Dollar Libor Jumps to New Credit Crisis Extreme
Interest-Rates / Credit Crisis 2008
Oct 09, 2008 – 02:39 PM
By: Mike_Shedlock Market Oracle
The cost of borrowing in dollars for three months in London soared to the highest level this year as coordinated interest-rate reductions worldwide failed to revive lending among banks for any longer than a day. Read the rest of this entry »
Posts Tagged ‘economic collapse’
Dollar LIBOR jumps to new credit crisis extreme
Posted by smeddum on October 10, 2008
Posted in Financial crisis | Tagged: credit crisis, economic collapse, economic disaster, economic slump, LIBOR | Leave a Comment »
U.S. Stocks Drop; S&P 500, Dow Post Worst Retreats Since 1937
Posted by smeddum on October 8, 2008
U.S. Stocks Drop; S&P 500, Dow Post Worst Retreats Since 1937
By Elizabeth Stanton and Eric Martin
Oct. 7 (Bloomberg) — U.S. stocks fell, sending the Standard & Poor’s 500 Index below 1,000 for the first time since 2003, on speculation banks and real-estate companies are running short of money as the credit crisis worsens. Read the rest of this entry »
Posted in Uncategorized | Tagged: Economic, economic collapse, Financial crisis, Wall street crash | Leave a Comment »
US Dollar Doomed as Credit Crisis Turning into a Currency Crisis
Posted by smeddum on October 3, 2008
US Dollar Doomed as Credit Crisis Turning into a Currency Crisis
Currencies / US Dollar
Oct 03, 2008 – 02:18 PM
By: Jennifer_Barry Market oracle
When the precious metals were smashed out of nowhere and the dollar started climbing this summer I became very worried. I didn’t question my conviction that commodities are in a bull market, or that precious metals in particular are undervalued. I felt something sinister was at work. Neither move was justified on a fundamental level. I assumed that something very bad was about to happen and the metals needed to be brought lower in advance of the bad news. Read the rest of this entry »
Posted in Financial crisis | Tagged: dollar collapse, economic collapse | Leave a Comment »
Phew – Thank you Evan Davis for restoring some sanity
Posted by smeddum on September 4, 2008
Phew – Thank you Evan Davis for restoring some sanity ContractJournal
I freely admit this is an indulgent blog and rather outside what I see as my scope, but I felt an obligation to make some points on the subject of the attacks on Alistair Darling and to record a thank you to Evan Davis of the BBC for saving me time in expressing many of my concerns (not that he was or probably is aware of my concerns).
I had been fearing that I was alone – and perhaps misguided – in my assessment of the holiday outpourings of Chancellor Alistair Darling that appeared in the Guardian.
I had been of the view that the Government had, up to that point, been either underplaying or was simply blissfully unaware of the scale of the potential economic problems we face. Admittedly, the strength of my views may be partly down to the housing industry – a sector I cover – being at the centre of the storm. Read the rest of this entry »
Posted in Financial crisis | Tagged: Alistair Darling, economic collapse, Evan Davis | Leave a Comment »
Wag the Dog: How to Conceal Massive Economic Collapse
Posted by smeddum on August 14, 2008
by Ellen Brown
Global Research, August 14, 2008
“I’m in show business, why come to me?”
“War is show business, that’s why we’re here.”
– “Wag the Dog” (1997 film)
Last week, Fannie Mae and Freddie Mac had just announced record losses, and so had most reporting corporations. Unemployment was mounting, the foreclosure crisis was deepening, state budgets were in shambles, and massive bailouts were everywhere. Investors had every reason to expect the dollar and the stock market to plummet, and gold and oil to shoot up. Strangely, the Dow Jones Industrial Average gained 300 points, the dollar strengthened, and gold and oil were crushed. What happened? Read the rest of this entry »
Posted in Financial crisis | Tagged: economic collapse, georgia, Georgia, south ossetia | 1 Comment »
The collapse of consumer spending
Posted by smeddum on August 5, 2008
Asia Times
By Martin Hutchinson
The gross domestic product and employment figures released last Thursday and Friday appeared at first sight to show a US economy that had returned to a measure of stability. However, when examined more closely, they painted a much darker picture, of an economy in which a sharp decline in retail spending is likely to cause substantial overall economic contraction over the next several quarters. Read the rest of this entry »
Posted in Financial crisis | Tagged: consumer spending, economic collapse | Leave a Comment »
Is War Good For the Economy? In short: No.
Posted by smeddum on June 25, 2008
June 25, 2008 Antiwar.com
Despite Riamondo’s endorsement of the oxymoronic puritanical capitalism known as ‘libertarianism’, this article is a biting critique of the War party
The idea that warfare helps the economy is a prime example of Bizarro logic, which has pervaded our collective consciousness since the 9/11 terrorist attacks, ideological fallout from the explosion of national hysteria that followed. In Bizarro World, as we all know, the laws of nature and logic are inverted, so that up is down, freedom is slavery, and ignorance is strength. In the post-9/11 era, as I have often pointed out, we have finally arrived in a world where two plus two can and indeed often does equal five – if it suits the purposes of the War Party to deem it so. Read the rest of this entry »
Posted in Drive to Global War | Tagged: dollar collapse, economic collapse, Iran, Iraq | 1 Comment »
New tipping-point in the global systemic crisis
Posted by seumasach on May 18, 2008
June/July 2008 – New tipping-point in the global systemic crisis: When the illusion that the crisis is under control fades away…
– Public announcement GEAB N°25 (May 16, 2008) –
16/05/2008
The spin-doctors have mastered the art of illusion but eventually reality must sweep all before it.-Ed. Read the rest of this entry »
Posted in Financial crisis | Tagged: economic collapse | 1 Comment »
In These New Times 