Tuesday, March 11, 2008

More Dollar problems

How to End the Subprime Crisis

By Paul Craig Roberts

Reforms often do more harm than good. This is currently the case with the “mark-to-market” rule, which is imploding the US financial system by requiring financial institutions to value subprime mortgages at their current market values. Continue


US gasoline price should hit record Tuesday: U.S. average gasoline prices should hit an all-time peak on Tuesday and may break $4 a gallon in some areas this summer

Crude Oil Rises Above $108 to Record as Returns Outpace Stocks : Crude oil rose above $108 a barrel in New York to a record as investors purchased futures because the returns have outpaced those of financial markets

Countrywide Shares Fall After FBI Probe Reports: Countrywide Financial Corp (CFC.N: Quote, Profile, Research) shares fell more than 12.5 percent on Monday following reports it was being investigated by the Federal Bureau of Investigation for possible securities fraud.

Carlyle Capital Could Lose Billions: Private equity firm the Carlyle Group came under renewed pressure to come to the rescue of its beleaguered investment fund, Carlyle Capital, which warned on Monday that creditors could liquidate up to $16 billion of assets.

Dollar Dives As Fed Plans Further Rate Cuts

Buffett, Gross Warn $516T Bubble Imminent

Oil Soars To Near $108 Barrel

Oil Gouge To Last Through 2008 - OPEC

Gold Expected Over $1,000 For Some Time

Gasoline Prices Hit New High - More Coming


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