Archive for November 6th, 2008

Daily Archive
Thursday, November 6th, 2008

Navigating OBAMArkets


The stock market yesterday did not offer President-elect Barack Obama as warm a welcome as he would have liked. But the stock market’s decline should not be ascribed to the election of Mr Obama, but rather to investors focusing anew on the dismal economic situation the new President will be inheriting.

3 Comments » - Posted in Investment, Markets, Money by Prieur du Plessis
Thursday, November 6th, 2008

Sorry Obama, Wall Street doesn’t care


“The financial services industry’s recent collapse has turned to a smoking ruin the US’s already burnt balance sheet, putting President Obama square into fire-fighting with a straw and no money for water. Wall Street has neatly managed to half-way marginalize President Obama, even if it had to gut itself and the economy to do it,” said guest contributor Paul Kedrosky.

1 Comment » - Posted in Guest Bloggers, Investment, Markets, Money by Prieur du Plessis