50 cents dollar

By John Gapper
Published: March 19 2008 18:33 | Last updated: March 19 2008 18:33
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When the going gets tough, the tough get going. That is the cliché about surviving crises. [...]

WSJ Deal Journal
Are sovereign wealth funds a help to private equity investors, or a growing threat?
In these tight-fisted times, private equity firms have learned to love the rich flows of capital that come through sovereign wealth funds; many SWFs are big investors in private equity funds and have helped drive the fundraising boom of recent years. [...]

Peter Lettman
Everyone knows about the anticipation leading up to Warren Buffett’s annual shareholder letters. But for a certain Wall Street set, there are equally high expectations for the writings of Howard Marks.
Marks is the chairman of Oaktree, the low-profile but powerful L.A-based firm that manages more than $50 billion in alternative investments, mostly in fixed-income [...]

Understanding the Stages
May Save Fall From Cliff,
Afford Chance of Lifetime
March 21, 2008; Page C3
Everyone knows about the anticipation leading up to Warren Buffett’s annual shareholder letters. But for a certain Wall Street set, there are equally high expectations for the writings of Howard Marks.
Mr. Marks is the chairman of Oaktree Capital Management, the low-profile but powerful Los [...]

 
By SCOTT PATTERSON
March 21, 2008
The drama that has gripped financial markets the past few days wouldn’t be complete without a cliffhanger. The one consuming Wall Street these days is this: What killed Bear Stearns?

The investment bank’s collapse might look easily explained: Its lenders fled as rumors swirled that Bear was running short on cash, an [...]

Economics focus

Mar 19th 2008
From The Economist print edition

Illustration by JAC

How to deal with banking crises
THE decline and fall of Bear Stearns illustrates both an old truth and a new one. The old truth is that when cash is scarce, he who has deep pockets is king. Bear Stearns is still standing only because JPMorgan Chase [...]

Derivatives

Mar 19th 2008
From The Economist print edition

When banks cannot trust each other

THERE is a lot to worry about when you deal in the financial markets—whether you have made the right judgment about profits, interest rates or the economy. But life gets even harder if you worry that the bank you trade with is about to [...]

Buttonwood

Mar 19th 2008
From The Economist print edition

Investment havens in a time of panic
IF THE world is going to hell in a handcart, what should you buy? With newspaper headlines dominated by the credit crisis, and with big banking names perceived to be under threat, this is a question all investors need to consider.
Much depends on [...]

The financial system

Mar 19th 2008
From The Economist print edition

AP

In our special briefing, we look at how near Wall Street came to systemic collapse this week—and how the financial system will change as a result. We start with how financiers—and their critics—have laboured under a delusion
“A COMPANY for carrying out an undertaking of great advantage, but [...]

Por: José Celso de Macedo Soares
No nosso arraial “esquerdizante” é bonito atacar o estrangeiro como causador de todos nossos males. Político de certo prestigio não se cansava de repetir a cantilena: a causa de nossos males são as “perdas internacionais”. Difícil é definir o que são “perdas internacionais”. Acho que nem ele sabia.
Para grande [...]