Analysis, Predictions

Fallout from Lehman Brothers collapse still spreading
By Christine Seib — The reverberations of Lehman's collapse are still being felt across America
Dec 13 2008, NEW YORK, USA (TIMES ONLINE)

8 really, really scary predictions
By Nouriel Roubini — Dow 4,000. Food shortages. A bubble in Treasury notes. Eight of the market's sharpest thinkers on the frightening future.
Dec 11 2008, NEW YORK, USA (FORTUNE)

Vauxhall Insignia 2.8 V6
By Jeremy Clarkson — An adequate way to drive to hell
Dec 07 2008, LONDON, ENGLAND, UK (SUNDAY TIMES)

Meltdowns everywhere you look
By Don Murray — Among the symptoms of meltdown are anxiety, headaches, and impotence
Dec 04 2008, TORONTO, ONTARIO, CANADA (CBC)

My MONEY 'tis to me Sweet Land of Liberty...
By Nathan Martin — The connectin between liberty and economic health
Dec 02 2008, PUGET SOUND, WASHINGTON, USA (ECONOMIC EDGE.BLOGSPOT)

Straitened opt for cheap thrill
By Leon Gettler — Directory Service calls a good indicator of consumer spending, sentiment
Nov 29 2008, MELBOURNE, AUSTRALIA (BUSINESS DAY)

Whitney Says Citigroup, Bank Capital Ratios Will Fall
By Meredith Whitney video interview with Margaret Powell — Will a bailout stop the Citigroup slide?
Nov 25 2008, NEW YORK, USA (BLOOMBERG)

Visual Guide to the Financial Crisis
By WallStats.com — An excellent flow chart presentation of the meltown dynamics
Nov 25 2008, USA (BLOG.MINT.COM)

Jim Rogers Sees Dollar `Devalued,' Likes Commodities
By Extended video interview with Jim Rogers — Bailouts hurt the long term interests of the US
Nov 25 2008, NEW YORK, USA (BLOOMBERG)

Death by Numbers
By 'Nate' — Death by numbers – as in fiscal suicide – henceforth to be known as committing a “Paulson”
Nov 25 2008, WASHINGTON, USA (MARKET TICKER FORUM)

Russian analyst predicts decline and breakup of U.S.
By News Staff — The U.S. is heading for collapse and will divide into separate parts
Nov 24 2008, MOSCOW (RIA NOVOSTI)

Financial Meltdown: You Ain't Seen Nothing Yet
By Mike Whitney — Geithner and Summers have a tough road ahead
Nov 25 2008, MONTREAL, QUEBEC, CANADA (GLOBAL RESEARCH)

Volcker issues dire warning on slump
By Ambrose Evans-Pritchard — Economic slump has begun to metastasise after a shocking collapse in output over two months, threatening to overwhelm incoming Obama admin
Nov 17 2008, LONDON, ENGLAND, UK (TELEGRAPH)

Depression 2009: What would it look like?
By Drake Bennett — Lines at the ER, a television boom, emptying suburbs.. a catastrophic economic downturn would feel nothing like the last one
Nov 16 2008, BOSTON, MASSACHUSETTS, USA (BOSTON.COM)

'Trust me, I'm a doctor,' says Gordon Brown...
By Charles Moore — But it was Dr Brown who for 10 years prescribed the debt drug, and now his patients are dying
Nov 15 2008, LONDON, ENGLAND, UK (TELEGRAPH)

The End
By Michael Lewis — The era that defined Wall Street is finally, officially over.
Nov 11 2008, NEW YORK, USA (PORTFOLIO.COM)

Future of Financials
By Meredith Whitney — Discussing the future of the financial sector (video)
Nov 05 2008, NEW YORK, USA (BLOOMBERG)

Here Comes the Pain
By Chris Puplava — A collection of charts on the the vicious feed back loop of the credit crisis
Oct 22 2008, SAN DIEGO, CALIFORNIA, USA (FINANCIAL SENSE)

Top Theorists Examine Rippling Economic Turbulence
By PBS Interview with Taleb and Mandelbrot — "Never in the history of the world have we faced so much complexity combined with so much incompetence..."
Oct 21 2008, NEW YORK, USA (PBS)

Congress: What Bernanke and Hank Aren't Telling You
By Karl Denninger — A monetary system failure is inevitable if we reach the point where one dollar of new debt no longer supports a positive contribution to GDP.
Oct 20 2008, FLORIDA, USA (MARKET TICKER)

