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Then There was Citi
Nov. 24 (Bloomberg) — "Citigroup Inc. received a U.S. government rescue package that shields the bank from losses on toxic assets and injects $20 billion of capital, bolstering the stock after its 60 percent plunge last week."
Although it was an inevitability, we can officially add Citigroup Inc. to the list of failed and bailed corporation.
The government will use $20 billion of the TARP funds to buy preferred stocks. The U.S. (taxpayer) and FDIC will put a guarantee on $306 billion in assets. In exchange for the $306 billion parachute. Citi will incrementally issue $7 billion in preferred stock to the…
25Nov2008 | Oxbury Research | 0 comments | ContinuedHow to Survive Stagflation – With a Profit in Your Pocket
Increasingly in recent weeks commentators have begun speculating about the dreaded “S-wordâ€- stagflation- and whether or not such a protracted period featuring both high prices and high unemployment would blight the U.S. economy.
The stagflation debate arose anew on Friday when a worse-than-expected employment report and a record single-day surge in crude oil prices made economists once again consider the possibility that the U.S. economy could drop into a recession even as inflationary pressures spiraled higher.
For economists, this is viewed as the ultimate “worst-case†scenario. The probability is probably low. Nevertheless, it’s a real-enough possibility that investors should prepare for…
10Jun2008 | Money Morning | 1 comment | Continued
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