"No man can become rich without himself enriching others"
Andrew Carnegie



Tuesday, August 9, 2011

Tips & News: Why This Crisis Differs From the 2008 Version


Why This Crisis Differs From the 2008 Version- WSJ
It is a parallel that is seducing Wall Street bankers and investors: 2011 as a repeat of 2008, the history of financial turmoil playing in one endless loop

We need policy, not more posturing — and now- Daniel Gross
China inflation rises to 37-month high in July- AP
Plunge on Wall Street threatens to spook consumers- AP
Markets and the economy: Riding crests and troughs- AP
UK PM recalls Parliament for rioting crisis- AP
Home price recovery slips out of sight- CNNMoney
Fed may strengthen stimulus pledge on recession concern- Bloomberg
Global Stocks Tank, Enter Bear Market Territory- AP
Stocks tanked again Tuesday as many global markets entered official bear market territory after one of the worst days on Wall Street since the collapse of Lehman Brothers in 2008.

Aug. 9 (Bloomberg) -- Hayden Atkins, an analyst at Macquarie Group Ltd., talks about the outlook for gold and silver prices. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse.

Crisis of confidence leads to fears of bear market  
Stock Market Tumble: What You Should Do With Your Money 
A television monitor displays the Dow Jones Industrial Average on the floor of the New York Stock Exchange near the close on Monday, Aug. 8, 2011 in New York.
Cramer's 'Buy' List to Ride Out the Storm at Seeking Alpha
Who Will Be The Next Warren Buffett? Investopedia
Is the Worst Over or Just Beginning? ETFguide
Questions and answers about the market's turmoil- AP
Macke: Searching for the end of the sell-off- Breakout
Investors resigned to more portfolio pain- AP
Treasuries surge after downgrade fuels safety bid- Bloomberg
Oil down more than 6 pct after US credit downgrade- AP
By DANIEL WAGNER and DEREK KRAVITZ , 08.08.11, 05:10 PM EDT Standard & Poor's Ratings Services on Monday downgraded the credit ratings of Fannie Mae and Freddie Mac and other entities linked to long-term US debt.

By Hugh Son - Mon Aug 08 19:35:02 GMT 2011 Bank of America Corp. (BAC) and Citigroup Inc. led US lenders to their steepest drop in more than two years as the government's loss of its AAA credit rating rippled through financial markets.

By Lauren Young It soared to a record $1700 an ounce Monday after the United States suffered its first-ever debt downgrade at the hands of Standard & Poor's.

(Google Finance/Yahoo Finance)

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