JPMorgan Responsible for the Destruction of U.S. Financial System
By Jim Willie — JPMorgan and Goldman Sachs are more responsible for destroying the entire US financial system than 95% of the American public realizes
Oct 16 2008, USA (MARKET ORACLE)

Rasipedia Update #13: "Sunday Edition
By RasputinLives — The Rasipedia: summary of the rapidly-changing global, systemic, synchronized financial and economic collapse.
Oct 12 2008, USA (PRUDENTBEAR.COM)

It's Just Time
By Martin A. Armstrong — The decline and fall of the U.S., the global financial system, or capitalism? (PDF)
Oct 10 2008, NEW YORK, USA (CONTRAHOUR.COM)

Our Coming Depression
By James Quinn — Time for our citizens to accept the bitter medicine of bad times, but to learn from our mistakes
Oct 07 2008, USA (SEEKING ALPHA)

Financial and Corporate System is in Cardiac Arrest: The Risk of the Mother of All Bank Runs
By Nouriel Roubini — This is indeed a cardiac arrest for the shadow and non-shadow banking system and for the system of financing of the corporate sector
Oct 03 2008, NEW YORK, USA (RGE)

Market & Economic Snapshot
By Chris Puplava — Charts indicating where things currently stand
Oct 01 2008, SAN DIEGO, CALIFORNIA, USA (FINANCIAL SENSE)

Almost Armageddon
By Michael Gray — The market was just 500 trades away from Armageddon
2008, USA (NY POST)

Celente Trend Alert - Economic 911 - Depression Next
By Gerald Celente — Trend forecaster Gerald Celente predicted that an "Economic 9/11" would hit Wall Street in 2008.* On 9/15, it did.
Sep 18 2008, RHINEBECK, NEW YORK, USA (TRI)

Bailouts Will Push US into Depression
By News Staff — "We expect a depression in the United States. We expect a depression, very possibly, also in Europe," says Hennecke, Tyche manager
Sep 11 2008, USA (CNBC)

The Worst Is Yet to Come
By Chris Puplava — A collection of charts on the the vicious feed back loop of the credit crisis
Aug 22 2008, SAN DIEGO, CALIFORNIA, USA (FINANCIAL SENSE)

Why America is Headed for a Depression
By Karl Denninger — Sorry folks, you get politics today, not markets
Aug 20 2008, FLORIDA, USA (MARKET TICKER)

Bigger Financial Shocks Loom, Consequences to Impact for Years
By Keith Fitzgerald — An exclusive interview with Jim Rogers
Aug 19 2008, VANCOUVER, CANADA (MARKET ORACLE) Something Big is Going On
By Congressman Ron Paul — "...I’m convinced the time is now upon us that some Big Events are about to occur."
Jul 2 2008, TEXAS, USA (CAMPAIGN FOR LIBERTY)

The Great Consumer Crash of 2009
By James Quinn — The storm has reached your location and it is a Category 5 hurricane. The levees are leaking. Ignore it at your own peril.
2008, PENNSYLVANIA, USA (PRUDENT BEAR)

Market Economy and Ethics
By Joseph Cardinal Ratzinger (Pope Benedict XVI) — Pope offered prophecy of market collapse in 1985 paper
1985, ROME, ITALY (ACTION INSTITUTE)

Inflation , Hyperinflation , Stagflation

Federal Reserve Sets Stage for Weimer-style Hyperinflation
By William Engdahl — Unprecedented Federal Reserve expansion of the Monetary Base in recent weeks sets the stage for a future Weimar-style hyperinflation perhaps before 2010
Dec 15 2008, SAN DIEGO, CALIFORNIA, USA (FINANCIAL SENSE)

U.S. Hyperinflation Right Around the Corner?
By The Mogambo Guru — If government keeps creating more and more money and credit, then consumer prices will rise exponentially and the economy will be ruined, just like Zimbabwe today
Dec 05 2008, USA (BLOOMBERG)

The American Crisis and the Case for an Inflationary Depression
By Naufal Sanaullah — The collapse of the commodity bubble beginning late this summer erased inflationary worries from the minds of many
Dec 03 2008, MICHIGAN, USA (BLOOMBERG)

