Sunday, June 15, 2008

Economy Watch Headlines

Surging Oil and Food Prices
The ministers said higher prices of oil and other commodities threatened the world economy at a time when it was still reeling from the ...

International Forecaster June

Inflation is destroying the world economy as central banks around the globe pump out money and credit until it inundates everything

After the credit boom comes
The age of cheap food and energy is over for Britain as the world’s economic balance shifts.
US STOCKS-Market drops on
U.S. stocks dropped on Wednesday after a bigger-than-expected drop in U.S. crude oil inventories pushed oil prices sharply higher, stoking fears about inflation and the effect on consumers.

Sentiment soured further on fears of more trouble in the financial sector.

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