by
Vadim Pokhlebkin
8/29/2008 11:00:00 AM
Pictures and video footage I've seen from the Great Depression almost always shows unmistakable signs of a real economic tragedy: people lined up on the street, waiting for help; homeless sleeping on a park bench; families living in tents; and everywhere – misery, desolation and despair. Looking around now, I see none of those things. If anything, I see the opposite...
Filed Under:
great depression, housing slump, credit crunch, crash of 1987, dotcom bubble, tulip mania
Category:
Economy
|
|
by
Nico Isaac
8/27/2008 5:45:00 PM
Think the U.S. economy has gone to the dogs? You may be more right than you thought. A Wednesday, August 27 L.A. Times article explains why consumer confidence is sinking to a 40-year low, via a science experiment involving -- well -- two obedient canines. Here’s the gist:
Filed Under:
credit crisis, banking crisis, housing crisis, us economy, conquer the crash
Category:
Economy
|
|
by
Bill Fox, Senior Bonds Analyst
8/22/2008 6:45:00 PM
In the summer of 1868, Mr. George Hull of Binghamton, New York, decided to pull off a hoax. He had a gypsum block carved into the shape of a giant dead man, buried at a farm near Cardiff, New York -- and then later, he had it dug up. Thousands of people flocked to pay and see "Mr. Hull’s giant." And here we are, 140 years later...
Filed Under:
Bigfoot, hoax, p.t. barnum sucker, mr. hull's giant, credit crunch, Fannie Mae, Freddie Mac, gse
Category:
Economy
|
|
by
Vadim Pokhlebkin
8/20/2008 8:45:00 PM
By claiming that there is a "negative loop between the financial system and the broader economy," the International Monetary Fund is essentially saying that we will be stuck in this bear market forever – literally. Think about it...
Filed Under:
International monetary fund, IMF, systemic risk, negative feedback loop, liquidity crisis
Category:
Economy
|
|
by
Nico Isaac
8/8/2008 4:45:00 PM
08.08.08: The long-awaited Summer FINANCIAL Olympic Games has begun. Hosted by the August 2008 Elliott Wave Financial Forecast, this event showcases the world’s leading economic athletes as they compete in the race toward opportunity. Here are just a few of the event’s most show-stopping details:
Filed Under:
Olympic Games, cdo, Merrill Lynch, dow jones industrrial average, Bear market, consumer spending, Gold, Crude oil
Category:
Economy
|
|
by
Nico Isaac
8/7/2008 4:15:00 PM
Suppose that all the conventional financial wisdom you've ever heard was written onto a large chalkboard -- and then someone gave you an eraser, a box of chalk, and the knowledge of how financial markets really work. That may be the kind of vision you'd have after reading Bob Prechter’s best selling book “Conquer The Crash.”
Filed Under:
Fannie Mae, George Bush, housing market, conquer the crash
Category:
Economy
|
|
by
Nico Isaac
8/5/2008 3:45:00 PM
Anxiety is to a rising market what a flaming torch is to a hot-air balloon. And, as one of the most reliable measures of collective investor emotion, the record widening of the Junk-to-Treasury Yield Spread over the last year shows exactly why the finanical sector has gone "Pop!"
Filed Under:
bond market, Yield spread, Junk-to-Treasury yield spread, 10-year Treasury bond, Federal Housing Administration
Category:
Economy
|
|
by
Alan Hall
8/4/2008 4:00:00 PM
Many people think the Fed has “saved” Fannie and Freddie, and the FDIC will “save” all depositors from the effects of the mortgage and credit crisis in the United States. Most people hope the crisis is just another temporary interruption in the “normal” bull market, and a return to the status quo is just around the corner.
Filed Under:
bailout, bailouts, Fannie Mae, FDIC, Federal Reserve, Freddie Mac, Real Estate
Category:
Economy
|
|
by
Nico Isaac
8/1/2008 4:45:00 PM
Given the amount of economic turmoil the U.S. faces today, the government will adopt a "Saving Private Ryan" policy regarding consumer spending: Keep Alive and Well at All Costs. Problem is, their rescue schemes have come too late...
Filed Under:
consumer spending, bailout, money supply, personal savings rate
Category:
Economy
|
|
by
Nico Isaac
7/30/2008 5:30:00 PM
The only way that today’s home prices could possibly look “inflationary” is if you’re standing on your head. Which begs the question: If the most dependable hedge against inflation -- namely real estate -- is crashing like the approval ratings of the U.S. Congress, then where does main street get off saying “Inflation” is the bane of our economy’s existence?