Starting Now: America’s Second Great Depression
By Martin D. Weiss, Ph.D. — After more than six decades of growth, America is sinking into its Second Great Depression of modern times
Dec 01 2008, JUPITER, FLORIDA, USA (MONEY AND MARKETS)

World stability hangs by a thread as economies continue to unravel
By Ambrose Evans-Pritchard — Spreads on geo-strategic risk now widening as dramatically as the spreads on financial risk at the onset of the credit crunch
Dec 01 2008, LONDON, ENGLAND, UK (TELEGRAPH)

The Reserve Bank of Zimbabwe Commends US and UK Authorities for Following Its Lead
By Yves Smith — You just can't make this stuff up...
Nov 30 2008, USA (NAKED CAPITALISM)

Inflation expected to be down in Canada, U.S.
By Eric Beauchesne — Canada's inflation rate is heading down in a hurry with the help of plunging gasoline prices
Nov 16 2008, VANCOUVER, BRITISH COLUMBIA, CANADA (VANCOUVER SUN)

Five Things You Need to Know: Why Not Hyperinflation?
By Kevin Depew — A deflationary debt unwind is now underway, and why it will be many years before we should start worrying about inflation again
Nov 07 2008, USA (MINYANVILLE)

Global Crisis? This is the real crisis!
By BonCherry — Photographs of the reality of hyperinflation in Zimbabwe
Oct 26 2008, USA (BONCHERRY.COM)

Inflation vs. Deflation... Nope - Stagflation
By Krassimir Petrov, PhD — Unless another Great Depression truly chokes consumer demand, inflation is only going to get worse.
Oct 24 2008, SAN DIEGO, CALIFORNIA, USA (FINANCIAL SENSE)

All Roads Lead To Hyperinflation
By Bob Chapman — Foreign entities purchase tangible U.S. property US before hyperinflation erodes, destroys purchasing power of their US dollar forex reserves
Nov 10 2008, NEW YORK, USA (BLOOMBERG)

Will Bailouts Risk Hyperinflation?
By News Staff — Martin Hennecke, Tyche: government bailouts of financial system will destroy the dollar, euro and sterling because of hyperinflation
Oct 13 2008, NEW YORK, USA (CNBC)

Roubini's Double Whammy.....Credit bust and Stagflation
By Nouriel Roubini — A deadly cocktail mix:....... The 1973 & 1979 (Stagflation) meets the 1990 and 2001 (Asset/Credit Bust) with the result being an ugly U.S. recession and sharp global slowdown
Jun 30 2008, USA (MARKET TICKER)

Hyperinflation Special Report
By John Williams — Hyperinflationary Depression Remains Likely As Early As 2010
Apr 08 2008, USA (SHADOWSTATS.COM)

Looks a Lot Like Stagflation…
By Chris Farrell — Dismal reports on producer prices and consumer sentiment are just the latest signs that the 1970s scourge could be making a comeback
Feb 27 2008, NEW YORK, USA (BUSINESS WEEK)

A Monetary Explanation of the Great Stagflation of the 1970s
By Barsky & Kilian — The origins of stagflation and the possibility of its recurrence
Jan 2000, ANN ARBOR, MICHIGAN, USA (UNIV. OF MICHIGAN)

Deflation

How to avoid the horrors of 'stag-deflation'
By Nouriel Roubini — US and global economy at risk of severe stag-deflation, a deadly combination of economic stagnation/recession and deflation
Dec 02 2008, USA (NINE MSN)

Kohn vows vigilance toward rising deflation risk
By Greg Robb — Federal Reserve should "move aggressively" if the risk of deflation grows, says vice chairman of the U.S. central bank
Nov 29 2008, NEW YORK, USA (MARKET WATCH / WSJ)

Why buy now if prices are plummeting? How deflation could drag us all down
By Phillip Blond — In debt-heavy Britain, delayed purchases will make a mockery of fiscal stimulus and may lead to depression
Nov 23 2008, LONDON, ENGLAND, UK (INDEPENDENT)

The Deadly Dirty D-Words: “Deflation”, “Debt Deflation” and “Defaults”
By Nouriel Roubini — We have reached the Bermuda Triangle of a “liquidity trap”
Nov 21 2008, NEW YORK, USA (RGE MONITOR)

China Positioned to Unleash Global Deflation
By David Parkinson — China could be on the verge of pushing the world into a deflationary spiral
Nov 14 2008, TORONTO, ONTARIO, CANADA (GLOBE & MAIL)

