Merrill Lynch: Rich turning to Gold for Safety.
Merrill Lynch has revealed that some of its richest clients are so alarmed by the state of the financial system and signs of political instability ... . "They are so worried they want a portable asset in their house. I never thought I would [more...]
Date: 2009-01-14 21:24:14
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Life Insurers Facing Cuts in Ratings
Life insurance companies, hobbled by real estate investments and committed to paying some costly retirement contracts, ... the Troubled Asset Relief Program, or TARP, but only about half of the life insurance industry will even ... , like Hartford Financial Group, appear to be shut out. Two other companies, Lincoln Financial, based [more...]
Date: 2008-11-14 05:21:37
Reader Mail #68
I liked this article. The financial industry has lost nearly $1 trillion in market capitalization in the past year ... discount to its Net Asset Value. For a regular mutual fund, shareholders may redeem/purchase shares. The Net Asset Value must be fairly calculated, lest shareholders be cheated by people purchasing [more...]
Date: 2008-10-30 16:00:00
Fifteen Notes on the Current Market Stress
1) Going back to one of my themes, be wary of companies that sell their best assets to bail out their worst assets. Tonight’s poster child is GM ... a contract to borrow shares in order to short for a bunch of financial companies, then require ... to the new management of AIG: please do the following: a) locate lines of business with low ROAs [more...]
Date: 2008-07-16 05:51:08
Prediction For The Local Atlanta Real Estate Market For 2009
Likely To Be A Year Of Few Winners And Many Losers The housing slump - which led to the financial crisis - is likely to get worse across the ... purchased using ‘liar loans’ which required no income or asset verification… and often [more...]
Date: 2008-11-08 19:07:49
How To Make Money through Investment
Listen to this article As a result of the global financial crisis ravaging the world, it is pertinent to proffer solutions to this breakdown ... (stocks of companies) will outperform other asset classes. However, individual stocks can clobber [more...]
Date: 2009-01-11 16:22:00
Nice Work If You Can Get It: Estranged Wife Says She Needs $53,000 A Week To Survive
Let’s get this out of the way right off. Yeah, I’m jealous. I want $53,000 a week, too. There. Now, moving right along.... Holy matrimony, Batman! ... does Douglas-David, a former investment banker for Lazard Asset Management, manage to spend $53,000 ... and properties in Sweden account for $27,300 a week, according to a financial affidavit she filed [more...]
Date: 2008-12-19 21:25:18
Bankruptcy Rules Thwart the Recovery
As seen in the Wall Street Journal The epic financial crisis afflicting the banking industry over the past 18 months is largely the result of cratering loan and other asset values stuck on bank balance sheets. When the market for such loans ... mainly benefits equity holders and managements, not creditors. But why should the same management [more...]
Date: 2009-01-08 02:30:21
Why the US Bail-out Plan Will Hardly Solve the Financial Crisis
The Mark-to-market rule (Wikipedia): “Mark-to-market" ... Jane Caron, chief economic strategist at Dwight Asset Management. Wall Street Journal Oct. 1, 2008 ... decline in asset values. For example, the prices [more...]
Date: 2008-10-02 22:18:59
Treasury’s Paulson Rejected Proposal to Use Portion of Bailout Funds to Help Abate Foreclosures
In a testimony before the U.S. House Financial Services Committee, Henry Paulson, secretary of the Treasury Department, rejected Democrat lawmakers’ proposal to use a portion of the Troubled Asset Relief Program’ ... consumer credit. Tags: Foreclosure, home, foreclosures, for, sale, properties, foreclosed, homes [more...]
Date: 2009-01-13 03:25:11
Sustainability in Uncertain Times
Today we are posting our audited financial statements and tax form for 2007. We have also posted an FAQ ... , an annual increase of 34% to our asset base. Unrestricted [more...]
Date: 2008-11-19 17:50:12
PE Fund-Raising Declines for First Time Since 2003
Sabrina Willmer, of Private Equity Analyst, files this dispatch on one body blow private-equity firms have taken from the financial crisis ... their private-equity percentage allocation targets because of the marked decline in the stock markets. “ ... over-weighted in the asset class,” said Donn Cox, managing director at LP Capital Advisors. “ [more...]
