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Economic Collapse

Jobless Benefit Rolls in U.S. Reach 3.52 Million, Highest Level Since 2003

Jobless Benefit Rolls in U.S. Reach 3.52 Million, Highest Level Since 2003

More people sign up for jobless benefits - Aug. 7, 2008

WASHINGTON (AP) -- The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy.

62,000 Jobs Lost in one month Worldwide

Payrolls fell by 62,000 after a 62,000 drop in May that was greater than initially reported, the Labor Department said today in Washington. The jobless rate remained at 5.5 percent after jumping in May by the most in two decades.

Barclays warns of a financial storm as Federal Reserve's credibility crumbles - Telegraph

Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero".

The Dollar Has Fallen And Can't Get Up -

Financial Firms May Make Deeper Cuts, Eliminate 175,000 Jobs Worldwide

The world's biggest financial firms may lose as many as 175,000 jobs by this time next year as Citigroup Inc. and other banks shed workers amid slowing revenue and billions in writedowns, executive recruiters say.

Paulson & Co. Says Writedowns May Reach $1.3 Trillion

John Paulson, founder of hedge fund Paulson > News > Business -- Forecast predicts slow economy for 18 more months

By the time the mortgage crisis is over nationwide, home prices may be 25 percent to 30 percent off their peak

U.S. Economy: Confidence Falls as Home Values Decline Worldwide

Confidence among American consumers fell in May to the lowest level since 1992 as the two-year housing slump showed no sign of bottoming.
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