Category: Finance
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Was the Fed duped?
The Big Picture speculates that Bernanke was caught out by Societe Generale dumping futures contracts. The WSJ Market Beat blog tends to agree. Did Bernanke know about the fraud on Monday? Did Societe Generale tell the Bank of France, who then would have told the ECB? Did the ECB inform the Fed? The dumping of…
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Quote of the day
Jim Cramer, in an article about the Fed chairman Ben Bernanke, brought up George Bush’s views on the US economy. He constantly says it is fundamentally sounds, even if things are not going quite so well. Says Cramer: I’m not surprised by President Bush’s sunny economic outlook—this president would praise the Weimar Republic’s hyperinflation as…
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Talk of recession
In the run up to the Fed meeting this week, the chatter on investing websites and finance blogs is increasingly talking about recession in the US. This is linked to the subprime crisis, and going by Google Trends, talk of a recession has been gradually growing, at least with regard to searches. Red is subprime…
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Finance question
I am somewhat confused. During the run on Northern Rock I understood that the Bank of England disclosed information because they were obliged to by EU regulations. They could not keep it secret, as apparently had happened in the past. But Charlie McCreevy made some comments today that confused me: Mr McCreevy said in a…
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Cutting the rate
The Fed cut the rate by .5%. I love days like today. Cross your fingers for all the investment bank results this week…
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Meltdown
A Random Walk talked about Cramer’s outburst earlier this week. The decision on interest rates is later today, and it looks like a hold with futures pointing to a rate cut later in the year. Cramer’s own show is legendary – but his investment advice on individual firms seems to change with the wind.
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Google Apple merger
Some of you may remember that as far back as August 2005, I speculated that Google and Apple seemed like a good fit, and could potentially merge at some point. I was heavily criticised for expressing the idea. But watching stuff like this really makes me wonder. The partnerships between the two firms continue to…
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Tullow again
Ghana to be become African Tiger? With the help of now “UK-based” Tullow. Technically true, since they have offices in London. Though they have offices all over the world, notably also in Dublin.
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Tullow Oil
BBC news piece. And there was me thinking Tullow was an Irish company. Does that mean all firms listed on UK exchanges become UK companies?
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Covestor
Via Jeff is this CAPS-like service of watching the investment portfolios of other people. The bonus is that successful pickers get financial rewards. Definitely a winner, and definitely going to be bought out by a bigger firm. I’ve signed up to the beta, looks nice so far. Better than Stockpickr, but not quite as good…