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Before we launch in today’s instalment of the Daily Reckoning, let us quickly correct an error. Sunday is the free Gold Investment Day for the Gold Standard Institute’s conference this weekend in Canberra. You can see the program for it here . That’s the day your editor will be speaking about “Five monetary events to watch for in the next five years.” If you want to attend the presentations and discussions over the next four days, you can still do so. But you should contact conference organis

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Random Feed wrote an interesting post today on
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Sensex, Shanghai, Seoul, Sydney book losses as Nikkei, Hang Seng accompanies themStock markets in Asian region tumbled on Tuesday, 27 October 2009, witnessing broad-based selling on concerns the recent rally in global equities has outpaced the outlook for earnings and the global economy. Energy and metal stocks bore the brunt of the selling pressure hurt by weakening commodity prices. Exporters came under selling pressure on fears U.S. lawmakers may let a federal homebuyer tax credit expire. Fin

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Random Feed wrote an interesting post today on
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Huntington Bancshares Incorporated ( HBAN ) reported third quarter 2009 net loss applicable to common shareholders of $166.2 million or 33 cents per share, compared to a net loss of $125.1 million or 40 cents per share in the prior quarter and a net income of $75.1 million or 17 cents per share in the prior-year quarter. Results were short of the Zacks Consensus Estimated loss of 28 cents. Higher losses were attributable to $475.1 million in provisions for credit loss expense and higher share

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Random Feed wrote an interesting post today on
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When it come to home ownership, condo prices are the last to rise and the first to go down. Given the glut of condos and unfinished condos in the bubble areas, the following article should not be surprising. Please consider Experts: Plummeting prices have rendered condos nearly worthless by the Arizona Republic. New federal loan-guarantee rules imposed to fend off future government losses from plummeting condominium prices have rendered condos utterly worthless, Valley real-estate experts sa

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Random Feed wrote an interesting post today on
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Just a year ago, many of the nation’s biggest banks were in such bad shape that their losses threatened to topple the financial system.Today, by all appearances, their vast problems seem to be easing: a seven-month rally in financial stocks has driven the shares of Citigroup and other troubled behemoths up sharply. And the economy has shown modest improvement, slowing losses that only recently threatened the survival of some big banks, The New York Times’s Eric Dash writes.As banks prepare to re

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