Oct 22 2007
Housing, Credit, Oil, Geo-Politics: Don’t Make For Good Economic Prognosis
Nice news for a Monday a.m. to leave you wondering if confidence in the global and U.S. economy is going to last:
- US loan default problems widen to credit cards, auto loans, and more
- Fed Gives Barclays and RBS $30bn Credit Line for client Bailout
- World oil production has already peaked and will fall by half as soon as 2030
- Turkish Prime Minister: Does not need U.S. permission to defend his country
- Asian stocks fall the most in two months, extending a global rout
- London Braced for repeat of Black Monday
- Credit squeeze and criticisms deepen crisis
- Call for $75bn Super SIV Fund to have Transparency
The sky has already fallen:
http://blogs.telegraph.co.uk/business/ambrosevanspritchard/oct07/skyhasfallen.htm