Houston may lose economic cushion, Area becomes more vulnerable to downturn if oil prices continue to decline, economist says.
Oil prices that have slumped to barely half of last summer’s record highs could make Houston more vulnerable to the economic woes afflicting the rest of the country, a top local economist predicts.
Houston isn’t facing a repeat [...]
October 11th, 2008 | Posted in Current Oil Prices, Economic Crisis, Economic Cushion, Economic Recession, Financial Crisis, Great Depression, US Market, Wall Street Economy | No Comments
Wall Street Stock Markets: Give us a financial help to over credit crisis. If Wall Street wanted to keep the pressure on world leaders for another huge government-led bailout of the global financial system, maybe the rally in the final hour today wasn’t the right strategy.
Nonetheless, hope for a rescue that will finally turn the [...]
October 11th, 2008 | Posted in Economic Crisis, Financial Crisis, Great Depression, US Market, Wall Street Economy | 3 Comments
Great Depression on Wall Street? US Markets Make for worse, and cry for help. Economic policymakers of the G-7 industrialized nations meet in Washington this weekend. If they don’t have their own blueprint for action, Roubini just gave them one.
If ever there was a setup for a Black Friday on Wall Street, this is it.
We [...]
October 11th, 2008 | Posted in Economic Crisis, Financial Crisis, Great Depression, US Market, Wall Street Economy | No Comments