Roubini thinks Greek rescue plan will not work
Back on form as Dr Doom, Nouriel Roubini thinks the debt of Greece is too big to avoid restructuring and that markets are already pricing this into bonds.
The value of the euro is going…
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Wall Street oblivious to the financial storm coming from Europe
US financial markets are curiously oblivious to the financial storm developing in Europe that has all the makings of a second global banking crisis and another stock market crash.
Last night the Federal Reserve again…
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$29m Australian super-yacht looking for Arabian buyer
With a price tag of $29 million the Australis is looking for a buyer in the UAE this week. This super-yacht is the first of a new series and was not commissioned by an owner…
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Prince Alwaleed talks Goldman Sachs, Citi and markets
Last weekend Bloomberg television interviewed the legendary Arabian investor Prince Alwaleed on the eve of the Goldman Sachs appearance before the Senate committee. His reflections on the realities of being a financial investor are interesting.…
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Short ETFs are a way to make money in falling markets
Yesterday US stocks took their biggest tumble for a couple of months. Indeed, global stock markets were a sea of red. It could get much worse if this is really the final end of the…
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Greece not Goldman is the biggest threat to financial markets
Watching US stocks tumble last night as the Senate committee grilled executives from Goldman Sachs about their role in the subprime debt crisis was a reminder that a stock market trading on a price-to-earnings ratio…
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Rogoff correct to warn Spain, Portugal, Ireland the next Greece
Harvard Professor Kenneth Rogoff is astute in warning that Greece is unlikely to be the last euro nation to be in need of rescue by the International Monetary Fund.
The former IMF chief economist told…
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Is Goldman Sachs another Salomon for Warren Buffett?
Anybody who has read the excellent recent biography of the world’s greatest investor, Warren Buffett (see the book recommendations section on this website), must be concerned that buying into Goldman Sachs at the height of…
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Heat not cost likely to put Dubai off 2020 Olympics bid
Dubai is still considering whether to make a bid for the 2020 Olympic Games and is evaluating the practicality of making a successful bid, said the Prime Minister of the UAE and Ruler of Dubai,…
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Wise Kuwait forecaster tips $60 oil amid W-shaped economic recovery
So great have the hopes for a strong economic recovery become on Wall Street that it has become a reality in terms of share prices long before any tangible evidence that it is actually happening.…
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