Fear of Deflation Lurks as Global Demand Drops
By Peter S. Goodman — As financial distress grows, threat of deflation may be gathering force within the American economy
Oct 31 2008, NEW YORK, USA (NY TIMES)

The Coming Global Stag-Deflation (Stagnation/Recession plus Deflation)
By Nouriel Roubini — Arguing against a stagflation scenario
Oct 25 2008, USA (TICKER FORUM/RGE MONITOR)

Deflation, Ben Bernanke and the Famous Helicopter
By News Staff — Federal Reserve officials see a broad-based decline in prices as possible though highly unlikely
Oct 18 2008, WASHINGTON, D.C., USA (WSJ)

Now Presenting: Deflation!
By Mike (Mish) Shedlock — Deflation is here and it is now. Anyone who sees stagflation or inflation out of what's happening now missing the boat.
Mar 17 2008, WASHINGTON, USA (MISH'S)

Recession

It's official: US has been in a recession all year
By Martin Crutsinger — National Bureau of Economic Research panel says US recession began in December 2007
Dec 01 2008, WASHINGTON, D.C., USA (AP / YAHOO)

The Risk of Redefining Recession
By Lakshman Achuthan & Anirvan Banerji — Clinging to over-simplified definitions of recession is a dangerous misconception.
May 07 2008, NEW YORK, USA (CNN)

Business Cycle Dating Committee, National Bureau of Economic Research
By National Bureau of Economic Research — The NBER’s Recession Dating Procedure
Oct 2008, CAMBRIDGE, MASSACHUSETTS, USA (NBER)

Recession? Why Worry?
By John Kenneth Galbraith — But monetary policy works against recession by reducing interest rates and therewith rentier income
May 12, 1993, NEW YORK, USA (NY TIMES)

Unemployment

My Laid-Off Life
By Mara Altman — Since August, 33,000 New Yorkers have lost their jobs. Here are seven recent casualties
Dec 28 2008, NEW YORK, USA (NY TIMES)

Will the Safety Net Catch Economy’s Casualties?
By Steven Greenhouse — Unemployment insurance weak for a long time, but now quite anemic relative to the need
Nov 16 2008, NEW YORK, USA (NY TIMES)

Mayor Daley: Prepare For Mass Layoffs
By Joanie Lum — Chicago CEOs Tell Mayor huge layoffs coming in November, December
Nov 13 2008, CHICAGO, ILLINOIS, USA (CBS)

See also Employment | Unemployment in 'Economic Reporting'

U.S. Public Debt

Who Will Finance America's Deficit?
By David P Goldman — U.S. government needs to borrow US $1 trillion a year, before bailouts and rescues
Nov 13 2008, HONG KONG (ASIA TIMES)

29 States Faced Total Budget Shortfall of at Least $48 Billion in 2009
By McNichol & Law — States closed budget gaps through spending cuts, use of reserves or revenue increases
Aug 05 2008, WASHINGTON, D.C., USA (CENTER ON BUDGET & POLICY PRIORITIES)

See also U.S. Federal Deficit & Solvency in 'Economic Reporting'

Great Depression I & II

'The Return of Depression Economics and the Crisis of 2008,' by Paul Krugman
By Brad DeLong — LikeJapan's lost-growth decade and the East Asian crisis, current financial crisis serves as example of "depression economics
Dec 01 2008, LOS ANGELES, CALIFORNIA, USA (LA TIMES)

Bernanke says crisis 'no comparison' to Great Depression
By News Staff — Bernanke cited "an order-of-magnitude difference" in the current situation compared to the 1930s
Dec 01 2008, USA (BREITBART)

The Great Depression of the 21st Century: Collapse of the Real Economy
By Michel Chossudovsky — This crisis is far more serious than the first Great Depression
Nov 15 2008, MONTREAL, QUEBEC, CANADA (GLOBAL RESEARCH)

Depression recollections
By John Keilman — Children of the Great Depression have poignant memories of economic turmoil
Nov 15 2008, CHICAGO, ILLINOIS, USA (TRIBUNE)

Great Myths of the Great Depression
By Lawrence W. Reed — A summary of sinister events of the depression (in PDF).
2000, MIDLAND, MICHIGAN, USA (MACKINAC CENTER)

