Another economic crash on the horizon?

[Coito ergo sum]

Soros says yes:

Railway porter-turned-billionaire financier George Soros delivered a stark warning last night that the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis.

http://blogs.reuters.com/fundshub/2010/ ... rns-soros/

Foreclosures up again markedly:

U.S. home foreclosures jumped 19 percent to a monthly record in March, driving first-quarter actions up 7 percent from the prior quarter, RealtyTrac said late on Thursday.

http://news.yahoo.com/s/ap/20100415/ap_ ... sure_rates

Unemployment claims spiking up again --

A spike in unemployment claims Thursday underscored the bumpiness of the economic rebound: Consumers are spending more. Factories are making more. But layoffs have not tapered off as fast as expected.

In its report on unemployment claims, the government said the number of newly laid-off people signing up for jobless aid last week surged 24,000 to a seasonally adjusted 484,000. That was the most since late February. Economists had predicted a drop in first-time claims.

http://finance.yahoo.com/news/Jobless-c ... l?x=0&.v=6

China might collapse....

“Bubbles are best identified by credit excesses, not valuation excesses,” he said in a recent appearance on CNBC. “And there’s no bigger credit excess than in China.”.

http://www.nytimes.com/2010/01/08/busin ... hanos.html

Disappointing numbers --

Stocks slide; Google, economic reports disappoint NEW YORK – Financial shares led the stock market lower Friday after federal regulators filed civil fraud charges against Goldman Sachs over its dealings in the subprime mortgage market.

http://news.yahoo.com/s/ap/20100416/ap_ ... 5ic3BzdG9y

Europe struggling to get a handle on debt crisis -

MADRID - Eurozone nations agreed Friday to tighten joint oversight of the economies in Europe's currency union in an effort to stem a government debt crisis that has already forced them to lend billions of euros in standby loans to Greece if it can't borrow from markets.

http://news.yahoo.com/business;_ylt=As9 ... VzaW5lc3M-

Airlines posting losses, again....

Airlines set to post losses; merger talk looms

http://news.yahoo.com/s/nm/20100416/bs_ ... Vzc2V0dA--


Have a nice weekend!

[PsychoSerenity]

This would neither surprise nor worry me greatly.

If the worst comes to the worst- we'll just and and , because there's nothing else to do. (Sing along with the common people, Sing along and it might just get you through)

[Coito ergo sum]

This would neither surprise nor worry me greatly.

If the worst comes to the worst- we'll just and and , because there's nothing else to do. (Sing along with the common people, Sing along and it might just get you through)

But see, there is joy and revelry,
slaughtering of cattle and killing of sheep,
eating of meat and drinking of wine!
"Let us eat and drink," you say,
"for tomorrow we die!"

Isaiah 22:13

[Coito ergo sum]

California unemployment up to 12.6%!!!

SACRAMENTO, Calif. (AP) - California's unemployment rate hit a modern record of 12.6 percent in March, though it rose only a fraction over the previous month, the state Employment Development Department reported Friday.

http://www.breitbart.com/article.php?id ... _article=1

What da dillio, Ahnold?