Friday, February 29, 2008

More Dollar problems

Oil Surpasses $103 for First Time...

...Euro Keeps on Climbing Against Dollar

Gold Fresh Record...

Bush finds out about $4 gas forecasts: - President Bush, saying he was unaware of predictions of $4-a-gallon gasoline in the coming months, told reporters Thursday that the best way to help Americans fend off high prices is for Congress to make his first-term tax cuts permanent.

Housing bill will 'bail out lenders' - Bush: President reiterates his objection to a proposed change to help homeowners in bankruptcy and the creation of a $4 billion fund to let agencies buy foreclosed homes.

U.S. home sales hit 13 year low: : Sales of new U.S. single-family homes slumped to a 13-year low in January and demand for long-lasting goods declined more than expected, government data showed on Wednesday, fueling fears of a recession.

Economy Slows to Near Crawl: The economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused people and businesses to spend and invest more sparingly.

Merrill Lynch Folds Subprime Mtge Lending Unit

Vallejo CA Close To Bankruptcy Filing

Gold At New High, Silver 27 Yr High On Dollar's Fall

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