The Panic of 1819: Reactions and Policies
By Murray Rothbard — Murray Rothbard's book about the 1819 panic (complete book in PDF)
2008, AUBURN, ALABAMA, USA (VON MISES INSTITUTE)

The Four Year Cycle
By Tim Wood — Quotes From the Great Depression
2008, USA (SAFE HAVEN)

The Crash of 1929
By American Experience — An eight-part film series on the first Great Depression
Nov 25 2008, NEW YORK, USA (PBS)

Bubbles

The Financial Bubble Was Created by Central Bank Policy
By Richard M. Ebeling — The blame game about who or what has been behind the financial nightmare is in full swing
Nov 05 2008, NEW YORK, USA (AIER)

With Bubbles Popping Worldwide, No Wonder the Economy's Gone Flat
By Steven Pearlstein — What we now have is a set of economic and financial bubbles bursting at roughly the same time
Oct 07 2008, WASHINGTON, D.C., USA (WA POST)

Famous Bubbles
By Thalif Deen — Frontline show: from Tulipmania to Japan's bubble economy
2008, NEW YORK, USA (PBS)

The Global Economy Bubble Equilibrium
By Ian Fletcher — Post-autistic Economics Review, Issue no. 44 - common criticisms of current exchange rates are laughable
2007, USA (PAECON.NET)

Business & Industry

The Good Times Stop Rolling: Vegas Meets the Recession
By T.R. Watcher — Las Vegas in the grips of its worst economy - The city's cocksure swagger is gone
Dec 29 2008, LAS VEGAS, NEVADA, USA (TIME)

Ad losses send industry into a tailspin
By David Olinger — More than 30 U.S. daily newspapers are for sale, and buyers are scarce
Dec 05 2008, DENVER, COLORADO, USA (POST)

Inside Look: A Dark Cloud Over Retailers
By Howard Davidowitz — The Future of Macy's - Analysis and Discussion with Howard Davidowitz, Shorted 62 Retailers This Year
Nov 29 2008, NEW YORK, USA (BLOOMBERG/YOUTUBE)

Berkshire's Credit Risk Soars on $37 Billion Bet
By Holm & Harrington — The cost of protection on Berkshire debt has jumped to 415 basis points from 140 bp two months ago
Nov 18 2008, NEW YORK, USA (BLOOMBERG)

Insurers Pull Cover from GM and Ford Suppliers
By Stacey, Reed & Guthrie — European credit insurers remov cover from GM, Ford suppliers.
Nov 14 2008, LONDON, ENGLAND, UK (FT.COM)

Worst May Be Yet to Come for Citigroup
By Eric Dash — Citigroup withering along with its share price, which sank to single digits for the first time in a dozen years
Nov 13 2008, NEW YORK, USA (NY TIMES)

In bad economy, boat owners abandon their vessels
By Malia Wollan — From Southern California to Maine, boat owners have abandoned thousands of vessels on the waterfront
Nov 13 2008, SAN FRANCISCO, CALIFORNIA, USA (AP/USA TODAY)

The Gray Lady turns pasty white: Is the financial demise of The Times at hand?
By Dr. Denny Wilkins — The New York Times has fallen on hard times
Nov 11 2008, USA (SCHOLARS & ROGUES)

Trippin’ With Trip: One Man’s View Of Carnage To Come
By Eric Savitz, Tech Trader Daily Blog — A distressing list of tech dive prognostications
Nov 10 2008, NEW YORK, USA (BARRONS)

The System Implodes: The 10 Worst Corporations of 2008
By Robert Weissman — Multinational Monitor’s annual list of the 10 Worst Corporations of the year
Nov 2008, USA (MULTINATIONAL MONITOR)

Hartford Falls By Half on $2.6 Billion Quarterly Loss
By Erik Holm — Hartford loses more than half its market value after reporting its first unprofitable quarter in five years.
Oct 30 2008, NEW YORK, USA (BLOOMBERG)

Dead Men Walking
By John Mauldin, Bennet Sedacca — Corporations that may be 'walking dead
Aug 25 2008, USA (INVESTORS INSIGHT)

De/Leveraging

Fighting the Global Slump: Less Is Dangerous
By Richard Mia — Amid a debt-deflation spiral, the governments' greatest risk is enacting stimulus measures that are too little to fight the slump
Nov 20 2008, NEW YORK, USA (BUSINESS WEEK)

