Archive for January 21st, 2008

We may not have all the symptoms of a recession but Intrade Prediction Markets has people betting on it and they are putting their money on a recession. Today Asian market few in what the drudge report calls the panic of 2008.

Update 1/22/2008

SAN FRANCISCO (MarketWatch) — The dollar was down against its major counterparts Tuesday, pressured by expectations of an encore from the Federal Reserve, which earlier cut its overnight lending rate by 75 basis points to 3.50% in an emergency move after waves of panic selling in overseas markets.

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