Bank of America reports losses: US bank announces third-quarter losses of $2.2bn on back of consumer credit defaults.
Recession Will Be 'Full-Blown Depression': Strategist: This global recession will turn into a "full-blown depression," Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn't come down to Main Street.
Dollar May Drop 20% More, Harvard’s Ferguson Says: The dollar will extend its drop versus the euro over the next two to five years, falling as much as 20 percent to an all-time low under a widening U.S. budget deficit, Harvard University’s Professor Niall Ferguson said.
Britain is in danger of going bust, warns EU: Britian's economy was consigned to a list of those at 'high risk' yesterday because of the spiralling national debt
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