World-News

That manufacturing is in decline is hardly surprising, but the depth and speed of the plunge are striking and, most worrisome for economists, a self-reinforcing trend not unlike the cascading bust that led to the Great Depression.

http://www.nytimes.com/2009/03/20/business/worldbusiness/20shrink.html?ref=WRH



Fed to Buy Treasurys is Not a Good Sign

Stephen Roach, chairman for Asia at Morgan Stanley does not view the Fed's plan to buy $300 billion worth of long-dated government debt as a constructive sign for prospects going forward. He explains why to CNBC's Amanda Drury.

http://www.cnbc.com/id/15840232/?video=1065357338&play=1



U.S. unemployment rate likely around 9.5 percent: think tank

The U.S. unemployment rate was probably around 9.5 percent, comparable to the jobless rate in 1982 if adjustments were made to factor in demographic changes and undercounting, a think tank said on Thursday.

http://www.reuters.com/article/email/idUSTRE52I74S20090319


From Information Clearing House



http://freepage.twoday.net/search?q=manufacturing
http://freepage.twoday.net/search?q=Great+Depression
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=treasurys
http://freepage.twoday.net/search?q=treasuries
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=job+loss