Growing Unrest In Russia Amidst Economic Crisis

Falling oil prices, a collapsing Ruble, and a souring economy have Russia in the worst crisis in over a decade. The Financial Times is talking about this in Russian economy: The Putin defence.When a top economic adviser to Vladimir Putin approached his boss in September to argue that the rapid fall in the oil price meant he would have to devalue [more...]

Date: 2008-12-30 12:13:00

Blog posts (126) | Videos (34)
 

Will All Be Well, And End Well, In Estonia?

Well, there doesn’t seem to much room for doubt at this point does there, the Baltic Economies are in the van of the European economic slowdown for 2009, just as they were leading the charge up in 2007, and all that debate about whether we were going to get a hard landing or a soft one seems now so out of date and and old hat as we watch how [more...]

Date: 2009-01-13 15:59:56

Nuclear warning to taxpayers, investors, part 2

By Joseph Romm Part 1 presented a new study that puts the generation costs for power from new nuclear plants at from 25 to 30 cents per kilowatt-hour -- triple current U.S. electricity rates! Nuclear plants with such incredibly expensive electricity and "out of control" capital costs, as Time put it, obviously create large risks for utilities, [more...]

Date: 2009-01-10 12:44:19

Portugal Sustains

by Edward Hugh: Barcelona "Art has a function of teaching about the human condition. We live in hope, hope is fundamental" - Manoel de Oliveira Manoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have [more...]

Date: 2009-01-12 19:22:42

Guest Post: Time to Recapitalize Banks Fully

As debate continues over the release of the second half of the Treasury Department’s Troubled Asset Relief Program, Peter Boone and Simon Johnson argue that it’s time to stop taking half steps and make sweeping moves to fight bank insolvency. Boone is chairman of Effective Intervention, a U.K [more...]

Date: 2009-01-15 11:47:00

Choosing a Credit Repair Firm

Credit repair is a million dollar industry with a lot of scams. Finding a loan with poor credit isn’t hard, getting a decent interest rate can be ... so you can qualify for low rate loans and credit cards. Debt settlement and debt consolidation ... . When you clean up your credit report you end up saving hundreds, if not thousands, of dollars [more...]

Date: 2009-01-15 18:49:38

Deals of the Day: Jamie Dimon Predicts Two More Quarters of Recession

Deals of the Day, compiled by Stephen Grocer and Heidi N. Moore, gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. Deal Journal’s homepage is http://blogs.wsj.com/deals. You can also see real-time updates of our posts and our favorite deal-related articles on other Web [more...]

Date: 2009-01-13 15:28:00

Portugal Sustains

“Art has a function of teaching about the human condition. We live in hope, hope is fundamental” - Manoel de Oliveira Manoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have steadily stuck their neck [more...]

Date: 2009-01-12 14:37:23

Bernanke's Speech (Or we are all AIG)

The Crisis and the Policy ResponseFor almost a year and a half the global financial system has been under extraordinary stress--stress that has now ... confidence in credit markets. However, although the subprime debacle triggered the crisis, the developments in the U.S. mortgage market were only one aspect of a much larger and more encompassing credit [more...]

Date: 2009-01-13 13:06:00

Spain sees risk of debt downgrade, Fitch holds AAA

MADRID, Jan 13 (Reuters) - Spain's Economy Minister acknowledged a risk on Tuesday that major rating agencies might downgrade the country from its "AAA" credit status, although Fitch said it was holding its top-notch rating on the debt. Spain ... departed from a bullish government line to tell reporters: "It's a risk. Obviously in the case [more...]

Date: 2009-01-14 08:27:28

Resolution #9: We will return the Favor to our Bank

Resolution #9: We will return the Favor to our Bank A lot of blame is being put on the financial industry for getting the country into this ... to pull out of loan agreements or persuade Company’s not to draw down on credit facilities. As the economy worsens, more Companies will be at risk for failing banking covenants, especially on debt [more...]

Date: 2009-01-15 13:30:57

S&P's Puts Spanish Sovereign Debt On Ratings Watch Negative

Spain yesterday became the third euro zone country within a week to be warned by rating agency Standard & Poor's that its credit rating ( ... finances.The gap in bond yields between the benchmark German bunds and the sovereign debt of Spain ... fallen.One year ago the financing of Spanish government debt was barely more expensive than [more...]

Date: 2009-01-13 10:11:00

S&P's Puts Spanish Sovereign Debt On Ratings Watch Negative

Spain yesterday became the third euro zone country within a week to be warned by rating agency Standard & Poor's that its credit rating ( ... finances.The gap in bond yields between the benchmark German bunds and the sovereign debt of Spain ... fallen.One year ago the financing of Spanish government debt was barely more expensive than [more...]

