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Go For Gold
This past couples of weeks have felt like an eternity when it comes to noteworthy occurrences in financial markets. We’ve marked are 10th (IndyMac) and 11th FDIC bank rescue. As a result of the escalating number of troubled banks and diminishing value of the assets that these banks hold, the FDIC has been forced to go to the U.S. Treasury for a credit line.
The recent jobless claims and ADP figures have unemployment at a multi-year high, while inflation has quietly ticked over 6% officially. Consumer spending continues to dry up while shoes continue to drop in the credit market. All…
11Sep2008 | Oxbury Research | 3 comments | Continued
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