Posts Tagged ‘economic crisis’
Things are coming apart before our eyes
Fred Cederholm | Do you feel this first downturn of the 21st century is behind us? I sure don’t. Here is the original post: Things are coming apart before our eyes
World gripped by ‘international currency war’
Guardian | The world is in the midst of an "international currency war" according to Brazil's finance minister as governments force down the value of their currencies to boost their struggling economies. Read the original post: World gripped by ‘international currency war’
Dollar Trades Near Five-Month Low
Bloomberg | The dollar traded at almost a five-month low against the euro after U.S. home prices rose at a slower pace in July, fueling speculation the Federal Reserve will ease monetary policy. Here is the original post: Dollar Trades Near Five-Month Low
Shut Down the Fed
Ambrose Evans-Pritchard | Ben Bernanke has not only refused to abandon his idee fixe of an “inflation target”, a key cause of the global central banking catastrophe of the last twenty years. Follow this link: Shut Down the Fed
Credit Collapse and the Shadow Banking System
Ellen Brown | What went wrong in September 2008 was not that the existing Basel II capital requirements were too low but that banks found a way around the rules. Read more: Credit Collapse and the Shadow Banking System
Credit Unions Bailed Out
Wall Street Journal | Friday's moves include the seizure of three wholesale credit unions, plus an unusual plan by government officials to manage $50 billion of troubled assets inherited from failed institutions. Read more: Credit Unions Bailed Out
Jobless Claims Up 1st Time in 5 Weeks
Zacks | Initial Claims for Unemployment Insurance climbed by 12,000 last week to 465,000. That is the first increase in five weeks. Excerpt from: Jobless Claims Up 1st Time in 5 Weeks
Is the Economy as Broke as Lehman Was?
Michael Hudson | American homeowners are victims, not crooks. See original here: Is the Economy as Broke as Lehman Was?
State unemployment: Jobs picture gets worse in 27 states
CNNMoney | On a state-by-state basis, the jobs picture continues to look a lot more grim in places like Nevada, Michigan and California. Read this article: State unemployment: Jobs picture gets worse in 27 states
U.S. household net worth drops
Reuters | U.S. household wealth fell by $1.5 trillion in the second quarter. Read the original post: U.S. household net worth drops
For the Unemployed Over 50, Fears of Never Working Again
New York Times | A growing number of people in their 50s and 60s are starting to worry that they may be discarded from the work force — forever. Go here to see the original: For the Unemployed Over 50, Fears of Never Working Again
Worst U.S. Recession Since 1930s Ended in June 2009, Group Says
Newsmax | The worst U.S. recession since the Great Depression ended in June 2009, the National Bureau of Economic Research said. Visit link: Worst U.S. Recession Since 1930s Ended in June 2009, Group Says
US Government ‘hiding true amount of debt’
News.com.au | The actual figure of the US' national debt is much higher than the official sum of $US13.4 trillion given by the Congressional Budget Office. Follow this link: US Government ‘hiding true amount of debt’
U.S. Debt Actually $200 Trillion?
News.com.au | The actual figure of the US' national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office. Read the original post: U.S. Debt Actually $200 Trillion?
Our Best Minds Are Failing Us
Newsweek | Policy and political debates still driven by outdated economic theory have been racing out of control. View original post here: Our Best Minds Are Failing Us
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