News Archives - 2008
Week of January 1st, 2008
A good start for Gold and Oil - Read Here
Bank Warnings cast cloud on 2008 Read Here
So much for exports - manufacturing down Read Here
Stocks off to worst start since 1983 Read Here
Citibank limits ATM withdrawls Read Here
Can the US economy handle $100 oil? Read Here
Consumer late payments highest since 2001 Read Here
Peak Food? Read Here
Job Growth weak, unemployment at 5% Read Here
Fed continues foolishly pumping money Read Here
Week of January 7th, 2008
Bush convenes the Plunge Protection Team Read Here
Paulson - don't rush the economic stimulus Read Here
2008 - The year of the disappearing dividends Read Here
Countrywide's swan song? Read Here
Gold surges to ALL-TIME high Read Here
Foreclosure hotline swamped, looks for help Read Here
Gold is the world's new currency Read Here
Bernanke is finally with the program; just when the markets need it most Read Here
Citigroup Merrill ready for more foreign capital Read Here
Bank of America looking to buy Countrywide? Read Here
Citigroup needs ANOTHER rescue - ALREADY Read Here
Trade deficit widens more than forecast Read Here
Week of January 14th, 2008
Citigroup's $18 Billion write off Read Here
Supreme Court warming up to protecting fraudsters Read Here
Even phony CPI/PPI are at 26-year highs Read Here
It's going to get worse Read Here
Asian Markets plunge on US concernsRead Here
Americans cut spending sharplyRead Here
The Fed admits they 'mised' the subprime crisis Read Here
Philly Fed data downright awful Read Here
New inflation data explains middle class squeeze Read Here
Week of January 21st, 2008
World Stock Markets crashing Read Here
London FTSE in full meltdown Read Here
US recession fears sink global markets Read Here
US heading for a 'severe' recession? Read Here
Stunning rise in foreclosures Read Here
Fed blinks - slashes rates by 75 bp Read Here
EU blames US debt for turmoil - No kidding Read Here
Credit spreads signal recession Read Here
US Rates to 2.5% by Spring? Read Here
Markets force Fed into desperation move Read Here
The $64,000 question - Are consumers too strapped to spend? Read Here
Citi Banker admits sovereign funds will be the savior of Wall Street Read Here
China's economy continues to grow - DESPITE U.S. slowdown Read Here
Week of January 28th, 2008
US recession will dwarf dotcom crash Read Here
Builders slash prices, but sales fall anyway Read Here
Retirees rushing to cope as economy collapses Read Here
Stimulus plan to restart housing : REUTERS Read Here
Countrywide's losses continue Read Here
Distressed debt levels continue to rise Read Here
House passes the Great Giveaway - Round 1 Read Here
US loses jobs for the first time in 4 years Read Here
US can't dodge a recession Read Here
Anemic December consumer spending Read Here
High anxiety for 401(k) investors Read Here
Week of February 4th, 2008
Concern over US economy is the highest in years Read Here
Bears turned to Dollar Bulls by Bernanke? Read Here
Bush seeks to pile on to the National Debt with final budget Read Here
Making the case for a rigged market Read Here
Service shrinkage sinks stocks Read Here
Consumer confidence sinks even lower Read Here
Gift cards being used for necessities Read Here
Losses on bad loans spur banks to raise credit card rates Read Here
Bear Stearns profits from subprime demise AND the bailout Read Here
Congress tries to buy votes with a $168 Billion 'stimulus' package Read Here
Week of February 11th, 2008
Experts see housing slump only beginning Read Here
Chavez threatens to end oil exports to the US Read Here
BAC, Chevron to replace Altria, Honeywell in DOW 30 Read Here
Lenders throw subrpime a thin line Read Here
Buffett to help bond insurers: the bailouts continue Read Here
GM loses $722 MILLION - offers buyout to UAW workers Read Here
Chavez cuts off oil sales to Exxon-Mobil Read Here
The declining Dollar Read Here
Sound familiar? You heard it from My Two Cents first! Read Here
Depression risk might force US to buy assets? Read Here
Venezuelan embargo won't hurt supply: Claim Read Here
