Jan 4, 2008
Bush: Economy On Solid Foundation
http://acnn.wordpress.com/2008/01/04/bush-economy-on-solid-foundation/
Mar 7, 2008
Bush: it’s clear our economy has slowed
Mar 8, 2008
Bush insists US not in recession
Mar 13, 2008
Dollar’s tumble rattles markets
http://www.guardian.co.uk/business/2008/mar/13/currencies.marketturmoil
Mar 14, 2008
Bear Stearns gets emergency funds
Mar 20, 2008
OECD slashes US growth forecast
Mar 20, 2008
Economist says Fed acted too late
http://www.upi.com/NewsTrack/Business/2008/03/20/economist_says_fed_acted_too_late/6714/
http://joejolly.wordpress.com/2008/03/28/evading-the-r-e-c-e-s-s-i-o-n-word/
August 22, 2008
Kansas Bank is 9th to Fail in 2008
August 22, 2008
Buffett says economy’s troubles will continue
OMAHA, Neb. – Billionaire investor Warren Buffett said Friday the economy continues to be in a recession (sic), by his definition, and will continue to be for at least several more months.
September 6, 2008
U.S. Nears Rescue Plan For Fannie And Freddie
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/05/AR2008090503351.html
September 15, 2008
Greenspan: This Is The Worst Economy I’ve Ever Seen
Former Federal Reserve Chairman Alan Greenspan offered a woeful outlook of America’s economic situation on Sunday, saying the crisis with the country’s financial institutions was as dire as he had ever seen in his long career, and predicting that one or more of those institutions would likely collapse in the near future.
“Oh, by far,” Greenspan said, when asked if the situation was the worst he had seen in his career. “There’s no question that this is in the process of outstripping anything I’ve seen and it still is not resolved and still has a way to go and, indeed, it will continue to be a corrosive force until the price of homes in the United States stabilizes. That will induce a series of events around the globe which will stabilize the system.”
Appearing on ABC’s This Week, Greenspan would not definitively say whether the government should come to the rescue of Lehman Brothers, which has been forced to consider a possible sale after its stock shares plunged drastically this past week. Instead he called the situation surrounding the investment bank — and the bailout that occurred this past spring of Bear Stearns — as a “once in a half century, probably once in a century type of event.”
The circumstances for Lehman may, as Greenspan noted, be different. Bloomberg News reported on Friday: “Rising speculation that Lehman Brothers Holdings Inc. may fail is generating less concern among investors than when Bear Stearns Cos. imploded in March.”
Much of the issue, Greenspan added, was the trouble in the housing market, which he predicted would become stabilized by next year. Pressed by host George Stephanopoulos as to whether another major financial institution — such as the struggling Washington Mutual, American International Group, or Merrill Lynch — would fail in the interim, the former Fed chair responded in the affirmative.
“I suspect we will [see one fail],” he said, “but in and of itself that does not need to be a problem. It depends on how it’s handled and how the liquidations take place. And, indeed, we shouldn’t try to protect every single institution. the ordinary cost of financial change has winners and losers…”
http://www.huffingtonpost.com/2008/09/14/greenspan-this-is-the-wor_n_126274.html
[Copy And Paste to visit the link]
September 15, 2008
Lehman Bros files for bankruptcy
October 8, 2008
Associated Press
WASHINGTON – The world economy will slow sharply this year and next, with the United States likely sliding into recession reflecting mounting damage from the most dangerous financial jolt in more than a half-century.
The International Monetary Fund, in a World Economic Outlook released Wednesday, slashed growth projections for the global economy and predicted the United States — the epicenter of the financial meltdown — will continue to lose traction.
“The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s,” the IMF said in its report…
http://www.msnbc.msn.com/id/27083134/[copy & paste]
Jan 4, 2008
Bush: Economy On Solid Foundation
http://acnn.wordpress.com/2008/01/04/bush-economy-on-solid-foundation/
Tags: Alan Greenspan, bear stearns, buffett, Bush, Dollar, economist, economy, fannie mae, feds, freddie mac, kansas bank, lehman bros, markets, oecd, recession, solid foundation, u.s.
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