Archive for February 3rd, 2008
Struggling Banks Get Foreign Investment
It seems as though xenophobia has an inverse relationship to the ebb and flow of the stock market. As stocks prices sink under the gathering economic gloom brought on by the collapsing housing bubble, paranoia about sovereign wealth funds started to rise. These funds are made up of the accumulated savings of developing nations, such [...]
Employment Report Lands with a Thud- by Greg Strid
Thud. That was the sound of January’s dismal payroll
number as it landed in the collective face of overly
optimistic Wall Street economists early Friday morning.
Non-farm payrolls contracted by 17,000 last month, marking
the first decline since the summer of 2003. The “thud†that
was heard around the world’s trading salons was the result
of reality smacking fantasy for a [...]
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