On the bright side, stocks could’ve done a whole lot worse given the persistent deterioration in Europe. First, the scoreboard:
Dow: -25.6 pts, -0.2%
S&P 500: -3.1 pts, -0.3%
NASDAQ: -18.5 pts, -0.8%
And now, the top stories:
After being closed f…
Regime Change in Europe: Do Greece and Italy Amount to a Bankers’ Coup?
By Stephan Faris Friday, Nov. 11, 2011
The voice of the people isn’t something the markets seem to want to hear these days. First…
As the economic slump that began in 2007 continues, the question persists: Why? Unless we have a better understanding of the causes of the crisis, we can’t implement an effective recovery strategy. So far, we have neither.
We were told that…
The Profession and the Crisis
Paul Krugman
Woodrow Wilson School, Princeton University, Princeton, NJ 08544-1013, USA
So we’re having an economic crisis. I say “having,” not “had,” because we have by no means recovered. Financial panic may h…
Among the growing signs that the U.S. is bracing for the possibility of default:
Treasury Secretary Timothy Geithner and Federal Reserve Board Chairman Ben Bernanke met Friday for 90 minutes to begin contingency plans for preventing a default fro…
Millionaire Wealth Rises to Pre-Crisis Levels
By Lorie Konish
June 22, 2011
While the international millionaire population’s wealth rose past pre-crisis levels in 2010, wealth managers need to prepare as that demographic gradually shifts to younger…
Banks keep commods risk low after two big quarters
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Yet, investment banks such as Goldman Sachs (NYSE:GS – News), Morgan Stanley (NYSE:MS – News) and JPMorgan (NYSE:JPM – News) are not willing to stake as much money on raw …
Global Bond Growth Rate Decelerates to Pre-Crisis Levels: Credit Markets
By Sapna Maheshwari –
Jan 20, 2011 7:02 AM ET
The global bond market’s expansion is slowing for the first time since 2005 as governments withdraw stimulus and credit conditio…
The following is an excerpt from the Professional Edition Fed Report of December 23. It was also made available to Wall Street Examiner Economic Bulletins, a free email service, on December 24. You can subscribe via the form in the left sidebar. The Mortgage Bankers Association’s Mortgage Applications index announced Wednesday did a belly flop.…
