Down for the Count
Bush's "Ownership Society" Hits The Canvas
By Mike Whitney
There is no way to escape the day of reckoning now facing the financial system; the hundreds of bank failures, the corporate defaults, the meltdown in real estate, the massive loss of jobs, the dreary contraction of credit, the tumbling stock market, and the blow to our national confidence. But there is a way to rebuild. Continue
Colliding Bubbles, US Unemployment, the Credit Crisis and Oil Price Surge
Unemployment Jumps to 5.5%, On Its Way to 6%
By: John Mauldin
The headline number said the US lost 49,000 jobs in May, somewhat fewer than expected. The details were much uglier. Continue
Oil at record near $140 a barrel: The price of crude oil has hit a new high of close to $140 a barrel in New York trade, despite Saudi Arabia agreeing to increase output in July.
Producer Prices Jump - Housing Starts At 1991 Low
UK Inflation Highest In 16 Years
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