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  • Nightmares of Financial Misery (GoldSeek.com)
    news.goldseek.com
    The astonishing news to me was that the Fed has pledged to plow $540 billion into the money market, which is composed of very short-term debt, which is, as I already said, pretty astonishing since the total money market is about $3.5 trillion, and which has had (according to Doug Noland in his Credit Bubble Bulletin) "a y-t-d expansion of $423bn, or 16.8% annualized".
  • U.S. Stocks Retreat as Earnings Concern Overshadows Stimulus (Bloomberg)
    www.bloomberg.com
    Nov. 10 (Bloomberg) -- U.S. stocks dropped as a worsening outlook for companies from Goldman Sachs Group Inc. to Google Inc. overshadowed China's $586 billion stimulus plan and pledges by the world's biggest nations to bolster economic growth.
  • World business leaders see more fiscal pain - MarketWatch
    www.marketwatch.com
    World business leaders see more fiscal pain MarketWatch - 16 hours ago Bankers, builders, borrowing cheap and lending long, built speculative real estate, borrowers took out loans based on cheap 'teaser rate' money which drove ...

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