Wikinvest Wire

Monday morning links

Monday, December 01, 2008

TOP STORIES
Global recession rocks Asian and European industry - Reuters
Car sales slide shows auto crisis worsening - AP
Hedge Fund Manager Hendry Bets on Deflation With U.K. War Loans - Bloomberg
Doris Dungey, Prescient Finance Blogger, Dies at 47 - NY Times
Ship cargo volume slumping at West Coast ports - SF Gate
As gas prices fall, gas stations' profits actually rise - USA Today
GM board reviews new turnaround plan for bailout - Reuters

MARKETS/INVESTING
World markets retreat after last week's rally - AP
Gold dips on weak oil and equities, U.S. data eyed - Reuters
Crude Oil Falls After OPEC Delays Decision to Reduce Production - Bloomberg
China's currency falls by record against U.S. dollar - MarketWatch
Why oil prices will bounce back - MarketWatch

ECONOMY
Worst job losses in almost three decades expected - MarketWatch
Economic downturn has more folks stashing their cash - USA Today
Squeezing the Most From a Stimulus Plan - NY Times
A wealth of ideas for Obama's stimulus program - LA Times

INTERNATIONAL
China’s Manufacturing Contracts by Record on Exports - Bloomberg
Indian futures trading in banned commodities lapse - Commodity Online
U.K. Manufacturing Shrinks Most Since 1992, Home Prices Slide - Bloomberg
German complacency poses a serious threat - Financial Times
BOJ to Hold Emergency Meeting Tomorrow on Corporate Funding - Bloomberg
European Manufacturing Contracts More Than Estimated - Bloomberg
World stability hangs by a thread as economies continue to unravel - Telegraph

HOUSING
Home Prices Snowball - Forbes
Government warned of mortgage meltdown - CNN/Money
Will NYC dodge the real estate crash ? - LA Times

FED/TREASURY/BANKING
U.S. Treasury Yields Drop to Record Lows on Recession Concern - Bloomberg
Tracking the $700 Billion Bailout - NY Times

INTERESTING
Thief steals Thanksgiving dinner off woman's porch - AP
Mysterious Drop in Visitors to National Parks - LiveScience

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