The credit crisis may get worse before it gets better in the coming months, as more than 2 million adjustable rate mortgages (ARMs) are ready to "re-set" – industry parlance for boosting their rates.
Category
U.S. Economy
Japan's Surprisingly Strong Economy Makes it a Great Global Play
Global investors should take heed: Japan's economy continues to be much stronger than it looks.
China scraps currency rules for companies
China on Monday scrapped a regulation that forced companies to convert a portion of their foreign currency holdings into the Chinese Yuan
Home Depot is Latest Victim of U.S. Housing Slump
The troubles of Home Depot Inc. (NYSE: HD) continued to mount yesterday (Tuesday), when the home-improvement retailer announced that its fiscal second-quarter net income dropped 15%.
Foreign Markets Thrive; U.S. Closes With A Thud
By Jason Simpkins Central banks continued funneling cash into the world’s wounded financial systems Monday, the latest in a series of liquidity infusions that began last week. The European Central Bank offered another $65 billion in emergency funds, while the Bank of Japan injected $5.1 billion. The Federal Reserve again came in on the low end […]
Global Crisis Investing and a Grandmother's Advice
By Keith Fitz-Gerald Contributing Editor Whenever I’m faced with a market like this one – rocky and volatile, with hidden wildcards just waiting to trip us up – I can’t help but think about my late grandmother, successful amateur investor Virginia Gruner, and the warning she would issue in just these situations: “Hold onto your […]
U.S. Tech Firm Boosts its IPO Offering, Despite Volatile Stock Markets
From Staff Reports At a time when the U.S. stock market is at its volatile worst, the initial public offering of a high-tech company is looking better all the time. The VMware computer-virtualization unit of data-storage giant EMC Corp. (NYSE: EMC) has just boosted the size of its initial public offering to as much as $1.1 […]
Will $275 Billion Central Bank Injection Be Enough?
By Keith Fitz-GeraldContributing Editor “Will it be enough?” That’s not a question. That’s the question. And it was being asked all around the world, in emergency sessions that started late last week and stretched into the weekend. It was being asked by central bankers in government offices, and by securities traders, hedge-fund managers and corporate […]
ECB Bails Out Banks; Dow and Other Global Stock Indexes Plummet
By Jason Simpkins The credit mess that started as a slowdown in the U.S. housing industry, and then spread to the sub-prime mortgage market, morphed into a full-blown global credit crisis yesterday (Thursday), forcing the European Central Bank into action. Yesterday’s developments were no surprise to us, for we’ve been saying for months that the […]
Investing With Caution During a Global Financial Crisis
By Martin Hutchinson Chief Global Investing Strategist In the last week, a bank in Germany and another in France got themselves into deep trouble by speculating on the U.S. sub-prime mortgage market. And yesterday (Thursday), the European Central Bank was forced to inject no less than $130 billion into the world monetary system. Stock prices […]