, three new developments seem to indicate a deterioration in public finance and economic activities: (i)  the Government borrowed on the domestic financial market (about half of its monthly expenditures) for the first time since the beginning of the crisis; (ii) the exchange ...
    1 week ago
  • Jim Rogers on USD, China, and Commodities


    GreenLightAdvisor ViewsAuthority Authority: 436
    Lindsay Whipp of the Financial Times sits down with Jim Rogers in Tokyo for a four-part interview covering the US dollar, China, commodities and crisis-related issues. Part 1: Rogers sees brief dollar rally He says he has increased his dollar holdings in anticipation of a rally in the US currency, but the dollar ...
    1 week ago
  • Crucial for us to pursue reforms in financial sector: Pranab Mukherjee


    Thaindian NewsAuthority Authority: 715
    New Delhi, Nov 3 (ANI): Union Finance Minister Pranab Mukherjee on Tuesday said that it is crucial for the country to pursue reforms including in the financial sector, to make the economy more competitive and the economic regulatory and oversight system more efficient and ever sensitive to new developments. Addressing ...
    1 week ago
  • Inflation is Evident If You Just Follow the Money


    The Daily Reckoning AustraliaAuthority Authority: 551
    Its going to be a shocker today. Well, not so shocking. The futures markets are predicting a 2.5% fall in Aussie stocks. This follows an awful Friday on Wall Street in which the Dow fell 250 points (2.57%) and the S&P shed 2.81%. A worrying sign (unless youre a bear) is that the volatility index is again on the ...
    1 week ago
  • Corruption as far as the eye can see, and as of yet, not a single arrest.


    InvestmentWatchAuthority Authority: 449
    However, as I pointed out in “Who OWNS Foreclosed U.S. Properties, Part II: the role of MERS”, there is a second reason for U.S. banks to hide all these millions of foreclosed properties: credit default swaps. This $50+ trillion market represents the phony “insurance” on the entire Wall Street Ponzi-scheme – ...
    1 week ago

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