Coffee Rises to 8-Week High – Bloomberg U.S. Dollar Rebounds On EU Discord – CNN Money Raw Sugar Declines – Bloomberg Jobless Claims Fall 14k to 442k – MarketWatch Housing Recovery Appears At Risk – AP Oil Prices Lose Steam – CNN Money Natural Gas Price Drops 3 Percent – AP Dubai World Gets $9.5 [...]
Lind Plus Senior Market Strategist Jeff Friedman discusses the impact of Dubai’s debt crisis on various markets. This video is part of “Lind Market Recap.”
The Federal Reserve kept interest rates unchanged but said it will buy $300 billion in long-term Treasury bonds. The Fed also plans to buy mortgage-backed securities and the agency debt of Fannie Mae and Freddie Mac. The move aims to boost bond prices, thus forcing the yield on long-term interest rates down. The ultimate hope [...]
The stock market was hit hard Monday morning after a weekend that saw two Wall Street heavyweights essentially disappear. Lehman Brothers, 158-year-old firm, was forced to file for backruptcy, the biggest in history, after failing to find a buyer. Meanwhile, Merrill Lynch, another one of America’s oldest financial institutions battered by the credit crisis, was [...]
Oil Rises Above $117 as Gustav Threatens Gulf – RealClearMarkets Dollar on the Rise, For Now – Financial Times Record Drop for Home Prices – RealClearMarkets Credit Crunch Deeper and Wider – BusinessWeek FDIC: 117 Troubled Banks – RealClearMarkets Don’t Believe the Fed Hike Hype – TechTicker/Yahoo Finance Durable Goods Post Strong Increases in June/July [...]
Will U.S. Follow Up Japan into a Decade of Stagnation – The Economist Markets Stuck in a Vortex of Volatility – The New Yorker It’s Deflation, Stupid – RealClearMarkets Recessions are Good for the Economy – Telegraph U.S. Treasuries Climb on Concern Credit-Market Turmoil Widening – Bloomberg U.S. Economy: Home Resales Rose More than Forecast [...]
Strong U.S Dollar Weakens Gold/Crude – Bloomberg Chinese Inflation at 12-yr High – RealClearMarkets What of the Next Crisis – New York Times The Five Lessons Bankers Must Relearn – Financial Times How Much Longer Will Credit Crisis Last – Telegraph We’re Not Safe from the Credit Crisis – Telegraph The Euro’s Joyride is at [...]
Bank issues global stock and credit crash alert – London Telegraph Gas Stations Can’t Afford to Buy Gas Either – David Welch, BusinessWeek Are Speculators Driving Commodity Prices Higher? (PDF) – Merrill Lynch US floods hit food prices – Financial Times Learning from the Oil Shock – Newsweek Morgan Stanley Profits Drop on Debt Losses, [...]
