godoftrading / Profile

Banking crisis undermines Britain's reputation as a safe place to hold funds A silent $1 trillion "Run on Britain" by foreign investors was revealed yesterday in the latest statistical releases from the Bank of England. The external liabilities of

May 28 (Bloomberg) -- Negotiators in Berlin working through the night failed to finalize the rescue of General Motors Corp.’s Opel unit after the U.S. automaker demanded an extra 300 million euros ($415 million) in cash. The talks at German

Fed Economists Say Household Debt Reduction May Slow Recovery - Bloomberg.com By Vivien Lou Chen May 18 (Bloomberg) -- The need to boost savings and reduce debt may lead to “a substantial” slowdown in consumer spending or a jump in bank

Credit Card Industry Aims to Profit From Sterling Payers by Andrew Martin Tuesday, May 19, 2009 The New York Times Credit cards have long been a very good deal for people who pay their bills on time and in full. Even as card companies imposed

Time To Make The Federal Reserve Accountable For Its Actions Zero Hedge: Time To Make The Federal Reserve Accountable For Its Actions And so it begins. Rep. Alan Grayson has distributed the letter below to all Democrats in the House and will use it

LONDON -- Global banking giant HSBC Holdings PLC offered a downbeat outlook for the U.S. mortgage market, saying a slight improvement in the pace of souring loans isn't likely to last. HSBC, which was among the first banks to signal the

https://www.mql5.com/go?link=http://www.nytimes.com/2009/05/10/opinion/10sun2.html?_r=1 EDITORIAL The Credit Card Squeeze SIGN IN TO E-MAIL PRINT SHARE Published: May 9, 2009 At a time when everyone is talking about troubled banks, Congress can

The Federal Reserve Can Not Account For $9 Trillion In Off-Balance Sheet Transactions This video is a must watch for anyone who wants to understand just how "effective" the Fed is at safeguarding taxpayer money. Apparently nobody at the Federal

May 15 (Bloomberg) -- The German economy, Europe’s largest, contracted the most in at least four decades in the first quarter after the global financial crisis curbed export demand and investment. Gross domestic product dropped a seasonally

May 18 (Bloomberg) -- India benchmark stock index posted a record gain, prompting exchanges to halt trading for the rest of the day, after Prime Minister Manmohan Singh’s election victory. The rupee jumped the most in two decades and bonds

CA Governor Schwarzenegger Looks to Illegal Drugs for Tax Revenue May 07, 2009 by Sylvia Cochran Call it Grass, Weed, Pot, Mary Jane, Dope, or Bud; It's a Leaf and Looks Good to the Governator for Revenue Generation. The California budget crisis

May 6 (Bloomberg) -- Goldman Sachs Group Inc. reaped more than $100 million in trading revenue on a record 34 separate days during the first three months of 2009, up from the previous peak of 28 in last year’s first quarter. For December, there

May 4 (Bloomberg) -- The European Commission cut its forecast for the euro-area economy to show a contraction twice as deep as it projected just three months ago, and said the region’s deficit will swell to more than double the European Union

Payment on Sonic debt coming due $105.3 million is scheduled to be paid on Thursday by the auto-dealer chain. --- Sonic Automotive, one of the nation's largest auto dealers, faces a credit deadline and a big debt payment this week as it tries to

By MANNY FERNANDEZ Published: May 4, 2009 A registered nurse came close to losing her $1,550-a-month apartment on the Upper East Side after being let go from two jobs in three months. A woman found herself dipping into a 401(k) to keep her $3,375

LONDON (MarketWatch) -- The Bank of England on Thursday held interest rates at record-low levels at 0.5%, as anticipated, but surprisingly increased its bond purchase program to 125 billion pounds from 75 billion pounds

WASHINGTON (AFP)--The United States risks losing influence to China because it is too slow to deliver aid to needy nations, Secretary of State Hillary Clinton warned Thursday. Speaking to a congressional committee, Clinton cited the example of an

Citigroup Inc., soon to be one-third owned by the U.S. government, is asking the Treasury for permission to pay special bonuses to many key employees, according to people familiar with the matter. The request comes as Citigroup is grappling with

April 30 (Bloomberg) -- Anthony Bolton, president of investments at Fidelity International, said a bull market in equities has already begun and financial shares are poised to drive recent gains higher. Low valuations indicate advances that began in

CADDO PARISH, La. -- A massive natural-gas discovery here in northern Louisiana heralds a big shift in the nation's energy landscape. After an era of declining production, the U.S. is now swimming in natural gas. Even conservative estimates suggest