Morgan Stanley issues full US recession alert
Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a "perfect storm" for consumers as the housing slump spreads.
https://snipurl.com/1v4qu
The coming recession: Not an accident
The downward slide triggered by belated recognition of the subprime mortgage fiasco has a long way to go - and it's going. Recession is certain, and, despite the entire chorus of economists, bankers and government officials to the contrary, a depression such as that of the 1930s is possible.
https://www.jamesclayfuller.com/2007/12/recession-not-accident.html
Washington Mutual to close 190 offices
The nation's largest savings and loan, said Monday that problems in the mortgage and credit markets are forcing it to close offices, lay off more than 3,000 workers and set aside up to $1.6 billion for loan losses in its fourth quarter.
https://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/11/BUB6TRQ84.DTL&tsp=1
UBS to write down $10 bn in subprime assets
Swiss bank UBS, which has been severely battered by the US subprime mortgage crisis, has announced a fresh writedown of USD 10 billion. Reversing its earlier guidance, UBS said it is expecting a loss in the fourth quarter, and may even show a loss for 2007 as a whole.
https://snipurl.com/1v4qz
From Information Clearing House
https://freepage.twoday.net/search?q=recession
https://freepage.twoday.net/search?q=mortgage
https://freepage.twoday.net/search?q=housing
https://freepage.twoday.net/search?q=depression
https://snipurl.com/1v4qu
The coming recession: Not an accident
The downward slide triggered by belated recognition of the subprime mortgage fiasco has a long way to go - and it's going. Recession is certain, and, despite the entire chorus of economists, bankers and government officials to the contrary, a depression such as that of the 1930s is possible.
https://www.jamesclayfuller.com/2007/12/recession-not-accident.html
Washington Mutual to close 190 offices
The nation's largest savings and loan, said Monday that problems in the mortgage and credit markets are forcing it to close offices, lay off more than 3,000 workers and set aside up to $1.6 billion for loan losses in its fourth quarter.
https://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/11/BUB6TRQ84.DTL&tsp=1
UBS to write down $10 bn in subprime assets
Swiss bank UBS, which has been severely battered by the US subprime mortgage crisis, has announced a fresh writedown of USD 10 billion. Reversing its earlier guidance, UBS said it is expecting a loss in the fourth quarter, and may even show a loss for 2007 as a whole.
https://snipurl.com/1v4qz
From Information Clearing House
https://freepage.twoday.net/search?q=recession
https://freepage.twoday.net/search?q=mortgage
https://freepage.twoday.net/search?q=housing
https://freepage.twoday.net/search?q=depression
rudkla - 12. Dez, 10:43
