Posted by Jeflin on July 28, 2008
Last week, energy trader SemGroup LP (the 12th-largest private U.S. company) filed for bankruptcy after sustaining $3.2 billion in losses on energy futures and derivatives trades.
In another case, the Commodity Futures Trading Commission (CFTC) filed civil charges against Optiver.
Read more of the article here.
Posted in Economy, Hedge Funds, Oil, Stock Volume | Tagged: Business, Commodity Futures Trading Commission, Hedge Funds, hedgers, Oil, Optiver, Republicans, Semgroup, Senate, speculation, trading | Leave a Comment »
Posted by Jeflin on July 9, 2008
Yesterday, we enjoyed a joke about Alan Greenspan but I am going to adopt a more serious tone in this post.
My esteemed impression of Alan Greenspan, who once had the world cavorting and clinging on to his every word, took a dip after reading this book, “Greenspan’s Fraud: How Two Decades of His Policies Have Undermined the Global Economy.” The truth is disturbingly harsh.
Read the full article at http://jeflin.net
Posted in Banking, Economy, Inflation, Stock Volume | Tagged: Alan Greenspan, America, economic mess, Economy, Federal Reserve, minimum wages, Social Security, unemployment | 1 Comment »
Posted by Jeflin on May 18, 2008
The sleepy town of Punggol is poised for an exciting makeover. Despite efforts by planning authorities, Punggol remain an unpopular choice among HDB buyers but all that may change within the next two to three years.
A new shopping mall as large as Junction 8, in the town centre, will be constructed. The site will be used for a mixed commercial and private residential development.
Read the full article here.
Posted in Properties, Stock Volume | Tagged: Build to Order, HDB, Properties, Punggol, shopping mall, Singapore, waterfront town | Leave a Comment »
