Afshin Rattansi : Europe in Recession

* Japan in deeper recession than previously thought
* Tokyo considers $216 bln stimulus -- newspaper
* Canada declares recession, cuts benchmark rates
* Progress made on U.S. auto rescue plan
* Dow , S&P 500 fall in early trade
By Kevin Liffey and Daniel Trotta
LONDON/NEW YORK, Dec 9 (Reuters) - Japan sank further into recession in the third quarter, new European economic indicators showed that the downturn there is deepening and Canada declared itself in recession on Tuesday.
In the United States, negative retails sales data and tepid home-sales figures failed to animate Wall Street, which traded down after a two-day rally had contributed to sentiment that the stock market could have hit a cyclical bottom.
"There's hesitation that indeed the worst is over," said Andre Bakhos, president of Princeton Financial Group in Princeton, New Jersey. "Only time will tell. Caution is still warranted."

Category:

News & Politics

Tags:

• recession
• sony
• jobs
• bush
• paulson
• obama
• depression
• dow
• 3m
• inflation
• dollar
• gold
• hollywood
• rtz
• china
• korea
• treasury
• treasuries
• bonds
• bailout
• chrysler
• gm
• ford

[sunamori6765]

I've read comments about his hair, his voice, now about his "unshaven" face.

Who cares about these stuff?

What matters is what is going on inside his brain, FCS.

[leninstreet]

Go Max! We need more people like you telling the truth. The sheaple are fucked anyway, let the skeptics and the thinking man save himself.

[KhmerD0g]

government is also at work to prevent the stock market from crashing. it's called Plunge Protection Team. a few weeks ago when the Dow was way down and all of the sudden someone bought a huge volume of future trades worth more than $20 billion dollars at the very last minutes before the trading day closes.

who has that much money to move such a large volume of trade in just 2 transactions? the answer is the government. the market is rigged. there's no free capitalism.

[KhmerD0g]

the answer is because the government steps in and interferes with the "free" market

Deutsche Bank sold large quantities of future gold which they don't have. the German government had to step in and bail them out or else that bank would collapse. if that bank collapses other banks doing business with Deutsche Bank would collapse too due to derivative securities.

the transfer of gold to Deutsche bank was done in secret. that is just one story. there're many hands at work to prevent COMEX default.

[giterdun77]

Well?!? It's almost June 2009 and no comex default. What gives?!?!?

[eatandtravel]

Naked shorting is related to stocks not bonds.

[juffan]

Max Keiser? I think you should definitely do some research on him if you don't know who he is.

[roylikesitlikethat]

currency poker, what an ingenious way to describe. This is going to be scary, I recall back in 97 when Asia was rocked with this crisis, each and every country devalued their currency trying to be competitive. This will be coming in the months ahead. The irony is that people in those areas tend to gravitate towards keeping US dollars instead of their own currency.

[pretorious700]

"Box office futures"

I thought I had heard everyting-I'm wrong again.

[eatandtravel]

I agree. Who is this clown?

He tells half of the story.

[Milwaukee18man]

who the fuck is this guy

[livinginoneness9]

wow thank fuck i dont live in the states