Wednesday, August 13, 2008

More economic issues

PUMP: Fed auctions another $25 billion in loans...

Third of New Homeowners Owe More -- Than Houses Are Worth...

Banks' Subprime Losses Exceed $500 Billion...

Biggest drop in U.S. oil demand in 26 years...

Oil steady on dollar, Georgia conflict...

Gas more affordable than it was during early '60s?


If OPEC Dumps the Dollar: OPEC members formed a working group to study the dollar’s effect on oil prices and to "investigate the possibility of a currency basket" as a means of offsetting declining dollar-based reserves.

The next wave of mortgage defaults: More borrowers with good credit are defaulting on their home loans, and that's going to make it even harder for the staggering housing market to recover.

US central bank auctions funds: The move marks the Reserve's latest attempt to shore up the nation's struggling banking system, as the fallout from the US's mortgage crisis continues.

Foreign Investors Weary Of US Junk Paper

UBS Writes Down Another $10 Billion

UK Inflation Surges To 15 Year High

UK House Sales Closer To Floor

UK Mortgage Lending Falls 32%

Wachovia To Close Mortgage Offices In 19 States

Insiders Knew Bear Shares Would Crash

Foreigners Ready to Scoop Up US Foreclosures

China To Pass US Manufacturing Next Year

Opec Income Hits Record As Oil Prices Soar

Russian Stock Market Hits 2 Yr Low

UK Loses $1.2 Trillion In Credit Crisis

Fannie Fears For Its Future After $2.3B Loss

Bid To Plant GM Trees In UK

BAE In New $40 Billion Saudi Arms Deal

UK Economy 'Worse Than Thought'

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