Thursday, July 31, 2008

more economic troubles.



BROOKLYN BRIDGE FOR SALE?

States Face Looming Budget Deficits...

SHELL reports 33% rise in profit...

EXXONMOBIL: $11,700,000,000.00

Apocalypse Down-under:

By Mike Whitney

Aussie bank's write-offs signal doom for Wall Street. Continue


Study: China Trade Deficit Cost U.S. Millions Of Jobs: China's soaring trade deficit with the U.S. cost Americans 2.3 million jobs and $19.4 billion in lost wages between 2001 and 2007, according to an Economic Policy Institute study released Wednesday.

U.S. inflation to be 6 % by 2009: CIBC: He said the U.S. Federal Reserve will have to raise interest rates 200 basis points by the end of 2009 as a result.

America's house price time bomb: With the American housing market in its worst crisis since the Great Depression of the 1930s, President Bush is authorising new legislation to pave the way for massive new government intervention designed to slow the slide.

Property economist warns of 25-year slump: Bearish analyst Capital Economics said house prices would fall 35% over the next three years and provided the market was stabile, prices would not reach 2007 levels until 2036.

Consumer confidence plunges near historical low: ABC: American consumers' confidence plummeted in the latest week, with only 10 percent of respondents in a recent poll having a positive view on the economic outlook, a report showed on Tuesday.

A Devil's Dictionary Of Finance

US Restaurant Chains Close As Diners Cut Spending

Suicide Spreading As One Solution To Debt Crisis

Beginning Of A New Era Or End Of The Beginning

Credit Crisis May Force Italy To Ditch Euro

UK Report Predicts 3 Yr Mortgage Paralysis

Australia Faces Even Worse Crisis Than US

UK Homeowners Told To 'Act Responsibly' By Bankster!

NY Governor Warns Of State Economic Crisis

America's House Price Time Bom

US Treasury Billls Worse Than US Dollar?

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