Financial Markets

Courtesy of calculatedrisk : 

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THE MEDIA
Bloomberg Without Bloomberg
The industry may be retrenching, but Bloomberg News is expanding, bringing in big shots such as former Time Inc. chief Norman Pearlstine. As it looks to become the 21st century’s top news provider, its bizarrely scrappy culture-instilled by Michael Bloomberg and editor Matthew Winkler-may be written out of the story.
by SETH MNOOKINDecember 2008
 
The [...]

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Read the written testimony of Houman B. Shadab, George Mason University, before the House Committee on Oversight and Government Reform here.

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The BM&F Bovespa (IPA: [bo.'ves.pa]; Portuguese: Bolsa de Valores de São Paulo) is a São Paulo-based stock exchange. It is the second largest stock exchange inThe Americas and the third largest in the world..The BM&F Bovespa is linked to all Brazilian stock exchanges, including Rio de Janeiro’s Boverj (BVRJ), where only government bonds are traded. The benchmark indicator of Bovespa is the 50-stock Índice Bovespa. There were [...]

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For the last 3 months the US markets have been trading in a range - S&P500 futures between apporximately 1060 and 820. Absent any good news, there is a better than even probability that we may visit new lows in the next 6 months.

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 Sec Paulson and Chairman Bernanke need to put in checks/balances  else . . . .   :
Inside Europe’s corruption capital: How Bulgaria’s crime mafia plunders EU grant money
Tilled to this day by horse-drawn ploughs, the rolling pastures of rural Bulgaria have long been known for their cheap wines, strong tobaccos, sweet honey and juicy apricots.
By Colin [...]

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NYSE Euronext Expands Real-Time Quotes to Include NYSE Arca Real-Time Last Trade Data
-CNBC and Google the first to offer immediate access to pre- and post-market stock prices-
-Most comprehensive package of online stock market data-
NEW YORK , Nov. 14, 2008 – NYSE Arca last-trade data is now available online from CNBC , First in Business Worldwide, and Google Finance, thereby [...]

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The End
by Michael Lewis   Nov 11 2008
The era that defined Wall Street is finally, officially over. Michael Lewis, who chronicled its excess in Liar’s Poker, returns to his old haunt to figure out what went wrong.
 
 Photoillustration by: Ji Lee
To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars [...]

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Iceland has learnt the hard way to play in its league or have a “big daddy”  . . . for details, see the recently released CEPR paper :

The Icelandic banking crisis and what to do about it:
The lender of last resort theory of optimal currency areas
 Willem H. Buiter and Anne SIbert 
LSE, NBER and CEPR; Birkbeck, University [...]

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Niels Jensen, Managing Partner of Absolute Return Partners based in London, writes a letter worth reading.
See The Absolute Return Letter.

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