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Trade-Exchange Rates

  • UN fears world recession
    10 January 2008 par (Open-Publishing)

    UN fears world recession
    January 10, 2008 07:40am
    THE United Nations has warned of "clear and present dangers" that the United States will take the world economy to a near standstill this year.
    As some of world finance’s leading analysts predict a US recession this year, the world body says America’s problems with housing credit and a weakening currency threaten to drag the world into an economic morass.
    In an annual report, the world body forecast global economic growth at 3.4 per (…)

  • Plunge Protection Team Rescues Stocks
    10 January 2008 par (Open-Publishing)

    Take a good look at the chart because you’re sure to see similar examples in the near future.
    It is a classic example of sad, clueless, old Republican money attempting to rescue the stock market from a certain death. These are largely the same people who stole the presidency in 200 and 2004 and just last night stole the New Hampshire primary for Hillary Clinton (yes, the Clintons are nothing but brutal, slow, decadent Republicans wearing Democrat’s clothes, and Hillary is far easier to (…)

  • Bush convenes Plunge Protection Team
    9 January 2008 par (Open-Publishing)

    Bush convenes Plunge Protection Team
    By Ambrose Evans-Pritchard, International Business Editor
    Last Updated: 12:05am GMT 08/01/2008
    Bears beware. The New Deal of 2008 is in the works. The US Treasury is about to shower households with rebate cheques to head off a full-blown slump, and save the Bush presidency. On Friday, Mr Bush convened the so-called Plunge Protection Team for its first known meeting in the Oval Office. The black arts unit - officially the President’s Working Group on (…)

  • Countrywide Loses Most Since 1987 on Funding Concern
    9 January 2008 par (Open-Publishing)

    Countrywide Loses Most Since 1987 on Funding Concern
    By Jeff Kearns and Lynn Thomasson
    Jan. 8 (Bloomberg) — Countrywide Financial Corp. dropped the most since Black Monday in October 1987 in New York trading on speculation that it needs cash to continue operating its mortgage business.
    There’s some sort of rumor that they would go under, but it’s purely a rumor,’’ said Thomas Garcia, head of trading at Thornburg Investment Management, which oversees about $50 billion in Santa Fe, New (…)

  • European Central Bank pumps $500 bn into banking system
    30 December 2007 par (Open-Publishing)

    TO SUCCEED over the global credit crunch in aftermath of sub-prime crisis, the European Central Bank (ECB) has announced to grant a record double loan to its banks. The ECB has decided to pump 348.6 billion euros ($501.5 billion) into the banking system through its banks. Though lending to banks at 4.21% rate of interest is available only for two weeks, it is expected that the grant will boost the diminishing confidence of the bank.
    Ravi Kant 19 December 2007, Wednesday
    The sub-prime (…)

  • Credit Crunch vs. Central Banks - You Lose
    28 December 2007 par (Open-Publishing)

    Credit Crunch vs. Central Banks - You Lose
    by gjohnsit
    Wed Dec 26, 2007 at 10:04:38 AM PST
    "If I had to be bold I’d say we began a recession in December." - Bill Gross, Pimco Funds founder
    The credit crunch that started in August is threatening to bring the economies of the entire 1st world to a grinding halt. To combat that the central banks of America and Europe are pumping cheap money into the markets at an unprecedented rate. These actions are not without consequences. (…)

  • Fed: Another $20B Auctioned to Banks
    22 December 2007 par (Open-Publishing)

    Fed: Another $20B Auctioned to Banks
    Friday December 21, 11:05 am ET By Martin Crutsinger, AP Economics Writer
    Fed Has Auctioned Another $20B in Funds to Commercial Banks to Combat Credit Crunch
    WASHINGTON (AP) — The Federal Reserve, working to combat the effects of a severe credit crunch, announced Friday it had auctioned another $20 billion in funds to commercial banks at an interest rate of 4.67 percent. Fed officials pledged to continue with the auctions "for as long as (…)

  • Union Group Stages Countrywide Protest in San Francisco
    20 December 2007 par (Open-Publishing)

    Labor union “Unite Here” held a protest outside Countrywide’s financial center in San Francisco today (19 dec), expanding their ongoing “Don’t Deposit at Countrywide” campaign.
    Protestors held signs that read “Don’t feed the bank that bites you” and passed out leaflets to passer-bys with the message, “Don’t Feed the Animals.”
    The group wants Countrywide to help the scores of at-risk borrowers who are already behind on their mortgages, a group the union believes will be ignored in favor (…)

  • Carlyle group chief buys the Magna Carta
    19 December 2007 par (Open-Publishing)

    Ironic the propigators of zionism should want a document which enshrines the Rule of Law. They probably want to erase evidence of Habeas Corpus
    – http://www.economicsbriefing.com/20...

  • Forecast: U.S. dollar could plunge 90 pct
    10 December 2007 par (Open-Publishing)
    3 comments

    Forecast: U.S. dollar could plunge 90 pct
    UPI – via Information Clearing House November 24, 2007
    A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.
    "We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."
    "The bigger they are, the harder they’ll fall," he said in an (…)