Europe Faces Day of Reckoning in Emerging Market Debt
Europe Faces Day of Reckoning in Emerging Market Debt
You know it’s a real financial crisis when capitalists are being told what to do by a bunch of socialists and communists. But these are the times we live in. Ironic and moronic. Investors will be utterly confused today about what to fear most. First, you had the nightmare open in New York on Friday. The futures markets were limit down and closed briefly. By the time order was restored to electronic markets, the Dow opened down 6%. The Dow rallied-if you can call it that-to close down “just”
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.