The Meltdown Of The Hedge Funds - And Its Effect On The Market – Was Foreseeable
As a Wall Street Journal article from today entitled “Hedge Fund Selling Puts New Stress on Market” notes, “Hedge funds are selling billions of dollars of securities to meet demands for cash from their investors and their lenders, contributing to the stock market’s nearly 10% drop over the past two days”.
G.M. Says U.S. Cash Is Its Best Hope
The rapidly deteriorating finances of General Motors are forcing the federal government to decide whether to bail out the largest American automaker or face the prospect that it might go bankrupt.
G-20 Urges Stimulus to Ease Impact of Global Slump
Finance officials from the Group of 20 nations will press their European colleagues to join a coordinated stimulus plan to tackle an impending recession when they meet in Sao Paulo this weekend.
Americans losing confidence in the Fed: survey
Most Americans say the country’s financial crisis has hurt their confidence in the Federal Reserve, according to a Reuters/University of Michigan survey released on Friday.
• U.S. Economy: Jobless Rate Climbs to 14-Year High
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