Wikinvest Wire

Monday morning links

Monday, March 09, 2009

TOP STORIES
World stocks spiral lower on fresh financial woes - AFP
A Rising Dollar Lifts the U.S. but Adds to the Crisis Abroad - NY Times
Depression Dynamic Ensues as Markets Revisit 1930s - Bloomberg
AIG warned of global turmoil before rescue - Reuters
GOP Leaders Criticize Bank, Budget Plans - Wash. Post
More Debt Won’t Rescue The Great American Ponzi - Option Armageddon
What does one TRILLION dollars look like? - Page Tutor
Miami Herald owner to cut 1,600 jobs - CNN/Money

MARKETS/INVESTING
Oil rises on possible OPEC supply cuts - CNN/Money
Gold steadies off lows as equity weakness supports - Reuters
Stocks fall back in Europe and Asia - IHT
If only we'd kept our cash under the mattress - Guardian
Up Next: The Obama Bounce? - Panzner, Huffington Post
Hedge funds turn to gold - Financial Times

ECONOMY
Buffett says economy fell off cliff - Reuters
Even the employed suffering during economic crunch - USA Today
Recession Sends Lawyers Home - ash. Post
Recession on track to be longest in postwar period - AP
An L of a recession – reform is the way out - Financial Times

INTERNATIONAL
Nikkei marks lowest close in 26 years - MarketWatch
Global Economy to Shrink First Time Since WWII - Bloomberg
Bean: BOE has scope to take more action - Telegraph
Latvia Faces Bankruptcy by June If IMF Loan Delayed - Bloomberg
Lloyds shares drop as government stake increases - MarketWatch
Georgia, a Nation Stalled On the Road to Democracy - Wash. Post
Summers: Global growth coordination needed - CNN/Money
It's a crisis, but in the eurozone it's a total catastrophe - Telegraph

HOUSING
Outside buyers drawn to Detroit's foreclosed homes - AP
Sarcramento struggles with spiralling homelessness problem - Telegraph
Rare NYC foreclosure auction yields deals, some protest - AP
Some Sacramento homebuyers walk away from big loans - Sac Bee

FED/TREASURY/BANKING
Geithner faces economic tsunami without a fully staffed department - IHT
As big banks falter, community banks do fine - CSM
Bankrupting Leverage: Are We A Zombie Nation? - YMOYL
Republican senators say some big banks can fail - MarketWatch

INTERESTING
Obama Disses Economics Blogs - Business Insider
Buying a car, drive a hard bargain - CNN/Money
CNBC made itself an easy target for Jon Stewart - MarketWatch

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