Date: 2009-01-09 18:27:00
Gold: the glitter vs. the tarnish
I don’t know whether Wistar Holt and Larry Swedroe have ever met, but the two financial advisers are conducting a vigorous debate in my inbox ... gold prices. In the opposite corner is Swedroe, research director at Buckingham Asset Management ... . First comes a letter that Holt, a partner at Holt & Shapard Capital Management in St. Louis [more...]
Date: 2008-12-23 17:29:48
Wall Street, Circa 2010: Disaggregation and Specialization
The Wall Street of today is almost unrecognizable from that at which I worked for almost two decades ... word. Securitization? Don't want to hear about it. Asset-backed what? Sell - sell now! What started ... complexity and distance from its intended goal, risk management, was a key contributor to the financial [more...]
Date: 2009-01-08 16:07:45
“Swap” Inventor Blames Regulators for Financial Crisis
David Swensen, of Yale University Endowment investment management fame discusses the current state of the market and derivatives trading ... to the financial system should be regulated. “I don’t think it is the tool that is the problem,” he says ... value is derived from an underlying asset or income stream. As a part of this trend, musician David [more...]
Date: 2009-01-05 22:12:51
The golden mystery
These must be frustrating times for gold bugs. For years they’ve been waiting for financial armageddon and now that it appears finally to have ... strange is happening. All of which doesn’t stop John Embry, chief investment strategist at Sprott Asset Management from declaring in the Oct. 17th issue of Investors Digest that the U.S. government’s “ [more...]
Date: 2008-10-23 18:01:00
Should You Invest During a Financial Crisis?
Written on 10/13/2008 by Michael Miles. Michael writes about personal growth, communication, and increasing personal wealth at Effortless Abundance ... and outperform every other asset class over time. Despite enormous social, political and economic ... with excellent track records of profitability and growth, strong management teams, excellent product [more...]
Date: 2008-10-13 17:58:05
The Best Income Generating Assests
The key to financial independence (or “findependence” if you hate two-word phrases), is not a high-paying job or even a high net worth ... . Most people instinctively understand this concept: after all, in the end an asset is only worth ... spending them. Introducing The Inverted Income-Generating Asset Matrix As long as we’re inventing [more...]
Date: 2009-01-14 20:52:03
Will investors support Pandit's new plan for Citi?
Citigroup Inc.'s board is supposedly standing behind CEO Vikram Pandit as he pulls apart Sanford Weill's trumpeted financial ... that the banks reached a definitive agreement to combine Morgan Stanley's Global Wealth Management Group ... ? This restructuring is sounding similar to American International Group Inc.'s asset sell-off, and [more...]
Date: 2009-01-14 21:22:38
The mob is my broker: Cake launching crowdsourced stock fund
The stock tracking and community site Cake Financial is getting some interesting new features, including its first branded financial instrument, ... management services, "a lot is wasted." He's built a service that identifies the stock picks ... stocks that are performing better than yours, in users' accounts with similar asset allocation [more...]
Date: 2008-08-28 22:19:00
Financial Posts for Tuesday
Tuesday Toot: Bought Some DVDs for Fun! Photo of the Week: 22-Week Ultrasound Free Fully-Licensed Software: GiveawayOfTheDay ... A Look At The Recent Strength In The Japanese Yen What Commodity ETF Asset Gains Mean Treasury TIPS ... - Phoenix Real Estate Guy in New York City Personal Budget Software, You Need A Budget (YNAB) Is 10 [more...]
Date: 2009-01-14 02:09:47
links for 2008-09-20
Robert Kuttner: Seven Deadly Sins of Deregulation -- and Three Necessary Reforms Diamond and Kashyap on the Recent Financial Upheavals Paul G ... - Wikipedia, the free encyclopedia DobermanTracker: In 'Troopergate', Monegan accused of insubordination ... taxpayer cost: possibly $1 trillion Angry Bear: What is an Asset? The mother of all bailouts [more...]
Date: 2008-09-21 04:06:52
Financial Goals for 2008: Reviewing Our Progress
A year ago I wrote up a list of financial goals for 2008. Today, I thought I’d take a look back at them and see how we did ... describing the changes that we made: Reconsidering Our Asset Allocation How to Manage Your Asset Allocation With Multiple Accounts Our Investment Portfolio: Asset Allocation and Location Market Turmoil [more...]
Date: 2009-01-02 22:28:10
Does Bank of America have enough capital?
