Not much going on?
http://ftalphaville.ft.com/blog/2008...f-england-cutsThe Bank of England's Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 1.5 percentage points to 3%.
http://globaleconomicanalysis.blogsp...dge-funds.htmlWave of Redemptions Hits Hedge Funds
Myron Scholes, the 1997 Noble Prize Winning Genius involved in the demise of Long Term Capital Management has done it again. Scholes's Platinum Grove Fund Halts Withdrawals After Losses.
http://www.nytimes.com/2008/11/09/wo...in&oref=sloginREYKJAVIK, Iceland — The collapse came so fast it seemed unreal, impossible. One woman here compared it to being hit by a train. Another said she felt as if she were watching it through a window. Another said, "It feels like you've been put in a prison, and you don't know what you did wrong."
http://www.marketwatch.com/news/stor...%7D&siteid=rssSAN FRANCISCO (MarketWatch) -- American International Group Inc. reportedly is seeking a new bailout from the U.S. government less than two months after the Federal Reserve came to the insurance giant's rescue with an $85 billion loan, according to a published report.
Mish knows everything
http://globaleconomicanalysis.blogsp...ng-demand.htmlWhen oil hit $105 I thought that was it. I called for oil to pull back to $70. Fundamentally there was no reason for oil to be over $100, peak oil or not. The world economy was rapidly slowing and along with it real demand.
http://news.yahoo.com/s/ap/20081107/...budget_deficitWASHINGTON – Just one month into the fiscal year, the federal budget deficit has already reached $232 billion, according to estimates released Friday.
http://mindset.tumblr.com/post/50751...-whole-economy




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