citigroup

Commentary

Weak Retail Sales As Mortgage Crisis Puts Freeze On Consumers

by Charles Feldman | January 16, 2008

It is amazing how what started out as a [tag]subprime mortgage crisis[/tag] has morphed into such an enormous [tag]economic mess[/tag] around the world. On Tuesday alone, the three major U.S. stock indexes went south by more than 2 percent. [tag]Citicorp[/tag], the nation’s largest bank, had to write down $18.1 Billion for loses—loses stemming from the [...]

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Commentary

Mortgage Crisis Punishes Citigroup; Middle East and Singapore To The Rescue?

by Charles Feldman | January 15, 2008

If anyone has any doubt…and they shouldn’t…that the [tag]subprime mortgage[/tag] debacle (sort of running out of ways to describe this…any suggestions?) is having an enormous impact on not only the world of [tag]real estate[/tag], but the world in general, they need to consider this sobering fact: [tag]Citigroup[/tag]

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