Stocks Offer `Once in a Generation' Buying Chance: Chart of Day Investors willing to buy stocks at
their current depressed prices stand to make a lot of money,
according to Tim Bond, head of global asset allocation at
Barclays Capital in London.
Central Banks Fail to Alleviate `Logjam' in Libor: Chart of Day Central-bank efforts to drive down
money-market borrowing costs with coordinated interest-rate cuts
are failing, according to Nick Stamenkovic, a fixed-income
strategist at RIA Capital Markets in Edinburgh.
Bailouts Prove Pale Substitutes for Market Trust: Mark Gilbert Every weekday, 16 bowler-hatted City
gents meet at a secret London location. Flunkeys in red velvet
jackets and white gloves serve swan canapes, port is passed to
the left, and cigar smoke thickens the air. At 11 a.m., a gong
sounds, and the financiers prepare to hold the world to ransom by
dictating ever-higher interest rates for borrowers ranging from
companies to homeowners to indebted students.
Hedge-Fund Guy Dips His Snout in Bailout Trough: Mark Gilbert Dear investor, it's that time of year
again when we are obliged to update you on the performance of our
hedge fund, Short-Term Capital Mismanagement LLP.
Lehman, WaMu Show Buyers Wait for Banks to Fail: Chart of Day U.S. Treasury Secretary Henry
Paulson's decision to let Lehman Brothers Holdings Inc. and
Washington Mutual Inc. fail means the rule book is ``being torn
up,'' according to Dresdner Kleinwort strategist Nigel Myer.
I Won't Give Goldman My $200 Million Lottery Win: Mark Gilbert Tomorrow's Europe-wide lottery
offers a tax-free, lump-sum jackpot worth about $200 million.
When I hand over my winning ticket, though, I will face a
dilemma: Where do I stash my luck-gotten gains?
Now Uncle Sam Is Hedge-Fund Guy, AAA Needs Review: Mark Gilbert As Uncle Sam transmogrifies into
Hedge-Fund Guy, gorging on debt to buy $700 billion of toxic
assets to keep the financial system afloat, the U.S. government's
AAA status has to be deemed unsafe. It just has to.
Buffett's Derivatives `Madmen' Poison Capitalism: Mark Gilbert Krispy Kreme Doughnuts Inc. is
offering ``Kredit Krunch Treats,'' 12 deep-fried rings for the
price of seven. To truly reflect the current zeitgeist, sprinkle
them with arsenic.
Banks Are Riskiest Companies in `Scary' Markets: Chart of Day The risk that European banks won't
repay their debts exceeds the chances of non-financial companies
defaulting for the first time since March, according to prices in
the credit-derivatives market.
Henry Paulson, Why Scare My Mother?: Mark Gilbert (Update1) My mother called me on Sunday
evening, in a bit of a tizzy. She'd heard on the BBC news that
the U.S. government was spending ``trillions'' rescuing its
mortgage market, putting the U.K. economy in danger.