Tag: stocks
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oil posts biggest gain ever as ‘bailout’ powergrab looms
from bloomberg: Crude oil climbed more than $25 a barrel, the biggest gain ever, as traders scrambled to unwind positions on the October contract’s last day of trading. The more-active November contract rose $6.62. “This looks like a squeeze play,” said Phil Flynn, senior trader at Alaron Trading Corp. in Chicago. “All of the contracts…
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economoney meltdown
nobel-winning stiglitz: crisis as bad or worse as great depressionfrom steve watson: Two time Nobel-prize winner and former chief economist of the World Bank, Joseph Stiglitz has warned that the current financial crisis will continue for at least another eighteen months and in many ways represents a worse situation than the one faced by Americans…
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my bank is about to fail. how about yours?
washington mutual tumbles 30%from reuters: Washington Mutual Inc (WM.N) shares sank 30 percent to a 17-year low and the perceived risk of its debt soared on worries the largest U.S. savings and loan will not find a buyer or raise enough capital to combat soaring mortgage losses. The stock closed down 98 cents at $2.32…
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gm & ford ‘on the verge of bankruptcy’
from bloomberg: General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University’s Stern School of Business. “Both are in very serious shape and the markets reflect that,” Altman, the creator of…
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israel, iran, pakistan, plots, dead stocks & coke on a sub
jewish terrorist document foundfrom press tv: A document has surfaced in a UK auction, unveiling terrorist activities of a Jewish group prior to the establishment of the Israeli regime. According to the Times of London, the pamphlet unveils several terrorist activities of a Jewish underground group – Irgun – led by Menachem Begin, the future…
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US stock plunge makes worst june since 1930
from cnn/money: U.S. stocks fell sharply Thursday with the blue-chip index enduring its worst June so far since 1930, and plunging to its lowest finish since Sept. 11, 2006, after getting slammed hard as crude soared to new highs and Goldman Sachs disparaged U.S. brokers and advised selling General Motors Corp. “We’re going to move…
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paulson power, global crash, US 4 sale & $timulus
paulson to urge new fed powersfrom washington post: Treasury Secretary Henry M. Paulson Jr. plans to call today for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to reflect…
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felonious soros warns of market crash
from guardian: George Soros, the billionaire hedge fund manager, will warn later today that the oil price has become a bubble that could trigger a stock market crash. The Financial Times reported today that Soros will tell the US Senate commerce committee that oil was pushed to its recent all-time peak of $135 a barrel…
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Ron Paul Warns Of Worldwide Economic Collapse
from raw replay: Congressman Ron Paul (R-Texas) Warns of Worldwide Economic Collapse. The following video is from C-SPAN’s Congress Coverage, broadcast on March 12, 2008. new color $5 bills come out todayfrom ap: Abraham Lincoln is getting a little color in his cheeks. New $5 bills bearing the gaunt visage of the nation’s 16th president…
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1child, wall st mafia, fb-spy, mindread, bluebrain & moloch
premier says china will stick with one-child policyfrom afp: China will stick with its strict family planning rules, Premier Wen Jiabao said Wednesday, in an apparent rebuttal to officials who raised the possibility of changes to the one-child policy. “We will adhere to the current policy of family planning, keep the birthrate low, improve the…
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fed crisis, somali slaughter, chavez, shad, cia-pak
fed releases crisis preparedness videofrom rogue government: The Federal Reserve Bank of Atlanta this past January released a video on crisis preparedness. The timing of such a video being released is suspicious considering the prospect of bank failures and an inflationary collapse of the U.S. monetary system loom large… download the video here because youtube…
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FTSE hits biggest low since 9/11
from itv: The FTSE 100 Index has plummeted by 323.5 points to close at 5578.2 – its biggest one-day points drop since the September 11 terrorist attacks in 2001. The FTSE 100 nosedived by 5.5 per cent as fears of a US recession sparked a global sell-off. Shares across Europe also dived and Asian stock…
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‘futurist’ foresees rough times
from record online: A crashing stock market, a plunging U.S. dollar and tumbling corporate giants are among the predictions of a self-proclaimed “futurist” who says 2008 will hit this country with the economic equivalent of 9/11. Gerald Celente, founder and director of the Trends Research Institute in Rhinebeck, claims to accurately forecast economic and business…
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crude milestone: crude oil futures hit $100 per barrel
from ap: Crude oil prices briefly soared to $100 a barrel Wednesday for the first time, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will outstrip supplies. Surging economies in China and India fed by oil and gasoline have sent prices soaring over the past year, while ……
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analyst: mystery trades were profit scam for fearmongers
from paul joseph watson: A financial analyst has slammed the so-called “Bin Laden trades” as part of a fearmongering scam that was used to chill confidence in the markets and enable insiders to reap huge profits after stocks plunged earlier this week. As we reported last month, an anonymous investor placed a bet of 245,000…