Week of Feburary 18th, 2008
Look out below if long rates go higher Read Here
Countrywide says foreclosure rate at new record Read Here
What's to come - Bank Nationalization Read Here
Oil closes above $100 for the first time EVER Read Here
As lending tightens, education could suffer Read Here
Most Americans unprepared for retirement Read Here
America's economy risks the mother of all meltdowns Read Here
Bankers fighting mortgage rewrite proposals Read Here
Barclays raises 2015 US Crude price to $137 Read Here
Expect food prices to keep rising Read Here
Week of February 25th, 2008
Shoppers warned bigger food bills are on the way Read Here
Tips for slow economy Read Here
Bill Gross: Fed cuts will not help housing Read Here
Homeowners losing lines of credit Read Here
There's some belt-tightening going on Read Here
Existing home sales at 9 year low Read Here
Bernanke fails to cut rates for most Americans Read Here
Euro sails through $1.50, a new record Read Here
Inflation may be worse than we think Read Here
Another economist following in the David Lereah tradition Read Here
Gas prices on the rise again Read Here
Alt-A mortgage securities tumble, signlaling more losses Read Here
Crude oil hits new high; natural gas surges Read Here
Defensive Ben Read Here
Treasury tells a scary story Read Here
Chicago purchasing index sinks to 6-year low Read Here
Inflation erodes consumer spending gains Read Here
Week of March 3rd, 2008
Americans addicted to debt says survey Read Here
Dollar resumes dive Read Here
Consumer spending stalls in January Read Here
Say 'goodbye' to granite countertops Read Here
Robbing for gas money? Read Here
Pritchard: The Fed's rescuse has failed Read Here
All the king's horses and all the king's men cannot put Citi back together again? Read Here
Foreclosures soar as homeowners 'give up' Read Here
Faber: Bernanke's policies will destory the Dollar Read Here
Mortgage delinquencies hit 23-year high Read Here
Week of March 10th, 2008
At $108 per barrel, crude becomes a new safe haven Read Here
Countrywide shares plummet after news of FBI probe Read Here
The markets are still hoping for a Fed emergency rate cut Read Here
The 'R' word is on everyone's lips Read Here
The Fed pumps: Now accepting worthless mortgages as collateral Read Here
Bas prices hit all-time high Read Here
The face-slap theory Read Here
Americans tapping 401 plans to save their homes Read Here
Consumers cash in on $1000 gold Read Here
Bailouts abound: Bear Sterans gets emergency cash Read Here
Consumer confidence at 16-year low Read Here
Dollar falls below parity with Swiss Franc Read Here
Dollar sinks to multi-year low against Yen; record low vs. Euro Read Here
Week of March 17th, 2008
FED saves the financial markets (AGAIN) Read Here
FED trying to avoid a full blown financial crisis Read Here
Bear Stearns bailout a sign of the times Read Here
Houses left behind to pay car, credit card bills Read Here
Global Capitalism teeters on the bring Read Here
Americans in sour mood over the economy Read Here
Lower rates can hurt savers, retirees Read Here
A slice of pizza gets pricier Read Here
Leading indicators signal recession; manufacturing weakens Read Here
Banks planning to us YOUR money to bail themselves out? Read Here
Week of March 24th, 2008
Bear Stearns suddenly worth 5X original offer? Read Here
Wall Street firms cut 34,000 jobs Read Here
Former Countrywide executives looking to cash in on their own handiwork Read Here
Social Security / Medicare Trustees sound alarm Read Here
Paulson reviewing regulation of investment banks Read Here
Something's gotta give during tough times Read Here
Consumer confidence crumbling Read Here
Debt rises among older people Read Here
Investment banks taking the Fed up on its offer of free money Read Here
A hungry World Read Here
Week of March 31st, 2008
Paulson advocates even more regulation in financial markets Read Here
Fuel costs drive truckers' anger Read Here
Student Loans feel the crunch Read Here
Bet on Central Banks helping the Fed inflate Read Here
