Is the roof falling in on the housing market? - Independent Online Edition > Mortgages

Is the roof falling in on the housing market? - Independent Online Edition > Mortgages: "Steepest decline in prices since 1995 Value of average home down 2,000 pounds last month Number of new mortgages down 31% in a year Monthly home lending down 5bn pounds. Has the bubble burst? The signs are ominous. For some months the property market has been cooling, the bubble showing distinct signs of strain."

Bloomberg.com: Worldwide

Bloomberg.com: Worldwide: "Nov. 29 (Bloomberg) -- OAO Gazprom, the world's largest natural-gas exporter, may start selling its crude and gas production in rubles rather than dollars and euros after the U.S. currency weakened."

Thaindian News � More bad news for the dollar as the UAE gets ready to dump it

Thaindian News - More bad news for the dollar as the UAE gets ready to dump it: "Dubai, Nov.28 (ANI): A serious crisis looms ahead of the US dollar as the UAE along with other Gulf Cooperation states are reportedly considering a move to dump the US currency."

Home foreclosures soar 94 percent: RealtyTrac | Reuters

Home foreclosures soar 94 percent: RealtyTrac | Reuters: "NEW YORK (Reuters) - Home foreclosure filings in October edged up 2 percent from September but at 224,451 were a whopping 94 percent higher than a year earlier, real estate data firm RealtyTrac said on Thursday."

The Raw Story | US existing home sales drop 1.2 pct, prices in record slump

The Raw Story | US existing home sales drop 1.2 pct, prices in record slump: "On a 12-month basis, sales in October were down 20.7 percent from the pace of a year ago."

US Home Prices Plunged 4.5% in Third Quarter - Real Estate * US * News * Story - CNBC.com

US Home Prices Plunged 4.5% in Third Quarter - Real Estate * US * News * Story - CNBC.com: "Prices of existing U.S. single-family homes in the third quarter slumped 4.5 percent from a year earlier, matching a record decline from the previous period as the housing downturn deepened, according to a national home price index Tuesday."

Oil leaders' private debate televised by mistake | World | The Observer

Oil leaders' private debate televised by mistake | World | The Observer: "On Friday night, during what the participants thought were private talks, Venezuela's oil minister Venezuela Rafael Ramirez and his Iranian counterpart Gholamhossein Nozari, argued that pricing - and selling - oil using the crippled dollar was damaging the cartel."

Bloomberg.com: News

Bloomberg.com: News: "Nov. 15 (Bloomberg) -- Investor Jim Rogers urged people to get out of the dollar and says he expects to be rid of all his U.S. currency assets by summer next year. ``If you have dollars, I urge you to get out,'' Rogers said in an interview from Singapore. He is chairman of New York-based Rogers Holdings, formerly known as Beeland Interests Inc. ``That's not a currency to own.''"

Saudi minister warns of dollar collapse | Business News

Saudi minister warns of dollar collapse | Business News: "The dollar could collapse if Opec officially admits considering changing the pricing of oil into alternative currencies such as the euro, the Saudi Arabian foreign minister has warned. Prince Saud Al-Faisal was overheard ruling out a proposal from Iran and Venezuela to discuss pricing crude in a private meeting at the oil cartel's conference."

Goldman Sachs Betting Crisis Going On - Free Market News Network

Goldman Sachs Betting Crisis Going On - Free Market News Network: "Goldman Sachs, the feted investment bank and the only major Wall Street firm to have avoided giant losses from the credit crisis, is betting that the chaos in the American mortgage market will continue to get worse."

BBC NEWS | Business | Carnage on Wall Street as loans go bad

BBC NEWS | Business | Carnage on Wall Street as loans go bad: "The scale of the losses that will hit Wall Street banks could approach half a trillion dollars as large numbers of sub-prime home loans go bad."

PeoplePC - News

PeoplePC - News: "NEW YORK - Shares of online brokerage E-Trade Financial Corp. lost more than half their value Monday, with a Citigroup analyst saying customers were poised to flee and the company was at risk of bankruptcy."

Talk of Worst Recession Since the 1930s - November 12, 2007 - The New York Sun

Talk of Worst Recession Since the 1930s - November 12, 2007 - The New York Sun: "A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's 'worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product.'"

'Sub-prime black hole is getting scarier' - Independent Online Edition > Business News

'Sub-prime black hole is getting scarier' - Independent Online Edition > Business News: "Blackstone's president warned that the sub-prime crisis on Wall Street was getting 'deeper, darker and scarier' yesterday as the US private equity firm posted a loss for the third quarter, hit by a fall in real-estate revenues and charges related to its initial public offering."

