Wednesday, August 20, 2008

More economic issues

Oil jumps above $114...

China and Iraq ready to sign $1.2 billion oil deal...

Ex-IMF chief says a large US bank to go under...

Large U.S. Bank Collapse Seen Ahead

By Jan Dahinten

The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday. Continue


Exclusive Interview:

Jim Rogers Predicts Bigger Financial Shocks Loom

Fueling a Malaise That May Last for Years

By Keith Fitz-Gerald

Rogers talked extensively about the ill-advised bailouts of Bear Stearns, Fannie Mae and Freddie Mac, and the potentially ruinous fallout from the financial “Super Crash” that’s about to engulf the U.S. market. Continue


The Greenback Blues:

Something's Gotta Give

By Mike Whitney

Don't be fooled, most paper money is steadily losing value due to the wild expansion of credit which started at the Federal Reserve. Continue

Wholesale inflation surged in July: Prices for past year rising at fastest pace in 27 years

Fannie Mae, Freddie Mac Are Pounded: Share prices of Fannie Mae and Freddie Mac plunged Monday amid growing fears that the two largest providers of funding for U.S. home mortgages won't be able to avoid a government bailout.

Families forced to let homes they cannot sell: The seizure in the housing market is forcing families who cannot sell their properties to let them and move to rented accommodation, a new survey suggests.

Ex-IMF Chief - 'The Worst Is Yet to Come'

'Large' US Bank May Fail Soon

Jim Rogers - Bigger Financial Shocks Ahead

World Markets Brace For Further Hits

Bush's Dirty Little Medicare Secret

Dollar Surge Won't Stop US From Crunch

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

How To Conceal Massive Economic Collapse

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