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Month: February 2009

Bleak Picture in Asia, More Gloomy Thoughts

Chris Sturr , February 28, 2009
On Asia, from the Financial Times.. A tidbit: “The figures are further proof that Asia’s economy fell off a cliff…

Warren Buffet Feels the Pain

Chris Sturr , February 28, 2009
More from Across the Curve. And here’s what the FT has to say out it: Buffett’s Berkshire has worst results…

Nordic Economies Tanking

Chris Sturr , February 28, 2009
Even the virtuous Nordics (including Finland)are feeling the full effect of the crisis. From LSE Macroeconomic News, courtesy of Across…

Essential Reading from Yesterday's FT

Chris Sturr , February 28, 2009
In case you missed it, due to Friday night carousing, or whatever… —Whistleblower contacted US regulators (should they even be…

Report from Eastern Econ. Assoc. Meetings

Chris Sturr , February 28, 2009
I (D&S co-editor Chris Sturr) am in New York City for the annual meetings of the Eastern Economics Association, the…

Obama's ($1.7 Trn Deficit) First Budget

Chris Sturr , February 27, 2009
From The Financial Times: Obama forecasts $1,750bn deficitBy Andrew Ward and Edward Luce in Washington Published: February 26 2009 11:24…

US and UK Increase Stakes in Banks

Chris Sturr , February 27, 2009
From Reuters, again: Governments tighten grip on banksFri Feb 27, 2009 11:55am EST ReutersBy Steven C. JohnsonNEW YORK (Reuters) Governments…

US 4Q GDP Falls 6.2%, Biggest Drop Since '82

Chris Sturr , February 27, 2009
From Reuters: U.S. fourth-quarter GDP drop biggest since 1982Fri Feb 27, 2009 12:29pm EST Reuters By Lucia Mutikani WASHINGTON (Reuters)…

Over 250 Banks On The Edge

Chris Sturr , February 26, 2009
The FDIC reports that 252 US banks were on its list of troubled at the end of 2008, meaning they…

US Jobless Claims At Record High

Chris Sturr , February 26, 2009
The US shed 600,000 jobs in January alone. It’s looking like we’ll lose another 700,000 in February. From the wires:…
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