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Economy - Economics USA

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caps.fool.com/blogs/

Edward I. Altman, a finance professor at New York University, says he thinks the rate will probably be in the range of 13 to 15 percent, but could go as high as 19 percent this year. If the recession continues into 2010, he fears that year could see

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CalculatedRiskblog.com

Krugman: I'm in the camp that really worries about the L-shaped recession. We level off but we don't get the recovery. We hope it isn't, but it has all the markings of it. This looks like the kind of slump that has all the markings of whe

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arclein

Leading the market down to find a bid or two is vastly damaging. The inventory is carried on the books as worth a certain market price. Selling a house below that price means that you write down the entire inventory. How stupid is that?

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CNBC.com

“Complexity causes fragility,” he said. “You’re no longer riding a horse—you’re flying a Concorde. A horse doesn’t explode but a Concorde can have a problem. We now have a Concorde in our hands.”

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dailyfinance.com/

Meredith Whitney is quite worried about regional banks, saying they may struggle to pass government stress tests because of their commercial real estate investment. But it's not just regional banks she's concerned about. "I am staying aw

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By David Ellis, CNNMoney.com

NEW YORK (CNNMoney.com) -- Profits at American Express declined by more than half in the latest quarter, the company said Thursday, as spending by cardmembers slowed and credit troubles continued to mount.

News Link • Global Reported By Lauren Roseman
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optionarmageddon.ml-implode.com/

”Basically these people are betting the big banks will be forced into some sort of default. Now, if enough people bet that, and if the banks can’t draw on enough external support, which in their case would be from the U.S. government, then these runs

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In 1919 a German citizen purchased a loaf of bread for 26 pfennigs. Just four years later in November, 1923 that same loaf of bread cost the German citizen 80 billion marks. In the former Yugoslavia between October, 1993 and January, 1995 the cost

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By Travis Reed, Associated Press, Newsvine.com

FORT PIERCE- A South Florida county that rode high through the housing boom earlier this decade, then crashed hard when the foreclosure crisis struck, declared a state of economic emergency on Tuesday.

News Link • Global Reported By Lauren Roseman
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themessthatgreenspanmade.blogspot.com/

Uber-bank analyst Meredith Whitney talks about the one-time and technical factors that contributed to the recent stellar earnings by big banks during the first quarter. Meredith now expects $2.7 trillion to be removed from credit card lines...

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Ritholtz.com/blog/

“Although perfectly legal, this move is also perfectly delusional, because some day soon these assets will be written down to their fair value, and it won’t be pretty.” Steven Roth, professor of management at the Tuck School of Business at Dartmouth

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CNBC.com

Well-known economist Nouriel Roubini, one of the few experts to foresee the current global crisis, said Tuesday a recent "suckers rally" in stock markets would fade as the U.S. economy continues to wither and the financial system suffers un

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