BofA to writedown $3 billion in debt-related losses - Nov. 13, 2007

BofA to writedown $3 billion in debt-related losses - Nov. 13, 2007: "CHARLOTTE, N.C. (AP) -- Bank of America Corp., the nation's second biggest bank, said Tuesday it will take a $3 billion debt-related writedown in the fourth quarter and warned its losses could grow as the market wrestles with the fallout from the housing and mortgage-lending slump."

Gold, silver hit multi-year highs

Gold, silver hit multi-year highs: "LONDON -- Precious metals zoomed higher on Wednesday on a tumbling dollar and record high oil, with gold trading near its all-time peak, platinum setting a record and silver touching its highest level in 27 years."

Crash is coming, warns top investor - National - theage.com.au

Crash is coming, warns top investor - National - theage.com.au: "THE man responsible for investing $41 billion of the State's money has warned mum-and-dad investors to prepare for a massive sharemarket crash. He says a dramatic downturn is inevitable as the rapid rate of investment is unsustainable, and the repercussions of the $300 billion subprime lending crisis in the US are yet to be felt fully."

FT Alphaville � Blog Archive � Gisele no longer accepts dollars

FT Alphaville Blog Archive Gisele no longer accepts dollars: "Yes, that Gisele. Gisele Bundchen, the supermodel. You know, the Brazilian beauty and former squeeze of Leonardo DiCaprio. OH OK, OK - this Gisele: Gisele Bunchen You see, it just doesn’t make good business sense for a girl to take dollars anymore."

Citigroup calls emergency board meeting - Telegraph

Citigroup calls emergency board meeting - Telegraph: "Fears of more turmoil hitting global stock markets grew last night after it emerged that Citigroup, the world’s biggest bank, has called an emergency board meeting for this weekend amid fears of escalating bad debts."

Top US analyst hits back after death threats over Citigroup downgrade - Times Online

Top US analyst hits back after death threats over Citigroup downgrade - Times Online: "Meredith Whitney, the analyst who prompted a $369 billion (�177 billion) plunge in the value of US shares on Thursday by issuing a negative note on Citigroup, hit out at Wall Street’s culture of intimidation yesterday after receiving several death threats from investors in the bank."

City fears second bank is heading for credit crisis | Special report | Guardian Unlimited Business

City fears second bank is heading for credit crisis | Special report | Guardian Unlimited Business: "The City was swept by rumours yesterday that another British bank was in trouble after Northern Rock indicated it was not the only bank borrowing from the Bank of England's rescue fund."

BBC NEWS | Business | Rumours over Citigroup boss mount

BBC NEWS | Business | Rumours over Citigroup boss mount: "Citigroup boss Charles Prince looks set to resign as the bank prepares for an emergency board meeting, say reports. Investor calls for his resignation have increased since the bank reported a 57% drop in quarterly profits, after losses in the sub-prime mortgage market."

WRAPUP 1-Fed has biggest day of injections since Sept 2001�|�Bonds News�|�Reuters.com

WRAPUP 1-Fed has biggest day of injections since Sept 2001�|�Bonds News�|�Reuters.com: "NEW YORK, Nov 1 (Reuters) - The U.S. Federal Reserve added a total of $41 billion in temporary reserves to the banking system on Thursday, the biggest single day of such injections since September 2001."

BBC NEWS | Asia-Pacific | China raises fuel prices by 10%

BBC NEWS | Asia-Pacific | China raises fuel prices by 10%: "China has raised fuel prices by almost 10% in an effort to ease the country's worsening supply crisis."

Fed Pumps $41B Into US Financial System: Financial News - Yahoo! Finance

Fed Pumps $41B Into US Financial System: Financial News - Yahoo! Finance: "WASHINGTON (AP) -- The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch."

I should pay more tax, says US billionaire Warren Buffett | | Guardian Unlimited Business

I should pay more tax, says US billionaire Warren Buffett | | Guardian Unlimited Business: "The United States' second-richest man has delivered a blunt message to the Bush administration: he wants to pay more tax."

BBC NEWS | Programmes | Moneybox | US Mint considering cheaper coins

BBC NEWS | Programmes | Moneybox | US Mint considering cheaper coins: "The rising price of copper has prompted the US government to consider making coins with cheaper metals."

Foreclosures jump 30 percent in 3rd quarter - Mortgage Mess - MSNBC.com

Foreclosures jump 30 percent in 3rd quarter - Mortgage Mess - MSNBC.com: "Foreclosure actions were reported on more than 446,000 properties the three months ended Sept. 30, up 30 percent from the second quarter and double last year’s third quarter. That brings the overall foreclosure rate to one in every 196 U.S. households."