filed in Financial, Negative on Oct.07, 2008
One percent is the amount by which the Reserve Bank of Australia decided to cut the official benchmark interest rate today. Given that the average cut predicted was on the order of half of one percent, this counts as a black swan move to me.
Nick Leeson has weighed in with his comments on the [...]
filed in Financial, Negative on Oct.01, 2008
One thing you see a lot with the current turmoil, as with any stock market fluctuation of interest, are “reasons” given for whatever fluctuation is happening. At the moment, that means journalistic comments like:
“The rally came amid renewed hope that US politicians will pass a financial rescue package.”
Maybe another “reason” is that fundamentally sound businesses [...]
filed in Financial, Negative on Sep.28, 2008
“It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions.” — Joseph J. Cassano, a former A.I.G. executive, August 2007, from NYTimes.com
As of now, the financial crisis causing havoc on many major stock markets [...]