Archive for the 'Economy' Category
Barack Obama: We Must Embrace Globalism And The Emerging One World Economy
November 10th, 2010Via: Economic Collapse Blog: Although it received very little coverage in the mainstream media, Barack Obama made some comments about globalism during his speech in Mumbai, India that were very eye-opening. As he was discussing the new realities of world trade in 2010, Obama warned against “those who see globalization as a threat” and he […]
American Women Without Kids Up 80 Percent From 30 Years Ago
November 9th, 2010Via: AOL Health: The number of American women without children has risen to an all-time high of 1 in 5, a jump since the 1970s when 1 in 10 women ended their childbearing years without having a baby, according to the Pew Research Center. About 1.9 million women aged 40-44—or 18 percent—were childless in 2008, […]
Goldman Fined $650,000 for Fraud Disclosure Lapse
November 9th, 2010$650,000. Is that more or less than Blankfein’s annual cufflink budget? Via: AP: Industry regulators have fined Goldman Sachs $650,000 for failing to disclose that two of its brokers, including the executive accused of leading the mortgage securities deal that brought civil fraud charges against the firm, were under investigation by the government.
German Finance Minister: ‘The U.S. Lived on Borrowed Money for Too Long’
November 9th, 2010Demand payment for BMWs in gold. *chortle* Via: Spiegel: Schäuble: The German export successes are not the result of some sort of currency manipulation, but of the increased competitiveness of companies. The American growth model, on the other hand, is in a deep crisis. The United States lived on borrowed money for too long, inflating […]
Chinese Credit Rating Company Downgrades U.S.
November 9th, 2010I wonder if Chinese television is carrying the one about the “mystery” missile launch… Via: Bloomberg: China’s Dagong Global Credit Rating Co. cut its credit rating for the U.S. to A+ from AA because of a Federal Reserve plan to purchase bonds to spur growth and inflation, according to Xinhua News Agency. The credit outlook […]
Grain Pains
November 9th, 2010Via: Foreign Policy: LB: While the heat wave in Russia reduced their grain harvest — and I’ll use round numbers and say from 100 million tons to 60 million tons, so they lost 40 million tons — it could have been much worse. If that heat wave had been centered in Chicago, we would have […]
Silver Clears $28
November 9th, 2010Via: Bloomberg: Gold advanced to a record in London as concern that some European governments may struggle to raise funds boosted demand for a protection of wealth. Silver reached a 30-year high of more than $28 an ounce. The euro weakened against the dollar on concern debt- stricken nations will struggle to repay bondholders and […]
China Says Fed Easing May Flood World Economy With ‘Hot Money’
November 8th, 2010Gold is at $1404 right now, a new record high. Via: Bloomberg: Chinese Vice Finance Minister Zhu Guangyao said the U.S. Federal Reserve’s decision to pump $600 billion into the economy might “shock” emerging markets by flooding them with capital. The first round of quantitative easing, as the Fed policy is termed, in 2009 was […]
Video Depositions of Nationwide Title Clearing Employees
November 8th, 2010Curious about what goes on inside an “alleged” robosigning operation? A Florida law firm has posted several videos on YouTube that might interest you. Via: Forrest Law Firm YouTube Channel: Part 1: Video deposition of alleged robosigner Crystal Moore of Nationwide Title Clearing. Deposition taken by attorney Christopher Forrest of The Forrest Law Firm in […]
Oil Could Be On Brink Of Terrifying Move Higher
November 5th, 2010Warning: This is not a recommendation to buy sell or hold any financial instrument. A bit over a week ago, I wrote, “Either that USDX support I’ve been mentioning holds, or we could see oil back over $100 in a few weeks.” That support is, as of now, fully breached to the downside. And you […]
