ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
President Obama: "Never Again Will the American Taxpayer be Held Hostage by a Bank that is 'Too Big to Fail'" | The White House This morning the President proposed what he called "the Volcker Rule," named after one of the fiercest advocates for financial reform over the past year, and who has been particularly focused … Read more
Kass: Sell the News | Market Features | Financial Articles & Investing News | TheStreet.com The conventional view is that the Massachusetts election result will kill health reform and, thus, is bullish for health care stocks and for the market as a whole, but, for several reasons, I think that the crowd could prove mistaken … Read more
F.H.A. to Raise Standards for Mortgage Insurance – NYTimes.com The Federal Housing Administration, which is supporting the housing market by insuring thousands of new mortgages every day, is expected to announce on Wednesday that it is tightening standards. (tags: housing FHA mortgage) King Says ‘Low’ U.K. Money Supply to Curb Inflation (Update1) – BusinessWeek Bank … Read more
Why America and China will clash – FT.com / Columnists / Gideon Rachman The reason that the Google case is so significant is because it suggests that the assumptions on which US policy to China have been based since the Tiananmen massacre of 1989 could be plain wrong. The US has accepted – even welcomed … Read more
Stimulus program to weatherize homes has a cold start | ajc.com Months after millions of federal stimulus dollars started pouring in to Georgia to weatherize the homes of low-income people, state contractors have done little of the work. (tags: Georgia govt_stimulus weatherization)
Stimulus program to weatherize homes has a cold start | ajc.com Months after millions of federal stimulus dollars started pouring in to Georgia to weatherize the homes of low-income people, state contractors have done little of the work. (tags: Georgia govt_stimulus weatherization)
Prominent properties get foreclosure notices, portend trend | ajc.com Notices of foreclosure have been placed on two more high-profile properties in Atlanta, a development observers said may be a harbinger for the industry in 2010. (tags: Atlanta Georgia foreclosure commercial_real_estate) Germany plans solar subsidy cuts from April-sources | Markets | Reuters The German government plans … Read more
The Other Plot to Wreck America – NYTimes.com Americans must be told the full story of how Wall Street gamed and inflated the housing bubble, made out like bandits, and then left millions of households in ruin. Without that reckoning, there will be no public clamor for serious reform of a financial system that was … Read more
Yen reclaiming carry trade as U.S. bond yields rise | Reuters The recent spike in U.S. bond yields, coinciding with a rally in the dollar against the yen, is flagging a return to the yen to fund carry trades (tags: Japan yen U.S._dollar carry_trade) Moody’s Warns on Japan’s Fiscal Discipline Under Kan The replacement of … Read more
Chinese Demand to Reshape Global Steel Market – WSJ.com China's surging demand for steel this year is expected to dominate the landscape of the steel industry as never before. Already the world's largest producer by far, the country is expected to rev up production by nearly 10%. But the higher output likely won't exceed demand, … Read more