Monday, October 27, 2008

More economic issues

ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC...


COMPANIES START COMPETING FOR BAILOUT CASH...

'Out of Control' CEOs Spurned Davos Warnings on Risk...

Wall Street workers leaving NYC for fresh start...

Oil falls to $63 as investors eye falling demand...

Down For The Count

"The whole system is contracting"

By Mike Whitney

The US Treasury and Federal Reserve are now underwriting the entire financial system. The free market has been abandoned altogether. Everything from commercial paper to money markets is now backed by the "full faith and credit of the United States". Continue


Meet the World's New Reserve Currency

The Chinese Yuan

By Mike Whitney

Things are getting worse. On Friday morning, futures trading was halted for the first time ever after futures plunged more than 5 percent. The sell-off came after another 500-plus down day on the Dow followed by steep declines in equities markets across Europe and Asia. Continue


The Grand Merger!

By Rev. Richard Skaff

Lawlessness in government has become the rule of the land. Loyalty to the party superseded the loyalty to the country, which is a déjà vu phenomenon in the archives of fascism. The stench of our political sewage system has contaminated our nation and the world. Mendacity became truth, and manipulation became intelligence and virtue. Continue

Signs of slowdown spiral around the world: $16.3 trillion in stock value lost since Sept. 1; some brokers fear more drops

Wall Street's 'Disaster Capitalism for Dummies'

14 reasons Main Street loses big while Wall Street sabotages democracy

By Paul B. Farrell

Yes, we're dummies. You. Me. All 300 million of us. Clueless. We should be ashamed. We're obsessed about the slogans and rituals of "democracy," distracted by the campaign, polls, debates, rhetoric, half-truths and outright lies. McCain? Obama? Sorry to pop your bubble folks, but it no longer matters who's president. Continue


Maybe U.S. Needs Yard Sale

By Eric Margolis

Russia could buy back Alaska or perhaps Canada could pick up sunny Florida. Continue

Nikkei Dives 6% To 26 Year Low To Start Week

G7 Not Happy Over Yen's Rise Vs Dollar, Euro

US Dollar Currency Collapse Within 30 Days

Argentina And The US Dollar's Fate

WS Workers Bailing Out Of NYC For Fresh Starts

US Biggest Chicken Producer Facing Big Trouble

US Biggest Chicken Producer Facing Big Trouble

Gold Stocks Were Financial Saviors In 1930s

1929 & 2007 Bear Market Race To The Bottom

The World After The 2008 Presidential Election

How The PPT Killed Capitalism

Roubini - The Worst Is Yet To Come

Don't Expect China To Save West

America Joins UK On Brink Of Recession

Banks Exploit Legal Loopholes To Seize Homes

Whole System Going Down For The Count

What Bernanke And Hank Aren't telling You

Taiwan Dumps Fannie, Freddie



May Fall to $40s...

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