A Generalized Meltdown of Financial Institutions

Take a Look at Professor Roubini's Crystal Ball

By Mike Whitney

Reality has finally caught up to the stock market. The American consumer is underwater, the banks are buried in dept, and the housing market is in terminal distress. The Dow is now below its 200-Day Moving Average -- the first big "sell" signal. Anything below 12,500 could trigger program-trading and crash the market. The increased volatility suggests that we are watching a "real time" meltdown.

//www.informationclearinghouse.info/article18777.htm



Forecast: U.S. Dollar Could Plunge 90 pct

By UPI

"We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."

//www.informationclearinghouse.info/article18776.htm



Banks Gone Wild

By Paul Krugman

"What were they smoking?" asks the cover of the current issue of Fortune magazine. Underneath the headline are photos of recently deposed Wall Street titans, captioned with the staggering sums they managed to lose.

//www.informationclearinghouse.info/article18774.htm



The Financial Tsunami: Sub-Prime Mortgage Debt is but the Tip of the Iceberg

By now every serious reader has heard the term "It's a crisis in Sub-Prime US home mortgage debt." What almost no one I know understands is that the Sub-Prime problem is but the tip of a colossal iceberg that is in a slow meltdown. I offer one recent example to illustrate my point that the "Financial Tsunami" is only beginning.

//www.globalresearch.ca/index.php?context=va&aid=7413



In the Realm of the Dying Dollar

The plunging greenback threatens to cripple U.S. power. Why are the candidates ignoring this critical issue?

//www.newsweek.com/id/71888


From Information Clearing House



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