Guest The_Oldie Posted February 29, 2008 Share Posted February 29, 2008 http://www.bloomberg.com/index.html?Intro=intro3 Breaking News: * Dollar Falls to Weakest in Three Years Against Yen, Record Low Versus Euro * HSBC Gets $3.2 Billion Bid for French Banking Units From Banque Populaire * Auction-Rate Bond Failures Lead to Worst Month for Municipals Since 2003 * Stocks Decline in Europe, Asia as ING, Allianz Fall; U.S. Futures Retreat * European Economic Confidence Falls More Than Forecast as Food Prices Soar * Peloton Blames Wall Street Lending Crackdown for Its Hedge Fund's Collapse * KKR Writes Down Stakes in NXP, ProSiebenSat by About 25% Amid Credit Rout Quote Link to comment Share on other sites More sharing options...
Fancypants Posted February 29, 2008 Share Posted February 29, 2008 http://www.bloomberg.com/index.html?Intro=intro3 Breaking News: * Dollar Falls to Weakest in Three Years Against Yen, Record Low Versus Euro * HSBC Gets $3.2 Billion Bid for French Banking Units From Banque Populaire * Auction-Rate Bond Failures Lead to Worst Month for Municipals Since 2003 * Stocks Decline in Europe, Asia as ING, Allianz Fall; U.S. Futures Retreat * European Economic Confidence Falls More Than Forecast as Food Prices Soar * Peloton Blames Wall Street Lending Crackdown for Its Hedge Fund's Collapse * KKR Writes Down Stakes in NXP, ProSiebenSat by About 25% Amid Credit Rout bloody pessimists. Quote Link to comment Share on other sites More sharing options...
Austin Allegro Posted February 29, 2008 Share Posted February 29, 2008 LOL yes, I wish people would stop 'talking us into recession'! Quote Link to comment Share on other sites More sharing options...
South Lorne Posted February 29, 2008 Share Posted February 29, 2008 ...US exporters looking good.... Quote Link to comment Share on other sites More sharing options...
R K Posted February 29, 2008 Share Posted February 29, 2008 Dollar bounce on the way then? Quote Link to comment Share on other sites More sharing options...
beans on toast Posted February 29, 2008 Share Posted February 29, 2008 More important for the UK is the GBP/EUR rate, this is now at a all time low for the GBP. Seeing as we do most of our trading with the eurozone, this is going to have a huge impact on rising inflation. Quote Link to comment Share on other sites More sharing options...
domo Posted February 29, 2008 Share Posted February 29, 2008 ...US exporters looking good.... Ha you know the US trade deficit always gets better when the economy slows, I've seen a graph and noticed it over 2 or so years, when the economy slows "trade deficit better than expected", and when it expands it gets worse. I think it because credit (economic) expansion fuels consumption which worsens the deficit, after all the US economy is all finance and consumption so I suppose it makes sense. I wouldn't be surprised if its the same for our economy. Quote Link to comment Share on other sites More sharing options...
dubsie Posted February 29, 2008 Share Posted February 29, 2008 http://news.bbc.co.uk/1/hi/business/7270389.stm The question is how long before the FTSE really crashes, surely it can't hold 5000+ for much longer. Quote Link to comment Share on other sites More sharing options...
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