How Far Will Deleveraging Go?
By David Roche — Credit will still have to shrink to keep leverage at precrisis levels
Nov 08 2008, NEW YORK, USA (WALL ST. JOURNAL)

Mergers & Acquisitions

Rodge Cohen’s ‘Five Weeks in Hell’
By Dan Slater — a snapshot of what hell looks like for an in-demand M&A lawyer
Oct 09 2008, NEW YORK, USA (WALL STREET JOURNAL)

Deals: Meltdown at Least Warms the Week's M&A
By Roy Harris — Berkshire Hathaway infusion into Goldman and Chase purchase of WaMu
Sep 29 2008, NEW YORK, USA (CFO.COM)

Canada

Fate of BCE Buyout in Doubt
By Peter Lattman — Proposed Deal for Canadian Phone Giant Is Put on Hold After KPMG Report
Nov 28 2008, NEW YORK, USA (WALL STREET JOURNAL)

Signs of North American Economic Meltdown Mount
By Eric Beauchesne — Canadian consumer confidence plungeS to lowest level in more than a quarter century
Oct 17 2008, OTTAWA, CANADA (CANWEST)

Ottawa weighs proposals to aid banks if crisis persists
By Carmichael and Stewart — How Canadian government may help Canada's banks weather the global credit crisis, giving access to treasury backed assets
Oct 9 2008, TORONTO, CANADA (GLOVE & MAIL)

Canadian banks the soundest in the world
By News Staff — Canada said to have the world's soundest banking system.
Oct 09 2008, CANADA (CTV.CA)

Don't count out housing crash in Canada: Merrill
By Jacqueline Thorp — Canada may be heading for its own housing-induced credit crunch.
Sep 24 2008, DON MILLS, ONTARIO, CANADA (FINANCIAL POST)

Inevitable’ housing mess inches closer
By Garth Turner — Media release from MP-author of 'Greater Fool': The Troubled Future of Real Estate"
Sep 24 2008, NEW YORK, USA (GREATERFOOL.CA)

Canada's Economy Will Slow to a Crawl: OECD
By News Staff — Canada's national economy will expand at the second slowest pace in the industrialized world.
Sep 02 2008, TORONTO, ONTARIO, CANADA (CBC)

Global Economies

Ottawa set to increase national debt by over $100 billion
By By Julian Beltrame — Canada's government set to begin a series of budget deficits that could total $100 billion
Jan 21 2009, OTTAWA, ONTARIO, CANADA (CANADIAN PRESS)

Asian trade in 'free fall' as exports to West dry up
By Ambrose Evans-Pritchard — Economic downturn in Asia has taken a sharp turn for the worse as Japan slides into deep recession and exports contract in China, Korea, and Taiwan
Dec 10 2008, LONDON, ENGLAND, UK (TELEGRAPH)

3 Reasons Why Japan’s Economy Might Not Survive a US Recession
By Rebekah Manning — U.S. recession, falling DOW, strong Yen may combine to Japan's detriment
Dec 02 2008, SAN FRANCISCO, CALIFORNIA, USA (ONLINE FOREX TRADING)

BOJ to Accept More Debt to Help Businesses Get Funds
By Otsuma & Fujioka — Bank of Japan will accept lower- grade corporate bonds as collateral for loans to banks as recession deepens
Dec 02 2008, NEW YORK, USA (BLOOMBERG)

Japan industry: 'Unprecedented' decline
By News Staff — Country's industrial production plummets as slowing world economy weighs on exports
Nov 28 2008, TOKYO, JAPAN (CNN)

Boom turns to gloom as crisis hits Dubai
By Thomas Atkins — Dubai shifted into crisis mode this week as its breakneck building boom stalled
Nov 21 2008, DUBAI (REUTERS)

Beijing Forecasts Grim Outlook Amid Factory Closures
By Geoff Dyer — China's employment outlook is becoming “grim”, say officials
Nov 21 2008, BEIJING, CHINA (FT CHINESE.COM)

China fears job riots
By News Staff — China's job outlook is "grim," and the global financial crisis could cause more layoffs and labor unrest
Nov 20 2008, BEIJING, CHINA (CNN)

In Iceland: "Turmoil to Protest"
By Andy Jordan — Icelanders gather in one of the largest public protests in their history to express shock at the financial crisis and anger at the government (video)
Nov 17 2008, REYKJAVIK, ICELANAD (WALL STREET JOURNAL)

