Archive for August, 2007
World Stocks in Meltdown Over U.S. Economy Fears
August 1st, 2007Via: Yahoo / AFP: European and Asian stock markets plummeted Wednesday, mirroring heavy losses the previous day in New York, on mounting fears that weakness in the US housing sector could infect the world economy.
Crash Alert: 5 Steps to Take Immediately
August 1st, 2007For the dawdlers out there, this is decent info re: gambling and paper games. Via: Money and Markets: With last week delivering the worst stock market rout in nearly five years, millions of investors are in a state of paralysis. They’re finally beginning to wake up to the enormity of the meltdown in the housing […]
BEAR STEARNS HALTS REDEMPTIONS ON THIRD HEDGE FUND
August 1st, 2007Via: Bloomberg: Bear Stearns Cos., manager of two hedge funds that collapsed last month, halted redemptions from a third fund after a slump in credit markets prompted investors to demand their money back. The Bear Stearns Asset-Backed Securities Fund had about $900 million invested in asset-backed securities, including mortgage bonds, spokesman Russell Sherman said today […]
