Tuesday, 16 September 2008

Alice's bubble wrap

Banking crisis: Is Britain heading for the worst recession since the 1930s?

Maybe.....

Down and Out in Wall Street

Slate offering a US news round-up on the stock market crash.

50% Retracement of 2002-2007 Rally

The stock market is crawling back those post dot.com bubble gains.

Spanish Property Prices Continue To Fall

Things are getting really bad on "the costas."

"Propertywire reports that prices on the coasts fell by over 8.3 per cent in the 12 months to the end of August, according to figures by Tinsa, one of Spain's largest appraisal companies. This compares with an average drop of 4.6 per cent for the whole of Spain."

Shares in Irish financials fall as concern deepens

The latest from the other great eurozone housing bubble.

Scary picture of Paulson

He turned out to be a nightmare for Lehmans.

Fed Adds $50 Billion to Banking System After $70 Billion Injection Yesterday

Central banks are pumping in oceans of money into their respective banking systems.

The Wall Street crisis and the failure of American capitalism

"The end of Lehman Brothers and Merrill Lynch, two of the largest Wall Street investment banks, one week after the government takeover of the mortgage finance giants Fannie Mae and Freddie Mac, marks a new stage in the convulsive crisis of American capitalism."

The "convulsive crisis of American capitalism" - I wish I had thought of that.

2 comments:

Anonymous said...

Dear Alice,

Thank you for posting the article.

Keep on with the good work!

Rambo

electro-kevin said...

Spanish property prices falling and cost of flying escalating.

I know a few smug bastards who'll be embarassed that they were so boastful.