Article of the week (25/2009): Have stock markets run away from reality?

Posted on Jun 19, 2009 in Finance This week’s article is Have stock markets run away from reality? by Prieur du Plessis. Following is a small excerpt: The predictions of the members of the Barron’s mid-year Roundtable discussion over the weekend were in agreement that the March lows of the stock markets would not be broken. This reminded me of one of the famous “Investment Rules” of Bob Farrell, legendary former chief...
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Article of the week (24/2009): Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS

Posted on Jun 13, 2009 in Finance This week’s article is Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS by David Voreacos for Bloomberg. Following is a small excerpt: California billionaire Igor Olenicoff had already invested $200 million with UBS AG in 2001 when his Swiss bankers ushered him to an underground vault in Geneva. Olenicoff, a real estate developer with a taste for yachts and Russian art, saw floor...
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Article of the week (23/2009): The Crisis and How to Deal with It

Posted on Jun 7, 2009 in Finance This week’s article is The Crisis and How to Deal with It with Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros and Robin Wells. Following are excerpts from a symposium on the economic crisis presented by The New York Review of Books and PEN World Voices at the Metropolitan Museum of Art on April 30. The participants were former senator Bill Bradley, Niall Ferguson,...
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Article of the week (21/2009): Joseph Cassano: the man with the trillion-dollar price on his head

Posted on May 31, 2009 in Finance Tad bit late on this one but still valid: This week’s article is Joseph Cassano: the man with the trillion-dollar price on his head by Tim Rayment in The Sunday Times. Following is a small excerpt and link to the print friendly version of the article. I recommend reading the print friendly version since it’s easier to read instead of having to continuously load a new page: They were...
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Financial Shock

Posted on May 19, 2009 in Books, Finance I just finished reading the last pages of Financial Shock by Mark Zandi. Zandi is the head of Moody’s Econony.com and a man well seasoned in all things finance. Financial Shock can be best described as the definite guide to why and how our financial system got to the point it collapsed into the current financial crisis. Zandi writes the book in a rather repetitive and at time discontinuous...
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Wall Street Meltdown

Posted on May 18, 2009 in Finance Saw this a while back but forgot to post it, so here are two videos that describe the “Wall Street Meltdown” as a catchy song: This video was inspired by the bizarre sequence of events on the Street in 2007. The use of Billy Joel’s “We Didn’t Start the Fire” came from a hilarious internet parody song “Here Comes Another Bubble” by the Richter Scales...
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