Tuesday, August 19, 2008

More economic issues

Ex-IMF chief says big US bank to go under...

Oil prices slide close to $111...

Dollar hits six-month Euro High...

The perfect storm leading to a global recession: . Recent developments suggest that all G7 economies are already in recession or close to tipping into one. Other advanced economies or emerging markets (the rest of the eurozone; New Zealand, Iceland, Estonia, Latvia, and some Southeast European economies) are also nearing a recessionary hard landing. When they reach it, there will be a sharp slowdown in the BRICs (Brazil, Russia, India, and China) and other emerging markets.

Morgan Stanley Says Financial Crisis Will Last: Report: "We will likely see more insolvencies among small U.S. regional banks that have focused on mortgage business,"

Lehman Brothers in talks over sale of $40bn real estate assets: Lehman Brothers, the Wall Street investment bank, is understood to be in talks to sell its entire $40 billion (£21.5 billion) real estate portfolio in a move to stem losses incurred during one of the worst property slumps since the Great Depression.

Lehman Bros Portfolio Value Is A Mystery

Endgame Nears For Fannie And Freddie

The Next Wave Of Mortgage Defaults

Chinese Banks Eye US Locations

Four Reasons To Buy Gold Now

Morgan Stanley Says Financial Crisis Will Last

US Mint Suspends Gold Coin Sales

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