Special Report: Global Financial Crisis
BEIJING, Jan. 6 (Xinhua) — Amid waves of job cuts worldwide, China has embarked on active measures to minimize job cuts and has pledged to boost employment this year.
The financial crisis continues to hurt the fourth largest economy and pushed many enterprises to cut their headcounts.
The following provinces are among the [...]
“HAPPY NEW YEAR!”
Whatever this year brings, may God be with you all, your trading and endeavors be successful, and peace be with you. Good luck to you all.
New Year’s Countdown
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Pearl River Delta repositioned as China’s “reform test field”
The number that scares me the most is the number we can’t get.
“Lyin’ Bankers, Meet [...]
The Fed is trying to stimulate buying by the consumer by just increasing the money supply through the banking system. THAT WILL NOT WORK.
The problem here is credit worthiness of the consumer which is trickling up to businesses. Banks have restricted credit to only those with very high credit scores no matter how low interest [...]
Fannie Mae Redemption
WASHINGTON, Dec 16, 2008 /PRNewswire-FirstCall via COMTEX/ — Fannie Mae (FNM)
will redeem the principal amounts indicated for the following securities issues
on the redemption dates indicated below at a redemption price equal to 100
percent of the principal amount redeemed, plus accrued interest thereon to the
date of redemption:
Principal Security InterestMaturityCUSIPRedemption
AmountTypeRateDateDate
$25,000,000MTN4.500% December 26, 20123136F8ZK4December 26, 2008
$25,000,000MTN4.100% [...]
WASHINGTON (AP) — The White House weighed its options Saturday for preventing a collapse of the troubled auto industry, once the backbone of the U.S. economy. So far, the only thing certain is that the Bush administration wants to avoid the possibility of a disorderly bankruptcy of any of the Big Three.
General Motors Corp. and [...]
WASHINGTON — The Senate on Thursday night abandoned efforts to fashion a government rescue of the American automobile industry, as Senate Republicans refused to support a bill endorsed by the White House and Congressional Democrats.
The failure to reach agreement on Capitol Hill raised a specter of financial collapse for General Motors and Chrysler, which some [...]
It appears to me that the short covering rally in the Dollar has lost momentum, made a couple tries at breaking over the 89 level and has failed. This morning the Dollar has broken under the 85 level and now looks like the rollover is completed. I think the best description from here is “look [...]
* “World Stability Hangs By a Thread as Economies Continue to Unravel”
* “The Economy Just Collapsed”
* “U.S. Loses Reserve Currency Status”
* “Mayors Get in Line for U.S. Funds”
* “America Forced to Issue Bonds Denominated in Foreign Currency”
* “Job Market Is Awful, But May Get Worse”
* “50 Percent of U.S. Companies Could Be in Trouble”
Possibly Related [...]
The household survey showed that jobs lost totaled a whopping 673,000 while the civilian jobs number was -422,000. The unemployment rate is set to spike during the next year. It certainly won’t mean good news for retail sales. What’s been referred to as the jobless recovery after the last recession was the reason given why [...]
There are so many white-collar crooks out there to be prosecuted and executed. I think I am going to dump my Finance degree also. I might change to Law to prosecute who ever is responsible for this stock-market right now, (Wall St/Gov). Someone above talked about people going postal soon. If I were a trader [...]
The unemployment figures have always been a good example of how much of the most valuable data and “reality” is lost in the aggregation of reported figures and surveys.
For example, the government last month reported a drop in people on unemployment. Basically, the most probably reason was because unemployment compensation for those people had run [...]
NEW YORK (CNNMoney.com) — Money flowed out of mutual funds last week, erasing a spike in deposits from the week before, as market volatility continued to undermine investors’ confidence.
TrimTabs Investment Research said Thursday that about $12.1 billion was withdrawn from stock-based mutual funds in the week ended Dec. 3. The week before, investors had put [...]
The name bonus has been rescinded. It will not be used by any Major Corporation again. In it’s place they have instituted something called “Retention” and “Retention compensation”. Here are two articles on it: Read and learn.
Citigroup Chairman Says New Bonus Systems Aren’t ‘Magic Bullet’
By Elena Logutenkova Nov. 28 (Bloomberg) –
Citigroup Inc. Chairman Win Bischoff [...]
By Craig Stephen
“If you want to invest in China, do not try to pick winners among businesses. Instead, follow government policy.
That was the advice given by one seasoned China private equity investor speaking last week at Hong Kong’s annual Venture Capital Forum held at Cyberport. To be honest, I had expected some secret investment recipe [...]
Deflation is beneficial to a creditor, not a debtor. What everyone needs to realize is that unlike the great depression, the US government cannot afford to get into a deflationary spiral with the massive amounts of debt they’ve accumulated. They don’t care about the saver, just the solvency of the state.
Therefore, they will do everything [...]
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