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FelixSalmon.com (Free subscription) | 2 hours ago
It's over a year old now, but this paper , by Norm Cimon, is still very interesting for where it places the blame for a large part of the financial meltdown: the rise of computing power generally, and the relational database in particular. All securitizations, after all, are based on computer analysis of a database of underlying assets. And Cimon explains: The development of a good relational database...
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SeekingAlpha.com (Free subscription) | 2 hours ago
Felix Salmon submits: It’s over a year old now, but this paper , by Norm Cimon, is still very interesting for where it places the blame for a large part of the financial meltdown: the rise of computing power generally, and the relational database in particular. All securitizations, after all, are based on computer analysis of a database of underlying assets. And Cimon explains: Complete Story...
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Market Watch (Free subscription) | 2 hours ago
LOS ANGELES (MarketWatch) -- Fitch Ratings on Monday cut Mexico's foreign-currency rating to BBB from BBB+, moving the rating lower within the investment-grade class. The downgrade had been widely anticipated by analysts. Fitch said the global economic and financial crisis and falling oil production have accentuated weaknesses in the country's fiscal profile, including the high dependence on oil revenues,...
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Market Watch (Free subscription) | 9 hours ago
LONDON (MarketWatch) -- The global economy has stabilized but remains highly vulnerable, making it too early for a "general exit" from massive stimulus measures put in place by governments and central banks in response to the financial crisis and economic downturn, International Monetary Fund Managing Director Dominique Strauss-Kahn said Monday in a speech in London. "Exit should instead...
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SeekingAlpha.com (Free subscription) | yesterday
Michael Fitzsimmons submits: As a follow-up to my last article , here are some interesting facts about Brazil gleaned from this week's The Economist magazine's special report on the country : Brazil is the world's fourth largest democracy. Brazil has the world's largest freshwater supplies, the largest tropical forests, and land so fertile that some farmers can harvest three crops a year. Brazil is...
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Market Watch (Free subscription) | 11/20/2009
FRANKFURT (MarketWatch) -- Axel Weber, president of the Deutsche Bundesbank, defended the role of regulators and monetary policy on Friday, saying they were not to blame for the global financial crisis. "Monetary policy was not part of the culprit. Banks have to adjust down their profit aspirations in a low-interest-rate environment," Weber said at the Frankfurt European Banking Congress....
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Market Watch (Free subscription) | 11/20/2009
LONDON (MarketWatch) -- European Central Bank President Jean-Claude Trichet on Friday warned that it was premature to conclude that the financial crisis has fully run its course. Analysts said the remarks contributed to risk aversion in financial markets, helping to lift the dollar. "I understand that the mood in the financial system is one of relief. But as of today, it is too early to declare...
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iStockAnalyst.com (Free subscription) | 11/20/2009
FX Highlights The USD is trading higher supported by deleveraging, investors are reducing risk exposure as equity and commodity markets trade lower, a statement from ECB President Trichet that it is too early to declare the financial crisis over, concern about rising debt levels in the UK and weaker than expected earnings at Dell appear to have sparked the latest wave of selling in global equity markets,...
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Market Watch (Free subscription) | 11/19/2009
WASHINGTON (MarketWatch) - The nation's biggest banks would be hit with a raft of new fees and restrictions under far-reaching 'too-big-to-fail' bank legislation approved by a key congressional committee responding to the financial crisis on Thursday. After approving dozens of amendments, the final wording is set and only awaits a final vote on Dec. 1. Market Pulse Stories are Rapid-fire, short news...
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SeekingAlpha.com (Free subscription) | 11/19/2009
Silver may yet outshine gold in 2010 as spot prices for the white metal respond to the prospect of a surge in industrial demand. With a little additional help from investment demand, silver may even rally into the $25 an ounce range. So says Chintan Parikh, a commodity analyst at the CPM Group – a leading New York-based commodities research, consulting, asset management and investment banking...
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Market Watch (Free subscription) | 11/19/2009
WASHINGTON (MarketWatch) -- Treasury Secretary Timothy Geithner said Thursday he was "confident" China will allow greater flexibility for its currency. "China...has committed to move. They understand they need to do it. I think they want to do it. And I am actually quite confident that they will do it," Geithner said in testimony to the Joint Economic Committee. After a period...
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CNNMoney.com (Free subscription) | 11/19/2009
One day after Goldman Sachs' CEO apologized for his bank's role in the financial meltdown, Treasury Secretary Tim Geithner called on the nation's financiers to step up and do more to fix the damage they helped cause.
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PR News Wire (Free subscription) | 11/18/2009
MIAMI, Nov. 18 /PRNewswire/ -- Latin America's rapid recovery from the global financial crisis, its abundance of raw materials and the burgeoning purchasing power of its people are driving China's confidence in that region, said representatives of several Chinese banks during the 43rd Annual Assembly of the Latin American Federation of Banks (FELABAN).
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Market Watch (Free subscription) | 11/18/2009
Goldman Sachs said late Tuesday that it would provide $500 million to support small businesses, hours after its CEO Lloyd Blankfein apologized for the group’s role in the global financial crisis.
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BloggingStocks (Free subscription) | 11/17/2009
Filed under: International markets , Politics , Financial Crisis As America's debt continues to grow , is it causing foreigners to think twice about investing in America? The U.S. has been one of the most stable countries over the past century. It has remained stable through two world wars, numerous administration changes and economic and political crisis around the world. But America has been borrowing...
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trymi | 03/11/2009
It looks like that no car company or customer demographic is immune from the continuing economic downturn. For instance, Lamborghini has been receiving numerous order cancellations lately. Luxury markets have been down 40 percent the first two months of this year. On the other hand, for customers with impending orders, wait time has been significantly shortened (due to the cancelations).
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trymi | 03/07/2009
Due to the recession being experienced by the auto industry, an amazing buyer’s market was consequently created especially for those who want to purchase performance cars at a bargain. Some amazing deals have been observed such as a brand new Mustang GT with a sticker price of only $18,995.
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trymi | 02/25/2009
Toyota Supra remains at the top of high-performance sports cars with the Mark I inline 6-cylinder generating 110 hp (82kW) to the twin-turbocharged Mark IV that comes with 320 hp (239kW). However, beginning 2002, Toyota moved away from the Supra image to the green vision of the Prius.
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