Stock Market

Monitoring The Sub-Prime Crisis

WO ARTICLES from the Atlantic Monthly bear notice. Here is a strident look at that housing strata may very well be welling up as the next wave of American slums—not the cities, but those isolated suburbs of abandoned McMansions. Then there is this long piece dissecting and analyzing a rather comprehensive set of notions impacting the history of past economic stresses and their continued impact upon the current financial meltdown in How the Crash Will Reshape America: In this sense, the financial crisis may ultimately help New York by reenergizing its creative economy. The extraordinary income gains of investment bankers,...

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The Gears Of Preparedness

ATTLING FEARS OF THE FUTURE? Here's what one fellow says you can do to help ease your mind. Consider the necessities of life—purchase now in bulk, especially storable food. if inflation ensues, it will be worth more tomorrow. if deflation, it may not be available tomorrow due to shortages. If a complete financial breakdown follows, you're already more self-sufficient and can barter for other necessities. If nothing happens, you will have paid off the future now instead of later. Begin buying in your local area now, and keep buying there. Tell your friends what you are doing, and encourage them...


Russia Weathering Market Crisis

OSCOW—As the stock markets in Russia tumbled again Friday and the Kremlin continued struggling to shore up the nation's banks, Maria Isayeva emerged from a subway station near Victory Park and shrugged off the crisis with a laugh. "It only affects the rich people! It doesn't affect us!" declared the 61-year-old retired bus terminal cashier, who seemed amused anyone might think she owned stocks. "We're okay. We're surviving, and we have enough to eat." Isayeva admitted feeling anxious that her children might face hardship in an economic downturn but appeared more concerned about how others in the world were faring....


Japan Considers World Bailout

Not that this generosity would be anything but a stop gap for the ailing American economy, thanks to a dwindling industrial base and our need to tack our economy to production of real goods. OKYO—Kotaro Tamura, an investment banker turned Japanese lawmaker, has an immodest proposal for healing the sick global economy, making all Japanese richer and compelling the United States to be more deferential toward Japan. "We are in a special position because we have huge money," Tamura said, referring to about $950 billion in government foreign reserves, $1.5 trillion in public pension funds and $15 trillion in personal...


Jihad Waltzes To Wall Street

"Sharia finance" does exactly what it promises, financing the spread of sharia—and terror.—Alex Alexiev f you’ve seen Geert Wilders’ film Fitna, you may not have noticed a single headline amongst all the bombings, beheadings, and earnest expressions of Islam’s eventual world domination: Halal-fund: investments for Muslims. But the investment vehicles referenced are an essential part of radical Islam’s efforts to insinuate itself into Western societies in order to destroy them from within. And Wall Street, barely out of the woods from its disastrous run-in with sub-prime mortgages—and having lost one of its historic investment houses, Bear Stearns, in the process—is...