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Baltimore, MarylandTrichet to Greece: Drop dead!Obama to California: Uh...Yesterday, stocks lost 103 points on the Dow. This looked like a confirmation to us. The stock market appears to have begun its final phase...
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This month’s prize for foolishness, for inadvertently trashing his own shares, goes to Mike Farley, chief executive of housebuilder Persimmon (ticker: PSN). “The key constraint to volumes” he explained, “is only being able to sell to credit-worthy customers with ...
Baltimore, MarylandIt was ‘snowmaggedon’ here this weekend. On Friday the city was on the verge of panic. Governor O’Malley announced that snowfall might reach 30”… salt trucks were everywhere… They were lined up around the beltway like the National Guard waiting ...
7 July 2004. That was the day the eurozone started to fall apart. Most people didn’t see it – they were too busy looking the other way. They were more concerned about the death of the US dollar. But back on that day in July 2004, Italy’s sovereign debt was ...
Baltimore, MarylandHere’s a cartoon sent by one of our dear readers. We have readers all over the world. But Pamela must be one of the most remote. She lives on a tiny island in the middle of the Pacific. We’ve seen the photos. It looks stunningly beautiful. A ...
Gulf Keystone’s potentially company-making find in Iraqi Kurdistan is getting to be one of the most analysed wells around even though it is still some way from full appraisal.
Dynamic Global Advisers (DGA), independent reservoir consultants, has ...
The other day I met a doctor, a heart specialist from the John Radcliffe Hospital. He was a busy man, he said, and told me why. “Until recently,” he explained, “I saw people who had something wrong with them. Now I see people who just think that they may have ...
On Monday 25th January, news of coordinated bomb attacks in Baghdad made headlines around the world, highlighting the ongoing violence that continues to grip Iraq. Also on the same day, the government reported that the man known as “Chemical Ali,” one of the ...
Starting today, you should get out of all your individual stocks. Next, stick all your money into broad index funds. That’s the only way you’ll ever make money in the financial markets.That’s the gist of what Burton Malkiel says in his latest book, co-authored ...
Baltimore, MarylandGot money?You may find it hard to hold on to. People with money are caught in a vice. On the one side is the de-leveraging economy. On the other is the government. The depression squeezes everything – asset prices, businesses, earnings. And ...