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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: arun gera who wrote (93251)1/23/2009 11:52:14 PM
From: mishedlo3 Recommendations  Read Replies (1) | Respond to of 116555
 
Unprecedented Crisis In US, UK, Australia, Europe
globaleconomicanalysis.blogspot.com
Today was like most any day in recent memory: Another day, Another day of grim news.

In the US, President Obama is struggling to cope with an "unprecedented crisis", regulators closed Centennial Bank in California, Freddie Mac is asking for more cash, and 30 year bonds are getting shellacked.

Overseas, French and Flemish governments are intervening in the markets, the UK is shrinking at the fastest pace since 1980, and Australia needs action to save jobs. Rounding up the grim news, 1.2 million corporate networks have become infected with worms that attack Microsoft Corp.’s Windows operating system. ...
Mish