Money & Markets – Week of 8.18.08

Eat the Rich: Investment Banks Can’t Afford to Bail Out Wealthy Clients
By Heidi N. Moore – Wall Street Journal (22 Aug 2008)

A Few Speculators Dominate Vast Market for Oil Trading
By David Cho – Washington Post (21 Aug 2008)

Pennsylvania School Repays JPMorgan Sevenfold in Bet
By William Selway – Bloomberg.com (21 Aug 2008)














Boom and Bust
Markets become unstable when traders follow the herd

Lehman’s Secret Talks to Sell 50% Stake Stall
By Henny Sender & Francesco Guerrera – Financial Times (21 Aug 2008)

Bank Borrowing From ECB is Out of Control
By Ambrose Evans-Pritchard – London Telegraph (21 Aug 2008)

U.S. Food Prices Seen Rising Most Since 1990
By Christopher Doering – Reuters (20 Aug 2008)

The Great American Yard Sale
By Jeff Israel & William Boston – Time Magazine (14 Aug 2008)

Sharp Contraction in Money Supply Points to Wall Street Crunch
By Ambrose Evans-Pritchard – London Telegraph (19 Apr 2008)

Soros Buy Puts Shine on Lehman Shares
By Greg Morcroft – MarketWatch (15 Aug 2008)

The Race to The Bottom Has Begun
By Ambrose Evans-Pritchard – London Telegraph (18 Aug 2008)

Goldman Reverses Course, Says Dollar Has ‘Bottomed’
By Ye Zie – Bloomberg.com (14 Aug 2008)

The Great Variety of Poor Rich People
By Richard Daughty – The Daily Reckoning (14 Aug 2008)

Better Mexican Economy Has Immigrants Returning in Droves
A Video at Breitbart.tv

European Central Bank Intervention is Out in The Open
By Jim Sinclair – JSMineset.com (13 Aug 2008)

Halliburton’s Hidden Treuhand
By Shelley Stark – truthout.org (11 Aug 2008)

Wall Street Losses Cut Tax Bill, Sap New York Revenue
By Henry Goldman & David Mildenberg – Bloomberg.com (12 Aug 2008)

Most Companies in U.S. Avoid Federal Income Taxes
By Jennifer C. Kerr – Associated Press (12 Aug 2008)

Fed Holds First Auction For 84-day Loans
By Martin Crutsinger – Associated Press (14 Aug 2008)

Britain Falls Into Negative Real Interest Rates
By Edmund Conway – London Telegraph (12 Aug 2008)