S&P starts with an 8
839.80
S&P touched 839 today, time to cash in the second pizza. Time to go long the market? I doubt… It’s better and safer to let the dust clear, even if this means potentially missing a 20% or plus upside. The situation is so dire, that you don’t really know what’s next. Also, from an economic […]
Global Recession?
From Mish’s Global Economic Trend Analysis, a concise representation of the current situation:
Global Recession Headed Our Way
The world is heading for a global recession and a sure bet is that it will be blamed on a subprime crisis in the US. The reality is the greatest liquidity experiment in history is now crashing to earth.
The […]
S&P below 1,000
Just a quick update on the bet I made with a friend of mine I hinted to a few blogs ago. I was giving the S&P 12 months to touch 1,000 (at the time I made the bet, the S&P was trading around 1,300), and it just touched it yesterday, closing at 996. I’ll collect […]
Sponsored search and economic crisis
What we have seen so far in online advertising is a shift from brand spend to direct response spend, i.e. from banner into sponsored search, affiliate marketing and the likes. It does make complete sense. Given the though economic environment, and the pressure in companies on controlling costs while maintaining revenues, a shift from brand […]
The 1.8 trillion dollars bailout
CNBC has made an interesting analysis on the US government bailout of the financial crisis.
It’s not just 700bn$, more like 1.8trn$. Quick laundry list:
700bn$ recently announced plan to buy assets from bank
150bn$ MBS purchase by Fannie and Freddie
85bn$ for AIG
90bn$ in repayment to JPM for Lehman
200bn$ for Freddie and Fannie
300bn$ for FHA
200bn$ of currently outstanding […]
Wow!
Ok I am sorry and I have to apologise. Been quiet for quite a while, but have been travelling a bit, went on vacation for long and been quite busy with my work.
Also, have been quite shocked at what happened recently in the world. Probably about to recover as I write.
To summarize:
Freedie and Fannie went […]
The economy slow down and online advertising
We surely are in an economic slowdown, if not in a recession. Some even say a depression. How long it is going to last isn’t easy to say. Some say months, some say quarters, some others (a few, in fairness) say years. I say at least quarters, and I say recession, without inflation.
So what is […]
Too early to be optimistic
Wolfgang Munchau explains why the economic recovery might take much longer than anticipated, and why it is too early to be optimistic.
All is down to the several crisis that are happening in the same time: property, credit, banking, food and commodities. And they are all happening while saving rates are at historical lows and the […]