Mike Robinson
19th September
As I write this, in a real sucker punch, the FTSE is up 10% so far today. Hooray, the world is saved!
Or not.
What could be behind this insane, hysterical reaction?
Archive for the ‘Uncategorized’ Category
The End Of The United States
Posted by seumasach on September 19, 2008
Posted in Uncategorized | Tagged: financial collapse | Leave a Comment »
Source: Five Generals To Be Disciplined Over Nukes
Posted by alfied on September 18, 2008
Defense Secretary Robert Gates will announce a range of punishments for at least five general officers and possibly several colonels for lapses connected with the nation’s nuclear weapons. Read the rest of this entry »
Posted in Uncategorized | Tagged: "War on Terror", Nuclear terrorism | Leave a Comment »
Gold- Largest One Day Price Rise in History
Posted by seumasach on September 18, 2008
By Mark O’Byrne, Executive Director
18th September
Gold and silver surged yesterday with gold up $69.30 to $847.30/oz and silver up $1.11 to $11.59/oz.
Gold surged by 8.9% to $847.30 (silver +10.6%) at the close in New York and continued to surge in electronic trading to over $870/oz. Asian trading saw the surge continue and gold traded as high as $893/oz. Gold subsequently fell prior to rising to some $870/oz as markets began trading in London. These are unprecedented movements and gold rose from a low of $780 to a high of $893 or more than 14% in less than 24 hours. There is some confusion but some analysts say this is the largest one day dollar price move since 1980 and some saying the largest ever.
Posted in Uncategorized | Tagged: flight to safety, gold | 1 Comment »
U.S. Government Debt Risk Jumps to Record After AIG Bailout
Posted by seumasach on September 17, 2008
Abigail Moses
Sept. 17 (Bloomberg) — The cost to hedge against losses on U.S. government debt rose to a record after the Federal Reserve rescued American International Group Inc. to avert the worst financial collapse in history.
Posted in Uncategorized | Tagged: US government debt | Leave a Comment »
Omagh Bombing: Victim’s relatives to turn to British legal system in their search for justice
Posted by alfied on September 17, 2008
Call to speed up Omagh evidence review NEWS: Call to speed up Omagh evidence review
17/09/08
A British government inquiry into intelligence files linked to the Omagh bomb should be accelerated so it can be used in court, grieving relatives said tonight. Read the rest of this entry »
Posted in Uncategorized | Tagged: British Government Crimes | Leave a Comment »
Oil prices plunge after shakeup on Wall Street
Posted by seumasach on September 16, 2008
Vienna’s JBC Energy linked Lehman Brothers’ demise with the steep fall in oil prices, saying the investment bank “was said to be a big player in oil markets, and its bankruptcy could explain the big sell-off yesterday.”
Were they forced to sell off the oil reserves they bought to force up prices?
16th September, 2008
Oil prices plummeted Tuesday, falling briefly below $92 US a barrel amid market fears that the U.S. credit crisis which brought down Lehman Brothers will drag on global economic growth and restrain demand for crude.
OPEC’s production cut of 520,000 barrels a day earlier this month has failed to stem the decline. The 13-country group said oil demand in the United States fell by 800,000 barrels a day last month due to the slow economy and high prices.
Posted in Uncategorized | Tagged: Lehman, oil bubble | Leave a Comment »
Oil falls below $100 after bleak financials
Posted by seumasach on September 16, 2008
NEW YORK (AP) — Oil prices closed below $100 a barrel for the first time in six months yesterday, tumbling in another dramatic sell-off as the demise of Lehman Brothers and the sale of Merrill Lynch deepened worries about the economy.
Crude prices shed more than $5 a barrel and have now given up virtually all their gains for the year, extending a steep, two-month slide from record levels above $147 a barrel.
Analysts said investors feared that the upheaval in the financial sector could trigger another round of commodities liquidation — especially with Lehman likely to unwind its holdings.
Posted in Uncategorized | Tagged: Lehman, oil bubble | Leave a Comment »
WaMu plunges as turmoil sweeps financial sector
Posted by seumasach on September 15, 2008
NEW YORK – Shares of Washington Mutual Inc. fell sharply Monday, as the collapse of Lehman Brothers Holdings Inc. and the sale of Merrill Lynch & Co. rattled the broader banking sector.
Posted in Uncategorized | Tagged: financial collapse, wamu | Leave a Comment »
Bail-out calls as crash leaves councils in $200m hole
Posted by seumasach on September 15, 2008
Chris Merritt, Legal affairs editor | September 16, 2008
THE NSW Government was under pressure last night to bail out local councils that stand to lose a total of about $200 million in the bankruptcy of US investment bank Lehman Brothers.
The bankruptcy has left the councils with little prospect of recovering any money they had invested in securities marketed by Lehman that turned out to be almost worthless.
Posted in Uncategorized | Tagged: financial collapse, Lehman | Leave a Comment »
HBOS shares drop by 35pc
Posted by seumasach on September 15, 2008
Express and Star
Shares in one of Britain’s biggest banks plunged by 35 per cent today as markets reeled from the shock collapse of US-based Lehman Brothers.
Posted in Uncategorized | Tagged: financial collapse, HBOS | Leave a Comment »
AIG Scrambles to Raise Cash, Talks to Fed
Posted by seumasach on September 15, 2008
“The numbers are too daunting,” said a senior executive at a large private-equity firm. Given AIG’s huge balance sheet, “we just don’t have enough capital to fill the hole.“
Insurer Looks to Sell Automotive Business, Annuities Unit;
It Seeks $10 Billion in Fresh Capital as Downgrade Threaten
By MATTHEW KARNITSCHNIG, LIAM PLEVEN and PETER LATTMAN
September 15, 2008
Insurer American International Group Inc., succumbing to relentless investor pressure that drove its shares down 31% on Friday alone, is pulling together a survival plan that includes selling off some of its most valuable assets, raising more capital and going to the Federal Reserve for help, people familiar with the situation said.
Posted in Uncategorized | Tagged: American International Group, financial collapse | Leave a Comment »
In These New Times 