Asia: No Protection From US Financial Problems
Some bright person came up with the term "decoupling". It is meant to say that trouble in the US economy will not spread to the hot economies is Asia. Perhaps it gives them some…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 331Google (GOOG) Disrespects Microsoft (MSFT) Buy-Out Offer For Yahoo! (YHOO)
Google (NASDAQ: GOOG) certainly does not want to see Microsoft (NASDAQ: MSFT) buy Yahoo! (NASDAQ: MSFT). It would allow Microsoft to spread its search features across a much larger audience. It would also create…
Will The Fed Put Up $500 Billion?
The Fed has already provided a facility of $200 billion to banks to help them improve balance sheets by exchange some of their less-than-liquid and less-than-valuable paper for real honest-to-God money from the government.…
What The Tax-Payer Loves About The Financial Bail-Out
Much of the concern about the Fed lending out tens of billions of dollars to financial institutions is that tax-payers will eventually pay the bill. The Fed is taking in securities from banks and…
Media Digest 3/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the Fed is opening up its own balance sheet to poisonous securities it may get from banks in exchange for cash. Reuters writes that JP Morgan (JPM) bought Bear Stearns (BSC)…
Asia Markets 3/17/2008 Big Drop (SNE)(TM)(LFC)(SNP)
Markets in Asia fell sharply. The Nikkei was off 3.7% to 11.788. Sony (NYSE: SNE) was off 5.7% to 3960. Toyota (NYS: TM) was down 5.1% to 4830. The Hang Seng was down 4.2%…
Asia Opens To A Terrible Beating, Some Shares Off Over 4% Early
The news that Bear Stearns (NYSE: BSC) was sold to JP Morgan (NYSE: JPM) and that the Fed would increase liquidity for primary dealers was too much for the Japanese market to bear. It…
Federal Reserve Acts To Avert A Panic
The Federal Reserve Board unanimously approved a request by the Federal Reserve Bank of New York to decrease the primary credit rate from 3-1/2 percent to 3-1/4 percent. The Fed also authorized the Federal…
Bear Stearns (BSC) Wiped Out, JP Morgan (JPM) Takes Over
Most on Wall St. thought it would come to this, but few thought the price would be so low. JP Morgan (NYSE: JPM) will take over Bear Stearns (NYSE: BSC) for $2 a share.…
Bear Stearns (BSC) Will Probably Disappear Into JP Morgan (JPM)
According to The Wall Street Journal, JP Morgan (NYSE: JPM) is close to buying Bear Stearns (NYSE: BSC), just days after providing financial aid, which was backed by the Fed, to the brokerage. The…
Financial News From Around The World 3/16/2008
According to Reuters, the head of the World Bank sees the US moving into recession and a slowdown in Europe but believes that developing countries are not being hurt by the current economic situation.…
Bleak House: Despair On The 52-Week Low List (GE)(VZ)(GOOG)(C)
Those rummaging through the garbage of 52-week low lists are usually bottom-fishing investors or desperate CEOs. But, the list is so broad that it has become a tableau of the market as a whole,…
E*Trade’s (ETFC) Hidden Value
Because of its exposure to mortgage-related securities, shares in E*Trade (NASDAQ: ETFC) have fallen from a 52-week high of $25.79 to $3.63. Over the last six months, shares of rivals Schwab (NASDAQ: SCHW) and…
What If The Fed Only Cuts Half A Point?
"If wishes were horses, all the beggars would ride." The market expects the Fed to take rates down .75% this week. According to MarketWatch "After the Bear Stearns news, market bets that the central…
Goldman Sachs (GS) Earnings May Crush Wall St. Further
Shares in Goldman Sachs (NYSE GS): are only down about 12% over the last six months. That is about the same as the S&P. But, shares in peers Morgan Stanley (NYSE: MS) and Merrill…