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October 06, 2008 |
Panic engulfs global stock markets
Breitbnart.com
World markets suffered massive losses Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis. |
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October 06, 2008 |
"We risk a disintegration of global finance within days"
Telegraph (UK)
We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars. |
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October 06, 2008 |
Commodities R.I.P. as Leverage Vanishes, Growth Slows
Bloomberg
Commodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials. |
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October 06, 2008 |
S&P: most dividend cuts in 50 years
CNNMoney
Dividend cuts in the third quarter took $22.5 billion out of the pockets of investors during what one Standard & Poor's analyst called the worst September for dividends in more than 50 years. |
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October 03, 2008 |
French PM says world 'on edge of abyss'
Reuters
French Prime Minister Francois Fillon said on Friday the world stood on the "edge of the abyss", gripped by a global financial crisis now threatening industry, trade and jobs worldwide. |
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October 02, 2008 |
Credit freeze deepens after Senate bailout vote
Bloomberg
Interest rates on three-month dollar loans rose to the highest since January, short-term corporate borrowing fell by the most ever and high-yield loans tumbled, exacerbating the credit freeze that's paralyzing business around the world. |
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October 01, 2008 |
Foreign sentiment dims about U.S.
Speigel Online
The banking crisis is upending American dominance of the financial markets and world politics. The industrialized countries are sliding into recession, the era of turbo-capitalism is coming to an end and US military might is ebbing. Still, this is no time to gloat. |
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October 01, 2008 |
Why propping up banks will not rescue a debauched financial system
Telegraph (UK)
At last, there were public figures prepared to reject the political and financial blackmail of a debased White House-Wall Street elite. |
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October 01, 2008 |
Wanna bet that US defaults?
Fortune Magazine
What odds would you lay that Uncle Sam is going to be a deadbeat? |
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September 30, 2008 |
Bank lending seizes up worldwide
Int'l Herald Tribune
The cost of borrowing in dollars surged the most on record Tuesday after the U.S. Congress rejected a $700 billion bank rescue plan, heightening concern more institutions will fail. |
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