Brian Williams on Letterman About the Recent Crash
Here is the video that Mohan garu mentioned on MMGL
Europe
Now Spreading: Oil Spill in the Gulf and European Contagion
In 1997 the Asian debt crisis was termed by the western media as “Asian Contagion.” The implication being – it is some sort of a…
BBC Report: Is Euro Crumbling?
The problems in Greece have exposed structural problems associated with Euro as a currency. Several parallels are drawn between Greece and Bear Sterns: Greece problems…
BBC Report: ABCs of Greece Economic Problems
As I have alerted earlier on this blog that the epicenter of a new financial storm is currently centered in PIIGS countries – specifically, Greece….
El-Erian: Mind the Gap
Few people with vested interest in financial markets openly say things that are worth listening to. Mr. Mohamad El-Erian of Pimco is one of the…
Greek in Plain English: To Bailout or Not to Bailout
In the next few weeks we will be hearing a lot about sovereign debt crisis for Greece. Debt crisis is derivatives crisis. Derivatives are Greek…
Fake Reporter Illustrates How Real News is Done
If you watched news in US for a long time, you probably have an idea when Tom Brokaw or Dan Rather tossed to the reported…
Goldman, AIG and NY Fed Hearings Preview
It has been widely reported that Goldman Sachs got a sweet-heart deal from the bailout arm of the US Treasury, courtesy the then Treasury Secretary…
Full Body Scanners at Heathrow
Get ready to embrace being embarrassed more at airports. This news is via Financial Times (FT)