Filed under: Bank of America (BAC), Financial CrisisBank Of America (NYSE: BAC) now stands as a symbol of the U.S. banking system, so it better not fail. Its CEO Ken Lewis decided not to take a bonus after taking ... and the potential for big asset write-downs. I'd guess that Bank of America could use much more capital [more...]
Date: 2009-01-07 16:41:00
Financial Freedom Loans
Financial Freedom Loans By Stephen Chua • January 13, 2009 • No Comments This is a two edged sword ... to your lifestyle is that a loan against an equity rich asset such as an investment property can let you yield ... only when cash is short and you are sufficiently asset rich, but study it well as your lifestyle [more...]
Date: 2009-01-14 04:36:29
Looking for a Run on the Bank
Sovereign The 2007-2008 credit crisis has reintroduced financial markets to the time-honored reaction to money worries: the run on the bank ... management has de-levered the balance sheet further and improved asset quality. ... failure. Among one of the more aggressively targeted is Sovereign Bancorp, which is down 58 [more...]
Date: 2008-10-02 16:47:58
Citi breakup in sight after Morgan Stanley deal
Citi breakup in sight after Morgan Stanley deal Posted by UK Economy News In UK financial news 14Jan 09 Citigroup Inc agreed to merge its Smith Barney brokerage with Morgan Stanley's wealth management unit on Tuesday, and is expected to make further asset sales to raise capital and to isolate toxic assets from the rest of the bank [more...]
Date: 2009-01-14 06:29:00
MUFG first half profts fall 64%
Mitsubishi UFJ Financial Group (MUFG) on Tuesday reported a 64% drop in first half net profits to Y92bn ($953m) from Y256 ... of shares. Nobuo Kuroyanagi, chief executive, also said the bank had started talks with Morgan Stanley on co-operating in areas including asset management and overseas M&A.... [more...]
Date: 2008-11-19 05:47:18
SEC's Report On Mark-To-Market Under EESA Says FAS 157 Not A Major Factor In Financial Crisis Or Bank Failures
Section 133 of the EESA required the SEC to study mark-to-market accounting under FAS 157, and, in particular, ... financial institutions, including specifically Bear Stearns, Lehman and AIG. The Staff concluded that liquidity pressures brought on by poor risk management and "concerns about asset quality" were [more...]
Date: 2009-01-13 05:54:01
Innovation or Extinction: The New Economic Reality
As the financial crisis rips across the economy, it’s forcing innovation and adaptation on a scale that should make Darwin proud. [ ... (leveraging that debt and inflating asset prices). With little warning, the anesthesia wore off. Now we’re [more...]
Date: 2008-11-21 17:32:25
The Troubled Asset Pension Fund
by The Mogambo Guru Junior Mogambo Ranger (JMR) Phil S. was apparently as aghast as I was, so he sent the AP news item that "The Treasury Department opened the door…to using a Citigroup-style rescue package to help other troubled financial institutions", which referred to the scam of the government " [more...]
Date: 2009-01-08 01:41:18
More from the Front Lines of the Financial Crisis
In its latest economic outlook, Merrill Lynch economists "worry about inflation, or more precisely," a lack of it ... . "This is a balance sheet recession deeply rooted in asset liquidation and debt repayment, and would seem [more...]
Date: 2008-11-10 15:11:27
More from the Front Lines of the Financial Crisis by Stephen Lendman
Posted by dandelionsalad on November 3, 2008 Dandelion Salad by Stephen Lendman Global Research, November 3, 2008 In its latest economic outlook, ... deeply rooted in asset liquidation and debt repayment, and would seem to have more in common with pre [more...]
Date: 2008-11-03 18:11:43
Financial Summit tomorrow! Now is the time for the world to unite, right?
Photo creditVery little stands between the Communitarians and their plans for a more moral one world government ... $= grants in public-private partnerships called faith-based and asset based community development. Programs include: Asset Based Community Development [more...]
Date: 2008-11-14 21:05:00
'I have a scam': the Real Cause of Impending, Utter Financial Collapse
That there is gold in Ft. Knox may be a popular myth ... ! What we need is a bailout for the people!Gold was said to be moved --literally --from an 'asset [more...]
Date: 2008-12-06 11:24:00
Financial institutions collaborate in documenting requirements for RFID Data Center Asset Tracking Standard
Date: 2008-12-24 16:27:35
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