Over the last few weeks more and more companies that have dealt with mortgages have been hammered hard. Even those with no direct exposure to the sub prime loan market have been hit as the global sentiment turns against lenders. Countrywide, the largest US lender could face bankruptcy if liquidity worsens. Northern Rock in the [...]
The disease that has struck the dollar over the last 12 months has shown signs of spreading further. The US economy was the first to show signs of cracking with slowing growth and recession warnings; but if the Dollar was patient zero, the contagion has now spread says Michael Wright of Betonmarkets.com.
Much was made of [...]
For once it wasn’t just the Dollar that took a beating last Friday as the British pound fell sharply against the Yen, Euro, Swiss Franc and even the Greenback itself. The fall was all the more telling given the general mauling the dollar took last week against a whole host of currencies. Before Friday’s pullback [...]
When one wants to make tons of money, he should be surrounded by thousands of fools, says an old adage on the stock market. It reiterated itself when Warren Buffet announced investment of $ 5 billions in Goldman Sachs (GS) and $ 3 billions in General Electric (GE) fetching him 10% interest per annum [...]