Archive for September 26th, 2008

Daily Archive
Friday, September 26th, 2008

Bank and Broker Default Risk Soars


“As the scarecrows (’if I only had a brain’) in Washington bicker over partisan politics, the life blood of our economy is no longer flowing. Each hour that passes that a deal doesn’t get done, a tick of GDP washes away. By the time legislation does get passed, too much damage could already have been done,” said Bespoke while watching the CDS spreads sky-rocketting.

2 Comments » - Posted in Investment, Markets, Money by Prieur du Plessis
Friday, September 26th, 2008

Bail-out Plan: Will it Work, and How Will Markets React?


Greetings from London where I am spending a few days on a business visit. Economic doom and gloom prevail in this neck of the woods, but the real focus is on the US government’s bail-out plan. This post is a guest contribution from the economists at Morgan Stanley, providing food for thought on the chances of the plan being successful and its likely impact on financial markets. Remember to also post your views on this topic in the comments section of the blog site.

6 Comments » - Posted in Guest Bloggers, Investment, Markets, Money by Prieur du Plessis
Friday, September 26th, 2008

We should toss him a couple of bucks …


Hat tip: Barry Ritholtz’s The Big Picture, September 25, 2008.
 
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No Comments » - Posted in Humor by Prieur du Plessis