US economist calls financial crisis worst since 1930s
Dollars tough to sell
The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.
http://www.reuters.com/article/oddlyEnoughNews/idUSL1758265520080319
US economist calls financial crisis worst since 1930s
The current financial crisis is the worst the world has seen since the Great Depression of the 1930s and the US Federal Reserve move to cut interest rates will not make much difference, the Nobel Prize winning economist Joseph Stiglitz said on Wednesday.
http://tinyurl.com/yws9w9
World trade decelerates almost to a standstill
Global trade slowed almost to a standstill over the new year, threatening to shrink for the first time since the US economy went into recession in 2001.
http://www.ft.com/cms/s/0/a6d4b338-f61e-11dc-8d3d-000077b07658.html
Lehman sees risk of double-dip U.S. recession
Investors already coming to grips with the prospect of a looming U.S. recession face the even bleaker notion of a "double-dip" economic downturn, U.S. investment bank Lehman Brothers (LEH.N: Quote, Profile, Research) said on Thursday.
http://www.reuters.com/article/fundsFundsNews/idUSN2040072420080320?rpc=401&
Jim Rogers: FED is using taxpayers money to buy Bear Sterns Maseratis
Video
http://www.youtube.com/watch?v=wXUU_lyb0Lc
US leading index tumbles for fifth straight month
The US leading index fell by 0.3 per cent and six of the 10 economic indicators that form the index were down on the month, the New York-based Conference Board said.
http://tinyurl.com/249fkt
Factory and other data adds evidence of recession
Evidence of a U.S. recession mounted today with reports showing Mid-Atlantic factory activity in its worst slump since the start of the Iraq war and more workers claiming jobless benefits.
http://www.latimes.com/business/la-fi-jobless21mar21,1,7129640.story
Jobless benefit rolls hit 3-1/2 year high
The number of U.S. workers filing initial claims for unemployment aid climbed 22,000 last week, while the overall number on the benefit rolls hit a 3-1/2 year high a week earlier, the government said on Thursday.
http://tinyurl.com/ytb6ww
From Information Clearing House
--------
Printing money for Wall Street
Acton Institute
by Oskari Juurikkala
The global financial system is in a deepening crisis, largely due to greedy gambles with complex financial derivatives. The bailout of Bear Stearns Cos., in which the Fed provided $30 billion loan to J.P. Morgan Chase to acquire the investment bank, is only the latest — and probably not the last — rescue mission from the central bank. Overall, the response of the Bernanke-led Federal Reserve to the global financial meltdown has been exceedingly simple: lower interest rates....
http://tinyurl.com/2he563
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=dollar+value
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=Great+Depression
http://freepage.twoday.net/search?q=Stiglitz
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=Bear+Stearns
http://freepage.twoday.net/search?q=Jim+Rogers
http://freepage.twoday.net/search?q=jobless
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=derivatives
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=meltdown
The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.
http://www.reuters.com/article/oddlyEnoughNews/idUSL1758265520080319
US economist calls financial crisis worst since 1930s
The current financial crisis is the worst the world has seen since the Great Depression of the 1930s and the US Federal Reserve move to cut interest rates will not make much difference, the Nobel Prize winning economist Joseph Stiglitz said on Wednesday.
http://tinyurl.com/yws9w9
World trade decelerates almost to a standstill
Global trade slowed almost to a standstill over the new year, threatening to shrink for the first time since the US economy went into recession in 2001.
http://www.ft.com/cms/s/0/a6d4b338-f61e-11dc-8d3d-000077b07658.html
Lehman sees risk of double-dip U.S. recession
Investors already coming to grips with the prospect of a looming U.S. recession face the even bleaker notion of a "double-dip" economic downturn, U.S. investment bank Lehman Brothers (LEH.N: Quote, Profile, Research) said on Thursday.
http://www.reuters.com/article/fundsFundsNews/idUSN2040072420080320?rpc=401&
Jim Rogers: FED is using taxpayers money to buy Bear Sterns Maseratis
Video
http://www.youtube.com/watch?v=wXUU_lyb0Lc
US leading index tumbles for fifth straight month
The US leading index fell by 0.3 per cent and six of the 10 economic indicators that form the index were down on the month, the New York-based Conference Board said.
http://tinyurl.com/249fkt
Factory and other data adds evidence of recession
Evidence of a U.S. recession mounted today with reports showing Mid-Atlantic factory activity in its worst slump since the start of the Iraq war and more workers claiming jobless benefits.
http://www.latimes.com/business/la-fi-jobless21mar21,1,7129640.story
Jobless benefit rolls hit 3-1/2 year high
The number of U.S. workers filing initial claims for unemployment aid climbed 22,000 last week, while the overall number on the benefit rolls hit a 3-1/2 year high a week earlier, the government said on Thursday.
http://tinyurl.com/ytb6ww
From Information Clearing House
--------
Printing money for Wall Street
Acton Institute
by Oskari Juurikkala
The global financial system is in a deepening crisis, largely due to greedy gambles with complex financial derivatives. The bailout of Bear Stearns Cos., in which the Fed provided $30 billion loan to J.P. Morgan Chase to acquire the investment bank, is only the latest — and probably not the last — rescue mission from the central bank. Overall, the response of the Bernanke-led Federal Reserve to the global financial meltdown has been exceedingly simple: lower interest rates....
http://tinyurl.com/2he563
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=dollar+value
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=Great+Depression
http://freepage.twoday.net/search?q=Stiglitz
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=Bear+Stearns
http://freepage.twoday.net/search?q=Jim+Rogers
http://freepage.twoday.net/search?q=jobless
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=derivatives
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=meltdown
rudkla - 21. Mär, 11:07