Date: 2009-01-12 22:13:00

Project Humanbeingsfirst Index

Honorific of the day “you are a completely stupid fool, a disgrace to humanity” -- Paul Craig Roberts, United States Former Assistant Secretary of the Treasury, Dec 06, 2008Quote of the day “The answer to 1984 is 1776” -- Alex Jones “The answer to 1776 is the USA Patriot Act” -- The Chairman “The answer to Patriot Acts anywhere is Gandhi” [more...]

Date: 2009-01-11 22:40:00

College Health Risk Indicators

by Daniel BennettColleges increasingly face calls for additional accountability, transparency and productivity measures ... percent. 3. Student default rate is more than 5 percent. 4. Debt service is more than 10 percent of annual operating budget. 5. The ratio between endowment and operating budget is less than 1-to-3 [more...]

Date: 2009-01-14 12:30:00

No Help for Middle class Americans. Can we get help sooner than later?.

After a year of failed efforts, Congress and the new administration are considering more aggressive measures, including a possible change to bankruptcy law. Homeowner relief could come as part of a new ... for foreclosure relief. Congress and the incoming administration are taking a multipronged approach [more...]

Date: 2009-01-14 21:32:00

What The Rise And Fall In Housing Has Done

The Ventura County Star reports from California. “Thousands of Ventura County residents were pushed out of their homes last year, and many more were left hanging on by a thread — a situation exacerbated by mounting job losses. In Ventura County, December foreclosure filings surged 37 percent from November and 97 percent from a year ago, [more...]

Date: 2009-01-15 18:16:59

Nukes, War & Markets

David R. Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. He holds a B.S. in Economics from The Wharton School of the University of Pennsylvania, an M.S. in Organizational Dynamics from The School of Arts and Sciences at the University of Pennsylvania, and a Masters in Philosophy from the University of Pennsylvania. Mr. [more...]

Date: 2009-09-27 18:30:24

Daily Owner Earnings

ThoughtsThis depression is going to lead to deflation for a few years. Obviously companies are going to adjust to this environment. In the meantime their earnings will go down. Once these companies get adjusted to the deflationary environment, deflation will have run its course. That’s when the inflation will kick in. ( [more...]

Date: 2009-01-14 00:13:00

So Who is Getting All of the Taxpayers’ Cash?

Amazing.  Not only are trillions of dollars being passed around to bail out any business with at least a couple congressmen on its side ... understatement. The Treasury fund, the “Troubled Asset Relief Program,” was supposed to be spent on soured [more...]

Date: 2008-12-28 22:31:17

Portugal Sustains

"Art has a function of teaching about the human condition. We live in hope, hope is fundamental" - Manoel de OliveiraManoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have steadily stuck their neck [more...]

Date: 2009-01-12 14:35:00

"Deflation has become inevitable"

I'm reproducing the bulk of a very good (and possibly final) ... eventually to retreat even from government debt. He argues that they will tire at throwing good money ... that the high risk spreads are due to deleveraging, not distrust) but it is a serious issue if true [more...]

Date: 2008-12-13 07:47:30

DrumBeat: December 16, 2008

Robert Bryce: OPEC Was Right About Oil Prices. Now What? Back in June, I wrote a piece for The American in which I argued that oil prices were being driven higher by the immutable law of supply and demand. Today, with prices plunging to near $40 instead of the $145 level seen in mid-July, [more...]

Date: 2008-12-16 13:30:26

Live-Blogging Goldman Sachs’ Fourth-Quarter Earnings

We nominate this for the securities industry’s saddest sentence: “For the period ended Nov. 30, Goldman reported a net loss of $2.12 billion…compared with net income of $3.22 billion… a year earlier.” As even bunnies hiding in the woods know by now — because the Wall Street Journal’s Sue Craig, [more...]

Date: 2008-12-16 16:26:31

Live-Blogging Goldman Sachs’ Fourth-Quarter Earnings

We nominate this for the securities industry’s saddest sentence: “For the period ended Nov. 30, Goldman reported a net loss of $2.12 billion…compared with net income of $3.22 billion… a year earlier.” As even bunnies hiding in the woods know by now — because the Wall Street Journal’s Sue Craig, [more...]

