Stories tagged with: crisis
Rich run for cover as turmoil hits wealth
http://www.reuters.com/article/2011/10/04/us-wealth-summit-i...Submitted by PeteD 19 months, 3 weeks, 2 days, 11 hours ago
"The world's wealthiest families have embarked on damage limitation rather than seeking to boost their fortunes as financial turmoil erodes their riches, with some so worried they are putting their money in 'catastrophe' portfolios". The "catastrophe portfolio" allocates one third of money to gold, one third to defensive and internationally diversified blue chip company shares and a third to the debt of ultra safe developed countries." Join discussion...
Big banks will weather the storm
http://www.smh.com.au/business/big-banks-will-weather-the-st...Submitted by PeteD 24 months, 1 week, 22 hours ago
Michael Pascoe has his rose-coloured glasses on and believes that the IMF, RBA and Treasury are right in their forecast of growth and that our banks will be profitable Join discussion...
Seeds of next banking crisis now being sown
http://www.smh.com.au/business/seeds-of-next-banking-crisis-...Submitted by cij 26 months, 5 days, 1 hour ago
"I wondered what the panel [of mainstream experts] saw as the greatest risks to Australia's banks so I asked them. Their answers left me dumbfounded." Join discussion...
[FOFOA BLOG] GOLD & MONEY: More Than Meets the Eye
http://fofoa.blogspot.com/2010/04/gold-money-more-than-meets...Submitted by PeteD 33 months, 3 days, 2 hours ago
A very interesting article that describes a relationship to global currency with oil trade, the oil crisis' and gold. A bit of a history lesson. Very interesting article, although quite long. Also definitely worth watching the YouTube video at the end that discusses the future of oil/energy/carbon trading. Join discussion...
PDF presentation on financial crisis (inc. subprime)
http://johnquiggin.com/wp-content/uploads/2008/11/financialc...Submitted by PeteD 55 months, 1 day, 20 hours ago
Contains a basic comic at the start to explain things that is quite funny, you may have already seen it. Has some interesting points, such as higher deficits = higher taxes in recession years (i guess i didn't think of that) Join discussion...
Crises come into focus
http://www.eurekareport.com.au/iis/iis.nsf/pages/74AF762A46F...Submitted by cij 55 months, 2 weeks, 2 days, 22 hours ago
A more sober view of the situation in the global financial market from the mainstream media. Join discussion...
Greenspan admits he was partially wrong
http://www.guardian.co.uk/business/2008/oct/24/economics-cre...Submitted by steven_shaw 55 months, 3 weeks ago
Congressman Henry Waxman: "My question is simple. Were you wrong?" Greenspan: "Partially ... I made a mistake in presuming that the self-interest of organisations, specifically banks, is such that they were best capable of protecting shareholders and equity in the firms ... I discovered a flaw in the model that I perceived is the critical functioning structure that defines how the world works. I had been going for 40 years with considerable evidence that it was working exceptionally well. The overall view I take of regulation is, I took an oath of office when I became Federal Reserve chairman. I'm here to uphold the laws of the land passed by Congress, not my own predilections." Join discussion...
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