All Posts Tagged With: "Bear Sterns"
Marc Faber Says Lehman Collapse ‘Favorable’
The bankruptcy of Lehman Brothers (NYSE:LEH) is “quite favorable,” says Gloom, Boom & Doom Report publisher Marc Faber.
“The air will be clean within the next one month and we can get a fairly good rebound starting from the middle of October until the spring of next year,” he said in a Bloomberg Television interview.
Faber also warns that AIG (NYSE:AIG) may be a “much bigger problem” than Lehman…
The Paradox of Deleveraging
I have often commented about the problem of personal savings. We worry about the lack of savings here in the US, but many do not understand that if everyone started to save 5% of there income immediately that it would seriously impact consumer spending, pushing the US into a recession.
Are Stock Markets Waking up to Reality?
British consumers are running out of credit. Stock markets took a serious hammering yesterday. The FTSE 100 lost nearly 150 points to close at 5,518. Over in the US, the Dow Jones dived by more than 350 points, to close at 11,453. This morning, the Asian markets followed suit, with the Nikkei 225 sliding nearly 300 points to 13,544 points.
Financial Bubble Is Ending Like Every Other
Editor’s Note: The financial sector bubble is heading the same way as all other bubbles, says Bill Bonner in The Daily Reckoning Australia. It’s going to pop.
Don’t Be Sanguine for Auld Lang Syne
Everyone, but everyone, knows that stock markets globally are driven by two primal emotions, viz excessive greed (which brings about the end of a bull market) and fear (which signals the demise of the bear).
How Mervyn the Magician and Helicopter Ben are Destroying Your Dollar
As you know, the biggest banks worldwide have owned up to enormous losses, now more than US$300 billion and still counting, over the last year. That includes the failure and bailout of the fourth largest U.S. investment bank, Bear Sterns.
Latest News
- What This Physical Gold Shortage Means for Smart Investors11:15am CDT
- Base Metals Rally Modestly, Bailout has At Least that Much Positive Effect11:13am CDT
- Crude Unchanged, Few Think Bailout will Affect Oil11:08am CDT
- Dollar Moves Higher as Bailout Bill Passes10:57am CDT
- Hold Altria (MO) for Solid Dividend Payouts10:44am CDT
- Wipeout! Dow Plunges Below 10,000 Mark10:22am CDT
- Why Bank of America (BAC) Will Triumph in This Crisis10:09am CDT
- FOMC Minutes Will Get The Most Attention, Earnings Are Upon Us Again9:36am CDT
- Wells Fargo and Citigroup Continue to Battle for Wachovia9:28am CDT
- Citigroup Takes Issue with Wells Fargo Bid for Wachovia9:17am CDT
- Early Indicators: Europe’s Turn8:37am CDT
- Ignore the Economic Reports8:36am CDT
- Gold Marks Time, Silver Rises and Platinum Falls12:27pm CDT
- Banco Santander (STD) Is Protected from EU’s Banking Crisis1:44pm CDT
- Global Nuclear Power Renaissance Is Well Underway1:26pm CDT
- Resource Stock Roundup Friday, October 3, 200811:13am CDT
- Aluminum Battered by Slumping Auto Sales11:06am CDT
- These 4 Stocks Will Suffer as Spending Dives11:03am CDT
- Crude plummets, Analyst Sees ‘Mass Hysteria’11:01am CDT