MBIA loses AAA Credit Rating Read Here
Jobs lost, unemployment spikes up Read Here
Shoppers scrimp as food prices rise Read Here
Late payment of consumer loans highest since 1992 Read Here
Week of April 7th, 2008
$4 gas this spring to curb demand? Read Here
The 'Maestro' says credit crisis worst in 50 years Read Here
Market watchdog losing its bite? Read Here
Consumer borrowing slows down? Read Here
World Bank warns high food prices to persist Read Here
Amazingly, now the Fed saw it coming Read Here
Oil, gas, touch new records as inventories slip Read Here
Long commutes, gas prices crimping American dream Read Here
Trade deficit unexpectedly widens on imports Read Here
Slowdown biting into discretionary retail sales Read Here
The Long Hangover Read Here
It's a crisis and ideas are in short supply Read Here
Troubled consumers falling prey to 'rescue scams' Read Here
Week of April 14th, 2008
Oil surges to $113.66 all-time record high Read Here
Foreclosures jump 57% as defaults soar Read Here
They still don't get it; focus on core rate Read Here
Retailing chains caught in a wave of bankruptcies Read Here
Food prices rising fastest in 17 years Read Here
The next mortgage crisis Read Here
Producer price inflation a lot to swallow Read Here
Dollar plumbing new depths Read Here
Monetary Authorities clear way for intervention Read Here
Probability of US Recession High Read Here
Philadelphia Fed Index falls again Read Here
Bankruptcies up 38% in 2007 Read Here
Week of April 21st, 2008
Bank of America profit falls 77% Read Here
America to face food rationing? Read Here
Food crisis seen as the silent tsunami Read Here
Lenders continue to be swamped with delinquent mortgages Read Here
Fed Bailout - $360B - to date Read Here
Mom's new battle - The food price bulge Read Here
Wal-Mart unit limits rice purchases amid shortage Read Here
Era of cheap food ends as prices surge Read Here
Leading indicator? Starbucks warns on profits Read Here
Mortgage approvals at 10-year low Read Here
Gasoline demand falling? Read Here
Treasury Undersecretary says it is 'premature' to call an end to the credit crisis Read Here
States fiscal condition 'deteriorating' Read Here
Unpaid utility bills soar as economy sags Read Here
Week of April 28th, 2008
Budget deficits soar as Japanese cringe at falling Dollar Read Here
Talk is cheap, can Ben afford to play Volcker Read Here
Retailers dangle discounts to lure tax rebate checks Read Here
Why you shouldn't spend your rebate check Read Here
Consumers hit the brakes; will the economy hit the wall? Read Here
Some Chinese exporters prefer Euros to Dollars Read Here
Underwater prime and alt-a mortgages to swell by midyear Read Here
China may revalue Yuan by 10-15% Read Here
$6 TRILLION in housing wealth - gone Read Here
'Good' News! Only 20,000 jobs lost Read Here
Asia getting Fed up with Bernanke's rate cuts Read Here
Ben's Bind Read Here
Fed talks strong Dollar, inflates behind closed doors Read Here
Gas tax holiday wouldn't help drivers much Read Here
Week of May 5th, 2008
Service sector finds smaller contraction Read Here
What Uncle Sam giveth, OPEC taketh away Read Here
Debt-economy stumbles as banks cut lifelines Read Here
Get ready for a long seige? History says 'yes' Read Here
Fannie Mae loses $2.19 Billion; needs more capital Read Here
WTIC blows through $121/bbl to $122.35 in Tuesday trading Read Here
Captain Obvious strikes again: Bernanke says mortgage markets are strained Read Here
California city to file for bankruptcy protection Read Here
Fed open mouth committiee jawboning for the Dollar Read Here
Citigroup plans to sell $400bn in assets? Read Here
IMF worries that commodities may NOT be a bubble Read Here
Week of May 12th, 2008
The web loan with the 842% interest rate Read Here
Housing market turnaround a long way off Read Here
The slump of 2008-2009 has begun Read Here
Bernanke says turmoil is 'easing' Read Here
Enormous bank losses unrecognized Read Here
10% of boomers borrowing for everyday expenses Read Here
US Consumer Confidence Slumps Read Here
