Thursday, March 20, 2008

More economic issues

American auto industry bracing for 'worst year in decade'...

British authorities try to quell damaging financial rumors...

RISK: Gold tumbles $59; Commodity Slump...

Oil Falls Toward $100 on Waning Demand...

The Fed is just an Extension of the Banking Establishment; The Bear bailout proves it

By Mike Whitney

Direct intervention into supposedly “free markets” is less defensible when it is merely a matter of saving an over-leveraged banking system from its inevitable Day of Reckoning. And, yet, that appears to be the reason for the White House confab. Continue

Venezuela's state-run oil company begins demanding payment in euros as US dollar weakens : Rafael Ramirez said the initiative by Petroleos de Venezuela SA, or PDVSA, to charge euros rather than U.S. dollars was ''advancing,'' but not yet completed.

Numerous Countries Have Recently Dropped The Dollar as Their Reserve Currency : In the past couple of years, the following countries have stopped using the dollar as their reserve currency or have dropped their currency's peg against the dollar:

Federal Reserve slashes US rates : The Federal Reserve has cut US interest rates sharply in an attempt to restore confidence to nervous financial markets and boost the ailing economy.

Housing Construction Declines: In another sign of troubles in the beleaguered housing industry, construction of new homes fell by a larger-than-expected amount last month.

Even experts can't grasp this crisis: Raise your hand if you don't quite understand this whole financial crisis.

Gold In Biggest Drop Since June 2006

Stocks Sink On Commodities Slide

'Dollar Worth Maybe Zero' In Amsterdam

Fannie, Freddie To Pour $200B Into Mortgage Mkt

The Federal Reserve Is Destroying America

Morgan Eats Bear, Now Has $77 Trillion In Derivatives

Billionaire Moves To Stop JP Morgan Bear Takeover

Here Comes Worldwide Currency Debasement

What You're Not Told About The Financial Crisis

Bernanke's Latest Scheme No Remedy

Lenders Stop All But Lowest Risk Loans

UK Mtge, Commercial Banks Devastated By Bear Bust

CNBC: Jim Rogers - 'Abolish Federal Reserve' - Vid

UK Faces Worst Financial Crisis In Decades

Will More Fed Action Be Enough?

Gold Screams Past 1000

Lehman Shares Dive - Lowest Profit Since 2003

Cramer Tries To Dig Out Of Bear Collapse - Vid

Jim Cramer Advised Investors Not To Sell Bear - Vid


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