“Could we be on the verge of a turnaround? The weekend press was full of the news that some mortgage lenders are actually starting to trim rates. A few commentators even suggested that it was nearly time to go bargain hunting.” — John Stepek
Blogger’s note: The real estate [...]
“He’s back and guess what he’s betting against once again? The British pound.” — Sean Hyman
by Sean Hyman
Baltimore – (TFN): Remember George Soros, you know… the billionaire who got his “celebrity status” by betting against the British pound?
Well he’s back and guess what he’s betting against once again? The British [...]
“There has not been a chairman of the Federal Reserve Board with sound monetary instincts since Paul Volcker resigned in 1987.” — Lord William Rees-Mogg
by Lord William Rees-Mogg
Baltimore — (TFN): The American electoral system has never been designed to protect sound finance, and it has become more dangerous as the federal government and the Federal [...]
Baltimore — (TFN): The podcast for our latest TFN 60-Second Buzz video, featuring guest expert Ian Cooper, can now be downloaded to your iTunes or PodcastAlley.com accounts.
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UK Credit Crunch: Play Now | Play in Popup | Download
UK Credit Crunch: [...]
by Ian Cooper
Baltimore — (TFN): We’ve all heard about the severity of the UK economic situation. But that’s what you get when you’re dealt a severe credit crunch, a crippled housing market, and a cutback in consumer spending.
It was November 2007 when the Bank of England’s chief economist warned that the effect of the credit [...]
Tags: 60-second buzz, Bank of england, british pound, credit crunch, CurrencyShares British Pound Sterling, FXB, housing, Ian cooper, sc trading pit, Today’s Financial News, UK economy
“That’s a huge amount of money. It’s so large that it’s tough to get a handle on just how much money it is. Let’s just say that if a company with a market capitalization of £12bn was added to the FTSE 100 this morning, it’d slot in somewhere around [...]
“Mr. King has attached enough conditions to these loans to make the risk to the taxpayer much smaller than it might have been. He’s also helped to make life easier for banks with genuine liquidity problems. Problems with actual solvency are quite another matter however.” — John [...]
Tags: bailout, Bank of england, banking crisis, debt, foreign investment, governor, john Stepek, liquidity, mervyn king, morgage rates, solvency, uk
"The pound also plunged against the dollar, despite clear implications that UK interest rates will remain well above those in the US for a long time to come. So what’s going on?" — John Stepek
by John Stepek, MoneyWeek
Baltimore and London (TFN) —It seems the Bank of England just can’t please anyone.
It cut interest rates [...]
"The feds try to artificially increase the supply of cash and credit… so as to avoid correcting mistakes." — Bill Bonner.
Blogger's Note: Our friend Bill Bonner of The Daily Reckoning published a good article on the current credit crisis. Bill has some interesting things to say about the U.S. market situation and the [...]
Tags: Bank of england, Bill Bonner, central bank, credit crunch, credit meltdown, daily reckoning, dow, federal reserve, interest rates, market downturn, pumping money, subprime default, subprime meltdown, the fed
“An interesting way to play lighter, maintain something called currency shares. This is an ETF where they did you the favor of going and buying up British pounds. They’re storing them at JPMorgan in London, all right, and then they divvy it up and sell shares here in the U.S. market. You can hope to [...]
Tags: Addison Wiggin, Bank of england, bernanke, Bill Bonner, currencies, currency shares, decline of the dollar, dollar, empire of debt, ETFs, Fed, finance, Financial, pound, sterling, video
Today’sFinancialNews.com
Baltimore — (TFN): The Fed’s recent cut has increased the interest rate differential between the US dollar and other currencies. Smart Trading Action Alert’s host Laura Cadden has invited Wavestrength technical chartist Adam Lass too provide perspective just how low the dollar may fall… and how smart investors can leverage the differential between interest rates [...]
Tags: Addison Wiggin, Bank of england, bernanke, Bill Bonner, currencies, decline of the dollar, dollar, empire of debt, Fed, finance, Financial, pound, sterling, video
“According to Bank of England governor King, inflation isn’t such a big threat after all. In fact, he seems to think that interest rates could be cut comfortably from 5.75% to 5% without letting inflation get out of control. Based on those comments, most experts think cuts will come in the New Year.” — Jody [...]
Tags: Adam Lass, Bank of england, bernanke, BoE, Fed, finance, Financial, Jody Clarke, moneyweek.com, news, rate cuts