The Cost of Banking
April 18, 2008 | Leave a Comment
It is becoming more apparent that the cost of banking is weighing heavily on the financial sector. The continuing list of firms requiring capital injections rises by the week. Whilst some would have you view this as banks “strengthening” their capital base, I would view it as bailouts, begging - pure and simple. These bailouts are not free, either debt has been issued with high interest rate servicing costs or the shareholders value is debased by new equity issuance. Or both. Read more
Falling dollar helps some blue-chip stocks?
April 18, 2008 | Leave a Comment
The news about consumer prices continues to get worse for Americans. Record wholesale and consumer prices were reported again earlier this week. Gasoline surpassed a national retail price average of $3.40 per gallon today (April 17), and more price rises are expected. Milk, cheese, eggs, and other basic grocery items continue to sell for high prices at the local grocery stores and supermarkets. The weak dollar is still cited as a major culprit, along with inflationary conditions and lower interest rates. Read more
Gas prices set new record
April 17, 2008 | Leave a Comment
The national gas price average climbed to another new record at $3.365 Friday (April 11), according to the Oil Price Information Service. This was the most recent in a sequence of several weekly record prices. Oil set a new record high above $112 per gallon earlier in the week, which along with the pending summer driving season have helped drive gas prices higher. Read more
Dollar reemerges from the shadows
April 4, 2008 | Leave a Comment
The US dollar has reemerged for the second time in the last couple weeks. It seems possible the greenback may be nearing a bottom, or perhaps reached one already, considering the firmness it has maintained in recent weeks. The currency had been on a perpetual slide since the middle of last year, falling significantly in value against all major currencies. Read more
The Credit Crisis Is Over
April 3, 2008 | Leave a Comment
Hurrah and huzzah! The credit crisis is over, it’s all sorted, everything is fine and buying opportunities abound. Read more
The interaction of new lending facilities- will yields rise?
April 1, 2008 | Leave a Comment
The interaction of new lending facilities- will yields rise? Read more






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