Originally I had scheduled the article below for posting on next Friday. After reading yesterday’s The New York Times editorial on Occupy Wall Street protests I decided to publish it today. From the Times editorial: Extreme inequality is the hallmark of a dysfunctional economy, dominated by a financial sector that is driven as much by …
Continue reading ‘IMF: Income Inequality Worsens in Most Developed Countries’ »
The Global Finance magazine has published its annual ranking of the world’s biggest banks for this year based on total assets the end of 2010. The top 50 banks hold assets of just over $61 Trillion. China’s banks continue to grow in size. This year, ICBC, China’s biggest bank entered the top 10 ranks by …
Continue reading ‘The World’s 50 Biggest Banks by Assets for 2011’ »
What Options Are Left for the Common Currency? Signs of Desperation: Fee Increases Signal End of an Era for Too Big To Fail Banks How Argentina left its Eurozone Should you run from the bear or grin at it? Mishra: India’s Rising Tide Doesn’t Lift All Rural Boats Lessons learned from the dotcom bubble That’s …
Continue reading ‘Knowledge is Power: Argentina, Sweden, Housing Madness Edition’ »
The extreme volatility in the equity markets in the past few weeks are making many investors nervous. Some of them are making the wrong moves based on emotions. Yesterday’s Wall Street Journal had an article discussing how some people are liquidating their equity holdings and moving into cash. From the article titled “Tired of Ups …
Continue reading ‘Keep Calm and Buy These 10 Foreign Stocks’ »
The U.S. markets made a dramatic turnaround today with the S&P 500 soaring 4.1% in the final 50 minutes of trading. Up until few weeks ago US stocks had held up well compared to European stocks as investors assumed the European debt crisis would have a smaller impact here. However despite the perceived strength of …
Continue reading ‘The Next U.S. Crisis Could be Worse Than the Previous One’ »