Currency Controls Return as Central Banks Fight Gains: Central banks from Bogota to Mumbai are imposing foreign-exchange curbs to take control of their soaring currencies from traders dumping the dollar.
Talk of Worst Recession Since the 1930s: A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic
Subprime Losses May Reach $400 Billion, Analysts Say: Losses from the falling value of subprime mortgage assets may reach $300 billion to $400 billion worldwide, Deutsche Bank AG analysts said.
Homeownership: The Fast Path to Poverty: In the last three years, the decline in homeownership among African Americans has destroyed almost half the gains in the decade from 1994 to 2004.
No comments:
Post a Comment