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by
Nico Isaac
9/15/2009 11:30:00 AM
This day -- September 15, 2009 -- marks the one-year anniversary of Lehman Brothers' collapse, the largest bankruptcy in U.S. history. More than "one for the history books," this event goes down as the "weekend Wall Street died" and re-emerged as Zombieland -- the bleak home to once booming financial firms gone bust, feeding off the lifeblood of federal bailout money.
Filed Under:
credit crisis, financials, banking sector, Citigroup, Wall Street, bank industry
Category:
Economy
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by
Nico Isaac
3/9/2009 5:15:00 PM
Last week saw another nauseating milestone in the ongoing economic crisis. The price for one share of Citigroup is now the same as a McChicken sandwich: A buck and some change. For many, it's the ultimate wake-up call. But what about hearing said "call" before the ALARM bells went off?
Filed Under:
Citigroup, Citi, financial crisis, banking sector, FDIC
Category:
Economy
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by
Bill Fox, Senior Bonds Analyst
10/6/2008 3:15:00 PM
The Wachovia board gave Citibank the shaft, and now Citibank is crying tortuous interference. Good luck with that one. With all that has gone on the past several weeks, is there really a judge out there who will force Wachovia to re-enter a buyout that leaves taxpayers vulnerable to potentially billions in losses and leaves bondholders out in the cold? More...
Filed Under:
Citigroup, Wachovia, wells fargo, u.s. treasury, Paulson, deflation, California
Category:
Economy
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by
Nico Isaac
9/29/2008 5:30:00 PM
At this point, the federal government should rename their plan for fixing the U.S. economic crisis to -- the “Weekend At Bernie’s” Bailout. Under this system, Fed chairman Ben Bernanke pretends the leading financial giants are still alive by propping them up with a multi-TRILLION-dollar back brace.
Filed Under:
bailout, bailouts, $700 billion bailout, Citigroup, Fannie Mae, American International Group, dow jones industrial average
Category:
Economy
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by
Nico Isaac
7/28/2008 6:30:00 PM
In times of panic, a drowning man will often pull his rescuer down under water with him. So it goes, one of the most dangerous threats to a Lifeguard’s safety is the very person they are trying to save. Sometimes… the choice must be made to let go. For the U.S. financial sector, that time is now...
Filed Under:
us banks, financial sector, Citigroup, Merrill Lynch, AIG, commercial loans, industrial loans, banking sector
Category:
Economy
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by
Nico Isaac
5/30/2008 3:45:00 PM
The bleak, nail-biting drama known as “The Tempest… In the U.S. Credit Market” has played out as one terrible scene after another: The once formidable Titans of Finance fell from an over-leveraged grace, triggering $300 billion in write downs, massive layoffs, losses, government bailouts, record-high foreclosures, and pretty much every economic setback around.
Filed Under:
credit crisis, worst is over, Citigroup, Bear Stearns, Federal Reserver
Category:
Economy
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by
Nico Isaac
5/19/2008 5:45:00 PM
The bleak, nail-biting drama known as “The Tempest… In the U.S. Credit Market” has played out as one terrible scene after another: The once formidable Titans of Finance fell from an over-leveraged grace, triggering $300 billion in write downs, massive layoffs, losses, government bailouts, record-high foreclosures, and pretty much every variety of economic setback...
Filed Under:
U.S. credit crisis, credit market, write downs, foreclosures, bailouts, Bear Stearns, Citigroup
Category:
Economy
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by
Nico Isaac
4/23/2008 3:30:00 PM
In case you were wondering: You haven’t gotten taller over the last month. The financial sky is just falling in. Which begs the question: Why have gold prices been going down?
Filed Under:
Gold, Precious metals, Crude oil, Citigroup, credit crisis
Category:
Precious Metals
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by
Susan C. Walker
4/22/2008 4:15:00 PM
Citigroup and Merrill Lynch use good old smoke and mirrors -- otherwise known as modern-day accounting -- to delay losses on their income statements. But there's a much clearer picture and forecast from The Elliott Wave Financial Forecast.
Filed Under:
Citigroup, Merrill Lynch, writedowns
Category:
Stocks
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by
Nico Isaac
4/21/2008 4:15:00 PM
Regarding the question raised by today’s headline, “Do Stocks Reflect The Economy?” -- the one-word answer is NO. The cornerstone of conventional economic wisdom is pure baloney.
Filed Under:
Stocks, Economy, Wall Street, crude oi, housing, Citigroup, DJIA, conquer the crash, roaring twenties, new economy
Category:
Stocks
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by
Nico Isaac
2/26/2008 4:15:00 PM
The hunt for the guilty parties responsible for the housing and credit blood bath has begun as the world's largest economy has become No Country For Old bull market mania. Truth be told, the subprime mortgage industry was a marked man the moment it went mainstream, a fate our March 2005 Elliott Wave Financial Foreacst saw coming from miles away...
Filed Under:
No Country For Old Men, mania, coin toss, subprime mortgage, credit, Citigroup, Goldman Sachs, HSBC
Category:
Economy
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Watch Bob Prechter's interview on CNBC Wednesday, Nov. 4. Bob discusses the current juncture, Conquer the Crash II and more.
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Announcing EWI's New eBook ...
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.
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