Wracked by Problems, the U.S. Economy Keeps Digging Its Way Out
William Patalon (September 22nd, 2008) Writes:
Money Morning/The Money Map Report
Where to start? Market volatility is sure to continue for the indefinite future as investors, economists, analysts and politicos debate the merits of the federal government’s ongoing move – and try to make heads or tails out of the new financial landscape.
Mega-financials that offer everything (deposits, lending, brokerage services, deal underwriting, wealth management, mergers & acquisitions deals) appear to be the wave of the future (is beleaguered Citigroup Inc. (C) suddenly ahead of its time?).
Comparisons to past crises are emerging: The Great Depression, the savings & loan crisis, the junk bond collapse, Japan’s stock-and-real-estate implosion, and even Tulip Mania).
Many investors have thrown in the towel (capitulation) and unloaded any and all financials (not to mention autos, airlines, and even technology stocks…anyone catch the 25,000 jobs lost at Hewlett-Packard Co. (HPQ) or ...
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America, American International Group Inc., bank of america corp, Barclays Plc, Ben S, Ben S. Bernanke, brokerage services, Citigroup Inc, Countrywide Financial Corp, Dell Inc, Depression, Dow Jones, Energy Prices, even technology stocks, Fannie Mae, fed-funds, Federal Government, Federal Reserve System, Freddie Mac, George W Bush, Goldman Sachs Group Inc, Gross Domestic Product, harvard, healthy energy-driven economy, Henry M. Paulson Jr., Henry Paulson, Hewlett-Packard Co., Houston, Hurricane Gustav, Hurricane Ike, Insurance, investment giant, investment banking background, Japan, Lehman Brothers Holdings Inc, mania, Market Commentary, mccain, Merrill Lynch, Morgan Stanley, obama, Oil, oil traders, Russell 2000, Sp 500, Trust Corp., U.S. Securities and Exchange Commission, United States, Us Federal Reserve, USD, volatile food-and-energy prices, Washington Mutual Inc
America, American International Group Inc., bank of america corp, Barclays Plc, Ben S, Ben S. Bernanke, brokerage services, Citigroup Inc, Countrywide Financial Corp, Dell Inc, Depression, Dow Jones, Energy Prices, even technology stocks, Fannie Mae, fed-funds, Federal Government, Federal Reserve System, Freddie Mac, George W Bush, Goldman Sachs Group Inc, Gross Domestic Product, harvard, healthy energy-driven economy, Henry M. Paulson Jr., Henry Paulson, Hewlett-Packard Co., Houston, Hurricane Gustav, Hurricane Ike, Insurance, investment giant, investment banking background, Japan, Lehman Brothers Holdings Inc, mania, Market Commentary, mccain, Merrill Lynch, Morgan Stanley, obama, Oil, oil traders, Russell 2000, Sp 500, Trust Corp., U.S. Securities and Exchange Commission, United States, Us Federal Reserve, USD, volatile food-and-energy prices, Washington Mutual Inc


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