Monthly Archives: June 2008

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Institutions will have to sell for hundreds of billions. Sell. Satyajit Das is a risk consultant and author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives (2006, FT-Prentice Hall). Equity markets believe the worst is over. Banks also seem to have convinced themselves that the worst is behind us. […]

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Irland sier nei til Lisboa traktaten. Fantastisk! De maktkåte politikere i Brussel kommer til å prøve seg igjen, men dette er for dem et skudd for baugen. En stor takk og gratulerer til det Irske folk. http://www.vg.no/nyheter/utenriks/eu/artikkel.php?artid=505006 Marian Tupy, policy analyst with Cato’s Center for Global Liberty and Prosperity, comments: “The Irish rejection of the […]

Yesterday the Dow fell 394.64 points. The mood has changed to fear again. Panic is still not here, but it will come soon enough. We have been surprised by the strength of the April, May, June upwards move. But gravity still works. The Dow will fall considerably, panic will bring it down further. Oil rose […]