MSM: Fed to pump another $1 trillion into U.S. economy

The Federal Reserve sharply stepped up its efforts to bolster the economy on Wednesday, announcing that it would pump an extra $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities.

MSM: Evans-Pritchard – Dow 4,000 by Summer

Global trade and economic output are collapsing at rates that outpace the Depression of the 1930s, and “shock and awe” policies are required from the U.S. government to revive global growth, says Daily Telegraph International Business Editor Ambrose Evans-Pritchard.

The Greatest Depression Under Way – Gerald Celente

“The Greatest Depression” that The Trends Research Institute forecast, well before Wall Street or Washington would acknowledge recession, is upon us.

The global financial markets are collapsing.

MSM: Dow below 7,000

Blue-chip measure drops to levels not seen since 1997 as AIG reports biggest quarterly loss in corporate history, government revamps rescue.

The U.S. Economy: Designed to Fail

President Barack Obama showed a great deal of gumption in standing before Congress last night delivering his first speech to the joint assembly. All the trappings of power were on display as members of the House and Senate, the Supreme Court, the Joint Chiefs, the Cabinet, and the VIP guests hugged and waved at each other, radiant in their tailored attire only two nights after the Hollywood stars put on their own show on Oscar night.

Orwellian Doublethink: “Nationalize the banks.” “Free Markets.”

The language of deception

MSM: Major indexes fall more than 6 percent for week

Wall Street ended another terrible week Friday, leaving major indexes down more than 6 percent as investors worried that the recession will persist for at least the rest of the year and that government intervention will do little to hasten a recovery.

Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government

Treasury Secretary Timothy Geithner’s so called economic rescue plan, announced yesterday, has a three pronged approach to the financial crisis – more debt, more devaluation of the dollar and more government.

Worse than the Great Depression

The mainstream media and Wall Street have reached the consensus that the current credit crisis is the worst since the post-war period. George Soros’ statement that ”the world faces the worst finance crisis since WWII” epitomizes the collective wisdom. The crisis is currently the ultimate scapegoat for all the economic evils that currently plague the global financial system and the global economy – from collapsing stock markets of the world to food shortages in third world counties. We are repeatedly assured that the ultimate fault lies with the Credit Crisis itself; if there were no Credit Crisis, all of these terrible things would never have happened in the economy and the financial markets.

A Professional Run On Banks Has Begun

“If you have CDs or funds in banks that exceed six months of operating expenses remove them immediately.”

The following are some snippets from the most recent issue of the International Forecaster. For the full 37 page issue, please see subscription information below.

Global Financial Domination: The $8.5 Trillion Chip

Obama’s Gamble – The Ultimate And Final Bet By Obama’s Financial Handlers

A few weeks ago, I warned in my website that the Dow would dive below 7,000 at the earliest by end of December 2008 and at the latest by the end of the first quarter 2009.

Any responsible central banker  would want to control a downturn, preferably by a gradual slide of the market as opposed to a sharp hard landing.

But events and data have revealed that these financial handlers are not responsible and are hard core gamblers in their very soul.

MSM: Down we go again – Fourth-worst drop ever for Dow

Wall Street breaks 5-day win streak as stocks plunge; Dow down 680 in 4th-worst decline

NEW YORK (AP) — The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession.

Financial Meltdown: You Ain’t Seen Nothing Yet

“The problems we face today cannot be solved by the minds that created them” Albert Einstein

Obama hasn’t even been sworn in yet, and already the Wall Street cheerleaders are celebrating his first great triumph. According the pundits, the stock market staged a surprise 494 point rally on Friday because–get this–it was announced that Timothy Geithner would be appointed Obama’s Treasury Secretary.

Timothy who?

Too Late Now!!!

DAILY REPORT (11/14/08)

Every morning the talking heads on CNN and Bloomberg come out with their smiling faces and try to come up with reasons to buy the market. Lately that’s been a tough sell. I, on the other hand, have been bearish on the stock market for longer than I care to remember. There have been a series of supports along the way, at 12,400, 11,650, 10,725 and then down at 9,005, and at each level we would hold for a while, resulting in a chorus of “we’ve bottomed”, until it became obvious that we didn’t. Each subsequent retest would be met with a resounding “retests are bullish” and then we’d head lower yet. The last such critical level is at 8,146 and it was tested twice in October and held both times. This really inspired the bulls and they dragged out the big guns, like Barton Biggs, who took two days of TV time on numerous channels to declare a bottom for stocks and champion his love of the banking sector.

