NYT Cargo Ships Treading Water Off Singapore, Waiting for Work The root of the problem lies in an unusually steep slump in global trade, confirmed by trade statistics announced on Tuesday.
WSJ Goldman Takes Heat for Conflicts at Whitehall Goldman is in an especially tricky position when acting as both a borrower and lender to itself, critics say.
WSJ US Median Home Price Declines 14% …first-time home buyers accounted for half of all purchases in the quarter, and many of them zeroed in on foreclosed homes.
FT Willem Buiter Inflection Popints and turning points – since you asked President Trichet’s statement that the cycle is at an inflection point is therefore quite consistent with the IMF’s forecast that real economic activity in the Euro Area will continue to decline for this year and much of the next.
FT US Foreclosure Program may be insufficient …the growth in problem loans is now migrating to prime borrowers and ordinary loans with 30-year terms and fixed interest rates.
