FEAR STALKS THE WORLD ECONOMIES...
DOW SHEDS ANOTHER 400; S&P 500 LOWEST IN 11 YEARS...
CITIGROUP Move Below $5 Could Trigger Major Selling...
Shares sink despite Saudi prince's investment...
Merry, Merry: FANNIE, FREDDIE Suspend Foreclosures Through Holidays...
OIL FALLS BELOW $50...
'SHOW US THE PLAN, WE'LL SHOW YOU THE MONEY'....
FORD, GM: Bankruptcy Filing Not an Option..
Obama stays out of car wars on the Hill...
San Francisco plans to be electric car capital...
Pope Had 'Prophecy' of Market Collapse in 1985...
Treasury Yields Drop to Record Lows as Investors Seek Safety...
This Is Not A Normal Recession
By Mike Whitney
The global economy is being sucked into a black hole and most Americans have no idea why. The whole problem can be narrowed down to two words; "structured finance". Continue
Obama and the Great Depression
By Mickey Z.
No, I don’t mean that Great Depression. I’m talking about the inevitable moment—maybe next week, maybe next year—when the Kool Aid wears off and the Obamatrons wake up to realize their hero offers nothing even approximating hope or change. Continue
US seeks 300 billion dlrs from Gulf states: report: The United States has asked four oil-rich Gulf states for close to 300 billion dollars to help it curb the global financial meltdown, Kuwait's daily Al-Seyassah reported Thursday.
Jobless claims jump unexpectedly to 16-year high: The four-week average of claims, which smooths out fluctuations, was even worse: it rose to 506,500, the highest in more than 25 years.
GM Tumbles to Lowest Since '30s, Ford Falls as Aid Plan Falters: General Motors Corp. fell toward its lowest since the 1930s after U.S. lawmakers deadlocked on an auto-industry bailout, raising the prospect it could run out of cash before a new Congress can come to the rescue next year. Ford Motor Co. tumbled to a 28-year low.
Chinese Automakers may buy GM and Chrysler: Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports
Treasury Yields Drop to Record Lows: Treasury yields declined to record lows, with two-year notes dropping below 1 percent for the first time, as global stocks slumped and a deepening recession drove investors to the safest assets.
Deleveraging Monster Will Only Get Hungrier
US Markets Plunge To 11 Yr Low
Brazil, China Emerge As Models Of Stability
Iran Feels Pain Of Plunging Oil Prices
Gulf States Prepare For Oil Revenue Losses
Fitts - What The G20 Summit REALLY Says
Fannie/Freddie Suspend Foreclosure Sales
End The Fed - End Wall St Bankster Rule
Oil Drops To 3 Yr Lows - Gas Less Than $2
Oil Falls To Near $50 As Fuel Use Dives
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