Most of these are interest rate and credit derivatives. As we learned in the last two years, the big risk here is to institutions which owe and own these obligations amongst one another. In our view, the degree of interconnectedness among these obligations (they still aren’t unwound) still makes the entire global financial system vulnerable…
March 10th, 2010 | Dan Denning | 14 comments | ContinuedAll Posts Tagged With: "Lehman"
An Insider’s View of the Real Estate Train Wreck
The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. And there was no one in the nation I wanted more than Andy to address the critical topic of real estate.
February 12th, 2010 | David Galland | 28 comments | Continued
It’s the Little Economies that Have Trouble
So far, the big economies don’t have a problem. Lenders think they are good for the money. Almost miraculously…or supernaturally…the USA – the world’s biggest borrower – is able to obtain financing…
February 11th, 2010 | Bill Bonner | 0 comments | Continued
The Smart Money Began Buying Gold
John Paulsen made a fortune in the ’07-’08 period by correctly understanding the bubble in the financial sector and betting against it.
December 22nd, 2009 | Bill Bonner | 1 comment | Continued
Stock Market Should Never Have Been Rallying in First Place
The economy still stinks, they say, and it is showing no signs of recovering. In fact, a close look at the housing market tells you all you need to know about the economy…
November 24th, 2009 | Eric J. Fry | 5 comments | Continued
Financial Markets Have Clearly Rallied
If it’s true that markets lead economies, markets are telling us that things are going to get much better. The FTSE index of emerging markets is up 99% from its March lows. The S&P 500 is up nearly 60%. And gold itself is up 25%, with much of that move coming in the last few weeks.
September 21st, 2009 | Dan Denning | 10 comments | Continued
Seems Everyone is Speculating on the Banks
“Public assistance enables the world’s largest 15 financial firms to return to the capitalization they had in September 2008,” the article continues. The largest of the largest, HSBC, is now judged to be worth $186 billion, according to the stock market.
September 2nd, 2009 | Bill Bonner | 2 comments | Continued
Investors Are Betting On Recovery
Make no mistake though. No one knows how long this rally will last – certainly no one here at The Daily Reckoning vacation headquarters. It will continue until it runs out of gas. That could be tomorrow. It could be months from now.
August 6th, 2009 | Bill Bonner | 2 comments | Continued
The End of the Range
How strange. Stocks are up this morning. Hang on…we’ve just had a look again. They’re down now. Sigh. There’s so much bad news about in the land that stocks moving up in such a climate is noteworthy. It means everyone’s talking about how bad things are, but there aren’t any sellers left. So are there any sellers left?…
February 20th, 2009 | Dan Denning | 1 comment | Continued
Credit Markets Threaten Retail Banking, Bank Runs Next?
The share market is not the most important story today. That may be tough for you to believe. After all, the 777 point figure decline on the Dow is the most visible symptom of what’s killing the market. But in terms of percentages, Monday’s 6.9% decline in the U.S. doesn’t even rate as one of the top ten worst one day percentage declines in history. Maybe that will come later this week. It might come in emerging markets. The big story, though, is in the credit markets…
September 30th, 2008 | Dan Denning | 15 comments | Continued
