Category: Credit Crisis 2008
The analysis published under this category are as follows.
Sunday, December 21, 2008
Panorama: The Year Britain's Credit Bubble Burst / Interest-Rates / Credit Crisis 2008
By: BBC
Happy Christmas? For many people the holiday season is more likely to be a fearful one as they worry about their finances and job security after a year of global economic turbulence.
The last 12 months have seen house prices tumble and repossessions rise, with banks needing billion-pound bailouts. Such has been the speed of the economic crisis that the notion of the credit crunch has been replaced by the very real prospect of a recession.
Thursday, December 18, 2008
Credit Collapse Financial Market Impacts and Implications / Stock-Markets / Credit Crisis 2008
By: Doug_Wakefield
The Big, the Bull, and the Bankers - Over the last few years, in my search to understand how we arrived at this historic juncture, I have been confronted with how ignorant the general public is regarding the history of money. But, after five years of researching and writing about this period, I still find it difficult to understand the day-to-day machinations of things like Collateral Debt Obligations, Credit Default Swaps, and Currency Swaps. So, the public's confusion is understandable. Bundling hundreds of debt products and layering them one on top of other, as collateral, is just too complex. But, I am not alone in this. Read full article... Read full article...
Thursday, December 18, 2008
The Free Market has Failed, and Officialdom is Perpetuating that Failure / Stock-Markets / Credit Crisis 2008
By: Mike_Whitney
Ever since the two Bear Stearns hedge funds defaulted 17 months ago triggering a global financial crisis, the Federal Reserve has been busy putting out one fire after another. Fed chief Ben Bernanke has slashed interest rates to .25 percent, handed out billions in emergency funding to teetering insurance companies and mortgage lenders, and provided $8.3 trillion in loan guarantees to keep the financial system from collapsing. Read full article... Read full article...
Thursday, December 18, 2008
Ratings Agencies Greed and Fraud Magnified Credit Crisis / Stock-Markets / Credit Crisis 2008
By: Money_Morning
Shah Gilani writes: Underlying the credit crisis gripping the U.S. and world economies is a crisis of confidence. Blame has been laid at the feet of the U.S. Federal Reserve, and an investment bankers' brew of toxic financial products. Ultimately, however, it was the supposedly trustworthy rating agencies that got everyone to drink the poisoned Kool-Aid. Read full article... Read full article...
Wednesday, December 17, 2008
Financial World Turned Upside Down– A Changing of the Guard? / Economics / Credit Crisis 2008
By: William_R_Thomson
Revolutionary war history buffs may recall that as Lord Cornwallis surrendered to George Washington at the Battle of Yorktown in 1781 his band – the Buckinghamshire Light Infantry - played “The world turned upside down”. Nothing could be a more apt metaphor for the global financial markets in the latter half of 2008. The established economic orthodoxies have been progressively jettisoned as the global markets entered an unprecedented phase of meltdown and fear drove out greed as the overriding driving force. Read full article... Read full article...
Monday, December 15, 2008
The Financial Bomb in your Christmas Stockings / Economics / Credit Crisis 2008
By: Darryl_R_Schoon
Misplaced fears are the most dangerous of all - The Muslim terrorists of Mumbai are not our greatest threat nor will they cause the greatest suffering in the days ahead. That which will cause the greatest grief is the banker's system of credit-based paper money, a house of cards now in flames and about to burn all inside who still believe it to be shelter instead of a charnel house.
Those who have attended Professor Antal E. Fekete's Gold Standard University Live (GSUL) are not found around corporate watering holes discussing stock tips. Although aware of the markets, those in attendance have their focus on the system itself, on what caused its problems and what can be done to correct it.
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Monday, December 15, 2008
Bailout for the People: “The Cook Plan” / Politics / Credit Crisis 2008
By: Richard_C_Cook
Prepared for the U.S. Basic Income Guarantee Network Annual Conference New York , N.Y. , February 27-March 1, 2009 Submitted by Richard C. Cook December 12, 2008 - This system is not free enterprise, and it is not capitalism. It is a cancer that is destroying the world.
Isn't it Finally Time to Enact a Basic Income Guarantee?
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Saturday, December 13, 2008
Free Money with that Credit Default Swap? / Interest-Rates / Credit Crisis 2008
By: John_Mauldin
- Things That Should Not Be
- I'll Pay You to Hold My Cash
- Pushing on a String
- Free Money with that Credit Default Swap?
