September 2008

The U.S. Dollar is rising like I haven't seen for quite some time. Sterling, the Euro, the Australian Dollar and the Swiss Franc have all been plummeting against the dollar for the past two months, hitting multi-year lows.Below is a chart…

George Soros recently released an interesting book called "The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means." The book critiques the new 'efficient markets' paradigm that has come to both control the…

Today is September 11th. This date should always be remembered as many lives were lost in senseless and malicious acts of violence against innocent civilians. My personal life was shattered by the events of 9/11 so this date will always…

Articles below in the news include talk about Lehman, WaMu, and Deutsche Bank. The stock plummeted in the pre-market as it is downgraded by banking analysts who were not impressed by yesterday's conference call. Hurricane Ike forces an…

The Department of Labor released jobless claims numbers today at 8:30 AM. Jobless claims came in at 445,000, down from an upwardly revised 451,000 the week before. Claims are averaging now 440,000 for the past 4 weeks, 115000 higher than…

This is a topic I first broached in May. The United States has a mortgage problem in that house prices have fallen so much and the financial sector is so leveraged that the U.S. faces systemic banking risk from a vicious circle in the…

At the end of July, I wrote a post of my top ten predictions for the remainder of the year. A third of the way into things, my predictions are looking pretty good...so far. I said:Oil prices will dip below $100 before year-end.Inflation…

Seven years ago, I was involved in a merger that was the last proposed under the old pooling of interests accounting rule that was phased out after June 30, 2001. This methodology was great because it didn't necessitate acquiring companies…

Below are the latest writedown stories from the web that I have seen. Quite honestly, I have been a little behind in updating all of the stories on the timeline, so please call me out on anything important I failed to add.For the full…

RAB Capital, the hedge fund that lost a good deal of capital in its quest to capitalize on the Northern Rock situation now finds itself losing investor money. In fact, it is looking to halt redemptions from its funds for three years. This…