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Early Feb 3 Headlines
- UPS Freezes Salaries and Suspends 401(k) match on biggest volume drop in decade (PR)
- Credit Suisse cutting bonuses by 55% (Bloomberg)
- Fitch is starting to sniff for a general obligation California downgrade (MarketWatch)
- $4.8 million option bet the SPY will drop by 17% (IndexUniverse)
- IMF cuts Asian growth prospects by half (FT)
- Will this depression be much worse than 1929 (Debtonation)
- Why Barclays thinks the upcoming default tsunami will drown the life insurance companies(Barclays and Bloomberg)
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