Wikinvest Wire

Thursday morning links

Thursday, November 06, 2008

Bank of England shocks markets by slashing interest rates to 3pc - Telegraph
Eurozone rates cut to 3.25% - Guardian
For Obama, a Towering Economic To-Do List - NY Times
Retailers report steep sales declines in October - AP
Obama's Change You Can Believe in Meets Reality - Bloomberg
Administration speeding up on economic problems - AP
Who bails out the US government? - CSM

S&P 500 Profit Estimates Slashed After Third-Quarter Misses - Bloomberg
Oil 'to shoot back through $100' - Guardian
Gold jumps after BoE, SNB rate cuts; ECB eyed - Reuters
Obama May Inherit Bull Market After $6 Trillion Loss - Bloomberg

Productivity growth slows in 3Q as economy shrinks - AP
Continuing jobless claims hit 25-year high - MarketWatch
Top Priority Is Stabilizing the Patient - NY Times
An economic lift after the vote? - CSM
ISM Services Index Slumps to Lowest on Record - Bloomberg

The Great American Housing Nightmare - PRWeb
Governor proposes plan to avert foreclosures - SF Gate
Focus Can Now Shift To The Collapsed Housing Market - iStockAnalyst

Bond Risk Rises as Ambac Cut Triggers Forced Selling Concern - Bloomberg
Paulson's Bailout Bucks Look Like Debt in Drag - Bloomberg
The Financial Bubble was Created by Central Bank Policy - AIER
The New Trough - Rolling Stone

SNB cuts Swiss rates by 50 bps to stem econ decline - Reuters
European bank, Bank of England cut rates - AP
UK House prices dive 15% in record drop - TimesOnline
BOJ Helpless as Yen Rises on Carry, UBS, Barclays Say - Bloomberg
Say it: "Housing is fine, housing is fine" - Globe & Mail
Obama's Yuan Calls May Cause Collision With China - Bloomberg

Tensions between McCain and Palin camps come to light - LA Times
Jogger runs mile with rabid fox locked on her arm - AP

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