The relatively stable and non-volatile Panic Index has fallen sharply today, as stock markets in Asia, Europe, and New York also fell, wiping out any gains the Index made over the last couple years. “Its frustrating, I know,” Jeb Walmer, an analyst with JP Morgan Horses and Chase, “… but in all truth, the Panic [...]
As the financial crisis continues to rut with itself like a wild ferret on ferretmones trapped in a stone cold hole with no hope of escape, the Euro trading floors have decided to improve the situation by instituting operation “happy face”. Any traders on the floor seen without a pre-tested “happy face” will be immediately [...]
Late Thursday night, the federal government seized WaMu, Washington Mutual in one of the largest bank failures in American History. Except for… possibly, JP Morgan Chase, now the largest purchaser of subprime institutional bank failures, behind Bank of America with Countrywide. With so many purchase/merger/firesales in such a short time, Federal Officials are becoming worried [...]
Selections and text of yesterdays George Bush Presidential Speech on the Economy:
Behold, disaster shall go forth from nation to nation …
And at that day the slain of the LORD
shall be from one end of the Earth
even to the other end of the Earth . . .
The first angel sounded:
And hail and fire followed, mingled with [...]
