As if a housing crisis and global market meltdown aren’t bad enough, layoffs are rising too: September was the worst month for “mass” layoffs since 2001, the WSJ reports.And the hits just kept coming in October:”In just the last two weeks,
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While the Dow gets all the headlines, it continues to be a sideshow to the global market crisis that shows no signs of abating. Overnight, Japan’s Nikkei tumbled to a 26-year low and Hong Kong’s Hang Seng plummeted nearly 13%. Meanwhile, Europe is “o
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The market has increasing doubts on Bunge Ltd’s $4.4 billion plan to buy Corn Products International Inc for $4.4 billion to gain a leading position in corn-based starches and sweeteners.
The spread on the deal is currently 144.8 percent, with both stocks down from the merger announcement in June, according to Reuters data. Agriculture and fertilizer stocks […]
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Bankers have already had a barrage of abuse, so an article in New Scientist comparing them to pond life will perhaps raise few eyebrows.
But it is worth a closer look.
The popular science journal cites experts in complexity and ecology in its latest edition explaining how the financial system is a tangled network of relationships, like the ecosystem of […]
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From ClusterStock, Oct. 27, 2008:Japan’s 26-year low will shake the conventional investing wisdom to
its crumbling foundation. Investing for the long term is one thing.
Investing for a long-term that might have to defined as “many decades”
is
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The $9 billion stake in Morgan Stanley that Mitsubishi UFJ Financial Group bought earlier this month was a risky bet for a Japanese bank. Often leaning heavily on state support, banks in Japan aren’t known for taking chances. Perhaps betting with house money is going to their heads.
MUFG bought just over a fifth of Morgan […]
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