Saudi's pledge to pump an extra 300K barrels of oil by June Read Here
Food prices rise most in 18 years Read Here
Inflation is tame, but you're paying more Read Here
Week of May 19th, 2008
Austrailian Dollar hits 24-year high Read Here
Squatting increases as foreclosures rise Read Here
Fed, BOE both caught between the rock and a hard place Read Here
Dollar resumes trek lower Read Here
Shuck and jive inflation stats continue; core PPI up .4% Read Here
Energy chief takes a turn jawboning oil prices Read Here
Prices of US Commercial Property plunge Read Here
The risks of rescuing borrowers Read Here
Food prices forecast to rise (only) 5% in 2008 Read Here
$12 - $15 gasoline 'inevitable' Read Here
Week of May 26th, 2008
Germany joins call for ban on commodity speculators Read Here
Oil rises above $133 on Nigeria, North Sea Read Here
Bufett sees 'long, deep' US recession Read Here
US drivers pared miles driven in March Read Here
Home prices fall the most in 20 years Read Here
Consumer confidence down as home prices continue freefal Read Here
It's about time: Regulator probes US credit rating agencies Read Here
Bankruptcy becoming the only way out for many Read Here
People resort to selling jewelry to pay bills Read Here
British PM warns of global oil shock Read Here
Many consumers spend their rebates on the cost of living Read Here
Inflation makes consumers' outlook grim Read Here
China to buy 1 million prebuilt homes for earthquake victims Read Here
April insured mortgage defaults rise Read Here
Week of June 2nd, 2008
Wachovia ousts CEO Thompson over writedowns, mortgage bonds Read Here
US manufacturing continues to shring; but less than forecast Read Here
Slow economic times mean pay cuts for many workers Read Here
Nobel Laureate Mundell says Dollar crisis looms Read Here
Americans park cars; use public transit Read Here
Bernanke resumes talking campaign to boost Dollar Read Here
GM to close 4 truck plants Read Here
Rising prices, falling Dollar, just like the 70's Read Here
Homebuilders offer bleak outlook, report more losses Read Here
More 'friendly' news provides cover to bash oil, boost Dollar Read Here
MBIA, AMBAC ratings again under scrutiny Read Here
MBIA/AMBAC ratings DOWNGRADED Read Here
Week of June 9th, 2008
Talking campaign on the Dollar in full swing Read Here
Bernanke: Economic risks have faded Read Here
Trade deficit continues to widen Read Here
Weather complicates food shortage situation Read Here
Global confidence shaken as central banks signal interest rate hikes Read Here
Bond investors forecast higher yields, falling Dollar as inflation rises Read Here
Restaurants feel squeeze from both ends Read Here
Corn prices surge to record Read Here
Dubai to buy Chrysler building for $800M Read Here
Italian grabs NYC's 'Flatiron Building' Read Here
Midwest flooding could cause further pain at the pump Read Here
Consumer prices rise the most in 6 months Read Here
US Foreclosures rise sharply in May Read Here
Week of June 16th, 2008
Crude Oil touches record high at $139.89 per barrel Monday Read Here
Summer credit fears on Wall Street Read Here
Nearly half of Wall Street Bank profits are gone Read Here
Bankruptcies increasing among seniors Read Here
Bad economy weighs heavily - literally Read Here
Price jolt - Electricity costs going up, up, up Read Here
RBS issues stock, credit crash warning Read Here
Bank of England indicates that rates will remain steady for some time Read Here
Chicken stocks tarred by rising grain prices Read Here
LEAP/2020 piles on with crash forecast Read Here
Many CEO's expect to cut jobs Read Here
Fallout from bad loans rocks regional banks Read Here
400 arrested in mortgage crackdown Read Here
Some states tangled in dire financial snares Read Here
More workers, consumers shoplift as economy worsenes Read Here
Week of June 23rd, 2008
Rising food and commodity prices create a security concern Read Here
New crisis threatens healthy banks Read Here
Citigroup to cut 10% of investment banking jobs Read Here
23 Senators refuse to discose mortgage details Reed Here
