US depression drags Europe to a deep recession – ECB predicts massive slowdown – Euro falls sharply against Yen
Kara Zeilig
Jan. 20, 2008

The depression in US is real. No one talks about it. The politicians knows it and are planning to provide a doze of $150 billion steroid to the economy. It will be significant for a quarter of positive growth. The fact is simple. Massive bad fiscal management that started in 1980 has brought the world financial systems to its knees. Europe is finally finding itself engulfed in deep recession and approaching a nasty depression.

The European central bank finally confessed the recession. The euro fell to a four-month low against the yen after European Central Bank council member Nout Wellink said economic growth may slow more than expected.

Wellink said the 15-nation region's expansion will be nearer 1.5 percent than 2.5 percent in the coming year because of a slowing U.S. economy. Reports this week will probably show German business confidence fell to the lowest in two years and European service and manufacturing industries slowed, backing the case for ECB interest-rate cuts.

US depression drags Europe to a deep recession – ECB predicts massive slowdown – Euro falls sharply against Yen
Kara Zeilig
The European central bank finally confessed the recession. The euro fell to a four-month low against the yen after European Central Bank council member Nout Wellink said economic growth may slow more than expected.
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Japan confirms deflation and recession as Japanese machinery orders fell in November as companies pared spending in anticipation of U.S. slowdown
Sandra Simons
Japanese machine orders declined 2.8 percent from October, when they rose 12.7 percent. This is very significant. The rally in Japanese Yen, lower consumer confidence and lower business enthusiasm is alarming.
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Asian stocks in sharp decline taking clue from Wall Street – world races towards depression and hyperinflation
Kartik Punaskar
The global hyperinflation is happening in the area of commodities. The falling dollar is the culprit. The sectors of hyperinflation make it almost impossible for central banks to pull the economies out of depression or recession.
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Intel down more than 14% in after-hours trading – the recipe for a sharp fall in stock market on Tuesday as economy embraces depression
Jeff Cantor
The stock market can crash any time. The reason is two. First, the state of the economy is depressed. Second, which is actually more dangerous is the existence of pockets of hyperinflation.
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Romney can never deliver what he promised Michigan – should politicians promise unrealistic heavens?
Kirsten McLauren
A man who buys companies and strips them to sell for a better price is called an business opportunist or arbitrage. The funniest thing in American politics happened when Mitt Romney promised the Michigan republicans ‘we will bring those jobs back.’
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US Retail Sales and Citigroup’s problems signal first US depression since 1930s
Sam Adelton
While analysts are hesitant to call it a mild recession, the economy finally confirmed a deep recession racing towards a deep depression. The financial meltdown continues while scarce commodities make things costlier.
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Moody’s tougher stance when rating deal making companies owned by private equity groups – too late too little
Trisha Rowe
The financial institutions, the hedge funds and the private equity firms took the advantage of the lax credit rating stndards, gambled with sunprime mortgages and lost big time.
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