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Here’s an excellent summary article on the current state of Europe’s economy. A new bank bailout in the UK, plus a projected $398 billion (USD) stimulus package in continental Europe in order to help bank credit flows. You might want to check out the recent price of shares of Royal Bank of Scotland if you’re [...]
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Some recent news and thoughts:
Merrill-Lynch released a report saying that the U.S. is one of “the ten most vulnerable” economies in the world (read more here: a great article by George Washington). And:
“The United States may be on course to lose its ‘AAA’ rating due to the large amount of debt it has accumulated, according [...]
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Well, it looks like Citi will be safe after all. But the dividend is going down to no more than one cent per common share for the next few years or so! Read one of the first reports here.
I wonder how much of a rally it will see on Monday? My guess is that it [...]
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In an interview on Wednesday with a Bloomberg correspondent, Roubini let out another dire prophecy, although it’s not very specific and not different than what he’s been saying before. Here are some excerpts from that interview. You can also watch the whole video from the link below.
Basically the message is that the picture is still [...]
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A great article in today’s Financial Post explains how Canada’s really the most fiscally conservative G20 member right now. Ironic, eh? Flaherty and Harper don’t want any more government intervention in the markets right now.
Canada has the world’s best and most safe banking system currently. Corporations here aren’t going bankrupt and can still issue medium-term [...]
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So a bailout was finally passed – practically forced – but what difference will it make? Do you think it’s going to save anything or anyone at this point? The state of California alone has already said it’s pretty much out of money. Talking heads and experts are in agreement that we’re basically in a [...]
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