OPEC President says prices "Will not come down" Read Here
Consumer confidence plumbs new depths Read Here
Greenspan - US on brink of recession? Read Here
Case-Schiler home price index down 15.3% in May Read Here
Consumer confidence now at a 16-year low Read Here
Bad Economy scrubs city's 4th of July celebration Read Here
Fears for US consumption as housing prices fall Read Here
Illinois to sue Countrywide Read Here
Week of June 30th, 2008
OPEC now expressing concerns over demand Read Here
Saudi Arabia to you - "Get used to it" Read Here
Eli Broad says economy in worst slump since WWII Read Here
Trapped in a vicious credit crunch Read Here
IMF fears food prices may stir economic mayhem Read Here
OPEC head now sees new price rise Read Here
Economy shedding jobs at an accelerating rate Read Here
Overdue home equity credit lines highest since 1987 Read Here
Teens skip Abercrombie $50 jeans amidst $4 gas, job shortages Read Here
You can't take it with you Read Here
Week of July 7th, 2008
Recession is not the worst possible outcome Read Here
The credit crisis is going to get worse Read Here
The home equity door slams shut Read Here
G8 speaks, commodity prices fall Read Here
Fed seeks additional powers Read Here
Home prices fall in 23 of 25 metro areas Read Here
Fed sees turmoil persisting well into next year Read Here
Housing Pain to linger longer Read Here
Oil prices finding a bid on data, Iran tension Read Here
Foreigners pile up more pieces of Americana Read Here
Fannie, Freddie insolvent after recent losses Read Here
Foreclosures rose a whopping 53% in June; bank seizures triple Read Here
OPEC warns against Iran strike Read Here
Week of July 14th, 2008
Fannie/Freddie bailout a ''disaster' - Jim Rogers Read Here
Fed, Treasury in full bailout mode - AGAIN Read Here
Fair Game - Who gets stuck with the bill? Read Here
IndyMac bank seized by regulators after run by depositors Read Here
Depositors line up at failed IndyMac Read Here
Global selloff continues on banking fears Read Here
Wholesale inflation worst in 27 years even as economy grinds to a halt Read Here
US Dollar falls to $1.60 on the Euro Read Here
SEC to impose limiits on short-selling of Fannie, Freddie, brokers Read Here
More Americans are dipping into their retirement funds Read Here
Feds fight the fear factor Read Here
Consumer prices increase at a 17-year high Read Here
Week of July 21st, 2008
The global economy is at the point of maximum danger Read Here
US food companies plan hefty price increases Read Here
Borrowing from the future - Americans continue to dip into 401(k) savings Read Here
Student loan crunch hitting families as money dries up Read Here
Bank investors expect less as losses mount Read Here
Few jobs are available for teens this summer Read Here
Oil at 6 week low on speculation that Dolly may miss Gulf oil fields Read Here
Planners for the Worst: The relationship between clients and financial advisors in a bear market Read Here
Existing home sales the lowest in 10 years Read Here
Mark Zandi: "Household credit has never been worse" Read Here
Will Central Banks save the Dollar? Read Here
Foreclosures: Experts say the worst is yet to come Read Here
Second quarter home foreclosures double over same period last year Read Here
Are the American people becoming conditioned for bad times? Read Here
Week of July 28th, 2008
The $500 Billion Government Read Here
Struggling, worried banks cut off business loans Read Here
Oil Shock - This time it's different Read Here
Mortgage relief could be too little, too late Read Here
Mortgage applications slowest since 2000 Read Here
Is your student loan safe? Read Here
Surprise, surprise: Retailers 'may' pass on increased costs to consumers Read Here
The Fed moves one step closer to perpetuating auction facilities Read Here
Central Banks continue to fight fire with gasoline Read Here
Week of August 4th, 2008
Unemployment at 4 year high Read Here
Fannie Mae faces glut of unsold homes Read Here
Lenders fear a wave of loan defaults Read Here
Greenspan says more institutions face insolvency Read Here
