Source: Reuters
The pace of existing home sales in the United States fell a sharper-than-expected 4.1 percent in July to their lowest level since January 2004 as the downturn in the U.S. housing sector accelerated, the National Association of Realtors said on Wednesday.
Source: Market Watch
The investment outlook by affluent investors, those with $100,000 or more in financial assets, is at an all-time low, according to Smith Barney.
Source: Observer - Guardian
The United States faces almost a 40 per cent chance of slipping into recession in the next 12 months, according to the Federal Reserve's own market model.
Source: New York Times
Republican Party spin: If we simply keep repeating "the economy is great," and "we're adding a lot of new jobs," and "unemployment is down," and "it's all Clinton's fault," people will believe us, right? From the article: Employers added jobs in July at a slow pace for the fo …
Source: realclearpolitics.com
From the article: As we near the fifth anniversary of Sept. 11, most have forgotten the dangers of a terrorist attack.
Source: finance.yahoo.com
Funny Money, Buy Gold: Why the Rich Get Richer by Robert Kiyosaki Gold recently dropped more than $100, or 14 percent, after hitting a 26-year high of $730 in mid-May. With that drop in price, I became a buyer of gold once again.
Source: money.cnn.com
NEW YORK (CNNMoney.com) -- Record oil prices. Escalating violence in the Mideast. The nail-biter over interest rates. A consumer trying to hang in despite a slowing economy. Who needs summer action movies? Wall Street's been serving up more drama than most investors crave.
Source: thenation.com
"As a result of the Soviet breakup in 1991, Russia, a state bearing every nuclear and other device of mass destruction, virtually collapsed. During the 1990s its essential infrastructures--political, economic and social--disintegrated.
Source: washingtonpost.com
The hordes of beer-swilling men who have descended on Germany for the World Cup are proving a disappointment for the host nation's sex workers, preferring to party in public rather than spend time with prostitutes. This is what's wrong with sports...
Source: atimes.com
Excerpt : Paulson is a banker. Bankers are interested in the state of the market, not the economy per se.
Source: MSN Money
Why stock-market pros are selling Have the pros panicked?
Source: money.cnn.com
Ben Bernanke isn't just scaring U.S. investors anymore. He's scaring investors around the world.
Source: informationclearinghouse.info
'A perfect (economic) storm is developing...'
Source: opinionjournal.com
From the article: Over the past 40 years, the U.S. has had three great experiments in tax-cutting, and each one has worked even better than advertised: The Kennedy tax cuts of the 1960s, the Reagan cuts of 1981, and now the Bush tax cuts of 2003.
Source: telegraph.co.uk
Asia Pacific markets have opened sharply lower on the back of a painful Friday on Wall Street and in Europe.
Source: AlterNet.org
Americans are relying on borrowed money to maintain our standard of living. A major crash is coming unless we take action now.
The following are excerpts from an interview by Weeden & Co.
Source: International Herald Tribune
Europe's economies are in the doldrums - for all the brave talk of new policies to promote industrial innovation, unemployment remains persistently high, and the weak growth rates of recent years are threatening to stall and plunge Europe into recession.
Source: Forbes
Global recession and deflation is likely in the year ahead. This Forbes article is a summary of Gary Shilling's January INSIGHT newsletter.
Source: alternet.org
The corporations, which own the media, keep telling us how great the economy is. And it IS great -- if you are a corporation. For the rest of us... not so great.
Source: MSN Money
5 smart bets for the housing slump