Finance Roundtable

Finance Roundtable

The market forecasters and personal finance blogs complement the Economics Roundtable.

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July 2, 2009, 5:15 pm, 520612

Nymex crude for August delivery fell $2.43 per barrel this week, or 3.51% to $66.73.

Down for the third consecutive week. Biggest weekly percentage decline since week ended May 15. Today, it is down $2.58, or 3.72%.

Nymex natural gas for August delivery fell 49.0 cents per million BTUs this week, or ...


July 2, 2009, 5:15 pm, 520611
WSJ.com

The dour payrolls report drove down markets sharply. All the S&P 500’s sectors fell, with the energy, consumer-discretionary, and financial sectors posting the sharpest losses, ...


July 2, 2009, 5:15 pm, 520610

Wall Street is bouncing back thanks to growth in its bread-and-butter businesses such as fixed-income trading. And what does that mean? That lofty pay packages may be set for a comeback as well. As The Wall Street Journal reports:

Based on analysts’ earnings forecasts for 2009, Goldman Sachs Group Inc. ...


July 2, 2009, 5:15 pm, 520609

The early take on the FDIC’s proposed guidelines for buying failed banks is that they are much stricter than some had expected. In the few hours since they were released Thursday, billionaire Wilbur Ross has already called the guidelines “harsh and discriminatory.”

Here are three likely sticking points for ...


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July 2, 2009, 3:15 pm, 520521

After being dropped from the Dow Jones Industrial Average, yanked from the S&P 500-stock index and delisted from the NYSE after General Motors filed for bankruptcy protections, it’s hard to imagine what other dissing shares of the troubled auto icon could undergo.

Well, yesterday there was another, as the company’s ...


July 2, 2009, 3:15 pm, 520520

The second quarter brought record revenue to Wall Street.

Equity underwriting surged. High-yield bond issuance jumped. Even the IPO market showed signs of life after months of being on life support. But the mergers-and-acquisitions advisory business? Not so much. And few deal makers are ready to say the cycle has bottomed ...


July 2, 2009, 3:14 pm, 520519
Big money does not equate with being rich.
I would say fiat money systems have not improved in the last 100 years. Hyperinflation always has the same face.


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July 2, 2009, 3:13 pm, 520458
Newsweek recently ran a profile of Paul Wilmott, one of the biggest names in the "quant" world. Here are the opening paragraphs

Imagine an aeronautics engineer designing a state-of-the-art jumbo jet. In order for it to fly, the engineer has to rely on the same aerodynamics equation devised by ...


July 2, 2009, 3:13 pm, 520457
Shortly after 2 today, Financial Rounds had its 250,000th visitor. Man - I never imagined there were so many people out there with Internet connections and this much free time on their hands.

In all seriousness, thanks for reading. I'm humbled.


July 2, 2009, 1:15 pm, 520422

There’s been some chatter in the market this week about whether a bank may be in trouble. The source of the concern is an anomaly in the federal-funds rate, that’s the rate banks charge each other to borrow money overnight.

Banks, however, have some discretion based on the borrowing bank’s collateral ...


July 2, 2009, 1:15 pm, 520420

Nikkei Stock Average, down 63.78 points, or 0.64%, to 9876.15.

Down for the second straight trading day. Down 82.29 points, or 0.83%, over the last two trading days.

Shanghai Composite, up 52.10 points, or 1.73%, to 3060.25.

Up for the second straight trading days. Up 100.89 points, or 3.41%, over the last two ...


July 2, 2009, 1:15 pm, 520421

This morning’s jobs news has the Green Shootists seriously concerned. Some economists had forecast that job losses would continue diminishing, but the reverse occurred.

The rising job losses underscore how difficult the economic situation remains and it’s unsurprising that stocks are retreating in the face of that news. Adding to the ...


July 2, 2009, 1:15 pm, 520419

Enthusiasm for the Public-Private Investment Program ranges somewhere between the thrill someone gets anticipating a trip to the dentist to the anxious waiting for a quarterly report after investing alongside Ron Insana — almost everyone is looking for an alternative.

Today’s Writing on the Wall column tackles the PPIP, ...


July 2, 2009, 1:15 pm, 520418

Poor Morgan Stanley. While rivals Goldman Sachs Group and J.P. Morgan Chase are expected to report sizable second-quarter profits, analysts believe Morgan Stanley will post another loss, according to this article in today’s New York Times.


July 2, 2009, 1:15 pm, 520417

President Obama has taken some hits over his low batting average on making good on campaign promises of making government more transparent. Many regulators in his administration also have been criticized for the lack of transparency in their financial rescue plans.


July 2, 2009, 1:14 pm, 520416
It's summertime and the livin' is... (fill with adjective best describing your situation.) The European Central Bank (ECB) has gone into a wait and see mode, leaving main interest rates unchanged and forecasting a return to mild inflation after Eurostat had issued a 0.1% deflation figure for June. According ...


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July 2, 2009, 1:13 pm, 520355

At a time when so many people are beating the drum about the need for companies to file transparent documents with the Securities and Exchange Commission, General Motors (GMGMQ) deserves credit. Granted, the subject of the press release that ...


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July 2, 2009, 1:13 pm, 520353

Whether due to the economy or the impending regulation enacted within the Credit CARD Act of 2009, credit card companies are taking the opportunity to raise interest rates and minimum payments. This is perhaps an unintended consequence of increasing regulation. These changes affect consumers with manageable debt, but ...


July 2, 2009, 11:15 am, 520302
BLS

Ugh. The June jobs numbers came in pretty ugly. Nonfarm payrolls fell ...


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