“The Other Jim R.” sent us this: Report: World food prices to rise
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Morgan Stanley’s warning: Credit crunch alert over UK economy. (A hat tip to RBS for sending us that link.)
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From The Financial Times: Car makers warn of tough times in US
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Paulson says mortgage plan to be ready this week. My comment: Freezing adjustable rate mortgages to their “teaser” rate levels will only make the housing crash last longer. Delaying the natural market readjustment will only make matters worse.