Items Tagged With Eben Esterhuizen

Post-Vacation Blues and the Current Market
Written By: Eben Esterhuizen
2008-07-15 02:42:23

Photo: Petrick2008, Creative Commons, Flickr
Since coming back from my holiday last week I've made a point of walking past the New York Stock Exchange on my way to work. I sat on a bench and looked at the traders as they exited the building after the close, and every now and again I eavesdropped on their conversations.

Something is wrong.

I keep telling myself that it's all going to be OK, I keep telling myself that things are never as bad as the fear mongers proclaim, but I can't shake off the feeling that the situation is about to take a turn for the worse...

Add Comment (0)

Recession Fear and Dollar Loathing in Las Vegas
Written By: Eben Esterhuizen
2008-02-05 23:09:18
Judging by today's selling frenzy on Wall Street, it looks like the market has finally started pricing in a worst case scenario for the U.S. economy. And the time has come to ask some important questions.

Is it safe to say that the recession is finally here? If we are in a recession, how long will it last? Will heavy consumer debt, a growing federal budget gap, and rising prices make this recession worse than Americans have experienced over the past two decades? Will the situation evolve into the worst financial crisis since World War Two (legendary investor George Soros seems to think so)?

Add Comment (1)

Recommended Reading: April 1, 2008
Written By: Eben Esterhuizen
2008-04-01 00:54:40

Just in case you are thinking about buying some beaten up stocks, remember that bear market rallies often delay the day of reckoning.

Here are ten reasons why we should leave the euro/dollar exchange rate alone

According to the survey of the financial services industry by the UK Confederation of British Industry and consultancy PricewaterhouseCoopers, nine out of 10 firms believe the credit squeeze will last at least a further six months, compared with the seven out of 10 recorded in the last quarter.

With some observers saying that the ongoing financial crisis could be the worst since the Great Depression, the greatest living expert on that period is getting the chance to apply its economic lessons.

Don't miss this priceless cartoon by Kevin Kallaugher.

And lastly, check out this interview with her royal highness Patti Smith. Click here to see some of her latest art.