News Swiss Central Bank Cuts Rate to 0.25% to Battle Recession General Electric Loses S&P’s Top-Level Aaa Rating U.S. Initial Jobless Claims Rose to 654,000 Last Week Largest U.S. pension plan assets fall $217 billion short Freddie's 2008 Loss Exceeds $50 Billion Freddie to Tap $30.8 Billion in Aid as Losses Deepen Yen Rises as Signs of Deepening Slump Spur Demand for Safety Oil futures rise 3%, rebounding after sharp decline Gold rises slightly, trading above $910 as stocks fall Treasuries Are Little Changed Before $11 Billion Bond Auction U.S. Stock-Index Futures Pare Earlier Declines on Retail Sales "U.S. savings and loans held more troubled assets in the second quarter than at any time in the past 14 years, as more families fell behind on their mortgage payments. U.S. thrifts held $14.2 billion in repossessed assets and loans that are at least 90 days past due, the most since 1993…" Bloomberg, August 22, 2007 by Doug Noland | Mar 6 The markets have been in ugly freefall. Finger pointing has become the order of the day in Washington, although that doesn't help much as we strive to understand how things went so badly wrong. by Martin Hutchinson | Mar 9 The political response to this economic downturn has differed from previous responses to downturns in a number of ways, the most economically significant of which lies in the extent to which failure has been subsidized. by Satyajit Das | Mar 3 “Holes in the Ground” - The End of the Commodity Super Cycle The commodity “super cycle” proved super short. The commodity “boom” is now officially a “bust.” by James Quinn | Mar 4 She was buying the stairway to heaven using her home equity line, but now that she is underwater on her mortgage, she tried to pay using her Amex card, but her credit score had dropped to 600 and they cut her credit line in half.Market Movers
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Thursday, 12 March 2009
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