BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Soros calls financial crisis worst since Great Depression, sees more market declines]]>http://www.bloggingstocks.com/2008/04/03/soros-calls-financial-crisis-worst-since-great-depression-sees/http://www.bloggingstocks.com/2008/04/03/soros-calls-financial-crisis-worst-since-great-depression-sees/http://www.bloggingstocks.com/2008/04/03/soros-calls-financial-crisis-worst-since-great-depression-sees/#commentsFiled under: , ,

Billionaire investor George Soros believes the current financial crisis is the worst since the Great Depression, and said stocks have not bottomed yet, Bloomberg News reported Thursday.

Soros said the most recent market bottom "will probably not prove to be the final bottom," adding that the current stock rebound will last six weeks to three months as the United States moves closer to recession, Bloomberg News reported.

Further, Soros, in an op-editorial column in The Financial Times, argued that the cause of the market's current problems is a flawed premise: the belief that markets are self-correcting and tend toward equilibrium. They aren't and don't, Soros argues, and the laissez-faire policy creates bubbles, including the most-recent housing bubble, which, in turn, when it started to burst, led to the current credit crunch.

Soros cites deregulation

Soros added that the market's current troubles originated in 1980 when U.S. President Ronald Reagan and United Kingdom Prime Minister Margaret Thatcher led a laissez-faire movement that reduced/eliminated regulation of banks and financial markets, the FT reported.

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Soros calls financial crisis worst since Great Depression, sees more market declines originally appeared on BloggingStocks on Thu, 03 Apr 2008 13:04:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>asset backed securitiesbank sectorbankingbond marketcredit crunchcredit marketsdebtderivativesfeaturedfinancial crisisfiscal policyforeclosureshedge fundshousinginternational financial systeminthenewsleveragemonetary policymortgage backed securitiesmortgagesReaganregulationSorosstock marketThatcherThu, 03 Apr 2008 13:04:00 EST<![CDATA[Dollar falls to record low vs euro on Bear Stearns, credit market woes]]>http://www.bloggingstocks.com/2008/03/14/dollar-falls-to-record-low-vs-euro-on-bear-stearns-credit-marke/http://www.bloggingstocks.com/2008/03/14/dollar-falls-to-record-low-vs-euro-on-bear-stearns-credit-marke/http://www.bloggingstocks.com/2008/03/14/dollar-falls-to-record-low-vs-euro-on-bear-stearns-credit-marke/#commentsFiled under: ,

The dollar fell to a yet another record-low against the euro Friday and plunged against the world's other major currencies, as investors shunned U.S. investments ahead of an almost-certain U.S. recession, with likely further interest rate reductions from the U.S. Federal Reserve.

Friday's trigger event for selling was The Bear Stearns Companies, Inc. (NYSE: BSC) stunning announcement that -- less than 10 days after senior management officials called liquidity-crunch rumors 'absolutely ridiculous' -- it had accepted a 28-day, emergency, secured loan from the U.S. Federal Reserve via JP Morgan Chase & Co. (NYSE: JPM).

The Fed said in a statement that it will ``continue to provide liquidity as necessary to promote the orderly functioning of the financial system,'' repeating reassurances Federal Reserve Chairman Ben Bernanke has made often since credit problems first surfaced in August 2007. The Fed did not state how large their loan is to Bear Stearns.

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Dollar falls to record low vs euro on Bear Stearns, credit market woes originally appeared on BloggingStocks on Fri, 14 Mar 2008 17:53:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bank of EnglandBank of JapanBear StearnsBOJbond marketBritish poundBSCcredit crunchcredit marketsdollarECBeuroEuropean Central BankexportsFedglobal financial systemimportsinterest ratesinternational financial systeminthenewsJP Morgan ChaseJPMliquiditymonetary policySwiss francSwiss National BankTerm Securities Lending FacilitytradeU.S. Federal ReserveyenFri, 14 Mar 2008 17:53:00 EST