Wikinvest Wire

Friday morning links

Friday, February 06, 2009

TOP STORIES
Payrolls plunge 598,000, the most since 1974 - MarketWatch
The world economy: The return of economic nationalism - Economist
Cheap Crops Won’t Last, Credit Suisse Says: Chart of the Day - Bloomberg
Obama: Economy faces catastrophe without stimulus - Reuters
Goldman, JPMorgan Won’t Feel Effects of Executive-Salary Caps - Bloomberg
Merrill Lynch Kisses Up to Gold, Predicts It Will Hit $1,500 - Seeking Alpha
Auto suppliers seek rescue as crisis deepens - Reuters
How Gold Is Being Driven by a $4 Trillion Hallucination - Seeking Alpha

MARKETS/INVESTING
Oil Falls on Signs OPEC Cuts Have Stalled, U.S. Demand Concerns - Bloomberg
Gold ticks down after 1.5 pct gain, ETF at record - Reuters
Madoff client list peppered with big names - Reuters
UBS: Bullish on Gold and Silver - Seeking Alpha
'Monster Move' Coming for Stocks: S&P Could Hit 1000 by Spring - Yahoo! Finance
Brazilian shares surge on resource-demand hopes - MarketWatch

ECONOMY
Jobless Rate Rises to 16-Year High; Payrolls Drop 598,000 - Bloomberg
What Falling Prices Are Telling Us - BusinessWeek
Stores see January sales fall; Wal-Mart posts rise - AP
Gross Says U.S. Must Spend to Avoid Mini Depression - Bloomberg
Biggest job loss ever for retail sector - MarketWatch
IBM to laid-off: Want a job in India? - CNN/Money

INTERNATIONAL
2 Central Banks, 2 Different Paths - NY Times
Poll: Most economists say China to see recovery in 2009 - China Daily
China’s Unemployment Swells as Exports Falter - NY Times
Toyota Loses Top Credit Rating as Car Demand Plummets - Bloomberg
Hooray! China has bottomed out - China Financial Markets
Russia's currency: Down in the dumps - Economist
India Bucks Auto Trend as Rate Cuts Spur Suzuki Sales - Bloomberg
Dubai expats give new meaning to long-stay car park - TimesOnline

HOUSING
Reviving the Housing Market: Will Loan Modifications Work? - Time
Mortgage losses: Move over, subprime - Economist
Foreclosures Rising: One Every 13 Seconds - WSJ RE Blog
The $15,000 Conundrum - ZillowBlog
Million-dollar home sales plummet in California - Sacramento Bee

FED/TREASURY/BANKING
Fed Calls Emergency Consultants to Treat AIG - Bloomberg
Treasury overpaid $78 billion under TARP: watchdog - Reuters
Geithner plans to unveil bailout plan Monday - AP
Mortgage rates hit six week high - CNN/Money

INTERESTING
Man, 93, Who Froze In Home Left $600,000 - Newsnet5
My museum, myself - Fortune
Kellogg dumps Phelps - CNN/Money

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