With dollar it its low Europe starts singing recession - Barclays, ING, SAP, BMW lead European stocks to biggest weekly decline since July
Paula Zuba
Nov. 10, 2007

The low dollar and declining exports to US is having major impact on the European economy. The Euro zone has started singing the tune of recession. Royal Bank of Scotland Group Plc, ING Groep NV and Barclays Plc tumbled by more than 10 percent on speculation they face losses from the collapse of credit-related securities.

Industrials and tech stocks like SAP and BMW also joined the ‘R’ slogan as they declines massively last week. SAP and BMW is leading a decline by companies that rely on the U.S. for earnings as the dollar sank to a record low against the euro.

With dollar it its low Europe starts singing recession - Barclays, ING, SAP, BMW lead European stocks to biggest weekly decline since July
Paula Zuba
The low dollar and declining exports to US is having major impact on the European economy. The Euro zone has started singing the tune of recession.
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Dow Jones Industrail Average headed for 11,000 by end of 2007 – what the impact on the job market and economy?
Peter Oberois
UBS is capping 2007 cash pay for bankers and traders at $750,000, with a bigger portion of total compensation coming from stock. It is the first visible sign of weakness in the high flying financial job markets.
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As mortgage meltdown moves from subprime sector to prime, Bernanke sets out jumbo mortgage plan – can it help in stopping the slow but steady financial meltdown?
Alan Hershey
Mr Bernanke told Congress he would support raising the limit on the size of the individual loans eligible for government-sponsored mortgage finance from $417,000 to $1m on a temporary basis.
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Weak dollar boosts US exports –will it be enough to avoid a depression?
Marla Guthrie
The biggest question of the day is just one. Will the increase in exports be enough to offset the effects of mortgage meltdown, exploding oil price and stagnating wages?
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Tech stock’s decline of 7% in the past three days -- led by Google and Apple may signal US economy headed for a deep recession – what the impact on world economy?
Sam Adelton
The mortgage meltdown, real estate bubble busrts, $100 oil price and slide of US Dollar has created for the first time a scenario of total financial meltdown and evetual world depression.
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ETrade and Wachovia may have write off half of their mortgage backed securities – the mortgage meltdown continues
Fred Day
. While the real biggies may take time to capitulate, Wachovia and Etrade are in real troubles in spite of casual behavior from these financial institutions.
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Chairman and chief executive of Citigroup stepping down confirming that the mortgage bubble and scam is beyond imagination
Sam Adelton
Things are becoming more transparent. The mortgage bubble and the scam is just beyond anything we have ever seen. Chuck Prince is planning to step down as chairman and chief executive of the banking giant.
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Subprime mortgage losses miniscule compared to what is cooking in the prime mortgage areas –financial meltdown continues with stealth
Peter Oberois
The mortgage bankers made deals with appraisal companies. The code of ethics for the appraisal industry was thrown in the water. The mortgage lenders dictated what the price of home should be.
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