Saturday, August 16, 2008

more economic troubles.

Surge for the dollar as global fears rise...

Oil Nears $113...

ECB slammed as Europe crumbles: The economies of Germany, France and Italy all contracted in the first quarter and may now be in full recession, shattering assumptions that Europe would prove able to shrug off the effects of the credit crunch.

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years: Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today. Accountants say that the move, which is set to spark anger among ordinary taxpayers, is legal but unusual.

US Inflation Hits 17 Yr High - Foreclosures Up 55%

Western Oil Demand Set For Biggest Fall In 25 Yrs

Spain's Economy Collapses

UK Home Repos Up 24%

Gold Fell In Dollars, Not In Euros And Pounds

Global Oil, Food And Water - Economic Tipping Points

Big Changes As Global Economy Heads For Recession

How To Conceal Massive Economic Collapse

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