FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 07, 2011

Is world economy nearing another Lehman moment? Livemint Matters came to a head on Thursday, as the US led a brutal global sell-off in equities—the worst since the end of the Western financial crisis and worse than the one we saw after Lehman crumbled to dust. Friday offered temporary relief as the US ... See all stories on this topic »

Global economy: Our leaders need to seize control of the crisis The Guardian Last week saw some of the most violent oscillations in prices across a wider range of financialasset classes than have ever been witnessed. Gold, Swiss francs, Italian and Spanish bonds, UKbank shares, US Treasury bills, the Japanese yen, ... See all stories on this topic »

Worried about the worldwide crisis? Our experts explain what's going on The Independent Why haven't lessons been learnt from the last financial crisis? Contrary to what many think, what we are now seeing is not a new crisis, but the painful, down-the-line symptoms of the original one. Remember the phrase "toxic debt"? ... See all stories on this topic »

Debt crisis: the key questions The Guardian More than $3 trillion was wiped off the value of companies listed on global stockexchanges last week. Thursday was one of the worst days of trading since the 2008financial crisis, with more than 4% of the value of the Dow Jones industrial average ... See all stories on this topic » The Guardian

AK Party's Gedikli: Turkey to become a global power within a decade Today's Zaman Gedikli also said: “Our people have hardly been touched by the current global financial crisis. If we remain cautious, Turkey will weather any other possible worldeconomic crisis. This event has changed our people's perception of crisis. ... See all stories on this topic » Today's Zaman

Markets Expected Credit Ruling, but Risks Remain, Analysts Say New York Times “It's a very emotional and volatile environment,” said Kenneth S. Rogoff, a professor of economics at Harvard University and author, with Carmen M. Reinhart, of “This Time Is Different,” a history offinancial crises. “An event like this can sometimes ... See all stories on this topic »

Reaching the end - and going forward Cape Cod Times (subscription) By STEVEN PEARLSTEIN Short answer: Because we never really fixed underlying structural problems in the US and global economies that had been building for decades and caused thefinancial and economic crisis in 2008. Those problems included a US economy ... See all stories on this topic »

Debt contagion in Europe proves hard to contain Albuquerque Journal (subscription) International investment climates just don't get more challenging than this. Interestingly enough, the rules of smart money management haven't changed much, even when Greece teetered on the edge of a financial abyss, judging by conversations with Bill ... See all stories on this topic »

Talks to stave off US fallout Sydney Morning Herald ''Since the Australian dollar often acts as a barometer of global financial market sentiment'', downward pressure on the dollar might well be the initial outcome, Commonwealth Bank chief economist Michael Blythe said. Global investors are expected to ... See all stories on this topic » Sydney Morning Herald

Investors try to look past panic Reuters UK The European Central Bank faced a decision on Sunday whether to buy Italian bonds to try to prevent the euro zone debt crisis from widening. Having fallen in nine of the last 10 sessions, the S&P 500 .SPX closed the week down 7.2 percent -- its biggest ... See all stories on this topic »

Asia, Europe to 'Stick It Out' With US Debt After S&P Cut BusinessWeek South Korean officials put the downgrade on the agenda of an emergency meeting on global turmoil today. China's official Xinhua news service said in a commentary that the US must cure its “addiction” to borrowing. With Europe battling its debt crisis, ... See all stories on this topic »

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