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![]() Jose Roncal - ArticlesJose Roncal is co-author of "The Big Gamble: Are You Investing or Speculating" which Donald Trump endorsed as "a great read". Many of the author's articles related to finance and the global economic crisis can be found at financialspeculation.com
Learning from LebanonToday's news is still filled with grim financial statistics from all around the globe. Yet there is one headline that hasn't gotten much attention: Beirut is Booming! Caffeine Fix for Market JittersSeems like there's no end to the indigestion-inducing economic news. Recently I woke up to the news that the S&P/Case-Shiller Home Price index had fallen by 17.4 percent from a year earlier. Even worse, was the indication that things were accelerating—with home prices having decreased 1.8% in September from prior months. This is the biggest drop since the Shiller index first started reporting. The Coming Credit Card Debt MeltdownAll over the world, people are keeping fingers crossed that the $700 billion financial system bailout works the way it is supposed to and eases the worsening global credit crunch and restores confidence in the markets. But while the government has been focusing its attention on worldwide fallout from the mortgage debacle and the Wall Street greed, another storm is gathering on the horizon. Booms, Busts and Herd MentalityWall Street, the housing market and the whole economy have all gone from boom to bust. The global economic meltdown is a stark reminder of how giant bubbles tend to over-inflate until they reach critical mass and inevitably dash our hopes and dreams—dreams of comfortable retirements, steady incomes, education for the kids and even roofs over our heads. Looking Ahead to Q1 of 2009We've all heard the old adage, "it's always darkest before the dawn." But exactly when can we expect things to lighten up? There's so much paranoia and mistrust with a stock market in the tank and so many businesses already filing, or preparing to file, for bankruptcy, that while peering into the darkness, we see less than promising news for the first quarter of 2009. The End of a Tumultuous YearAs we start the New Year, it's time to glance in the rear view mirror and rejoice that 2008 is behind us. It was a tumultuous year during which nearly every aspect of the global economy took a beating—from stocks and bonds to every other financial instrument on the major indexes. Hardly any industries or businesses were spared. Investment Banking and the Future of Wall StreetThe current economic meltdown has changed the face of Wall Street, possibly forever. For decades the energy in the market had been fueled by high-rolling investment bankers, but look what's happened in the last eight months. Lehman Brothers went bankrupt. Bear Stearns was snapped up by JPMorgan Chase, and Goldman Sachs and Morgan Stanley had to convert to bank holding companies just to stay in business. Treasuries: the Next Bubble?We've survived the tech bubble and the housing bubble, but are we headed for something more catastrophic than either of those? Some experts are beginning to fear the worst. There is so much money shifting into Treasuries, it can't last forever and now some fear the Treasury market is venturing into bubble territory.
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