Financial Meltdown

EUROPEAN CRISIS DEEPENS

blogs.the-american-interest.comhttp://blogs.the-american-interest.com/wrm/2011/08/18/european-crisis-deepens/ European Crisis Deepens | Via Meadia The bad news just keeps coming. Coming close on the recent revelation that economic growth is slowing faster than expected in France and Germany, British labor figures have disappointed forecasters and it seems that Greece is heading for yet another recession despite optimistic predictions to the contrary. A familiar […]

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ON MORTGAGE RATES, OBAMA WANTS PROPOSAL FOR HOW GOVERNMENT CAN KEEP BIG ROLE

washington post By Zachary A. Goldfarb, Updated: Monday, August 15, 10:25 PM President Obama has directed a small team of advisers to develop a proposal that would keep the government playing a major role in the nation’s mortgage market, extending a federal loan subsidy for most home buyers, according to people familiar with the matter. The decision

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A SHORT COURSE IN ITALIAN ECONOMICS

AUGUST 10, 2011 The Parthenon in Rome A short course in Italian economics. The European Central Bank has now stepped in to shore up Italian bond prices. Yet Europe’s political establishment seems amazed that investors have suddenly soured on Italy’s debt. “It is not as if the fundamentals of the Italian or Spanish economies have

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A DOWNGRADE AWAKENING

AUGUST 9, 2011 Amid the market wreckage, signs of a political turn. EXCERPT FROM THIS ARTICLE:  The downgrade uproar and even the market turmoil are signs that Americans aren’t about to accept economic decline gracefully. To adapt a famous phrase, a debt crisis is a terrible thing to waste During yesterday’s market meltdown, an old

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LIMBAUGH ON MARKET COLLAPSE

Newsmax Limbaugh on Market Collapse: Obama Engineering the Decline of America Monday, August 8, 2011 06:17 PM By: Jim Meyers Top-rated talk radio host Rush Limbaugh finds a “silver lining” in the downgrading of America’s credit rating: There no longer is any doubt that President Barack Obama can be roundly defeated in 2012. “Obamageddon —

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EURO DREAM THREATENS TO BECOME NIGHTMARE

IrishTimes.com DAN O’BRIEN Sat, Aug 06, 2011 ANALYSIS: LAST WEEKEND the world’s attention was on Washington DC as America’s politicians peered into the abyss of sovereign default. On Sunday they stepped back. This weekend attention is on Rome and Madrid. Politicians in those two capitals are sliding towards the same abyss. But there is a

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GLOBAL SELLOFF – AUGUST 4, 2011

AUGUST 5, 2011 Stocks Nose-Dive Amid Global Fears Weak Outlook, Government Debt Worries Drive Dow’s Biggest Point Drop Since ’08 By TOM LAURICELLA Stocks spiraled downward Thursday as investors buckled under the strain of the global economic slowdown and the failure of policy makers to stabilize financial markets. The selling began in Europe and continued

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BARACK OBAMA THE PESSIMIST

AUGUST 1, 2011 His lack of faith in American exceptionalism has dashed any hope of a ‘transformational’ presidency. By FOUAD AJAMI In one of the illuminating, unscripted moments of the 2008 presidential campaign, Barack Obama said—much to the dismay of his core constituency—that the Reagan presidency had been “transformational” in a way that Bill Clinton’s

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