The Next Leg Down
By Mike Whitney
Collapsing home prices and credit markets continue to put downward pressure on consumer spending, forcing the Federal Reserve to take even more radical action to revive the economy. Last week, Fed chief Ben Bernanke raised the prospect of further monetizing the debt by purchasing more than the $1.75 trillion of Treasuries and mortgage-backed securities (MBS) already committed. Continue
The Greatest Swindle Ever Sold
By Andy Kroll
How the Financial Bailout Scams Taxpayers, Subsidizes Wall Street, and Props Up Our Broken Financial System. Continue
Russian Gold Output Up 38% Jan-Apr '09
US Bonds Sales Finding Market Resistance
CA's Day Of Reckoning Is Warning For Europe
Tumbling Towards A Sovereign Debt Crisis?
British Banks Revolt Against Obama Tax Plan
Record Rate Of Decline In Economic Growth
70% 1st Buyers Lose Hope Of Ever Having Home
Beware False Dawns - Downturn Still Early
Saudi Warn Of $150 Oil Within 3 Years
Tokyo Aims To Halt 'Farmland Grabbing'
Porsche On The Financial Brink
World Economy Stabilising Says Krugman (Huh?)
China Warns Federal Reserve Over Printing Money
Chill Wind Blows For AAA Rated Nations
Cold, Hunger, Job Losses - Unhappy Russians
Mass Firing Of Hollywood Agents As Recession Hits
UK Commercial Rents In Grip Of Recession
Africa Almost Giving Land Away
Obama Govt Borrowing 50 Cents Of Every $1 It Spends
Two Illinois Banks Seized - 36 On The Year
RBS Chiefs Handed £5m In Bonuses
Gold Bugs Have Their Perfect Trinity
US Grandma Offer Depression Era Recipes
Federal Reserve Cannot Account For $9 Trillion
Dollar's Demise Greatly Exaggerated
Fear For US AAA Rating Pressure Dollar
British Airways Drops First Class In New Planes
Warning Britain May Suffer A Double Recession
Rising Debt Clouds Market Optimism
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