MSM: U.S. Stocks Drop, Dow Average Posts Worst 2-Day Loss Since ‘87

Nov. 6 (Bloomberg) — U.S. stocks slid and the Dow Jones Industrial Average posted its worst two-day loss since 1987 after jobless claims jumped and the shrinking economy decimated earnings at companies from Blackstone Group Inc. to News Corp.

MSM: Stocks extend decline as economic woes mount

Wall Street extends decline as Cisco comments, retailers’ sales add to recession worries

NEW YORK (AP) — Wall Street recoiled again Thursday, sending stocks lower for a second day after Cisco Systems Inc. reported slumping demand and retailers turned in generally weak sales for October. Concerns about widespread economic weakness sent the major stock indexes down more than 3.5 percent, including the Dow Jones industrial average, which tumbled 400 points.

Video: Protest Invades Wall Street

While investors and the media look to the market numbers as an indication of where the economy is headed, others are looking to political leaders who say bailing out Wall Street is not enough.

Dow Jones Bloodbath Mirroring 1929 Rout

A comparison of the current Wall Street crash with the events of 1929 shows that the Dow has at least another 27 per cent drop below the bailout bounce before it bottoms out, despite another rout yesterday after which the Dow had lost over 700 points.

“In 1929 we saw a two day rally of almost 19 per cent followed by a decline of 6 per cent and finally from the recovery high we lost 27 per cent,” Edward Loef from Theodoor Gilissen Bankiers told CNBC this morning.

MSM: U.S. Stocks Drop Most Since Crash of 1987 on Recession Concerns

Oct. 15 (Bloomberg) — U.S. stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the economic slump from deepening.

MSM: Cramer – Get Ready for Another Black Monday

The Dow lost 2,000 points this week, making it the worst sell-off since 1933, Cramer said. He doesn’t think we’re done, though.

Today’s late-day rally brought us too far too fast, he said, and bottoms rarely happen on Fridays anyway. Main Street isn’t paying attention, they find out what happened over the weekend, and then Monday they start to sell.

Worst week for global markets since 1929

World stock markets plummeted Friday, ending a week that saw the biggest collapse in share values since 1929. The looming threat of a world depression provided the backdrop for a meeting of finance ministers from the G7 industrialized countries, who gathered in Washington for emergency talks with US Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke.

Run On The System: Black Friday

Stock markets across the world are in a state of hysteria. The tidal wave of sell-offs, which began when Henry Paulson announced the Bush administration’s $700 billion bailout plan for the sinking banking system, has swelled into a global tsunami racing round the globe. Shares fell sharply across Europe and Asia for the fifth straight day following a 679 drop on the Dow Jones. Nearly $900 billion was wiped off the value of U.S. equities in just one trading day. The Chicago Board Options Exchange Volatility Index, the “fear index”, soared to a record 64. Credit markets remain frozen. Libor, the London interbank offered rate, nudged up slightly on Thursday night, signaling even greater resistance to lending between the banks. Until there is relief in the credit markets, stocks will continue to slide. But trust has vanished. The 50 basis points rate cut that was coordinated with foreign central banks has had no effect. The market is being driven by fear and pessimism.

MSM: Markets crash – How panic spread around the globe

Stockmarkets around the world slumped today as fears of a global recession deepened. After Wall Street fell to a five-year low last night, the rout started in Asia, where Singapore slid into recession, and quickly spread to Europe. In London, the FTSE 100 plunged more than 10% in early trading, and the Dow Jones dived nearly 700 points to 7882 shortly after Wall Street opened, a fall of 8%. Both markets later came off their lows, and the FTSE 100 closed almost 9% down and the Dow was seen off almost 2%.

MSM: Panic on Wall Street: Dow Falls Below 9K

The Dow celebrated the one-year anniversary of its all-time high by closing below the 9000 threshold for the first time since June 2003 and ending in the red for the seventh straight day.

