“The Feds cannot print enough money to save the day. We’re going into the worst depression that any living person has ever seen. It’s going to be worse than the Great Depression of 1929.”
Do you realize that Barack Obama recently said that he would not rescind the Bush tax cuts. He said this on [...]
Now as the title suggests, we are having a bank run in the money markets. I believe it was Monday [so much has happened so fast that I can't keep my days straight] we saw a large money market fund “break the buck” and trade down to .97 cents. Today Putnam has closed its institutional [...]
Dollar extends losses after loan officer survey
By Laura Mandaro, MarketWatch
Last Update: 5:16 PM ET May 5, 2008
SAN FRANCISCO (MarketWatch) — The U.S. dollar deepened its losses in late
afternoon trading Monday after a downturn in stocks and an unsettling report on
the progress of the credit crunch offset a surprisingly upbeat report on the U.S.
services sector.
At the [...]
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