Charting Stocks

The U.S. economy is in for “a lasting slowdown” and won’t recover this year, while “the banking system as a whole is basically insolvent,” billionaire investor George Soros told Reuters Financial Television on Monday.
While nationalization of banks is “out of the question,” he said stress tests being conducted by the U.S. Treasury could be a [...]

The stock market will drop as major banks go belly up says Nouriel Roubini, the NYU economist that successfully predicted the current economic collapse. Below is the text from an interview Mr. Roubini gave  today on Bloomberg TV.
U.S. stocks will fall and the government will nationalize more banks as the economy contracts through the end [...]

Great article I came across on GlobalResearch.ca By Richard C Cook.
President Barack Obama showed a great deal of gumption in standing before Congress last night delivering his first speech to the joint assembly. All the trappings of power were on display as members of the House and Senate, the Supreme Court, the Joint Chiefs, the [...]

Hillary Clinton has asked China to keep buying U.S. debt and to work with Washington in combating the global economic crisis. Clinton was speaking Sunday before leaving Beijing at the end of a four-nation tour of Asia — her first overseas trip since taking office.
Clinton urged that buying treasuries would be in China’s interest as [...]

The Automotive news reports that the U.S. auto parts industry (suppliers to GM, F) is asking for  $20.5 billion in federal aid to survive the depression.
Neil De Koker, president of the auto supplier lobbying organization has stated that suppliers are asking for $10 billion in direct loans from the U.S. Treasury Department
The US taxpayer has  [...]