Lies, Damn lies, and inflation statistics Read Here
Homebuilder WCI files for bankruptcy protectcion Read Here
Inflation takes the steam out of spending Read Here
Freddie Mac slashes dividend amid increasing losses Read Here
AMBAC doesnt like losses - changes accounting rules to make a profit Read Here
Morgan Stanley freezes Home Equity Credit Lines Read Here
I.O.U.S.A Read Here
'Class of 2007' mortgages going bad at an alarming rate Read Here
40% still think their homes are increasing in value Read Here
Week of August 11th, 2008
Dollar's Rally signals more pain as traders look to lock in gains Read Here
America's decline will not be easily reversed Read Here
Credit Unions now reporting mortgage-related losses Read Here
Foreign capital funds now focusing on US residential housing? Read Here
A year later, the credit system is still broken Read Here
Subprime losses top $500 Billion Read Here
July Treasury Budget deficit a record on rebates Read Here
Consumer prices rising at a torrid pace not matched in 17 years Read Here
40% of Denver homes sold at a loss Read Here
Why the buck stops here Read Here
Banks promoted American 'Debt Culture' Read Here
Foreclosures up 55%; bank seizures at all-time high Read Here
Week of August 18th, 2008
Mortgage rates for prime borrowers continue to rise Read Here
Cracks appearing in Commercial Real Estate Read Here
Bernanke claims inflation will fall Read Here
As gas prices drop, so will food, right?.....Wrong Read Here
Week of August 25th, 2008
FBI saw the mortgage crisis coming? Read Here
Housing appraisers are under pressure to 'make the numbers' Read Here
Home prices plunge in July Read Here
Labor Day trips are skipped due to higher prices Read Here
China engaging in stealth Dollar support Read Here
Home prices fall by sharpest rate ever Read Here
US Banking "Problem List" rises by 30% in Second Quarter Read Here
FDIC: Now 117 troubled banks Read Here
Russia raises military option in response to missle shield Read Here
FDIC Chari expects the credit crisis to worsen Read Here
US bankruptcies up 29% Read Here
US shoppers spurning their credit cards? Read Here
Consumer spending slows as prices rise most in 17 years Read Here
Week of September 1st, 2008
The road to a bailout they don't deserve Read Here
Weak economy set to hit credit card companies hard Read Here
Morgan's Roach says economic slowdown has only begun Read Here
Inflation accelerates even as consumer spending slows Read Here
Jobless rate explodes to 5-year high Read Here
Lower oil prices not enough? Read Here
Dallas Fed's Fisher sees anemic growth into 2009 Read Here
More and more workers raiding 401k's Read Here
Week of September 8th, 2008
US Government seizes mortgage giants Read Here
Taxpayers assume full risk in the latest bailout Read Here
WaMu offers CEO as sacrifice amid losses Read Here
US Treasury credit default swaps rise to record Read Here
Bunning calls for Paulson's resignation over socialist behavior Read Here
Star-studded FNM Board of Directors asleep at the switch Read Here
Oil drops to near $100 as OPEC maintains output Read Here
Lehman loses $3.9 Billion; plans asset sales Read Here
Pending home sales decline more than forecast Read Here
Distressed junk bonds signal impending European default? Read Here
Subprime crisis spurs private lawsuits Read Here
Lehman races to find a buyer as Fed, Treasury pledge assistance Read Here
US government goes hat in hand begging foreigners to hold GSE bonds Read Here
Week of September 15th, 2008
Lehman files for Chapter 11 bankruptcy after buyer cannot be found Read Here
Bank of America picksup Merrill Lynch for $50 Billion Read Here
Lehman's is the largest bankruptcy in history Read Here
Abu Dhabi and other soverign funds sitting on the sidelines Read Here
Who's next after Lehman? Read Here
Washington Mutual's bonds cut to junk Read Here
The Fed pumps the most since 9/11 Read Here
Overnight rates double as banks hoard cash - Fed irrelevant? Read Here
US Financial consolidation continues as the Fed takes 80% stake in AIG Read Here