Filed Under:
inflation, Real Estate, housing market, 1970s, Federal Reserve, home prices
Category:
Economy
|
|
by
Nico Isaac
7/28/2008 6:30:00 PM
In times of panic, a drowning man will often pull his rescuer down under water with him. So it goes, one of the most dangerous threats to a Lifeguard’s safety is the very person they are trying to save. Sometimes… the choice must be made to let go. For the U.S. financial sector, that time is now...
Filed Under:
us banks, financial sector, Citigroup, Merrill Lynch, AIG, commercial loans, industrial loans, banking sector
Category:
Economy
|
|
by
Nico Isaac
7/18/2008 4:45:00 PM
Lehman Brothers on the skids, Washington Mutual shares plunge to a 17-year low, Citigroup and Merrill Lynch join the red-flag finanical parade, AND -- the third largest bank failure in U.S. history takes place with the shut down of Indymac Bancorp. Before the U.S. banking sector went to hell in a handbasket, we saw the "warning signs" of decline...
Filed Under:
us banks, financial sector, IndyMac, bank failure, FDIC, Fannie Mae, Freddie Mac
Category:
Economy
|
|
by
Robert Folsom
7/11/2008 6:00:00 PM
The politicians and policy pooh-bahs who say Fan/Fred is "too big to fail" are actually acknowledging that The Monster has failed ALREADY. I could write a lot of words about how corrupt these two institutions have been over the past decade...Years and years of corrupt behavior produced layer and layer of congressional and regulatory "oversight." Yet today, The Monster mocks its creator more loudly than ever.
Filed Under:
Category:
Economy
|
|
by
Nico Isaac
7/11/2008 5:45:00 PM
On Friday, July 11, the pandemonium surrounding Fannie Mae and Freddie Mac’s fall from financial grace prompted some panic-stricken citizens to ask the most dreaded of all questions: If the U.S. government is forced to bailout the flailing mortgage giants, will the leader of the free world lose its coveted AAA status?
Filed Under:
Fannie Mae, Freddie Mac, AAA status, enron, Ambac, MBIA, credit rating
Category:
Economy
|
|
by
Nico Isaac
7/3/2008 10:15:00 AM
In the words of renowned financier Warren Buffett: “Only when the tide goes out do you discover who’s been swimming naked.” The tide of the U.S. credit industry is out. And everyday, more and more titans of finance are found standing in the shallow water without swimming trunks...
Filed Under:
credit crisis, banking sector, deflation, depression, Merrill Lynch, Goldman Sachs: Bear Sterns, write downs, Bank for International Settlements
Category:
Economy
|
|
by
Peter Kendall
6/27/2008 5:00:00 PM
It's only after GM loses 70% of its market value that it's finally voted downgraded. Why does the market lag so far behind such results? Elliott Wave International has some ideas.
Filed Under:
GM, Goldman Sachs, Downgrade, Economy
Category:
Economy
|
|
by
Nico Isaac
6/25/2008 12:30:00 PM
On Wednesday, June 25, Elliott Wave International completed its annual Financial Forecast FreeWeek event.
Thousands of people from all over the world took advantage of instant, no-cost access to the uniquely rich insights and lessons that come with our subscriber-only services. Here are just some of those FreeWeek highlights: The Fed, the Dow, Gold, Oil, and the Credit Crisis...
Filed Under:
Federal Reserve, rate cuts, T.A.F, dow jones industrial average, Dow, Gold, Crude oil, credit crisis
Category:
Economy
|
|
by
Euan Wilson
6/23/2008 4:30:00 PM
People are anxious about Ben Bernanke & Co. right now, as the ritual fixation intensifies regarding this week's Fed meeting: "Will the Fed increase interest rates? Will it decrease them? Or will it do nothing at all?!" A better question might be: Should we even care?
Filed Under:
Fed Rate, when is the next fed meeting, will the fed increase interest rates, fed fund rate history, Fed rate cut history, Plunge Protection Team
Category:
Economy
|
|
by
Nico Isaac
6/20/2008 4:00:00 PM
On Thursday, June 19, the U.S. Justice Department announced the results of phase ONE of “Operation Malicious Mortgage”-- a nationally coordinated crackdown against conspiracy, corruption, and fraud in the country’s leading mortgage companies...
Filed Under:
mortgage crisis, Real Estate, us justice department, operation malicious mortgage, S&P Homebuilding
Category:
Economy
|
|
by
Euan Wilson
6/17/2008 10:45:00 AM
The heroes of the boom times have seen some troubled months. A full year after they first told us "the worst of the credit crisis is over," we're reading monthly (sometimes weekly) news about big-name CEOs (et al) getting the axe. If anything this trend is picking up steam, hardly a "worst is over" scenario. But who's really to blame?
Filed Under:
credit crisis, Losses, CEO CFO COO, Boardroom, Dismissal
Category:
Economy
|
|
|
|
|