Archive for the 'Economy' Category
S&P 500 Index Futures Down 2%
August 8th, 2011ESU11 Sep 2011: -24.75 -2.07% 22:51
Gold Gap Up: New Record High
August 8th, 2011Spot: $1696.10.
Israeli TA-25 Down 7%
August 7th, 2011Via: Haaretz: Tel Aviv stocks plunged across the board on Sunday, losing more than 7% in reaction to America’s loss of its perfect credit rating late last week and a sharp selloff in world markets Thursday. The Sunday retreat was the steepest intraday fall since the global economic crisis erupted in 2008.
APMEX Halts Sales of Precious Metals Until After Trading Opens in Asia
August 7th, 2011Disclosure: I am an apmex.com affiliate. Update: APMEX Re-Opens —End Update— This message appears when attempting to checkout: *Attention – Due to the uncertainty in the global precious metals markets, we will not be able to accept any additional orders until the global markets re-open in Asia. We expect to be accepting orders around 6:15 […]
Hilarious CNN “Don’t Panic” Video
August 7th, 2011CNN.
10 of Today’s Hottest Jobs: Proof That America Is Doomed
August 7th, 2011The largest number of jobs involve dealing with the failing health of old people. People who know about running spam email campaigns and financial scams are also in demand. Truck drivers, app designers for mobile phones, and TwitBook operators too… There is nothing here about designing or manufacturing any physical goods at all! The U.S. […]
GERMAN GOVERNMENT THINKS ITALY TOO BIG FOR EFSF TO SAVE
August 6th, 2011Via: NASDAQ: Germany’s government thinks Italy is too big for Europe’s rescue fund to save, Der Spiegel magazine reports in a preview of an article to be published Monday. The government doubts whether even tripling the size of the rescue fund, known as the European Financial Stability Facility, would enable it to save Italy because […]
ECB to Hold Sunday Conference Call on Crisis
August 6th, 2011Via: Reuters: The European Central Bank will hold a conference call on Sunday to discuss its response to the latest developments in the euro zone’s debt crisis, an ECB source said on Saturday.
G20 Deputies to Hold Crisis Call Saturday
August 6th, 2011Via: Reuters: Deputy finance ministers from the Group of 20 leading economic powers will hold a conference call on Saturday to discuss the crises in Europe and the United States, a Brazilian finance ministry official said. The official told Reuters the call was scheduled for 2230 GMT. “It will be an exchange of information and […]
China: “America Needs To Accept The Painful Fact That The Good Old Days Are Over”; Calls for International Supervision of Issuance of U.S. Dollars and the Creation of a Global Reserve Currency
August 6th, 2011One more time: I’d say that capital controls, some kind of IMF SDR (Special Drawing Rights) ‘Global Reserve’ confetti bucks, and a global financial crisis management organization, like the IMF on steroids are possible. At a minimum, states will try unilateral capital controls in an attempt to prevent their currencies from disorderly appreciation vs. the […]
