Prophecy in today's headlines

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

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 […]