Dubai says the crisis is over; the banks say it's over–why does that make me uneasy?
Hope it’s that easy. But I doubt it. Dubai and Dubai World, you remember the country and the company that threw world financial markets into a panic over the Thanksgiving weekend, say that working out a restructuring with lenders is turning out to be as easy as...So how many bad loans have China's banks made? And when will the bill come due?
There’s no free lunch. Not even for China. The Beijing government has used its state-controlled banking system to provide much of the financial stimulus that has powered China to 8.9% economic growth in the third quarter of 2009. And now the bill is coming due....The next bubble? Here's a logical and surprising place to look
Everyone is warning about bubbles. These warnings have all been unconvincing to me because they imagine that the next bubble will look like the last one. Until today. Gillian Tett in the November 23 Financial Times has come up with the first description of a bubble...23% on our bailout money? Hey, Goldman Sachs it's not enough
Goldman Sachs (GS) is going to pay the U.S. taxpayer–hey, that’s you and me–$1.1 billion for the use of the $10 billion last October when Wall Street looked headed for a meltdown. The $1.1 billion will buy back warrants that the government took as...Jim’s Daily Email Alerts:
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