Wikinvest Wire

Tuesday morning links

Tuesday, October 28, 2008

TOP STORIES
Cost of crash: $2,800,000,000,000 - Guardian
August Home Prices in 20 U.S. Cities Fall 16.6% From Year Ago - Bloomberg
IMF may need to "print money" as crisis spreads - Telegraph
Downturn Clobbers Public Pension Funds - Washington Post
GM, Chrysler request $10 billion in aid: sources - Reuters
Failing its retest: The Dow's Oct. 10 lows have been decisively broken - MarketWatch
Foreclosures Open Door To Disorder - Washington Post

MARKETS/INVESTING
OPEC officials say ready to act again to boost oil - Reuters
World Is `Drowning in Oil' (Again) After Drought - Bloomberg
What now? Ignore big investors - MSN Money
Gold up 3 pct on softer dollar, firmer equities - Reuters
Low oil prices take wind out of renewable fuels - SF Gate

ECONOMY
Majority of economists in USA TODAY survey back 2nd stimulus - USA Today
Whirlpool to cut 5,000 jobs, cuts 2008 earnings view - MarketWatch
Fidelity reportedly may lay off up to 4,000 - Boston.com
Gas prices drop 26 cents in a week; some areas below $2 a gallon - USA Today

HOUSING
Good credit? Home loans no longer a sure thing - USA Today
Dropping house prices spur purchases, but is it a real turnaround? - MetroWest Daily
The innocent borrower - Housing Wire
US Home Builders Push Bold New Fix For Housing Market - CNN/Money
Subprime Mortgage Delinquencies Building, Again - Housing Wire

FED/TREASURY/BANKING
Libor Falls as Central-Bank Cash Injections Ease Credit Freeze - Bloomberg
Fed Begins Buying Short-Term Debt - Washington Post
Fed weighs another rate reduction to limit fallout - AP
Rescue plan faces delays in hiring asset managers: report - Reuters
Greenspan Says, "Who Could Have Known?" - truthout.org

INTERNATIONAL
In Japan, a Robust Yen Undermines the Markets - NY Times
Pensions plummet in value - Times Online
Iceland hikes lending rate to 18% - MarketWatch
Thais to barter rice for oil with Iran - Financial Times
The Housing Crisis Spreads to China - AP
Central Banks Slashing Rates As Investors Flee - Washington Post

INTERESTING
Canadian dollar's loss could be Hollywood's gain - LA Times
Can't save? How to force yourself - MSN Money

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