Date: 2008-12-16 19:11:00

Project Humanbeingsfirst Index

Honorific of the day “you are a completely stupid fool, a disgrace to humanity” -- Paul Craig Roberts, ... on Terror' News Analysis in Context Financial Terrorism November–December 2008 Financial News Analysis in ContextLatest Reports Response to Ellen Brown's 'How to Resolve the Credit Crisis' January [more...]

Date: 2009-01-14 00:03:00

Taking Stock in Coca-Cola (KO):

When you first examine Coca-Cola (KO) there is an immediate emotional response many individuals have to their product(s). Love it or hate it; the products of this company are consumed on a daily basis globally ... % of the global population consuming a minimum of one product sold by the Coca-Cola Company each and every [more...]

Date: 2009-01-10 01:32:43

Good Debt vs. Bad Debt

by Michael Geoffrey Yes, there is such a thing as good debt ... in the long run. * Student loans - Getting a college education is a good investment as well. By earning ... a start up loan for a business venture this can be good debt. Again you are borrowing in order to give [more...]

Date: 2009-01-14 20:09:45

Sutor Technology Group Limited Announces Fourth Quarter and Fiscal Year 2009 Results

Sutor Technology Group Limited Announces Fourth Quarter and Fiscal Year 2009 Results DONGBANG TOWN, China, Sept. 24 /PRNewswire-Asia-FirstCall/ — Sutor Technology Group Limited (Nasdaq: SUTR; the “Company” or “Sutor”), one of the leading private manufacturers of fine finished steel products used by steel fabricators and other applications in China, today announced its financial results for the fourth quarter and fiscal year ended June 30, 2009. Commenting on the results, Ms. [more...]

Date: 2009-09-25 01:22:48

What Is The Level Of Deflation Risk In Germany?

Only one thing is really clear about the Germany economy at the present time, and that is that it is shrinking rapidly. In fact it contracted far more than most analysts and observers expected in the third quarter (although I, for one, was not especially surprised) [more...]

Date: 2008-12-24 09:13:06

Dr. Doom says we have a long way to go

Lately I've taken to listening to Bloomberg News while in the car on my way to and from work ... ; a few emerging-market economies entering a full-blown financial crisis, and some at risk of defaulting on their sovereign debt. Certainly, the United States [more...]

Date: 2009-01-13 11:43:01

Personal Finance Blog Posts for this Week

Personal Finance Blog Posts for this Week Personal Financial Blog Articles of the Week Carnival of Financial Planning - January 10  2009 Edition ... Budget posted at No Debt Anymore .org, saying, “Making your money work for you is the ultimate goal ... at Out of Debt Christian, saying, “Financial times are scary and the thought that your broker might [more...]

Date: 2009-01-10 23:35:37

The Crisis and the Policy Response - Benanke

SpeechChairman Ben S. BernankeAt the Stamp Lecture, London School of Economics, London, EnglandJanuary 13, ... on many financial institutions and shook investor confidence in credit markets. However, although ... one aspect of a much larger and more encompassing credit boom whose impact transcended the mortgage [more...]

Date: 2009-01-14 14:16:00

Jumbo Prime ‘Walk Away’ Loans - More Downgrades Coming

Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing financial institutions into new lending markets. His primary focus was upon Agency, Jumbo, Alt-A and FHA insured residential mortgages [more...]

Date: 2008-12-10 16:51:11

Other Side of Darkness

Click charts to ENLARGE. Steven Covey writes about the importance about being able to see the argument from the other guy's perspective ... where. But for the present, debt destruction produces historic economic weakness, coupled ... as investment advice. [more...]

Date: 2009-01-15 01:09:10

Is The Stock Market Cheap?

For the last two months, we have heard round after round of bottom calls and a consistent message of "stocks are cheap". Some make the claim based on a comparison to treasuries. The reality is it makes no sense to compare stocks to treasuries. What does make sense is to discuss earnings estimates [more...]

Date: 2009-01-09 04:51:23

MICROCAPITAL.ORG STORY: Exclusive Interview On The Current State Of Microfinance In Malaysia And Challenges Facing The Sector: Observations From The Assistant Governor Of Bank Negara Malaysia

In a recent Microcapital.Org exclusive written interview with the Malaysian central bank, Bank Negara Malaysia , the Assistant Governor Mr Muhammad bin Ibrahim provided the following responses to a series of questions about the current state of microfinance in Malaysia and challenges facing the sector. Previous Microcapital.Org stories on microfinance in Malaysia have been set out in the Bibliography section below - . [more...]

