Archive for October, 2008

Nothing New Under The Depression Sun
October 25, 2008 Elaine Meinel Supkis As the US falls into the same system that runs Japan, we have to recognize that the effects of the 0% system is not going to fix the US trade deficit. The Treasury is allowing all our dear, bankrupt banks to announce that they are going to the bankrupt Fed for funds. We also look at a series of old, old newspaper clippings that clearly show that today’s mess is nearly totally identical to past messes. The IMF is going to allow many of the ‘first world’ natio

Riddled In Buyer’s Remorse
It’s Friday desk clearing time for this blogger. “Housing clearance rates remained soft across the country over the weekend, particularly in the nation’s biggest markets of Melbourne and Sydney, which showed no signs of recovering from their torpor. The Australian reported many homes continue to sell for well under what their owners had hoped to get. When Melbourne grandmother Jennifer Webbe put her home of 15 years on the market, she thought she would get $740,000 for her house in the city’s s

Riddled In Buyer’s Remorse
It’s Friday desk clearing time for this blogger. “Housing clearance rates remained soft across the country over the weekend, particularly in the nation’s biggest markets of Melbourne and Sydney, which showed no signs of recovering from their torpor. The Australian reported many homes continue to sell for well under what their owners had hoped to get. When Melbourne grandmother Jennifer Webbe put her home of 15 years on the market, she thought she would get $740,000 for her house in the city’s s

Nothing New Under The Depression Sun
October 25, 2008 Elaine Meinel Supkis As the US falls into the same system that runs Japan, we have to recognize that the effects of the 0% system is not going to fix the US trade deficit. The Treasury is allowing all our dear, bankrupt banks to announce that they are going to the bankrupt Fed for funds. We also look at a series of old, old newspaper clippings that clearly show that today’s mess is nearly totally identical to past messes. The IMF is going to allow many of the ‘first world’ natio

UK & World News: Two lenders cut mortgage rates (icNewcastle - Sunday Sun)
The cost of fixed-rate mortgages looks set to fall, with two lenders announcing they were cutting their rates.

Riddled In Buyer’s Remorse
It’s Friday desk clearing time for this blogger. “Housing clearance rates remained soft across the country over the weekend, particularly in the nation’s biggest markets of Melbourne and Sydney, which showed no signs of recovering from their torpor. The Australian reported many homes continue to sell for well under what their owners had hoped to get. When Melbourne grandmother Jennifer Webbe put her home of 15 years on the market, she thought she would get $740,000 for her house in the city’s s

Down For The Count
“The whole system is contracting…” “The great inter-war slumps were not acts of God or of blind forces. They were the sure and certain result of the concentration of too much economic power in the hands of too few men (who) felt no responsibility to the nation.” From the 1945 UK Labour manifesto Let Us Face The Future There are signs that the credit crunch is easing. Interbank lending in dollars has fallen for a ninth straight day. The various indicators of stress in the market–Libor, the TE