Record numbers of nervous investors cashed in their stock market investments last month giving evidence that the credit crunch is beginning to cause panic.
From yesterday's Independent - Record deficit adds to fears for UK economy:
The UK's current account deficit leapt by almost 50 per cent in the third quarter, hitting a record £20bn and raising fresh concerns about the stability of the country's economy.
From the Guardian Unlimited - First-timers priced out of market
This year the number of first-time buyers fell to the lowest level since 1980, according to figures out today from Halifax. They reveal that an affordability crisis is now affecting every part of Britain.
From Le Monde.fr - La BCE vient au secours de banques menacées par les crédits à risque trans. "The ECB assists banks threatened by the appropriations at risk" [read "appropriations" as "loans"]
La Banque centrale européenne (BCE) a annoncé, mardi 18 décembre, avoir alloué 348,6 milliards d'euros aux banques, un montant massif de liquidités visant toujours à rétablir la confiance sur le marché monétaire, secoué par la crise du crédit aux Etats-Unis.
trans. The European central Bank (ECB) announced, Tuesday December 18, an allocation of €348,6 billion to banks, a massive amount of liquidity, aiming at restoring confidence in the money markets, shaken by the crisis in the United States.
This is just a little bit of the economic problems that are hitting Europe just like the rest of the world. Unlike the U.S. Media, the the international media puts the blame directly on the U.S. government, in a lot of cases using the name Mr. Bush with it.
Man, there's a lot of work to be done when the Tsar's reign is over on January 20, 2009. The question is, "Are any of the candidates, Democratic or Republican, capable of cleaning up the mess this man has created?"
gives a new twist to the term mission impossible, doesn't it?
just asking...
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