July 2008 – Page 19 – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

Recession worries in Germany deepen

UBS to write down but has massive Tier 1 capital

The Fed wants inflation

The ECB is right and the Fed is wrong

Canada’s largest province on road to recession

Australia: housing slowdown?

U.S Services contract too

U.K. Services Contract

Jobless Claims: 404,000

ECB hikes key rate to 4.25%