U.S. Economy Shrank 6.2% Last Quarter, Most Since ’82 Citigroup Gets Third Bailout as Government Plans to Raise Stake U.S. Is Said to Agree to Raise Stake in Citigroup Fannie to Draw $15.2 Billion From Treasury After Loss Japan Recession Deepens as Factory Output Plunges by Record 10% Obama Plans Major Shifts in Spending Stocks point lower after Citi deal, GDP reading Gold Advances for First Time This Week on Economy Speculation Treasuries Rise on Bets Third Rescue of Citigroup to Fall Short Crude Oil Falls, Snapping Three-Day Rally, as Recession Deepens "Back in 1980, the debt of slightly less than a third of U.S. industrial corporations tracked by Standard & Poor's was rated junk. By the late 1980s, more than half were, and now 71% of the pie fits into that category, a record according to a new S&P report." Wall Street Journal, 1/4/07 by Doug Noland | Feb 20 It was a week that leaves an uneasy feeling in the pit of my stomach. by Martin Hutchinson | Feb 23 Digging Out of Government's Hole The $787 billion stimulus bill has been signed by President Obama and the $275 billion help for homeowners has been announced and generally well received, but still the stock markets keep dropping. by Satyajit Das | Jan 23 As the “financial’’ crisis moved into the “real” economy at the end of 2008, the incomprehensible discourse about arcane minutiae of securitized debt and derivatives (toxic three letter acronyms such as ABS, CDO, MBS, SIV; CDS etc,) that no sane person really understood, could be abandoned for the more familiar language of “recessions” and “depressions.” Familiarity, no matter how terrible, is comforting. by Richard Benson | Feb 9 Every time I pick up a copy of the prestigious financial press, I can't help but read articles pushing Keynes theories. Writers point or wag a finger at the lack of liquidity and the fact that America is in a Keynesian-feared “Liquidity Trap.”Top News
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Friday, 27 February 2009
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