I said out loud to the family, “This is interesting news! Bloomberg.com says, ‘The U.S. government’s borrowing needs will almost double to $2 trillion this fiscal year, prompting the Treasury to revive three-year notes and hold more frequent sales of 10- and 30-year debt, according to Goldman Sachs Group Inc.’”
November 11th, 2008 | Mogambo Guru | 1 comment | ContinuedAll Posts Tagged With: "wall st"
A ‘Bloodbath’ on Wall Street
With Halloween just around the corner, it is fitting that today’s headline on CNN.com was “Stocks Headed for a Bloodbath.” Not exactly what you want to see first thing in the morning, but at least it doesn’t keep you guessing.
October 27th, 2008 | Kate Incontrera | 1 comment | Continued
Seventh Biggest Drop in Wall St History
The mood was bleak on Wall Street at the closing bell yesterday, with stocks looking at the seventh-biggest drop in history, falling 514 points. A litany of data showed that neither Wall Street, nor the global economy, was anywhere in the vicinity of the road to recovery…
October 24th, 2008 | Kate Incontrera | 1 comment | Continued
Financial Crises in History
We all have our favourite financial crises which fascinate us by their dramatic sequence of events. Professor Galbraith was fascinated by the 1929-1933 Great Crash…
October 24th, 2008 | William Rees-Mogg | 1 comment | Continued