This is the highest rate since November 13, 2004 and was above an average forecast of 7.38 percent in a Reuters poll of analysts. The rise is mainly due to higher food prices for example the price of Tea went up by 17% Don’t believe the food shortage hype though. The media is creating a food…
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Heading into its earnings report, the sentiment surrounding Sun Microsystems Inc. had a distinct ursine quality to it, and headed out of that report, the bears are still snuffling about.
We’ve covered Antilla, the Ambani’s massive mansion in the past, but it’s nearing completion and the Ambani’s are about to move in. Forbes has estimated the cost at $2 billion dollars which raises the question of who/what is insuring this home? Times Now has covered the home with this video. …
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$$$ Strippers Saved! [Curbed]
$$$ Citi Sued Over Muni Hedge Fund [FINalternatives]
$$$ Fortune Late in the Face Of Our Own EP …
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$$$ Strippers Saved! [Curbed]
$$$ Citi Sued Over Muni Hedge Fund [FINalternatives]
$$$ Fortune Late in the Face Of Our Own EP …
Fuente Original
In this chapter of Human Action, Mises lays out the boundaries of economic calculation, and explains that within their sphere market prices render all the services needed of them. The tools of economic calculation are inappropriate, though, when people extrapolate into areas outside of the actual market. In particular, economic calculation cannot provide a measure of immutable value, because no such thing exists. The efforts to devise a stable money and to provide a flow of guaranteed income are futile….
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Countrywide Financial Corp., which has taken plenty of shots to the gut during the credit crunch, was sucker-punched again today, causing investors to sell the shares and boost expectations of a potential default on its debt.
Ratings agency Standard & Poor’s downgraded the company’s credit rating to junk status at about 2 p.m. ET. The rating agency was reacting to a regulatory filing by …
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What impact will the global credit crisis have on India has been a hot topic of late. The pundits are chiming in, and it’s nearly 3 to 1 that India will survive the crisis intact. The latest I’ve been following is on Seekingalpha.com where a real estate leader we have covered in our top ten…
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You could be forgiven for missing the news that the Fed is now accepting as collateral securities backed by credit card debt and auto loans. It doesn’t look like a very good sign. It also makes me wonder:
What if the ratings on collateral the Fed has accepted slip below their minimum standard? Is there a covenant violation? Will the Fed liquidate? Force counterparties to buy them back?
I’m willing to bet the answer here is: “Nothing will happen.”
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House Financial Services Committee Chairman Barney Frank had complimentary words for Ben Bernanke in an interview to be broadcast later today on Bloomberg’s Political Capital with Al Hunt, even going so far as to say the current Federal Reserve Chairman is doing a better job than his predecessor.
There is nothing wrong with the product. But boy, the branding bites.
That?s what I thought last night at Radio City Music Hall as I watched one of country music’s greatest get upstaged by poor song pacing, stale one-liners and lackluster packaging that distracted you from the star.
And let?s face it — it?s pretty hard to get distracted from Dolly Parton.
For all of the talk of the forthcoming stimulus checks headed directly to the savings account (or the credit-card balance), a number of retailers are poised to benefit — but particularly if they cash checks, such as W…
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So much for my morning prediction. There is extensive commentary on the street that says this number isn’t strong by any means. The manufacturing report also showed a lot of inventory building and was positively impacted by higher oil prices. So none of these reports are good. I think the flattish stock market now makes more sense than how we opened.What I said in A…
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Great analysis and figure from my friend Toby of the social networks among the public company boardroom set. Click for a larger version. 
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I have been out of pocket a lot this week at meetings — I just inked the deal on a huge new project. Details will be forthcoming soon, but I am very jazzed about it.
Hint: It involves Bear Stearns . . .
Scott Patterson has this report on finding ways to cover one’s assets.
The latest upswing by stocks shouldn?t blind investors to the troubles on the way, or divert them from preparing their portfolios for what could be a long and painful slowdown. After all, the economy is barely growing, the Fed is not expected to lower interest rates for some time, and oil prices remain high.
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