Greece is stuck between a rock and a hard place. Next month it will go to poll – again – to determine who will govern it. The choices are not easy and it is quite likely that the result may be another hung parliament just like the one after the last election on May 6th. Things are not…
Here is the financial crisis of 2007-2008 timeline mapped on the S&P500 chart. Only major events and announcements leading upto endof Sept ’08 are included. After Sept. ’08, Federal Reserve, US Treasury, IMF and major central banks took a number of steps to quell the storm and stabilize the market. Majority of these steps were taken in…
Goldman Sachs had always been the best of the breed of Wall Street investment banks so much so that everybody wanted to be like it. In the aftermath of Lehman Brothers’ bankruptcy, Goldman also got clobbered. It fell from all time high of 250.70 reached on October 31, 2008 to an all time low of 47.41 on…
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