Prudentbear.com “There’s a greater than 50% probability that the financial system ‘will come to a grinding halt’ because of losses from mortgages, said Gregory Peters, head of credit strategy at Morgan Stanley, Bloomberg, November 13, 2007 Leading Index in U.S. Unexpectedly Dropped in April More Americans Unexpectedly File Claims for Jobless Benefits U.S. Stocks Decline as Jobless Claims Increase, Euro Retreats European Stocks Retreat for Second Day as Mining Shares Decline Crude futures drop further as U.S. jobless claims rise Euro Drops on Europe Divisions in Wake of German Short-Sale Ban by Doug Noland | May 14 The initial market enthusiasm for the Eurozone bailout program faded badly as the week wore on. by Martin Hutchinson | May 17 The 750 billion euros ($950 billion) bailout for Greece and other wobbly eurozone economies was greeted by markets with less enthusiasm than expected this week. by Satyajit Das | Apr 7 Economic fixes that rely on easy credit and government support mask worsening problems. by Michael Pento | May 17 U.S. Solvency Contingent on Low Interest Rates According to the Department of Treasury's auction staff, the U.S. auctioned $8.8 trillion in bills, notes and bonds in fiscal year 2009.Quotable
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