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TYX91101 (June 7, 2008 at 2:49 am)
Friday, June 6, 2008 (AP):WASHINGTON - Pink slips piled up and jobs disappeared into thin air in May as the nation's unemployment rate zoomed to 5.5 percent in the biggest one-month jump in decades. Employers eliminated 49,000 jobs in May, the fifth straight month of nationwide losses.Adding to the pain, oil prices soared to a new record high, while the value of the dollar fell.The Dow Jones industrials tumbled almost 400 points.
davincij15 (May 21, 2008 at 1:41 am)
3.1 Trillion ever 100 business days. yes yes it's treasuries as well as cash HOWEVER, where did they get the treasuries? Thats right the got them from the Federal government. And how did the Federal Reserve pay for those treasuries? Finally what if the banks can't sell those treasuries where can they turn for liquidity? Helicopter Ben has the answer.
jinjin16 (May 17, 2008 at 10:44 am)
i heard it like a trillion now.?
TYX91101 (May 17, 2008 at 1:03 am)
In a sign that the mortgage collapse is getting worse, not better, foreclosure filings surged 65% in April from April 2007, leading some analysts to warn that the crisis might not end before 2010.One in every 519 households received a foreclosure filing... USA Today 5/15/08
TYX91101 (May 17, 2008 at 1:00 am)
Before the war, White House economic adviser Lawrence Lindsay estimated the cost at $100 to $200 billion. So the White House got rid of him and "re-estimated" the cost at $50 to $60 billion. It's now over $500 billion. |
