#230 bites on global financial crisis

I found this website ‘The Baseline Scenario’ useful in understanding the global financial crisis we are experiencing.
The site provides and offers some easy to read articles, interesting videos and radio and relevant websites offering insights and education:
http://baselinescenario.com/financial-crisis-for-beginners/#video.

#221 spend, spend, spend

Is spending the only way out of recession? What kind of spending are we referring?
Spending using real money, not credit or borrowed money? How does this work when people have no job translating no income, fraught with problems?
I’m still trying to make sense that’s happening in this financial crisis.
Has man been so dishonest that greed had overtaken turning [...]

#215 yo-yo stock market

I cannot believe that I read: yesterday the US stock market soared 900 points or 11% (!) while for the past few days, in spite of monies injected, yet…there was a spiral downwards! Why no stability? Who are the suckers? Who are the winners?
Who has been deciding or manipulating the rise and fall of the stock market?!
Who is [...]

#212 simple understanding

CNN’s senior business correspondent Ali Velshi gave this layman’s understanding on Oprah Winfrey show:
The first step toward grasping the bailout plan is to understand how we got in this mess in the first place. Ali says it started with three basic assumptions about the American economy: homes will increase in value over time, wages will go up over [...]

#198 bail-out plan?

What if there were no bail-out for those scoundrel and irresponsible investment banks? How will this financial quake affect the US and the world economy?
Why such jittery around the world?
According to some pundits, if there were no bail-out, this will filter every aspect of life and economy in the US! 
Was there no regulatory controls for these financial institutions?
It appears those investment [...]

#196 a new financial world emerging?

It seems the global financial crisis we’re experiencing at the moment is deeper and more serious than anticipated.
The collapse of Lehman Brothers has caused domino effect on many financial institutions creating turmoil, tsunami, hurricane… Is this the true face of credit crunch?
Below a video clip of NY trader Arthur D Cashin Jr with almost 50 years of [...]