Stock Market Bulls Have Got it Wrong, Warns Nouriel Roubini
'Dr Doom' predicts further shocks in the market
By Nick Clark
Nouriel Roubini, the so-called "arch bear" economist who predicted the current financial crisis in 2006, added further gloom yesterday after he wrote off recent rises in global stock markets as no more than a dead cat bounce. Continue
Big Bank Profits are Bogus!
Massive public deception!
By Martin D. Weiss, Ph.D.
First, I’ll give you the big-picture facts. Then, I’ll show you how big U.S. banks are painting lipstick on some of the fattest pigs ever raised. Continue
UK retail inflation turns negative: Britain's annual retail price inflation rate has given its first negative reading in almost 50 years, official figures have revealed, sparking fears of deflation in the recession-hit country.
Meltdown losses of '$4 trillion': The International Monetary Fund (IMF) has warned credit crunch losses could reach $4 trillion (£2.75tn), damaging the financial system for years to come.
Obama Proposes $100 Billion Loan for I.M.F.:- President Barack Obama Monday proposed a $100 billion U.S. loan to the International Monetary Fund to boost the IMF's war chest and urged a bigger stake in the IMF for emerging powers like China and India.
Profits rise at Bank of America: The bank said on Monday it earned $4.2bn in the first three months of 2009, compared to a $1.02bn profit in the same period a year ago.
Big banks have a big credit problem: BofA managed to post the big profit even as it set aside more than $6 billion to cover future loan losses. The bank's loan loss reserve now stands at $30 billion -- double its year-ago level.
Goldman Sachs Shook Tens of Billions Out of Tax-Payers -- Now They're Whining All the Way to the Bank