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Bitcoin Cash: $ USD
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But if a state-owned bank were to go under, the consequences could be disastrous for the whole economy.
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When the magnitude of these losses are finally grasped by the Japanese and foreign investors alike, the Nikkei isn't just going to tank, it is going to be vaporized! And when all that liquidation occurs, guess what happens.
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And the coming Economic Bankruptcy of America - Flyer for Patrick Wood Event – Feb. 23.
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French and German students undergo a dangerous indoctrination. Taught that economic principles such as capitalism, free markets, and entrepreneurship are savage, unhealthy, and immoral, they are raised on a diet of prejudice and bias.
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In New York their meetings will include financier David Rockefeller, New York Governor Eliot Spitzer, New York Federal Reserve president Timothy Geithner, and UN Secretary General Ban Ki-moon.
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The Tokyo bourse has crumbled, suffering the worst start to the year since the Second World War. The Nikkei index is down 17 per cent since Christmas, and the shares of Japanese banks are leading the slide.
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Taking over Northern Rock is not a ticket for a “gravy train”, the man leading Virgin’s bid for the stricken lender said last night as he tried to counter suggestions that the consortium would make a killing at the taxpayers’ expense. Sir Brian Pitma
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U.S. central banks may have less than half the gold they claim to possess in their vaults, charges a watchdog group in an ad scheduled for publication in the Wall Street Journal this week.
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Still, when adjusted for inflation, gold remains well below its all-time highs in 1980. An ounce of gold at $940 then would be worth about $2,400 today.
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New York Times columnist and Princeton University Economics professor Paul Krugman visits UC Berkeley to discuss the war on Iraq and the American economy. Series: UC Berkeley Graduate School of Journalism presents...
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Europe's Dow Jones Stoxx 600 Index has tumbled as much as 24 percent from a six-year high on June 1. Tumbling equity markets prompted 24 companies this month to halt plans for initial public offerings, the most in at least a decade.
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Stock markets across Asia tumbled Monday, with the Shanghai Composite leading the sell-off with a 5.5 pct decline.
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(The U.S. Market will open in a couple of hours to a blood bath, news will focus on more inflation producing efforts by the Federal Reserve to come this week and then Bush will face the nation tonight in his final State of the Union,... interesting)
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Up to 10 European hedge funds have suspended redemptions after investors clamored for their cash when the managers made severe losses.
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Lawyers for investment funds and pension plans, including the University of California's pension plan, had sued Merrill Lynch and the other bankers, seeking to recover more than $30 billion that was lost when Enron folded in 2001.
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Sensex and Nifty both opened with an over 10% cut and hit the lower circuit - the trading got halted for one hour, in only the fourth time in Indian history. In Japan the Nikkei is down 5.5%....
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Stocks listed in Hong Kong tumbled Tuesday, with the benchmark index racking up its second consecutive 1,000-plus point loss amid what brokers said was higher risk aversion and the unwinding....
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Japan's stocks plunged, with the Nikkei 225 Stock Average set for its worst two-day drop in more than a decade. The yen strengthened while commodities prices and European shares plunged, adding to concern world economic growth is faltering.
Those misguided souls who thought Asia or Europe would decouple from the US were badly mistaken. Internal demand in China cannot possibly make up for a falling demand in the US, UK and now Europe.
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Stocks in Europe sold off massively on Monday, with banks and insurance firms pacing a hasty retreat, as fears of more asset write-downs intensified amid continuing gloom over economic prospects.
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Monday has proved another black day for Indian Stock Market as on Jan 21, 2008. Indian bourses have seen the biggest ever fall in the stock Market history breaking all major supporting levels.
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China's central bank on Sunday poured cold water on the idea that the country's economy can decouple from the United States. China's exports will be badly hit if U.S. consumption weakens, Zhang Tao, deputy head of the international dep
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Last May, a Saudi Arabian conglomerate bought a Massachusetts plastics maker. In November, a French company established a new factory in Adrian, Mich., adding 189 automotive jobs to an area accustomed to layoffs.
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Since the disastrous performance of that investment – shares have fallen 40% since the IPO – Beijing has changed its mantra. Rather than emphasizing the need for high returns, the government now stresses the importance of not losing money.
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Asia is home to the world's freest _ and most repressed _ economies, but Europe ranked highest as a region in terms of economic freedom, an annual report released Tuesday by the Heritage Foundation and Wall Street Journal said.
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So one could take that calculation as a starting point. A downturn lasting two years could easily trigger payments streams of a multiple of $250bn.
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Concerns that state investors, including those in Gulf oil exporters would shift assets away from the dollar helped drive the U.S. unit to record lows on global markets last year.
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Charlie Gasparino reported on CNBC that sources inside the firm have told him the Citigroup write downs could be $24 billion when earnings are announced next Tuesday.
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A study was released today detailing the best and worst of economic news and indicators for 2007. A decidedly mixed bag, it has something for optimists and pessimists alike. Particularly, the pessimists.
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SYDNEY (Reuters) - The dollar skidded to fresh lows on Monday as speculation of more U.S. interest rate cuts enhanced the euro's yield advantage, while the yen benefited from a reluctance to hold risky positions over the holidays.