Date: 2009-09-24 05:03:18

Effective Immediately - No Refi’s For Borrowers with Modified Loans

1/5/09 - EFFECTIVE IMMEDIATELY - Modified Loans are Ineligible For Fannie/Freddie Refi’s, while FHA MAY Be Eligible ... , resulting in either absolute forgiveness of debt or restructuring the debt through either ... of the original mortgage debt to a “soft” subordinate mortgage; or Conversion of any portion [more...]

Date: 2009-01-12 17:52:15

Credit information

  The Trump Blog, I thought the information in Trump’s blog would be worthy to share with you ... .  According to the article, the breakdown is as follows: 35% - Payment History 30% - Amounts Owed ... debt. Don’t use your whole credit line every month, even if you pay your balance off in full every [more...]

Date: 2009-01-10 14:20:37

A “Key” Reason Not to Bail Out Private Student Loan Providers

Readers of this blog will know that we think it would be a major mistake for the U.S ... " with these institutions to provide expensive private loans to the at-risk students these schools tend ... the loans, shifting these high-risk loans onto unsuspecting investors. One of the most aggressive [more...]

Date: 2008-12-10 23:00:00

Taking Stock in Coca-Cola (KO):

This is a guest post from Brad, who maintains http://www.nurseb911.com/ and http://www.dividendsanonymous.com/ ... have to their product(s). Love it or hate it; the products of this company are consumed on a daily basis globally ... of 25% of the global population consuming a minimum of one product sold by the Coca-Cola Company each [more...]

Date: 2009-01-12 13:30:00

Banro appoints debt financial advisor for its Twangiza gold project

Banro appoints debt financial advisor for its Twangiza gold project TORONTO, Sept. 24 /PRNewswire-FirstCall/ — Banro Corporation (”Banro” or the “Company”) (NYSE AMEX – “BAA”; TSX – “BAA”) is pleased to announce that it has finalized the appointment of Standard Chartered Bank as the exclusive debt finance advisor for the Company’s wholly-owned Twangiza gold project in the Democratic Republic of the Congo (the “DRC”). [more...]

Date: 2009-09-24 17:23:01

Friday Digest - Vol. 09 No. 01

Friday Digest — Vol. 09 No. 019 January 2009THE FOUNDATION"A Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." --John AdamsPATRIOT PERSPECTIVE2008 in review: Top questions Barack Obama did not answerBy Mark AlexanderPerhaps you've noticed an abundance of "Top Ten" [more...]

Date: 2009-01-09 16:19:00

Deals of the Day: Dow Chemical Ready to Sue Kuwait For Breakup Fee

Deals of the Day, compiled by Stephen Grocer and Heidi N ... the TV Guide Network and TV Guide Online properties from Macrovision Solutions Corp. for $255 million ... Markets Debt: “The credit markets may struggle to find a “magic cure” for protracted woes this year [more...]

Date: 2009-01-06 12:52:35

“We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.” — President Bush, Oct. 15, 2002 THE BLUEPRINTS In June 2002, [more...]

Date: 2008-12-21 16:01:46

Getting Mortage - Some Tips

Getting a mortgage is never easy, but first-time buyers have it roughest of all.  They don’t have cash from selling a previous residence to help them come up with the down ... home buyers, see the following table: Help for First-Time Mortgage Borrowers PROBLEM [more...]

Date: 2009-01-14 14:52:33

Read Loan Plans for Small Businesses

Loan Plans for Small Businesses 15 01 2009 The government have revealed plans to guarantee small businesses £20billion of loans ... Fund specifically for businesses with high levels of debt that have “exhausted traditional forms of financing” has been set up. £50million of this is provided by the government and £25million by major [more...]

Date: 2009-01-15 05:02:53

Fed Ponders Issuing Debt to Finance Its Mushrooming Balance Sheet

The Wall Street Journal, in a typically anodyne bit of reporting, tells us that the Fed is considering selling its own debt to finance its balance sheet, Its good ... of the Fed, now has a big enough financing calendar in the offing that it no longer can lend a helping hand [more...]

Date: 2008-12-10 06:46:28

Trepidation About Quantitative Easing, Version 2.0

The Fed made official its move to quantitative easing today, and said it will take no prisoners until it has lowered rates and credit spreads further ... of agency debt and mortgage-backed securities to provide support to the mortgage and housing [more...]

Date: 2008-12-17 10:28:49

Words from the (investment) wise 12.28.08

Investors spent the holiday-shortened Christmas week in an un-merry mood, digesting more gloomy economic data and taking stock of a tumultuous 2008 ... s exuberance), but also still be battling with the implications of the credit crisis for the global economy [more...]

Date: 2008-12-28 12:31:33

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