- Oil Does a Strange Contango Dance
- The Tragedy of Bernie Madoff
There are things in today's markets that are simply astounding. They should not exist, yet they do. Why should US bills trade at negative interest? How can oil be trading at all-time highs in terms of spreads over the next year? Bank debt and bonds are trading at discounts not to be believed. Want some free money? I show you a trade that gives you (almost) just that. Fed funds at zero? Are we starting to push on a string? We'll cover all this and more in this week's letter.
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Friday, December 12, 2008
Conquer the Crash, Protect Yourself From the Financial Crisis / Personal_Finance / Credit Crisis 2008
By: EWI
Elliott Wave International (EWI), the world's largest market forecasting firm, has just released a free 15-page report featuring 5 chapters from Bob Prechter's New York Times bestseller, Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression.Read full article... Read full article...
Tuesday, December 09, 2008
How to Invest in this Global Credit Crisis / Stock-Markets / Credit Crisis 2008
By: Dudley_Baker
Arnold Bock writes: Virtually all investors large or small, institutional or private, sophisticated or clueless have managed to weather the current tsunami in the financial markets. If they are honest, however, most would admit to having taken at least a haircut and a shave, if not a bath, from late September 2008 to the present. Read full article... Read full article...
Tuesday, December 09, 2008
Credit Crisis Watch- Banking Sector Distrust Remains High / Interest-Rates / Credit Crisis 2008
By: Prieur_du_Plessis
In order to gauge the progress being made to unclog credit markets and restore confidence in the world's financial system, I monitor a range of financial spreads and other measures. By perusing these, as summarised in this “Credit Crisis Watch” review, one can ascertain to what extent the various central bank liquidity facilities and capital injections are having the desired effect.
First up is the LIBOR rate. This is the interest rate that banks charge each other for one-month, three-month, six-month and one-year loans. LIBOR is an acronym for “London InterBank Offered Rate” and is the rate charged by London banks, and which is then published and used as the benchmark for banks' rates around the world.
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Tuesday, December 09, 2008
Obama and the Global Credit Crisis / Politics / Credit Crisis 2008
By: Richard_C_Cook
Even as preparations are underway for Barack Obama to assume office as the 44th president of the United States on January 20, the U.S. military juggernaut that is roaring toward global conquest hasn't missed a beat. This is shown by the team of hawks—including holdover Robert Gates at Defense and Hillary Clinton as Secretary of State—that Obama has assembled to handle the levers of the war machine and its diplomatic front.Read full article... Read full article...
Monday, December 08, 2008
How to Survive the Credit Crisis / Stock-Markets / Credit Crisis 2008
By: EWI
Before it became the worst credit crisis since the Great Depression, the credit crisis used to be an arcane topic discussed only in financial publications. Now, it's on every computer, television screen, and front page of every newspaper in the world.
In these tough economic times, you'll be hard pressed to find a more relevant and useful free resource than the Credit Crisis Survival Kit. It's packed with 15 hand-picked reports, videos, and articles to help individuals survive and prosper from the Credit Crisis.
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Friday, December 05, 2008
Financial Crisis Secrets Revealed / Economics / Credit Crisis 2008
By: EWI
Editor's Note: This article has been excerpted from a free issue of Robert Prechter's monthly market letter, The Elliott Wave Theorist .
The full 10-page market letter, Be One of the Few The Government Hasn't Fooled , can be downloaded FREE from Elliott Wave International.
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Thursday, December 04, 2008
U.S. Economy Disintegrating as Government Supports Zombie Banks / Economics / Credit Crisis 2008
By: Jim_Willie_CB
The USGovt and financial system is growing deep commitments to support dead entities. Their business models have failed. They are bankrupt. Although with faulty business model, often l aced with fraud, they have been fully adopted by the USGovt and US Federal Reserve. They are considered too big to fail. Or one should say, they are too connected to the power structure, or they are too intertwined with explosive financial devices, or one from their own tribe is running the Dept of Treasury. Capitalism embraces the Darwinian principles bound by survival of the fittest. The United States bears absolutely no resemblance to such principles anymore, at least at the upper corporate echelons. Read full article... Read full article...