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Economy

 

Date Link Article
December 26, 2008 Treasuries Walk, Talk Like an Old-Time Bubble: Michael R. Sesit
Bloomberg
Investors are so eager to escape the jaws of the credit crunch that on Dec. 9 they drove the three-month Treasury bill rate to negative territory for the...
December 22, 2008 Archbishop of Canterbury warns recession Britain must learn lessons from Nazi Germany
Telegraph (UK)
Dr Williams called for governments to increase regulation of the financial sector and claimed Karl Marx had been right in his analysis of the dangers of capitalism.
December 22, 2008 Views Diverge on How To Recast Fannie, Freddie
Washington Post
Policymakers are looking to revamp the nation's home loan system next year after the collapse of U.S. housing and mortgage markets spurred the current...
December 22, 2008 US commercial property industry seeks bailout aid
Reuters
A group of trade associations representing the U.S. commercial real estate industry is lobbying to be included in the U.S. Federal Reserve's $200 billion...
December 22, 2008 California controller says state’s running out of cash
Miscellaneous
California State Controller John Chiang said Monday that the state is less than 70 days from running out of cash.
December 21, 2008 World faces "total" financial meltdown: Bank of Spain chief
Breitbnart.com
"The inter-bank (lending) market is not functioning and this is generating vicious cycles: consumers are not consuming, businessmen are not taking on...
December 19, 2008 Germany is already collapsing
Telegraph (UK)
The German economy is on the "brink of the abyss", says the IMK institute in Dusseldorf. The country's GDP could contract by 3.5pc next year.
December 17, 2008 The dead mall problem
CNNMoney
As the recession leaves more retail casualties in its wake, rising store bankruptcies and mall closures could have devastating economic consequences.
December 15, 2008 Bankruptcy filings rise 30% this year
CNNMoney
The government fielded more than 1 million bankruptcy cases in its 2008 fiscal year, but filings remain below 2006 levels.
December 12, 2008 Welcome to debt central
Financial Times
US total debt to GDP is beginning to worry a number of market commentators - even those previously convinced it wasn’t a problem.
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