Russia halts trading a second day, pumps $44 Billion as crisis continues Read Here
Credit markets experience almost complete seizure after Feds bail out AIG Read Here
FDIC's insurance fund dwindling Read Here
Panic grips credit markets Read Here
Fed, other Central Banks pump $247 Billion into financial system to postpone collapse Read Here
US proposes massive bailout to save financial system Read Here
Wall Street borrowing reaches record / Fed loans $28B to AIG Read Here
Week of September 22nd, 2008
Oil surges $11/barrel on inflationary bailout proposal Read Here
Goldman, Morgan become banks - seek your deposits to avoid bankruptcy Read Here
The end is near for our free market economy Read Here
Uncle Sam becomes the world's biggest hedge fund Read Here
Consumer pain spreads as credit vise tightens Read Here
Handouts for all? Lennar next in line at government begging bowl; asks for assistance Read Here
OTC Derivative markets to be regulated? Read Here
Why the rich get richer - Kioyosaki - Read Here
Paulson's deficit may push Dollar down to record Read Here
US losing (lost?) its superpower status Read Here
Bernanke About-Face - now sees 'grave threats' Read Here
FDIC may need an additional $150 Billion as bank failures mount Read Here
Week of September 29th, 2008
The Fed pumps an additional $630 Billion into banking system Read Here
Citgroup buys Wachovia - with help from FDIC Read Here
Bailouts for all - Congress lavishes auto industry with $25 billion Read Here
Commentary - It's time to take a hard look at Washington Read Here
Home prices continue to fall indicating the market still hasn't hit bottom Read Here
Consumer spending slows as stimulus fades Read Here
Small businesses report economy is weakening Read Here
Financial carnage leaves Americans fearing the worst Read Here
Severe fuel shortage grips Southeast Read Here
This downturn has just begun Read Here
The next shoe to drop - Credit Card Debt Read Here
Voting against the bailout still makes sense Read Here
Wachovia faced silent run, funding crisis? Read Here
House plans second vote on bailout bill Read Here
159,000 jobs lost in September Read Here
Hey buddy, can you spare a dime? California may need as much as $7 Billion Read Here
What you never heard about the bailout bill Read Here
Bloomberg sounds the alarm on deflation? Read Here
Week of October 6th, 2008
The end of the American Order Read Here
Fed sees itself lending to everyone - except you Read Here
NJ offers preview of economic woes still to come Read Here
The Fed will now buy commercial paper Read Here
Congressional budget analyst says retirement plans have lost $2 Trillion in the past 15 months Read Here
Is now a good time to panic? Read Here
Fed, other central banks lower rates in concert to open lending markets Read Here
Creating a Great Depression Read Here
Perhaps the best leading indicator of all - consumer credit falls at 3.7% rate in August Read Here
Iceland teeters on the brink of bankruptcy Read Here
OPEC Members seeking emergency meeting on prices Read Here
Retirees flee stocks to save shrinking nest eggs Read Here
S&P driven to its worst week on record as crisis deepens Read Here
Gun-toting officers fight Germany's underground economy Read Here
World leaders to close financial markets???? Read Here
Week of October 13th, 2008
Shipping sector hit by credit crisis Read Here
Credit squeeze hits home Read Here
Fed continues to unleash B-52's; now auctioning unlimited Dollars Read Here
Captain Obvious Strikes again - Fed official hints at recession Read Here
What went wrong? Read Here
Paulson lacks leverage to compel banks to put cash to work? Read Here
Federal budget deficit (admitted) balloons to $455 Billion Read Here
Credit and equity lines cut as crisis hits home Read Here
Poll: US mood turns foul as crisis deepens Read Here
Bernanke: The recession that didn't exist will be here for a while Read Here
Consumer confidence falls by record amount Read Here
Circling the Wagons: Lehman the subject of three Grand Jury probes Read Here
