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Consultant predicts Australian recession in 2009

posted by odell 1224 days ago in AUD, Fundamental, GDP made popular 1224 days ago

The Australian economy will slide into recession this year after an unprecedented 17 years of growth, an economic consultant said Monday.

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Britain to launch second bank rescue plan to boost lending

posted by odell 1224 days ago in GBP, Fundamental

Britain will throw its banks another multi-billion pound lifeline on Monday by allowing them to insure against steep losses and guaranteeing their debt to stop the credit crunch pushing the economy into a deep slump.

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Warren Buffett says US in 'economic Pearl Harbor'

posted by odell 1224 days ago in USD, Fundamental, Special

In an interview that aired Sunday on "Dateline NBC," the chairman and CEO of Berkshire Hathaway Inc. said the nation's economic situation is not as bad at World War II or the Great Depression, but it's still pretty severe.

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NZ economy faces year of stagnation, govt says

posted by odell 1228 days ago in NZD, GDP, Inflation made popular 1227 days ago

New Zealand's battered economy faces a year of stagnation with no recovery in sight until 2010, the government said Thursday, as it warned tens of thousands of workers will lose their jobs.

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Retail sales plummet 2.7 percent in December

posted by odell 1228 days ago in USD, Fundamental, Retail Sales made popular 1228 days ago

Retail sales plunged far more than expected in December, ending a dismal holiday season with a record sixth straight monthly decline, and there's no relief in sight as consumer demand remains weak.

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Capitalism at Risk: Live Free Or Die

posted by odell 1229 days ago in USD, Fundamental, Weekly

The Federal Reserve (Fed) has gone beyond playing with fire, and may have indeed set the house on fire. It’s one thing to push interest rates to near zero to stimulate the economy; it’s another to “monetize the debt” by printing money to buy gove

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Consumer borrowing falls by $7.94B in November

posted by odell 1234 days ago in USD, Fundamental, Consumer made popular 1234 days ago

Consumers cut back on their borrowing by a record amount in dollar terms in November, another sign of trouble for the rapidly weakening economy.

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Currencies Trading All Over the Map

posted by odell 1235 days ago in USD, Sentiment, Special made popular 1235 days ago

Currencies including the dollar and the euro have entered a period of extreme volatility that is hindering global commerce and adding further uncertainty to a world economy facing its worst downturn in decade.

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Fed: Economic woes will last despite radical moves

posted by odell 1236 days ago in USD, Fundamental, GDP

Even as Federal Reserve officials slashed their key interest rate to a record low and pledged to use other unconventional tools to fight the worst financial crisis since the 1930s, they still feared the economy would be stuck in a painful rut for

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Don't get used to cheap oil, analysts say

posted by odell 1236 days ago in USD, Oil made popular 1236 days ago

All that money you're saving these days at the gas pump? You might want to put it in the bank.

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Japan's top CEOs say crisis shows US shortcomings

posted by odell 1236 days ago in USD, JPY, Fundamental made popular 1236 days ago

apan's business leaders said Tuesday the U.S. financial crisis has shown the shortcomings of America's freewheeling approach to business, but defended the end of this nation's tradition of lifetime employment as needed to keep up with global chan

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Factory orders drop more than expected in Nov.

posted by odell 1236 days ago in USD, Fundamental, Manufacturing made popular 1236 days ago

Orders to factories fell for a record fourth straight month in November, and analysts believe manufacturing will continue to suffer in coming months as the country slogs through a recession entering its second year.

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