The Death-Defying Dollar Dollar Collapse Update: Herding the Sheep Record recession for UK economy: Britain's economy contracted unexpectedly in the third quarter of this year, quashing hopes that the downturn was ending and instead marking the country's longest recession since records began in 1955. US Unemployed Losing their lifeline - 7,000 a Day: : As the Senate debates whether to extend unemployment benefits, more than 200,000 jobless Americans are set to see their checks stop in October.
By Barry Eichengreen
The blogosphere is abuzz with reports of the dollar’s looming demise. The greenback has fallen against the euro by nearly 15% since the beginning of the summer. Central banks have reportedly slowed their accumulation of dollars in favour of other currencies. Continue
"Obama Demands Pay in Euros!"
By Mike Whitney
Here's a likely scenario of what could take place in the next few months. Continue
By Washington's Blog
The message, quite overtly, is: if you are pissed, you are in a minority. The country has moved on. Things are getting better, get with the program.. Continue
Saturday, 24 October 2009
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