Economy News for Wed 29 Sep 2010

Banks Keep Failing, No End In Sight http://online.wsj.com/article/SB10001424052748704760704575516272337762044.html If The Recession Has Ended, Why Is The Fed So Worried? http://www.moneyandmarkets.com/if-the-recession-has-ended-why-is-the-fed-so-worried-40255?FIELD9=1 Boomer Suicides On Rise In US http://www.reuters.com/article/idUSTRE68Q5OK20100927 US Economy "Close To A Destructive Tipping Point," Glenn Hubbard Says http://finance.yahoo.com/tech-ticker/u.s.-economy-%22close-to-a-destructive-tipping-point%22-glenn-hubbard-says-535457.html Stocks Slip As European Protests Worsen Debt Fears http://finance.yahoo.com/news/Stocks-slip-as-European-apf-2574349516.html?x=0 Is The Federal Reserve Out Of Control? Markets Around The World Brace For Impact As The Federal Reserve Powers Up The Printing Presses http://theeconomiccollapseblog.com/archives/is-the-federal-reserve-out-of-control-markets-across-the-globe-brace-for-impact-as-the-federal-reserve-powers-up-the-printing-presses Median Household Income Is Falling In Almost Every Major American City http://endoftheamericandream.com/archives/median-household-income-is-falling-in-almost-every-single-major-american-city/american-cities-and-states-are-flat-broke-2 Economic Collapse Update: Acceleration In Autumn http://neithercorp.us/npress/?p=812 Dollar Trades Near Five-Month Low Before US Housing, Sentiment Reports http://www.bloomberg.com/news/2010-09-28/dollar-trades-near-five-month-low-before-u-s-housing-sentiment-reports.html 85 Minnesota Jobs Experts Bounced From Jobs http://www.startribune.com/business/103898394.html?elr=KArksUUUycaEacyU Smuckers To Close 2 Plants, Cut 150 Jobs http://www.breitbart.com/article.php?id=D9IH4TS00&show_article=1 (and the recession is over?)

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  • Kim, I think so, I think it is possible for all banks to fail by the end of the year. This would be a mixed blessing...
  • ZT has said no. I personally don't think they will all fail, but I think we will see a lot more fail. Since about 2008 about 250+ banks have failed.
  • Is it possible for all banks to fail (before px)?
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