"Data from US and Japan triggered fears that the downturn has turned into the worst slump since the 1930s! Larry Elliott, economics editor guardian.co.uk The sharpest contraction in US growth for more than a quarter of a century, a collapse in Japanese factory output and an...
created by pakalert | 42 wks ago 208 views | 2 recommendations | 1 comment
" Agora Financial’s Rude Awakening notes that the U.S. Government is now considered less credit-worthy than Pepsi or IBM by the credit default swap market: "As the nearby chart indicates, the price of insuring Treasury debt against default now costs more than the price of...
created by pakalert | 43 wks ago 106 views | 0 recommendations | 0 comments
Truemors
Fresh evidence points to paralysis of global economy
