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85 ArticlesCrisis 2008

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Felix Salmon on Madoff – it's the government's loss, too

Felix Salmon – Madoff: The Tax Implications Let’s say you’re a successful businessman who has managed to earn $10 million this year, but who ...

Ecuador chooses to default. Conspiracy Theory Ahead.

Sometimes I just don’t understand. Ecuador has chosen to default on a 30.6 million dollar payment on its bonds. Which is surprising, because it has 5.65 ...

Moral hazard for breakfast

HBOS says “bailout ke naam pe de de baba” (English equivalent) and then… HBOS Plc, the U.K. bank that told shareholders yesterday it’s ...

IIP Data: Drops by 0.4% in October

The Index of Industrial Production is at 261.5 today, a drop of 0.4%, for the first time in a very long time. Here’s what it looks like: The bottom bars ...

Indian Inflation Down to 8%; China Losing Steam

Indian Inflation data was out today – a figure of 8% will be deeply satisfying. With the petrol price last week, we should see even lower figures coming ...

0% on 4 week T-bills, Negative yield on the 3-month

From Bloomberg: he Treasury sold $30 billion of four-week bills at zero percent for the first time since it began selling the securities in 2001 amid ...

Dubai's Dreams in Tatters

Newsweek: Dubai’s last hurrah “It’s a tragedy in the making,” said a senior executive with one of the city’s biggest ...

A 30,000 cr. ($6 billion) stimulus package

Update: Turns out it’s 30,000 cr., not 300,000 cr. Suitably edited – my apologies. India joins the global stimulation exercise. Total spending in ...

Two pieces of bad U.S. News: Unemployment and Mortgages In Trouble

Unemployment has reached 6.7% in the US, with November showing a drop of 533,000 jobs. Over 1.25 million jobs in the last three months have been lost, and the ...

Buffett – Down but Not Out?

Buffett’s saga continues. The shares of BRK-A were down, at the bottom a couple days back, to nearly 50% of their highs of $150K. His derivatives bet ...