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ExxonMobil is a small fish compared to the national oil companies in Russia, Saudi etc Hell, even Petrochina is bigger than Exxon. I suggest you get some perspective, you would realize that exxon has virtually no control over the market price for Gasoline and crude oil.

Bernanke seems to be in such a rush to print dollars, like jim rogers said, "Bernanke is going to print dollars until we run out of trees". 125bp cut in a little over a week. Unreal, considering no other major central banks have cut rates and inflation is not exactly dormant. Anybody that...

Durable goods posted a 5.2% surge, versus expectations for only 1.6%. Foreign demand was very strong and excluding aircraft orders it was still a strong reading. Being the last major econ data release before the Fed meeting tomorrow I wonder how this will impact tomorrows rate decision...

Great Article Beaker, most of the articles I read tend to be US focused, so that was great. One question I have, I know repo agreements are relatively short term, but what happens if mortgage securities the ECB accepted as collateral defaults? Are the banks obliged by law to cover the default?

So let me get this straight, SocGen discovered the rogue trades last sunday according to this arcticle: http://www.lemonde.fr/economie/article/2008/01/24/la-banque-de-france-ouvre-une-enquete-sur-une-fraude-massive-a-la-societe-generale_1002943_3234.html#ens_id=975400 I presume first thing...

Semi-interesting super bear article: http://www.ft.com/cms/s/0/24f73610-c91e-11dc-9807-000077b07658.html

ECB has only a single mandate required by treaty: Keep inflation below a target of 2% The fed has duel mandates of price stability (with no explicit target) and employment growth. At the moment Eurozone inflation is above the target, hence the strong words of Trichet. All you little...

Just heard it on Bloomberg, fed futures are expecting another 50bp cut at next weeks fed meeting, unbelievable.. never seen it like this

If you don't think it's funny, then so be it.. but geez you're like a nagging women...

LOL :D :D I haven't laughed that hard in a long time, god i hope that's real

he must have meant the hang seng which dropped the most since 9/11

what the hell are you talking about

Probably been posted before but there's an interesting article in todays wsj on John Paulson's $3 billion to $4 billion personal windfall in 2007, believed to be the largest in wall street history, and probably corporate history as well I imagine. "George Soros invited Mr. Paulson to lunch...

WSJ reporting $22 billion in write-downs and consumer credit losses

Logs don't work though

All of western europe has a higher DEBT/GDP ratio, higher annual fiscal deficits in 2006 and higher future entitlement costs such as healthcare and pensions than the usa.

BOOOOOO hurry up and fix the problem

dollar is having a heart attack, he can pump all wants but if the dollar keeps falling it's nothing but zimbabwean growth (thanks stu :) )

FT is european focused, WSJ has much better american coverage.

the market wasn't even open yet :p more like have to hold it in until the weekend