Ecuador May Default on $30 Million Interest Payment
By Pimentel & Cancel — Ecuador may default on $30 million interest payment, on the verge of fulfilling a threat to repudiate the country's debt.
Nov 14 2008, NEW YORK, USA (BLOOMBERG)

Euro-zone in Recession
By White & Pylas — European Union says the 15 countries that use the euro are officially in recession
Nov 14 2008, BRUSSELS, BELGIUM (AP)

Gulf Shares Fall as Banks Tighten Credit; Kuwait Halts Trading
By Haris Anwar — Persian Gulf stocks tumble, Dubai index down-spike spurs trading halt in Kuwait, as banks tighten credit and oil plunges to 21-month low.
Nov 13 2008, NEW YORK, USA (BLOOMBERG)

Ken Clarke warns Britain is on the brink of 'meltdown'
By Neate & Miller — Former Conservative Chancellor warns economy is on the brink of "meltdown" and unemployment could reach three million
Nov 12 2008, LONDON, ENGLAND, UK (TELEGRAPH)

Spot of Swiss
By Tracy Alloway — If the banks become too big for (small) countries to save, their failure becomes a self-fulfilling prophecy
Nov 12 2008, LONDON, ENGLAND, UK (ALPHAVILLE)

Stunned Icelanders Struggle After Economy’s Fall
By Sarah Lyall — The collapse came so fast it seemed unreal, impossible
Nov 08 2008, NEW YORK, USA (NY TIMES)

IMF Revises Down Growth Forecast for 2009
By News Staff — IMF's projection for world economic growth for 2009 revised sharply downward
Nov 10 2008, NEW YORK, USA (SSY)

Some owners deserting factories in China
By Don Lee — Financially troubled plants are being abandoned by the boss, leaving behind unpaid workers and debts.
Nov 03 2008, SHAOXING, CHINA (LOS ANGELES TIMES)

Australian House Prices, Retail, Manufacturing, Job Ads Plunge
By Jacob Greber — Global financial crisis has a significant impact on Australia's domestic economy
Nov 03 2008, NEW YORK, USA (BLOOMBERG)

Credit crisis tsunami threatens world trade
By News Staff — Coupled with declining demand, the credit squeeze is threatening international trade
Oct 29 2008, NEW YORK, USA (BLOOMBERG)

Moskva Meltdown
By George H. Wittman — After years of Putin's economic legerdemain, the laws of real world economics have caught up with Russia
Oct 24 2008, ARLINGTON, VIRGINIA, USA (AMERICAN SPECTATOR)

Globalization & Decoupling

Global Decoupling Myth Shattered In Equity Selloff
By Mike (Mish) Shedlock — A look at decoupling from the perspective of various currencies and the carry trade
Nov 10 2008, NEW YORK, USA (MISH'S)

Peter Schiff Hugely Right, Enormously Wrong as Hard Landing Hits China
By Mike "Mish" Shedlock — On China and a decoupling theory now totally blown out of the water
Nov 09 2008, WASHINGTON, USA (MISH'S)

Recession and the End of the Decoupling Myth
By Colin Chapman — Downturns and problems show the idea of a decoupled world is a myth
Oct 23, 2008, AUSTIN, TEXAS, USA (STRATFOR)

Asia and the Decoupling Myth
By Eichengreen & Park — Theories of global imbalance, decoupling during financial crisis (PDF)
May 2008, BERKELEY, CALIFORNIA, USA (U.C. BERKELEY )

The Decoupling Debate
By Editorial Staff — As America's economy struggles to stay aloft, the developing world is learning to spread its wings
May 2008, NEW YORK, USA (ECONOMIST)

Changing Nature of North–South Linkages: Stylized facts and explanations
By Akin & Kose — The changing nature of growth spillovers between developed economies, the North, and developing countries, the South, driven by globalization
Nov 10 2008, WASHINGTON, D.C., USA (SCIENCE DIRECT)

Foreign Ownership of US Assets

Chinese property hunters to raid US
By Geoff DyeR — Chinese bargain hunters are preparing to descend on American cities
Dec 05 2008, BEIJING, CHINA (BLOOMBERG)

Treasuries Lose Allure for Asia, Europe Investors
By Kruger and Kim — Global investors warn $700 billion will diminish the appeal of U.S. bonds
Sep 24 2008, USA (BLOOMBERG)