Tech stock’s decline of 7% in the past three days -- led by Google and Apple may signal US economy headed for a deep recession – what the impact on world economy?
Sam Adelton
Nov. 10, 2007

The Dow industrials tumbled 223.55 to 13042.74, capping a three-day stretch in which the index shed 4.5%. The Nasdaq sank 7% in the past three days -- led by Google and Apple. This is significant. It is not a crash but may be the start of the longesst bear markets in the history of the world’s financial markets.

The mortgage meltdown, real estate bubble busrts, $100 oil price and slide of US Dollar has created for the first time a scenario of total financial meltdown and evetual world depression.

The tech stocks’ fast decline from a leadership role is most significant. On Friday the financial stocks actually did better than the tech stocks. That is because the market now knows a deep nasty recession in US is in the crads. The interest rates will plummet. The economically sensitive stocks will go with it. The financial stocks as a matter of fact may rally with massive drop in terest rates on the horizon.

Tech stock’s decline of 7% in the past three days -- led by Google and Apple may signal US economy headed for a deep recession – what the impact on world economy?
Sam Adelton
The mortgage meltdown, real estate bubble busrts, $100 oil price and slide of US Dollar has created for the first time a scenario of total financial meltdown and evetual world depression.
READ MORE>>

ETrade and Wachovia may have write off half of their mortgage backed securities – the mortgage meltdown continues
Fred Day
. While the real biggies may take time to capitulate, Wachovia and Etrade are in real troubles in spite of casual behavior from these financial institutions.
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Chairman and chief executive of Citigroup stepping down confirming that the mortgage bubble and scam is beyond imagination
Sam Adelton
Things are becoming more transparent. The mortgage bubble and the scam is just beyond anything we have ever seen. Chuck Prince is planning to step down as chairman and chief executive of the banking giant.
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Subprime mortgage losses miniscule compared to what is cooking in the prime mortgage areas –financial meltdown continues with stealth
Peter Oberois
The mortgage bankers made deals with appraisal companies. The code of ethics for the appraisal industry was thrown in the water. The mortgage lenders dictated what the price of home should be.
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US may lead the world in a depression – the lower steel profit from lower construction and car sales is the first signal
SamAdelton
The high value of Euro compared to US Dollar is pushing Europe into recession. All of these are coming from weaker US economy and inability of the US economy to grow faster without budget and trade deficits.
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Home price, consumer confidence and massive losses in mortgage markets – the core deflation with inflation in food and energy
Sanda Johnson
The situation has become more difficult when they fought the deflation by making credit easy in the western world. The easy home equity loans are back firing now badly.
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Yuan surges 0.3% - is this a real change in Chinese currency policy?
Babu Ghanta
But a 0.3% rise in Yuan against US Dollar in a single day would not make much difference. A consistent rise is required that will reverse some of the flow of goods and services into China.
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