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Daily Archives: March 10, 2009

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Pandit Says Citigroup (C) Off To Great Start For The Quarter

Posted: March 10, 2009 at 5:19 am

Citigroup (C) CEO Vikram Pandit says that the bank is having a great quarter. That must be true because he says it is, although his comments in the past have not always been spot ...
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Credit Cards: Weighing Bad Debt Against Any Debt At All

Posted: March 10, 2009 at 5:06 am

Bank uber-analyst Meredith Whitney wrote in The Wall Street Journal that the economy will have more problems as banks take credit cards away from people to prevent bad debt write-offs. ...
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“The Great Recession”: The Art Of Naming Things Before They Happen

Posted: March 10, 2009 at 4:47 am

The head of the IMF is calling the period that the world is in now and is likely to stay in for some time "The Great Recession". According to Reuters, ...
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Another Look At The Fate Of The US Retail Industry

Posted: March 10, 2009 at 4:26 am

AlixPartners, a turnaround firm, said at the beginning of the year that 10% to 26% of retailers were in financial distress and were in danger of filing for Chapter 11. ...
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When China and Brazil Become A Better Investment Than The US

Posted: March 10, 2009 at 4:19 am

Now that most investors, both institutional and individual, have lost a large portion of their stock market holdings, all that most people want to know is how they can get ...
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New Moody’s Company “Dead Pool” May Wreck A Lot Of Companies

Posted: March 10, 2009 at 4:11 am

Moody's has come out with a list of 283 companies that are at great risk of defaulting on their debt. The Wall Street Journal got a copy of the list ...
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Media Digest 3/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 10, 2009 at 2:58 am

According to the head of the FDIC, a "bad bank" system could jumpstart the US economy. Reuters reports that some economists believe that the US economy will start to rebound ...
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Asia Markets 3/10/2009

Posted: March 10, 2009 at 2:21 am

Markets in Asia were mixed. The Nikkei fell .4% to 7,055. The Hang Seng rose to 11,711. The Shanghai Composite rose 1.9% to 2,195. Data  from Reuters. Douglas A. McIntyre ...
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