US Government looks to tax rebates

January 30, 2008 | Leave a Comment

The US House approved overwhelmingly today a $146 billion tax rebate stimulus package agreed to as a compromise between democratic and republican leaders along with Treasury Secretary Paulson, and President Bush.  The Senate will vote on the bill this week.  While there is some concern that party leaders on both sides may look to adjust the bill, many speculate that the pressure to get the proposal through quickly will prevent any hindrances to the process. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Financial Regulator Wanted! No Experience Needed

January 29, 2008 | Leave a Comment

JEROME KERVIEL, fast-overtaking John Law as France’s worst-ever financial mishap, claimed on his most recent resumé to enjoy judo and sailing, as well as running up $7.1 billion in losses for his employers in his spare time. Something of a loner according to the world’s media (only 11 friends on Facebook – can you imagine!), he’s also been called a “computer genius” by his colleagues at Société Générale in Paris. Read more

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Long Term Indications

January 29, 2008 | Leave a Comment

Today I want to look at some longer timeframe indicators that can help to confirm current sentiment and spot eventual potential changes. I am working from the premise that we are entering or are in a recessionary period globally.  How long this period lasts for and how deep the recession goes are questions that are entirely subjective. Rather than try to answer them and cause a long debate with those that disagree, I prefer to look at indicators that confirm the downturn. Whilst in the short term this is not a huge step forward in knowledge, for the long term being able to monitor such indicators will help identify the next change in trend. Read more

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Citigroup – Opportunity or Death Rattle?

January 28, 2008 | Leave a Comment

It’s not very often you will find me focusing on one share but something rather important has happened to Citigroup [C].  Firstly let me explain I am not, most assuredly not, recommending any position in Citi.  I don’t “do” recommendations and as most of you who read my articles know, I prefer to look for the longer term effects. Think of this article more along the lines of a follow up to A beginners Guide To Credit Default Swaps and CDS, An Example in Real Time.   Read more

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Fed shocks Wall Street with .75 basis point rate cut

January 22, 2008 | Leave a Comment

Although many financial analysts had been predicting and hoping for a .75 basis point Fed interest rate cut on or before the January 30th Central Bank meeting, today’s surprise cut announcement caught Wall Street off guard and contributed to one of the more volatile days the equity markets have seen. Read more

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Dollar Yen free fall continues

January 22, 2008 | Leave a Comment

The US dollar has remained somewhat range bound against the European currencies as of late, but it continues its dramatic fall against the yen following the new record high this summer of 125 yen per dollar.  One dollar is currently (January 21) valued at just under 106 yen. Read more

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“Oh, Poor Me!” The Stock Holder’s Lament

January 18, 2008 | Leave a Comment

JUST IN CASE YOU’D forgotten – or you’ve set up a hedge fund in London lately – shareholders come last in line when a listed company goes bust.Yes, yes…you get to vote on who sits on the board of directors. You might even get first dibs on any new share issues set to dilute your investment, too. But you’ll typically get nothing if the company goes bankrupt. And any business that hits the wall, as a rule, tends to go bust because it’s run out of cash. Read more

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White House plan disappointment sends market down (Reuters)

January 18, 2008 | Leave a Comment

White House plan disappointment sends market down (Reuters)

The numbers board can be seen shortly after the day's start of the New York Stock Exchange in New York January 9, 2008. (Lucas Jackson/Reuters)Reuters - Stocks fell on Friday as details about a White House stimulus package raised doubts about whether it would provide enough of a boost to the economy.



Source: news.yahoo.com

Posted by livewire admin | Filed Under Business and finance news headlines 

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