Peter Mandelson has blamed the fall out from Prudential’s proposed acquisition of AIG’s Asian arm for the currency wobble in the UK on Tuesday.
The UK’s business secretary said on CNBC that HSBC moved along with the deal and sold pounds which…
Roger Nusbaum submits:
This week’s interview in Barron’s was quite a shock as they interviewed Jim Paulsen from Wells Capital after having just featured him on July 20th. Some of the reader comments on the July article ripped into him for being…
Brad DeLong and John Cochrane agree on something. I must dissent.
Delong and Cochrane agree that
“The underlying decline in wealth from the housing bust was … around $400 billion. …”
Indeed, relative to the size of the economy the losses during the…
Jason Shade submits:
Yucheng Technologies Inc. (YTEC) (3.55), saw its stock price cut in half following its dismal earnings report Friday. The provider of IT services and software solutions to the Chinese banking sector missed on both revenues and earnings per share.
The…
Brad DeLong has long argued against the fears that we could head into something like the Great Depression.
But now the UC Berkeley economist has turned a bit bearish on the economy.
For 2 1/4 years now I have been saying…
Consumers are still in full-on saving mode according to the latest Fed data on consumer credit:
Reuters: Total U.S. consumer credit dropped by a bigger-than-expected $14.80 billion in September, Federal Reserve data showed on Friday, indicating households prefer to reduce debt…
Galleon Group founder Raj Rajaratnam was been released on $100 million bail on criminal charges in an alleged $20 million insider-trading scheme. It is the highest bail ever set in the United States.
See the full scandal in pictures >>
U.S. Magistrate…
If you lived outside the United States, you could easily place a wager on who will take hom the Nobel Prize in Economics* on Monday. Barring that, however, you can at least look at the odds, which, according to Ladbrokes,…
