telegraph.co.uk - 10/23/2008
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Markets hate uncertainty and see things in black and white. This is a problem because they exist in a multi-coloured world in which the only constant is change. They make up simple stories to explain what's going on and happily change the narrative if it no longer says what they want to hear.
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The Mess That Greenspan Made —
TOP STORIES Greenspan Urges Tighter Regulation After `Breakdown' - Bloomberg Credit Rating Agency Heads Grilled by Lawmakers - NY Times GM suspends payments into 401K plans - Reuters US foreclosure filings up 71 percent in 3Q - AP U.S. Insurer of Pensions Has Lost $2 Billion - NY Times Five things investors believed about the market six months ago - Telegraph Goldman Sachs to cut staff by 10 pct - Reuters MARKETS/INVESTING Dollar roars back as global debts are called ...
DrumBeat: October 23, 2008
The Oil Drum - Discussions about Energy and Our Future —
... hauls organic trash and turns it into compost, was spending up to $1,500 more per month on fuel. Now, with prices falling, the company has decided that money can be used to create a new job.
Petro-Canada's Profit Rises 61% on Higher Oil Prices
(Bloomberg) -- Petro-Canada, the country's third- largest oil company, said third-quarter profit rose 61 percent from a year earlier on higher prices, beating analyst estimates.
Five things investors believed about the market six months ago but now don't
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I find the recent market action very interesting, especially the headlines in the newspapers and the chatter I hear on elevators, during lunch, or before the start of meetings. The main topic of course is the recent market action and the ...
Two Things That Have Nothing To Do with Each Other
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I know this is simplistic, but I just couldn’t resist.
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Why Have Things Gone So Wrong?
informationarbitrage.com 9/30/2008 — Lack of transparency. Intellectual dis-honesty. Failure to read the pulse of the nation. In my adult life I have never seen a backlash so powerful or so well-timed as this. The voting public called bull#$%& on Hank Paulson, the President, ...
How Things Change
dealbook.blogs.nytimes.com 1/29/2009 — "The I.M.F. does not have enough money for what is coming," said Guillermo Ortiz, the governor of Mexico's central bank.