New Zealand Cuts Key Interest Rate by Record to 5%
U.S. ISM Services Index Fell to Record Low Last Month
Productivity Rose More Than Forecast; Labor Costs Up
Private sector sheds 250,000 jobs in November
General Motors, Chrysler Seek ‘Emergency’ $15 Billion
"Banks worldwide have $891 billion at risk in asset-backed commercial paper facilities because of credit agreements that ensure investors are paid back when the short-term debt matures, Fitch Ratings said."
Bloomberg, August 23, 2007
by Doug Noland | Nov 28
According to Bloomberg, the S&P500 posted its largest weekly gain since 1974.
by Martin Hutchinson | Dec 1
A new Wall Street should be a more constrained Wall Street.
by Rob Peebles | Oct 3
If Jimmy Buffett were to comment on the crisis, it might go something like this...
Read moreby Satyajit Das | Nov 24
Global Financial System – Calling for the Plumber!
Problem solvers must deal with complexities of crisis
Read moreby Rob Lee | Nov 25
This is Not the Great Depression - but it could turn into the Great Inflation
Look to German, not U.S. history, for a worst case scenario.
Read more|
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