Leading Economist: I Fear The Worst Is Yet To Come – Markets May Have To Close
As stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland Read more
Black Friday? Stock Markets Brace For The Worse
There wasn’t much new in U.S. markets Thursday, and that was the problem. Credit markets remain mostly frozen, as wary banks still refuse to lend to one another despite the federal government’s attempts to break that logjam.
The plan for the Treasury to buy up $700 billion in bad loans from banks now is roundly viewed as too little, too late, or just wrong-headed. Critics say it won’t get the banks to lend again any time soon.
New reports from Washington on Thursday said the Treasury may try another approach: injecting capital directly into banks. Yet that revelation also failed to lift market sentiment.
