This Is Not A Normal Recession: Moving on to Plan B

""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...

Stocks plunge anew as recession worries resurface

"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...

Of rescues and diminishing returns: James Saft

" By James Saft LONDON (Reuters) - The market's reaction to the new super bailout follows a familiar pattern: relief, disappointment and the need for a higher dose of the same medicine. Don't expect risk appetite in most financial markets to be sustained; the "make it...

British banks shun £10bn cash auction

"British banks shunned the Bank of England’s auction of three-month money on Wednesday, submitting no bids to borrow the £10bn on offer. The dearth of demand for three-month cash – a market that has been strained of late – was the result of “a significant fall in...