THE TELEGRAPH: The Federal Reserve has spearheaded the pumping of hundreds of billions of dollars into financial markets as central banks battle the deepening credit crisis.
The co-ordinated move by central banks including the Bank of England and the European Central Bank is designed to unfreeze lending in dollars, which has collapsed since the demise of Lehman Brothers.
At the moment, banks are having to pay the most since 1999 to borrow dollars for three months on fears another lender will fail. Federal Reserve Spearheads $180bn Injection into Markets >>> By Telegraph Staff | September 18, 2008
WELT ONLINE:
Finanzkrise: Angst beherrscht Börsen – Anleger flüchten in Gold: Börsen krachen zusammen oder lassen ihre Türen gleich ganz geschlossen, milliardenschwere Banken werden zu Spottpreisen übernommen oder verstaatlicht. Das Ausmaß der Finanzkrise ist noch nicht abzusehen, aber die Schockwellen sind längst bei uns angekommen. Und Gold ist wieder ein großes Thema. >>> 18. September 2008
WELT ONLINE:
Analyse: Märkte in der verheerenden Abwärtsspirale: An den Märkten herrscht Panik, Rettungsaktionen des Staates verpuffen. Selbst gesunde Banken drohen umzukippen. Wenn sich die Stimmung nicht dreht, wächst die Gefahr einer Weltwirtschaftskrise. Es bleibt gerade nur ein Trost: Politiker und Notenbanker haben den Ernst der Lage erkannt. >>> Von Jörg Eigendorf | 18. September 2008
SPIEGELONLINE INTERNATIONAL:
US Financial Crisis: 'The World As We Know It Is Going Under': Panic is the word of the hour on Wall Street. Now even Morgan Stanley is fighting for survival. The commercial bank Wachovia and China's Bank Citic are being discussed as possible rescuers. The crisis has led President Bush to cancel a trip. >>> By Marc Pitzke in New York | September 18, 2008
BBC:
Central Bank Moves Cheer Markets: Markets regained some poise in Thursday trading, cheered by news that six of the world's top central banks have taken steps to calm credit markets.
The banks will release $180bn (£99bn) to lift the amount of credit available. >>> | September 18, 2008
THE TELEGRAPH:
Credit Crisis Affects Wives: For Richer, for Poorer?: The domestic repercussions of the financial crisis have already hit home. Just ask the City wives >>> By Judith Woods | September 17, 2008
The Dawning of a New Dark Age – Paperback (US) Barnes & Noble >>>
The Dawning of a New Dark Age – Hardcover (US) Barnes & Noble >>>
