When does the attitude towards risk change? When people start believing there is less risk in the market, they will not be willing to pay as much for treasury bonds, considered to be “riskless” in value. But when the market is judged to be very risky, people will pay a premium for a treasury bond. [...]
The relatively stable and non-volatile Panic Index has fallen sharply today, as stock markets in Asia, Europe, and New York also fell, wiping out any gains the Index made over the last couple years. “Its frustrating, I know,” Jeb Walmer, an analyst with JP Morgan Horses and Chase, “… but in all truth, the Panic [...]
As the financial crisis continues to rut with itself like a wild ferret on ferretmones trapped in a stone cold hole with no hope of escape, the Euro trading floors have decided to improve the situation by instituting operation “happy face”. Any traders on the floor seen without a pre-tested “happy face” will be immediately [...]
Late Thursday night, the federal government seized WaMu, Washington Mutual in one of the largest bank failures in American History. Except for… possibly, JP Morgan Chase, now the largest purchaser of subprime institutional bank failures, behind Bank of America with Countrywide. With so many purchase/merger/firesales in such a short time, Federal Officials are becoming worried [...]
Selections and text of yesterdays George Bush Presidential Speech on the Economy:
Behold, disaster shall go forth from nation to nation …
And at that day the slain of the LORD
shall be from one end of the Earth
even to the other end of the Earth . . .
The first angel sounded:
And hail and fire followed, mingled with [...]
The recent bailout of insurance giant A.I.G. has brought back a dead author from the grave. Jack London, known for his early 20th century stories of the wild Alaskan frontier, was reached at the Pineview Nursing home in Wasilla, Alaska, where he was recuperating from being dead for over half a century. “…Yes,” he spoke [...]
With evacuations under way in New Orleans from Hurricane Gustav, “the big easy” memorabilia started a slide on Friday towards penny-stock territory. “Gustavs the new big thing,” James Talgreavey, of Independent Missouri Investment Trust Negotiators, an independent trust negotiation firm based in Missouri, stated as the bell rang to a close. “Institutional investors who are [...]
Automated trading experts have decried the use of memristors in prototype trading applications, feeling there is a threat to future job security. “Once the market work is taken away from people, what use is it going to be? Its not like you want some automated football avatar playing catch with your son and heir,” Jim [...]
In an effort to buoy hope against recent leading indicators showing a desperately sinking economic forecats, the Feds, in a little known internal document, are considering employing LOLcats as an agent for consumer change. “Weve tried telling people to buy more to get us out of this downward spiral, but they still seem held back, [...]
In a bold move, the White House declared today that the Federal Inflation Index posed a greater threat to domestic stability than High Taxes, and called for its removal. “The removal of the Federal Inflation Index tops our list for ensuring safety amongst consumer confidence,” analyst John Wahlburgh stated today in support of the call. [...]
Goose Hunting and Nascar Out Goosebumps, Car Naps In
With Rumsfelds resignation and steep loses in the House and Senate America is seeing a shift away from Nascar racing, Goose hunting, and church cookies. It is not clear what …
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