Guest guest Posted November 9, 2007 Report Share Posted November 9, 2007 Dear friends, The turmoil continues in New York, with the Dow Jones Industrial Average down around 160 points. Loan losses of the banks are the overriding concern but also worries about the growth outlook, not least due to a fresh warning by the countries chief central banker. Here are some of the headlines on DrudgeReport.com: DOW DROPS HARD; FIGHTS BACK... Deepening Concerns About Banks... More Credit Writedowns... WACHOVIA Whacked... ....and on Bloomberg.com U.S. Shares Drop to Lowest in Two Months on Deepening Concern About Banks Wachovia Sets Aside Up to $600 Million for Loan Losses in Fourth Quarter Yen Advances to Highest Against Dollar Since May 2006 on Declining Stocks Trichet, Flaherty Push Back Against Dollar, Putting Focus on Bush Silence Fannie Mae Third-Quarter Loss Widens as Housing Slump Deepens; Shares Fall Miami, Puerto Rico Scrap Borrowings as Municipal Bonds Fall a Third Week Trade Gap in U.S. Unexpectedly Narrows as Weaker Dollar Spurs Export Surge Buyout Firms, Hedge Funds Look to Senate, Bush to Beat Back Tax Increase ....and CNN.com Fed Chief warns of U.S. slowdown November 8, 2007 -- Updated 1610 GMT (0010 HKT) Story Highlights Federal Reserve chief keeping close eye on oil, housing market Bernanke: " financial market volatility and strains have persisted " Says higher oil prices may stoke inflation, impede growth Fed hinted that it may not cut interest rates in December The conjunction of transit L6 Jupiter in weakness and natal L8 Saturn at around 27° Scorpio H5 in the SAMVA USA chart is clearly a very difficult one. Best wishes, Thor Quote Link to comment Share on other sites More sharing options...
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