The worst financial crisis since the Great Depression continues to engulf Wall Street, carving out 5,500 points from the index since last October, including 2,200 points over the past seven days alone.

You Saw It Here First; Economic Crash, Banker Stick-Up Predicted Long Ago

While mainstream corporate media lied to Americans claiming economy was strong, we were warning about a “global crash” and a faux solution of “predatory globalism” nearly two years in advance

Asian stocks plunge on fears of global recession

TOKYO (AP) — A meltdown in confidence strangled Asian stock markets Wednesday on accelerating fears that the widening financial crisis could spawn a global recession.

After a miserable day on Wall Street when the Dow Jones industrials lost more than 500 points, investors from Tokyo to Mumbai, Seoul to Sydney dumped shares in a broad regional sell-off.

Anxious investors in Tokyo sent shares into a free-fall, with the benchmark Nikkei 225 stock average plunging 9.4 percent — its biggest drop in 21 years — to 9,203.32, a five-year low.

Panic grips global financial markets

The financial crisis, used to justify the $700 billion Wall Street bailout approved by Congress and signed into law by President Bush on Friday, deepened dramatically Monday, as stock markets around the world registered massive losses in panic selling.

It was the biggest global stock market crash since “Black Monday,” October 19, 1987, when exchanges around the world collapsed and the Dow Jones Industrial Average registered a loss of 22.6 percent, its largest ever single-day decline in percentage terms.

MSM: Dow Dives 508 – S&P Falls 60 – Worst Since 1937

Oct. 7 (Bloomberg) — U.S. stocks fell, sending the Standard & Poor’s 500 Index below 1,000 for the first time since 2003, on speculation banks and real-estate companies are running short of money as the credit crisis worsens.

Bank of America Corp. tumbled 26 percent after cutting its dividend in half and saying it plans to sell $10 billion in common stock to brace for a recession. Morgan Stanley, KeyCorp and JPMorgan Chase & Co. slid more than 10 percent as investors shrugged off signs the Federal Reserve will reduce interest rates. General Growth Properties Inc., a mall owner, plunged 42 percent on concern it won’t be able to repay debt.

MSM: Dow Drops 500 Points In Turbulent Trading

(CBS/AP) Wall Street has had yet another dismal day Tuesday, extending its heavy losses as investors’ worries about the financial sector wiped out early enthusiasm over the Federal Reserve’s efforts to inject confidence into the credit markets. Trading remained fractious and grew more turbulent in the last hour, with the Dow Jones industrial average losing more than 500 points and all the major indexes falling more than 5 percent.

MSM: Dow down as much as 800 points

NEW YORK (CNNMoney.com) — Stocks plunged Monday, with the Dow down as much as 800 points during the session, as the $700 billion bank bailout plan and European government attempts to prop up faltering banks failed to comfort panicky investors.

But the Dow Jones industrial average (INDU)and other major indexes cut losses in the final hour. The Dow ended down 369 points, according to early tallies.

Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000

Tice says precious metals to soar as a result of Fed’s ceaseless devaluation of dollar

Billion dollar fund manager David Tice says that the Federal Reserve’s ceaseless printing of dollars could cause gold to surge past $2,000 an ounce, while the Dow could fall below 5,000.

Tice, who manages the $1.1 billion Prudent Bear Mutual Funds from the Virgin Islands, told Bloomberg TV anchor Carol Massar yesterday that the time scale of his forecast will be determined by how quickly foreigners lose confidence in the dollar.

CNN: Dow takes record fall after bailout fails

Stocks skidded this afternoon, with the Dow’s nearly 778-point drop being the worst single-day point loss ever, after the House rejected the government’s $700 billion bank bailout plan.

A Complete And Systemic Breakdown

Second largest bank failure in US history has been duly noted, with a repeat bailout like Bear Stearns, paying down debts still the better plan, PPT supplies another miracle rally for the Dow, but we fear they only delay the inevitable, Fannie and Freddie collateral now Toxic Waste, liquidity drains now wide open, watch for the downward spiral

U.S. Stocks Slump, Pushing Dow Average to Brink of Bear Market

The Dow extended its retreat from an all-time high in October to almost 20 percent, the threshold for a so-called bear market.