Further Sightings Of Bears

Monday’s Reading

Advisor to Gordon Brown claims housing market will not pick up again until 2015.

Dow Jones has its worst June since The Great Depression.

Lawrence Summers asks what can be done during this ‘most dangerous moment’.

Iron ore prices are set to nearly double as Rio Tinto Group sign agreement with Baosteel Group.

France Telecom abandon $42 billion bid for Nordic company Teliasonera.

Shares that are illiquid and rarely traded are the ‘roses among the wallflowers’

Central bank independance will come to an end…sooner than we realise.

Merrill Lynch, UBS and Goldman Sachs show ‘need to throw good money after bad’ 

Will Bear Stearns face more indictments after new charges are believed to be brought against them?

Bear Stearns aren’t the only ones in trouble as law suits have been filed against UBS, Merrill Lynch and One Source in the previous six months.

Young hedge fund managers are more dangerous than their elders due to risky behaviour being ‘rewarded in a bubble’.

An unopened copy of “Greed and Glory on Wall Street: The Fall of the House of Lehman”, regarding bank Lehman Brothers, is being sold on amazon.com for over $400.

Who benefitted and who was left worse off at the end of last week.

Story Of The Day

‘Family Guy’ creator Seth MacFarlane has completed an agreement with Google to create a new animation that will be released exclusively on the web.

As a ‘Family Guy’ fanatic this was quite exciting for me, especially since i don’t have the means to view Fox. The question is whether web exclusives will destroy televison networks or give the TV stations more of an incentive to attract the best programs to them. Frankly, as long as there are talking cartoon dogs and egomaniacal, psychopath babies somewhere in this world…Enough said.