Indiana is one of five states — along with Arizona, California, Mississippi and Pennsylvania — bracing for possible shutdowns this week as time runs out for lawmakers to close billion-dollar gaps in their fiscal 2010 budgets. Of the 46 states whose fiscal year ends today, 32 did not have budgets passed and approved by their [...]
The rules of technical analysis for this pattern are: Pennants are continuation patterns – that is, whatever direction the market is moving when it comes in, it will move when it comes out.The minimum target for the move is given by the length of the pole to which the pennant is attached.In this case the [...]
MOSCOW, November 24 (RIA Novosti) – A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts. Professor Igor Panarin said in an interview with the respected daily Izvestia published on Monday: “The dollar [...]
(Reuters) – The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul Miller said. Eight financial companies — Citigroup Inc, Morgan Stanley, Goldman Sachs Group Inc, Wells Fargo & Co, JPMorgan Chase & [...]
HEADLINES:CITIBANK LAYING OF 53,000 more to follow? READ IT HERE From the British TELEGRAPH: (snippets)But this week, I saw a picture in a newspaper which really did tell the story. It was an aerial shot of Hong Kong harbour. Rank upon rank of merchant ships stretched away across the water. Normally such scenes are displays [...]
HEADLINES:CITIBANK LAYING OF 53,000 more to follow? READ IT HERE From the British TELEGRAPH: (snippets)But this week, I saw a picture in a newspaper which really did tell the story. It was an aerial shot of Hong Kong harbour. Rank upon rank of merchant ships stretched away across the water. Normally such scenes are displays [...]
Steel industry shutting down 17 of 29 U.S. blast furnaces. Published: October 25, 2008 The steel mills, big suppliers to many sectors of the economy, are shutting 17 of the nation’s 29 blast furnaces — a startling indicator of how quickly output is declining as corporate America struggles to adjust to the spreading crisis. “We [...]
Steel industry shutting down 17 of 29 U.S. blast furnaces. Published: October 25, 2008 The steel mills, big suppliers to many sectors of the economy, are shutting 17 of the nation’s 29 blast furnaces — a startling indicator of how quickly output is declining as corporate America struggles to adjust to the spreading crisis. “We [...]
According to this report we are in the midst of a financial PANIC! Should you be doing a major withdraw? I think so! Roubini Says `Panic’ May Force Market Shutdown, Fund Failures By Alexis Xydias and Camilla Hall Oct. 23 (Bloomberg) — Hundreds of hedge funds will fail and policy makers may need to shut [...]
