Wall Street tumbles on recovery woes

NEW YORK (Reuters) – U.S. stocks tumbled in a broad sell-off on Wednesday, sending the benchmark SP 500 lower for a fourth straight day, after weak data on new home sales heightened concerns about the pace of the economic recovery. Klik her for at læse hele nyheden

Dandelion Salad’s Tweets

Dandelion SaladRussiaToday October 26, 2009Although Wall Street seems to be optimistic about economic recovery in the near future, economists like George Soros and Gerald Celente warn that things could only get worse in the future. Celente calls the U.S. economic system ‘perverted.’ RT’s Dina Gusovsky gets more details from Celente. more about “Celente: Wall Street has hijacked Was…“, posted with vodpodseeRep. Barney Frank VS Ralph Nader on the Economy Rhetoric and Reality by Ralph Nader Barney

Asia markets rise as SKorea reports faster growth

BANGKOK -- Asian markets mostly rose Monday, shrugging off a fall on Wall Street as South Korea's fastest growth in seven years underscored the region's strengthening economic recovery. U.S. stocks faltered on Friday as investors dumped stocks and ...

Asian markets rise, shrugging off Wall Street fall as SKorea reports fastest growth in 7 years

Asia markets rise as SKorea reports faster growth BANGKOK ? Asian markets mostly rose Monday, shrugging off a fall on Wall Street as South Korea’s fastest growth in seven years underscored the region’s strengthening economic recovery. U.S. stocks faltered on Friday as investors dumped stocks and locked in profits after the glow of a week full of [...]

Karl Denninger: CitiBanks 29.9% Interest Rate Hike

This is the sort of thing that, in my opinion, makes meaningful economic recovery impossible. (Click for a larger copy) Here's what it says: To continue to provide our customers with access to credit, we have had to adjust our pricing. .... These changes include an increase in the variable APR for purchases to 29.99% and will take effect November 30, 2009. (It then goes on to say that if you pay on time you can get 10% of your interest charges back, which lowers the effective rate by

Important News - Oct. 15 update 1

1) Foreclosures: ‘Worst three months of all time’ Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter - a sign the plague is still spreading. 2) Capital One credit card defaults rise in September In a regulatory filing on Thursday, Capital One said the annualized net charge-off rate — debts the company believes it will never collect — for U.S. credit cards had risen to 9.77 percent in September from 9.32 percent in August.

Workers to Obama: No Recovery in Sight

After the recent unemployment numbers were announced, smug politicians promising economic recovery stuttered a bit. This wasn’t supposed to happen. Mainstream economists were predicting a smooth upswing in employment, but in September 263,000 more jobs were lost, 62,000 more than August. Obama reacted predictably to the surprise. He first pointed out that “employment is the last thing to recover from a recession,” and concluded that “…we are going to need to grind out this recovery, step b

Asian markets mark mute Monday

Sensex, Sydney, Seoul finish lowerStock market in Asian region remained subdued for third session on Monday 5 October 2009, led by technology and mining companies, as economist Nouriel Roubini said share prices may drop and a report showed the US lost more jobs than estimated. New York University Professor Nouriel Roubini, who predicted the financial crisis, said stock and commodity markets might drop in coming months as the gradual pace of the economic recovery disappoints investors.On Wall Str

Economic Recovery – A Cruel Deception

By Devvy Exclusively for The US ~ ObserverSeptember 4, 2009“The New Deal will bring the Communist Party within striking distance of overthrow of the American form of government. …” Arthur Henning, Chicago Tribune (1935), “… The New Deal is to America what the early phase of Nazism was to Germany.” Mark Sullivan of the Buffalo Evening News (1935)While Democrats hold FDR up as an icon, nothing could be further from the truth. FDR prolonged the “Great Depression” by at least a decade because of the

Economic recovery underway – a cruel deception ~ By: Devvy

Economic recovery underway – a cruel deceptionEconomic recovery underway – a cruel deceptionBy DevvyExclusively for The US ~ ObserverSeptember 4, 2009“The New Deal will bring the Communist Party within striking distance of overthrow of the American form of government. …” Arthur Henning, Chicago Tribune (1935), “… The New Deal is to America what the early phase of Nazism was to Germany.” Mark Sullivan of the Buffalo Evening News (1935)While Democrats hold FDR up as an icon, nothing could be furth

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