News Round-Up: 05 May 2008

| 5 May 2008 06:24

Updated continuously throughout the day

Markets

Why we can’t cruise past a recession – Bill Fleckenstein: MSN Money (05/05/2008)
 Buffett Says Bond Insurers Don’t Deserve AAA Rating – Bloomberg (05/04/2008)
Downgrades Show Storm Isn’t Over – WSJ ($)(05/03/2008)
Credit crisis shows that banks need wise men not wide boys – Roger Bootle: The Telegraph (05/05/2008)

Wall Street CEO Chorus Is Singing Out of Tune: Caroline Baum – Caroline Baum: Bloomberg (05/05/2008)

US

U.S. Services Sector Expands – WSJ ($) (05/03/2008)

Fed Moves to Loosen Tight Credit – NY Times (05/05/2008)
Credit Crunch Sends More Consumers To the Sidelines – WSJ ($) (05/03/2008)
 Economy May Face Prolonged Pain, History Suggests – WSJ ($) (05/05/2008 )
 Credit crunch expands to cash-out refinancing, investment properties and vacation homes – LA Times (05/04/2008)
 Americans cutting back for Mother’s Day – LA Times (05/04/2008)

More big losses expected from Fannie, Freddie – Globe & Mail (05/05/2008)
U.S. in recession, says Oracle of Omaha – Globe & Mail (05/05/2008)
Financial Stocks: Countrywide off, analyst sees deal woe – MarketWatch (05/05/2008)

Bulls’ Optimism May Be Premature – WSJ($) (05/05/2008)

History Suggests Long Economic Pain – WSJ($) (05/04/2008)

Housing weakness isn’t over yet, Buffett say – MarketWatch (05/04/2008)

Buffett buys subprime mortgages, freezes resets – MarketWatch (05/04/2008)

Economic Preview: Credit squeeze still constricting economy – MarketWatch (05/04/2008)

Buffett sees more losses for banks – MarketWatch (05/04/2008)


Canada

Inflation worries will drive interest rates higher: Rubin – Globe & Mail (05/05/2008)

Bombardier holt sich Hilfe aus China – Financial Times Deutschland (05/05/2008)

Europe

El indicador de confianza del consumidor baja en abril a 63,8 – Yahoo! Noticias (05/05/2008)
Italy needs to focus on its productivity growth – FT($) (05/05/2008)
Trichet Warns of Global Inflation – WSJ($) (05/05/2008)
Euro-Zone Sees Manufacturing Slowdown - WSJ($) (05/05/2008)
House prices to fall?further tyle="float: right;">- FT($) (05/05/2008)

Emerging Markets

Exportkrise: China-Boom schwächt sich merklich ab – Der Spiegel (05/05/2008)
 Asia fears lost decade, unrest from food price shock – Reuters (05/04/2008)
Buffett: Korean stock market attractive – WSJ($) (05/04/2008)
Un muerto y 4 heridos en una protesta en Somalia contra la inflación - Yahoo! Noticias (05/05/2008)

As Prices Surge, Thailand Pitches OPEC-Style Rice Cartel – WSJ($) (05/04/2008)

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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