Thursday, August 21, 2008

More economic issues

Healthcare and Bankruptcy

Harvard Law Professor Elizabeth Warren discussing the statistical links between health care and bankruptcy.

6 Minute Video

75% of the families who ended up in bankruptcy in the aftermath of a serious medical problem had health insurance at the onset of the illness. Continue

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.

World Markets Fall Sharply Amid More Fears

Goldman Sachs Wants To Cannibalize Citigroup

US Factory Prices Rise Fastest In 27 years

US Money Supply And Bond Market Black Hole

US M3 Points To Deflation

Stagflation A Weapon Of Mass Wealth Destruction

Germany Acts To Halt Sovereign Wealth Funds

German Goods Rise Fastest Since 1974

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


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