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Hungary fears send stock markets tumbling

Source: guardian.co.uk

Fears that Hungary will soon suffer a Greek-style debt crisis sent shares falling around the world this morning and pushed the euro to a new four-year low.

The Japanese stock market suffered its biggest daily drop in 14 months, while in London the FTSE 100 extended Friday’s sell off with a 1.5% fall in early [...]

Dubai World debt strategy sends stock tumbling

Stock markets in Dubai were down this morning as investors reacted nervously to the latest proposed solution to Dubai World’s $22 billion (£14 billion) debt crisis.

The city’s main index, the Dubai Financial Market fell 0.83 per cent in early trading as it emerged that the troubled state-owned conglomerate plans to offer its creditors just 60 per [...]

Employment-to-population ratio among men 25-54 hit all-time low in November

…as of November, 19.4% of American men in their prime working years didn’t have jobs. By this measure, the current job situation (for men, at least) is much, much worse than in any downturn since the BLS started measuring this stuff in 1948.

Source/Full Story: Curious Capitalist

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Britain edges to recession, IMF warns of Great Depression

Source: The Raw Story
Britain edged ever closer to a recession on Tuesday and the IMF’s top economist warned of a second Great Depression, as stock markets awaited fresh US growth data in the hope of some Christmas cheer.
Britain’s economy shrank by 0.6 percent in the three months to September compared with the previous [...]