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Double dip recession if oil hits $140: Nouriel Roubini

Posted on: March 10th 2011 in Press Releases.

CANNES(FRANCE): Nouriel Roubini , the economist who correctly predicted the global financial crisis, warned on Thursday that some advanced economies could experience a double dip recession if the price of oil climbs to $140 a barrel. “It the turmoil in the Middle East becomes much …

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Fed says Europe crisis threatens economy – Wall Street

Posted on: May 21st 2010 in Market News.

By Pedro Nicolaci da Costa WASHINGTON (Reuters) – Europe’s debt crisis poses a “potentially serious” risk to the U.S. economic recovery because it threatens global credit markets and large American banks, a top Federal Reserve official said on Thursday. Fed Gover…

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Stronger dollar, weak economic data pummels stocks – WallStreet

Posted on: November 20th 2009 in Market News.

Rising dollar, weak economic data drags stocks lower; Dow gives up more than 135 points NEW YORK (AP) — A stronger dollar and more discouraging signs of a subdued economic recovery triggered a broad sell-off in stocks. Major indexes tumbled more than 1 percent Thursday, including …

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Bank failures top 100, only part of industry woes

Posted on: October 24th 2009 in Market News.

WASHINGTON – The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking system from bad loans and the recession goes even deeper than the number suggests. Dozens, perhaps hundreds, of other banks remain open even thou…

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Job Losses at Worst Level in 26 Years – WallStreet

Posted on: October 3rd 2009 in Market News.

U.S. Sept non-farm payrolls plunge 263,000 WASHINGTON (Reuters) – U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine ec…

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Wall Street Drops on Recovery Worry, RIM Results

Posted on: September 26th 2009 in Market News.

NEW YORK (Reuters) – U.S. stocks fell for a third straight day on Friday on disappointing housing and durable goods data, while Research In Motion’s lackluster results dented optimism about technology spending. Economic reports showed that new orders for long-lasting U.S. man…

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Next Leg Down Will Be “More Painful Than The Last,” Pento Says

Posted on: September 16th 2009 in Market News.

Puzzled by the strength and duration of the stock market rally? Michael Pento, chief economist at Delta Global Advisors, says it all makes perfect sense. “If the Federal Reserve is going to pay you less than 1% to deposit your savings… what are you going to do with that money?…

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Fed Survey: Worst Recession Since 1930s Appears to Be Over-

Posted on: September 10th 2009 in Market News.

WASHINGTON (AP) — Economic activity is stabilizing or improving in most of the U.S., according to a new government survey, adding to evidence that the worst recession since the 1930s is over. The Federal Reserve’s snapshot of economic conditions backs predictions by Fed Chair…

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Wall Street Tumbles on Bank Failure Worries

Posted on: September 1st 2009 in Market News.

NEW YORK (Reuters) – Stock indexes fell 2 percent on Tuesday, pushing the S&P 500 below the 1,000 threshold, on increased worries there could be more bank failures and concerns that equity prices may have run ahead of the economic recovery. The Dow Jones industrial average los…

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Japan also moves out of recession

Posted on: August 17th 2009 in Press Releases.

Japan`s economy grew by 0.9% in the April-June quarter from the previous quarter on the back of improved exports and an increase in private spending After Germany and France, it is now the turn of Japan to pull out of the worst recession in several decades. Data released by the Governmen…

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