Friday, May 22, 2009

News headlines

http://www.google.com/hostednews/ap/article/ALeqM5jXPJmkJdyKGBu_J5HvhnfYCkYAzgD98B6O7G0

TOKYO (AP) — Japanese stocks fell Friday...

WASHINGTON (AP) — New rules for the credit card industry...

SINGAPORE (AP) — Oil prices stayed above $61 a barrel Friday in Asia as investors sought a hedge against inflation amid weakening U.S. dollar...

BANGKOK (AP) — Asian stocks wilted Friday as the possibility of credit rating downgrades for major economies and bleak unemployment figures in the U.S. added to fears the recent massive rally was built on shifting sands....

LONDON (AP) — British Airways on Friday reported its biggest full-year loss since...

WASHINGTON (AP) — Auto lender GMAC Financial Services will receive $7.5 billion in additional government aid...

WASHINGTON (AP) — The federal seizure of struggling Florida thrift BankUnited FSB is expected to cost the Federal Deposit Insurance Corp. $4.9 billion...

Further: (From here)

"Currently, 46¢ of every dollar that the federal government spends is borrowed, which makes each dollar worth less in terms of other paper money alternatives, or in terms of a basket of commodities."

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Hmmm... Methinks thes headlines may seal the deal for bears, at least for today.

Have fun!

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