 NPR Although headlines this summer have been predicting economic gloom — a flare-up in Europe's debt problems, falling bank stocks, another recession in the US — Norway has weathered the bad news. In fact, one of its main financial concerns is how to ... See all stories on this topic » | ||
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| Major Economist Says: Marx Was Right! Socialist Alternative In an interview with the Wall Street Journal about the present economic and financial instability, Roubini said: "Karl Marx had it right. At some point, capitalism can destroy itself. You cannot keep on shifting income from labor to capital without ... See all stories on this topic » | ||
| Financial priorities! The Nation, Pakistan The present economic or rather debt crisis in the West is significantly different from the sub-primecrisis of a few years back. In the past, the financial institutions in their zest to make quick moneycreated bottomless products, which on paper ... See all stories on this topic » | ||
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| Leading article: Sluggish economic growth is no excuse for delay on reforms The Independent After a financial crisis that saw the British taxpayer stump up £850bn-plus to shore up banksdeemed "too big to fail", this newspaper instinctively supports splitting banks' "casino" investment operations from the retail savings that were used to fund ... See all stories on this topic » | ||
| Subprime Mortgage Bonds Get AAA Rating From S&P Denied to US BusinessWeek 31 (Bloomberg) -- Standard & Poor's is giving a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst financial crisis since the Great Depression, than it assigns the US government. ... See all stories on this topic » | ||
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| Walker: Lagarde takes the lead UPI.com "We need urgent and decisive action to remove the cloud of uncertainty hanging over banks and sovereigns," she said. "Financial exposures across the continent are transmitting weakness and spreading fear from market to market, country to country, ... See all stories on this topic » | ||
| US Treasuries Largest Bubble in World History, Says NIA MarketWatch (press release) Market volatility is now at a level last seen in March of 2009 towards the end of the last financial crisis. On days with either positive economic news or rumors that Bernanke is getting ready to unleash QE3, stock prices rise while the prices of both ... See all stories on this topic » | ||
| Brewing economic storm Khaleej Times Between 2012 and 2015 Pakistan has to repay all of the $ 7.9 billion borrowed from the IMF since 2008. All these factors will feed into and exacerbate the other. It is their confluence that poses the danger of a financial crisis resembling that of 2008 ... See all stories on this topic » | ||
| Wednesday newspaper round-up: ExxonMobil/Rosneft, Cable, BofA... ShareCast In an interview with The Times, the Business Secretary criticised the “special pleading” of bankers who claim that the summer of economic and financial turmoil is reason to shelve efforts to toughenbank regulation, says the Times. ... See all stories on this topic » | ||
| Ringfence timing must not circumscribe a recovery Financial Times This is in a recession for most businesses, if not for economic pedants. The Vickers reforms had been popularly envisaged as the coda to a financial crisis, not an accompaniment. It would be unhelpful if speedily implemented reform reduced the appetite ... See all stories on this topic » | ||
| 6 Stocks With $50 Billion Debt Loads Seeking Alpha But as that crisis has receded from view, companies have become complacent again, piling up debt as if 2008 never happened. The largest debt-holders are generally in financial services. It may seem scary that firms like Bank of America (BAC), ... See all stories on this topic » | ||
| Why agreements with the Troika are odious International Viewpoint Indeed the bailing out of private banks by public authorities after the financial crisis burst in 2007 led to the steep rise in the public debt of these States. In this respect we can at least describe the cause of the agreements with the Troika as ... See all stories on this topic » | ||
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| PNC Financial Is A Banking Middleweight With Significant Upside Potential Seeking Alpha However, if I wanted to look for a bank with significant upside potential, where would I look? Having looked at the top 50 ranked banks in the USA, I noticed that if I put my money where my mouth is, then PNC Financial Services Group (PNC) is that bank ... See all stories on this topic » | ||
| Four ways this economic recovery is different Fortune (blog) But as Harvard University economist Kenneth Rogoff has pointed out, the recovery today is something that can only be called "The Great Contraction," suggesting that the aftermath of afinancial crisis does not look anything close to that of a typical ... See all stories on this topic » | ||
| 5 reasons gold is headed for $3000 MSN Money In the US and Europe, excessive government promises and debt are creating a financial storm. There are no easy solutions. "I am not sure there is the political will to really address the problems," says Hicks. At some point, though, a more serious ... See all stories on this topic » | ||
| PRECIOUS METALS: Gold Hits One-Week High On Fed Easing View Wall Street Journal Such easy-money policies by central banks in the developed world have helped push gold to a series of record highs since the financial crisis, as traders bet that the moves would hit the purchasing power of major currencies. ... See all stories on this topic » | ||
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| U.K. Mortgage Approvals Rose in July, BoE Says Bloomberg The reading is less than half the monthly average of 103000 in the decade to 2007, before thefinancial crisis struck. UK house prices fell for a fourth month in August and demand for homes may weaken further this year, Hometrack Ltd. said yesterday. ... See all stories on this topic » | ||
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| Industrial Borrowers Shine In Bond Market At Expense Of Banks NASDAQ Industrials' gains came at the expense of bond sales from financial borrowers. Banks met a rocky patch this month because of liquidity concerns and the continued overhang from Europe's debt crisis. Non-financial corporates accounted for $36.4 billion, ... See all stories on this topic »        |
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