Wikinvest Wire

Thursday morning links

Thursday, February 26, 2009

TOP STORIES
Obama forecasts $1.75 trillion deficit this year - Reuters
GM Posts $9.6 Billion Loss as Wagoner Seeks New Aid - Bloomberg
Japan’s Recession May Deepen After Exports Drop Record 45.7% - Bloomberg
Documents Everyone Should Read to Understand the Crisis - Huffington Post
Taleb Attacks Wall Street Bonuses - Naked Capitalism
Three Fourths of Europe Blames the Central Banks - Jesse's Cafe
The Banks's Rigged Stress Test - Beat the Press
Tracking the bear: How bad could it get? - Fortune

MARKETS/INVESTING
Gold Drops as European Stocks Rise, Dollar Gains - Bloomberg
Oil rises above $43 after UAE cuts Asia supply - AP
Dubai to get Gold ETF from World Gold Council - Commodity Online
Save your way to a dream retirement - CNN/Money
A surprisingly large gasoline drawdown… - FT Alphaville

ECONOMY
667K new jobless claims; continuing claims top 5M - AP
Demand for durable goods sinks 5.2% - MarketWatch
Obama begins getting daily CIA report on economic crisis - LA Times
Deflation not impossible, but history says it won't win - MarketWatch
A sign of economic recovery - or not - CNN/Money
California’s Newly Poor Push Social Services to Brink - Bloomberg

INTERNATIONAL
The Economic Crisis Hits Eastern Europe - Time
China Taxes Reveal Spending Slowdown, Goldman Says - Bloomberg
Singapore economy contracts 16.4% in quarter - MarketWatch
Hong Kong exports dive by most in 50 years - AP
Europe Confidence at Record Low as Recession Deepens - Bloomberg
Mexican town fed up with violence turns to army - LA Times
Brown told us not to question banks, says City watchdog - DailyMail
Greeks shut airports, services to protest economy - Reuters

HOUSING
Record Jump in Non-Agency Jumbo Prime Foreclosure Starts - HousingWire
Where the average Joe can easily afford the average home - CNN/Money
From The Federal Reserve: Bail Out Bad Borrowers - Blown Mortgage
GSE Refis May Extend Beyond 105 Percent LTV - The Truth About Mortgage
Freddie Mac delinquency rate accelerated in January - Reuters

FED/TREASURY/BANKING
Obama’s Proposes Up to $750B More for Bank Aid - Bloomberg
Why did monetary policy fail? - The Money Illusion
Still waiting for Helicopter Ben - Guardian
In Geithner We Trust Eludes Treasury - Bloomberg

INTERESTING
More on the Tiger Woods Economic Upturn - Infectious Greed
China closes Tibetan side of Everest ahead of Dalai Lama anniversary - Telegraph
Annie Leibovitz pawns life work for a £10m loan to pay her mortgage - DailyMail

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