Re-posting this with an update because 81 banks have failed this year and analysts say 150-200 more will probably fail.
About the failing banks, mine (Netbank) failed in 2007. I was with Netbank for about 9 years and one day I signed on and was gone. As soon as I saw the (government) notice, I knew two things:
Continue reading Speaking Of Failed Banks, Mine (Netbank) Failed In 2007: Business, Banking, And Predicting The Rescession – Update in 2009

From the Financial Times: Men bear the brunt of US jobs lost

Sarah O’Connor writes:

“The US recession has opened up the biggest gap between male and female unemployment rates since records began in 1948, as men bear the brunt of the economy’s contraction.

Men have lost almost 80 per cent of the 5.1m jobs that have gone in the US since the recession started, pushing the male unemployment rate to 8.8 per cent. The female jobless rate has hit 7 per cent.”

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Continue reading Men Bear The Brunt Of US Jobs Lost: What Does It Mean?

A Touch Of Crash – Depression-Era Chic

“The duds say it all – and it’s depressing.

One of the most popular styles appears to hark back to the impish, newsboy getup of the 1930s: baggy trousers, caps, pinstriped vests, oxford lace-up shoes and utilitarian handbags…”

Read the rest in the NY Post

Last week I wrote about the powerful feelings of insecurity I expect to be unleashed while Pluto transits Capricorn. Some will be on the front line or have an early heads up as to what looms and I imagine I am going to be one of them based not only on my chart but on the events that have already transpired.

For example, back in September, 2007, my bank failed. I had been a Netbank customer since their inception pretty much and one day I signed on and found the bank had failed. Hmm, I thought. So this is what that feels like.
Continue reading Pluto In Capricorn – Recession, Hunger, Sense Of Responsibility…

Buffett on the loonie, the U.S. recession and Bear Stearns

Jonathan Ratner  writes:

“… He confirmed his view that the U.S. is in fact in recession. If people find their financial situation is worse than it was six months ago, his advice is to “remain calm and make good investment decisions. It means driving the extraneous thoughts out of your mind.”

He added that investors should think for themselves and be detached from the crowd.”

Read the rest

Sounds like Saturn (control) in Virgo (mind) to me.