"Armageddon" bond prices still fail to attract investors Read Here
Banks borrowed $437.5 BILLION from the Fed last week Read Here
Week of October 20th, 2008
FINRA investigating market close price swings Read Here
Merrill Lynch job losses will be in the thousands Read Here
Chinese GDP growth 'cools' to under 10% Read Here
Reversal: Bernanke, Bush now in favor of second stimulus Read Here
New York joins California in budget abyss Read Here
The Fed will now buy money market assets Read Here
Rating agencies 'Sold their souls' for higher salaries Read Here
Underwater mortgages a major threat to the US Read Here
US Foreclosures continue - up 71% in Q3 Read Here
GM halts matching payments to 401(k) plans to cut costs Read Here
Merck to cut 7200 jobs as profits fall Read Here
Greenspan admits 'flaws', but pushes blame on free markets Read Here
Venezuela strugging to keep the lights on Read Here
Overnight LIBOR for Dollars increases as banks hoard cash once again Read Here
S&P, NASDAQ futures trip 'limit down' circuit breakers Read Here
Mainstream media preparing markets for a shutdown? Read Here
Week of October 27th, 2008
Trial lawyers see bonanza from collapse of Lehman, AIG Read Here
Panic in US futures rattles worldwide markets Read Here
Roubini - "The worst is yet to come" Read Here
Bankrupt Wall Street firms still have $20 BILLION for bonuses Read Here
Adjustments loom large as credit landscape squeezes consumers Read Here
Consumer confidence has worst reading ever in October Read Here
US Treasury to face 'unprecedented' borrowing needs - Official Read Here
White House tells banks to stop hoarding bailout money Read Here
GM jumps on bandwagon, calling the bottom of the 'downturn' Read Here
Starbucks indicates the worst is over Read Here
Greenspan asleep at the switch? Read Here
VISA warns of tough three years coming Read Here
Bank 'borrowing' from Fed continues to accelerate Read Here
Week of November 3rd, 2008
Economists now see recession through 2009 Read Here
Stimulus II - Can more spending spur a recovery? Read Here
Manufacturing contracts at fastest pace since 1982 on credit woes Read Here
Ford's US October auto sales fall 30% Read Here
Treasury will seek to borrow $550 Billion in 4th quarter 2008 Read Here
Bankrupt Treasury wants to buy a stake in even more firms Read Here
Circuit City prepares for dismal shopping season Read Here
Visa, Mastercard or.....Debit? Read Here
Firms strike 401(k) matches Read Here
Real Estate looks grim in 2009 Read Here
Service sector Index falls to lowest level on record Read Here
Toyota warns of 'unprededented crisis' Read Here
Credit default swap disclosures obscures true financial risks Read Here
Number of Americans continuing to receive unemployment benefits at 25-year high Read Here
Economy purges 240,000 jobs in October - Rate now 6.5% Read Here
Bloomberg News sues the Federal Reserve for disclosure of bank loans Read Here
Week of November 10th, 2008
Congress considers confiscating retirement accounts Read Here
Fed refuses to disclose recipients of over $2 Trillion in loans Read Here
Fannie Mae loses $29 Billion on writedowns Read Here
Credit crisis claims more US victims Read Here
US Postal Service looks to cut 40K employees Read Here
GM takes inside track to Treasury begging bowl Read Here
Starbucks calls bottom in economic mess, then watches profits fall through the floor Read Here
The Fed is covering up the financial crisis Read Here
Goldman Sachs once again caught trading against their clients Read Here
Food companies shrinking products, maintaining prices Read Here
Crisis averting deals starting to unravel - is the global recession on? Read Here
AMEX now wants $3.5 Billion of bailout money Read Here
Paulson's 180 - troubled assets will not be purchased Read Here
TARP bait and switch? Read Here
Congressman demands Fed disclosure of 'secret' loans Read Here
Retail Sales fall 2.8% in October - the most on record Read Here
Freddie Mac posts record loss, asks for another $13.8 Billion Read Here
October budget deficit a record $237.8 Billion Read Here