HomeLate-2000s Financial Crisis News – United States, Henry Mo, AIG, Nouriel RoubiniBusinessLate-2000s Financial Crisis News – United States, Henry Mo, AIG, Nouriel Roubini

Late-2000s Financial Crisis News – United States, Henry Mo, AIG, Nouriel Roubini

Dow: Best streak since ‘irrational exuberance’
The Dow is on track to post its ninth consecutive day of gains — a rare feat for U.S. stocks.

The Wealth Effect Might Be Shrinking
The Dow keeps hitting all-time highs and home prices are rising. But many Americans do not feel any richer. That could be bad news for the economy. “Consumers may be skeptical about their wealth,” said Mark Zandi, chief economist at Moody’s Analytics.

Greenberg doubles claims in AIG bailout lawsuit vs U.S. to $55 billion
(Reuters) – Maurice “Hank” Greenberg, the former American International Group Inc chief executive, has more than doubled the size of his class-action lawsuit against the United States over the insurer’s bailout to roughly $55.5 billion from $25 billion.

ECB must cut rates or risk crisis again – Roubini
The European Central Bank will eventually be forced to cut interest rates or risk an even deeper recession that could test the eurozone again by inflaming political and social tensions, American economist Nouriel Roubini has warned.



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