World-News

The verdict is in. The Fed's emergency rate cuts in January have failed to halt the downward spiral towards a full-blown debt deflation. Much more drastic action will be needed.

http://tinyurl.com/2pt9t9



Dollar at low on economy worries

The US dollar fell to an all-time low against the euro Monay, oil surged to new highs and Asian and European shares slipped back on fears of a US recession and further fallout from the global credit crisis.

http://tinyurl.com/28x3ec



Markets tumble on U.S. recession fears

European and Asian stock markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.

http://tinyurl.com/2y4w3t



U.S. Mortgage Rates Will Tumble to Four-Decade Low

Freddie Mac, the world's second- largest mortgage buyer, said the average U.S. fixed mortgage rate in 2008 probably will tumble more than three-quarters of a percentage point to the lowest in at least 45 years.

http://tinyurl.com/2xq3v9


From Information Clearing House



http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=credit crisis
http://freepage.twoday.net/search?q=mortgage