I love the way everyone thinks this is a normal phenomenon: “dah, we aint hit da buttom yit”. This is a crash, carefully orchestrated by the biggest banks - there is no bottom — this is a drain.
Follow the money. In any criminal activity - look at who is benefiting — who has the motive [...]
“onsumer debt — including credit cards and auto loans but not including mortgages - increased $4.6 billion to $2.59 trillion, the Fed said. It was the slowest growth in credit since the 1.9% growth rate in December.
Growth of credit card debt accelerated to 4.8%, or $3.9 billion, in July from 3.5% in June. Growth of [...]
Euro rises to new record against yen
Sterling trades weaker on gloomy U.K. economic prospects
By William L. Watts & Lisa Twaronite, MarketWatch
Last Update: 7/21/2008 12:13:00 PM
SAN FRANCISCO (MarketWatch) — The euro and yen stole the spotlight from the U.S.
dollar Monday, with the European unit rising to a record against Japan’s
currency.
The euro was buying 169.46 yen, up [...]
Stumble It!