Thursday, October 13, 2011

IS THE ALL CLEAR SIGNAL HERE?

"Fitch may downgrade BofA, Morgan Stanley, Goldman

Fitch eyes downgrades for Bank of America, Morgan Stanley, Goldman Sachs, 5 big European banks "

"NEW YORK (AP) -- Gap Inc. plans to close stores in the U.S., while expanding in China."

"S&P downgrades Spain's debt rating on weak economy

Standard & Poor's downgrades Spain's long-term debt rating, citing weak economy, bank risks"

PARIS (AP) -- French President Nicolas Sarkozy promised an "ambitious and humble" year as leader of the Group of 20 rich and developing economies, and he has a lot to be humble about.
Despite a warning earlier this year from Christine Lagarde -- then his finance minister, now IMF chief -- that a failure to address global imbalances would "lead us straight into the wall of another debt crisis," that is exactly where the G-20 has wound up.
Now the finance ministers and central bankers gathering for two days of talks here beginning Friday must explain how they let the global economy run straight towards the edge of a clearly marked cliff -- and what they can still do to stop it from falling over it.

NOT if you keep your eyes open. What is our "OFFICIAL" unemployment rate 2.5 years into some kind of recovery? Anhistoric high of 9.1%

OH yes THEY will keep trying to prop up the stock market, as the squueze continues on interest rates giving savers the shaft....and gd knows what else...

D

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