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By Jeremy Gardiner You will hear much discussion around the terms ‘Wall Street’ and ‘Main Street’. Wall Street is synonymous with the US financial system and Main Street represents the US consumer. It is clear that the average American sees the current crisis as a Wall Street problem and the bailout plan […]
Humpty Dumpty sat on a Wall Humpty Dumpty had a great fall All the King’s horses, and all the king’s men Didn’t bankrupt the country and devaluate the currency putting the shifty bastard together again. Hat tip: Barry Ritholtz’s The Big Picture, September 29, 2008.
Did you enjoy this […]  By Prieur du Plessis, on September 30th, 2008 posted in: Investment, Markets, Money  3 people had their say - chime in!
The first ever trillion-dollar loss on Wall Street came in the wake of US lawmakers failing to gather enough votes to pass the $700 billion bail-out package. This post deals with a few interesting snippets and concludes that we are still in the grips of a primary bear market and should tread carefully until the smoke clears and the flames can be measured. […] By Prieur du Plessis, on September 29th, 2008 posted in: Guest Bloggers, Investment, Markets, Money 4 people had their say - chime in!
“It seems like a foregone conclusion that deflationary pressures are now squarely upon us. Prices are falling in asset classes across the board,” said guest contributor Bennet Sedaca. “I have focused on credit for years but now turn to the next threat I believe is on the horizon. Deflation.” This is a sobering post to be sure, but a concept deserving our serious attention. […]
Hat tip: Boing Boing, September 26, 2008.
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By Prieur du Plessis, on September 27th, 2008 posted in: Guest Bloggers, Investment, Markets, Money 5 people had their say - chime in!
Barry Ritholtz has put pen to paper to write a memo “from Wall Street to Washington, D.C.”, spelling out in no uncertain terms the role that Uncle Sam played in enabling the current financial mess. […]  |
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