Meltdown impact: It was over in 5 minutes Sandeep Jadhav, a 27-year-old professional in India’s outsourcing industry, had only seen the good times. He worked ...
From Stratfor’s Geopolitical Diary (Subscribe only) The world, at least by our reckoning, is now officially in recession. The downturn has three strands. ...
Says Daniel Gross, in Slate: …I propose the Starbucks theory of international economics. The higher the concentration of expensive, nautically themed, ...
According to CNBC: Citigroup plans to announce a writedown of as much as $24 billion and layoffs that could total as much as 24,000 due to subprime and ...
As I’d mentioned in a post one week ago, the ABX indices were hitting lows. Today I checked again, and every single price is at all time lows. The ABX ...
A gripping story about Dick Fuld and Lehman Brothers (Bloomberg): The end came after months of frantic activity to find a solution — reaching out to, ...
Bloomberg: General Motors Says It May Run Out of Operating Cash This Year General Motors Corp., seeking U.S. aid to avoid collapse, said it may not have enough ...
Increasing liquidity (TED spread at 2!) hasn’t helped subprime prices it seems. The Markit ABX prices, for 07-2 AAA (The AAA tranche of home equity ABS ...
