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Smc2911's Clips
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Submitted by Smc2911:
Over the last few months I have written a lot about the global financial crisis. My posts have focused on specific events as news has broken, ranging from a programming bug by Moody’s to the enormous US bailout plan and Government guarantees from Ireland to Australia. Here I will instead take a broader perspective and provi (Read More)
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Submitted by Smc2911:
Asian markets were smashed today and Europe is following suit: everyone seems to have decided that the dream is over!. (Read More)
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Submitted by Smc2911:
Uncertainty remains about the details of the Government guarantee for Australian banks. (Read More)
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Submitted by Smc2911:
Andrew Lahde, the hedge-fund manager who quit after posting an 870% gain last year, said farewell to clients in a letter that thanks stupid traders for making him rich and ends with a plea to legalize marijuana. (Read More)
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Submitted by Smc2911:
Since the damage wrought by the global financial crisis appears to have led to a revival of the ideas of Keynes, here are a few of his pearls of wisdom. (Read More)
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Submitted by Smc2911:
A look at the views of some of the senators who opposed the bailout. "Their concerns spanned a panorama of issues: frustration over the lack of long-term regulatory changes in the legislation; alarm that $700 billion in taxpayer money would be at risk; anger that the Treasury secretary would not be subject to more stringent (Read More)
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Submitted by Smc2911:
In the latest development in the ongoing train-wreck that is global financial markets, the Irish Government has stepped in to guarantee deposits and debt of all Irish Banks. This is an extraordinary step to take and reflects a banking system that is truly broken. Finance, particularly banking, is built on trust more than la (Read More)
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Submitted by Smc2911:
A walk down King St, Newtown to take in the art on the street exhibition. (Read More)
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