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- Wall Street Breakfast -Sample
Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
- Oil demand withers. The International Energy Agency warned Friday worldwide oil demand...
- The Macro View -Sample
Latest Comments293 Comments
The Perfect Storm: Even with Bailout, Economy Is Hurting
Meet Chrome - Google's Windows Killer
Meet Chrome - Google's Windows Killer
'Nuff said. :-)
Will Google Be Forced to Re-Ignite the Browser Wars?
Google's Browser
:-)
Top Nine Stocks Going Ex-Dividend Mid-September
Steve Jobs: Not Dead Yet
Steve Jobs: Not Dead Yet
Rumors about banks going under are crying "fire" in a crowded theater, because they cause a run on the bank which puts the bank out of business. Rumors (which this article wasn't in any case) about a company like Apple aren't, because the rumor doesn't damage its business.
If all the AAPL cheerleaders love the company and the stock (they often can't distinguish the two) as a long term investment, what do they care if it falls due to a false rumor? Surely it's a buying opportunity?
There seem to be a lot of nerves from these bulls...
Investing and Demographics
Marketers Reducing Ad Budgets in Difficult Economic Times
Hedge Fund Manager's Notebook: Time to Buy Chinese Stocks, & Lehman's True Value
www.vanityfair.com/pol...
Hedge Fund Manager's Notebook: Time to Buy Chinese Stocks, & Lehman's True Value
Obama Is Bad for the Economy - Barron's
The Bush administration recognized this: the most economically stimulative measure it could think of was a flat-rate tax rebate to everyone.
Hedge Fund Manager's Notebook: Lehman, Korea, and 3 Uranium Plays
Not sure about VICEX. Didn't everyone expect the casino stocks to be recession-proof? And there's no way that BA is in there as a travel stock, as that's just too farfetched. Perhaps it's there because of its defence business.
Hedge Fund Manager's Notebook: Pawn Shops and Railroads In, Oil and Commodities Out