|
|
|
July 21, 2008 |
The global economy is at the point of maximum danger
Int'l Herald Tribune
t feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution. |
|
July 20, 2008 |
Paulson braces public for months of tough times
CNNMoney
Treasury Secretary Henry Paulson sought to reassure an anxious public Sunday that the banking system is sound, while also bracing people for more troubled times ahead.
|
|
July 18, 2008 |
Oil prices tumble in biggest weekly drop ever
Breitbnart.com
A stunning sell-off dragged oil prices to their biggest weekly drop ever and gas prices at the pump slipped by the more than they have at any point since February, giving consumers a rare breather in a year of record fuel prices. |
|
July 18, 2008 |
Corn loses 11% in week, erasing June gains
MarketWatch
Corn futures for December delivery fell 21 cents, or 3.2%, to end at $6.29 a bushel on the Chicago Board of Trade, the lowest since May 30, when heavy rains started inundating cornfields in the Midwest. Futures have dropped 11.4% this week. |
|
July 17, 2008 |
The next big wave is breaking
Asia Times
the financial tsunami that began in August 2007 in the relatively small "subprime" high-risk mortgage securitization market, far from being over, is only gathering momentum. |
|
July 17, 2008 |
Qatar becomes Barclays’ biggest shareholder
Financial Times
The Qatar Investment Authority has become Barclays’ largest investor after less than a fifth of the bank’s existing shareholders participated in its £4.5bn capital-raising issue. |
|
July 17, 2008 |
In financial desert, a veritable oasis in Dubai
Int'l Herald Tribune
Bathed in the glow of the skyline's glitter, the centerpiece of Dubai's financial hub seems equal to the thrusting ambitions of the foreign investment bankers rushing to set up shop here. |
|
July 15, 2008 |
EU Recession looms as Spain crumbles
Telegraph (UK)
The eurozone is tipping into a deeper downturn than America itself despite the tremors in the US mortgage industry, and may already be in full recession for the first time since the launch of the single currency. |
|
July 15, 2008 |
Fannie, Freddie Drop on Waning Confidence in Treasury Support
Bloomberg
Fannie Mae and Freddie Mac fell as stockholders lost confidence in the Treasury's plan to support the biggest U.S. mortgage-finance companies. |
|
July 15, 2008 |
Dollar Falls to Record Versus Euro
Bloomberg
The dollar declined to a record low against the euro on speculation Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson will say credit- market losses are hurting U.S. economic growth. |
|
|
|
