Archive for the 'Economy' Category
Gold Down $35.60, Dollar Higher Again
October 19th, 2010Related: Reminder: Possible DX Support Ahead Gold: New Record High, $1388 đ
Philippines May Lose 600,000 Tons Rice as Supertyphoon Megi Makes Landfall
October 18th, 2010Via: Bloomberg: The Philippines, the worldâs biggest rice buyer, may lose 600,000 metric tons of the crop as Supertyphoon Megi, the strongest to hit the nation this year, strikes some of the nationâs biggest producing areas, a government official said. Rice futures advanced. âOnce the typhoon hits those areas, the crop will be affected,â Agriculture […]
Not The Onion: Germans Selling 100 Watt Incandescent Light Bulbs as Mini Heaters, “Heatballs”
October 18th, 2010Via: Reuters: A German entrepreneur is bypassing a European Union ban on light bulbs of more than 60 watts by marketing his own brand as mini heaters. Siegfried Rotthaeuser and his brother-in-law have come up with a legal way of importing and distributing 75 and 100 watt light bulbs — by producing them in China, […]
Inside Job
October 18th, 2010And Now… Dollar Bounce Underway
October 18th, 2010The relevant and recent analysis is: Gold: New Record High, $1388. Via: Reuters: The dollar rose against a basket of currencies on Monday and pulled away from a 10-month low, with market players saying the short-covering bounce may have more room to run given the recent build-up of bets against the dollar. The greenback extended […]
France to Run Out of Fuel in Days as Strikes Escalate
October 18th, 2010Via: Independent: Petrol pumps could run dry in France by Wednesday, experts warned yesterday, as the stand-off over pension reforms reached crisis point. Airlines advised pilots to refuel abroad and UFIP, the country’s oil industry association, said that if strikes continued at all 12 of France’s refineries, then national shortages would follow. Christine Lagarde, France’s […]
Who Got Stimulated?
October 17th, 2010Thanks to BD for sending this one over:
Federal Reserve: Aggressive Easing Options Considered
October 17th, 2010Warning: This is not a recommendation to buy, sell or hold any financial instrument. Oil is over $81. Food commodities are rallying. And now… Inflation is the solution? Via: Reuters: Two top Federal Reserve officials argued for further aggressive action by the central bank, with one saying the economy needs “much more” help and the […]
Bank of America Bonds: Junk
October 17th, 2010Via: Bloomberg: Bondholders are penalizing Bank of America Corp. the most of any of the largest U.S. financial firms as the investigation into the foreclosure crisis expands. Credit-default swaps on the countryâs largest bank by assets rose above those of its peers by a record margin, according to data provider CMA. The contracts, which imply […]
Gold and Gold Mining Shares As a Percentage of Global Assets
October 16th, 2010Via: Precious Metals Warrants: From our readings of Casey Research we found a great chart and comments from Eric Sprott of Sprott Asset Management, we bring this to your attention: Eric Sprott – ….”The conventional wisdom is that gold is in a bubble. It isnât so. At the just-concluded Caseyâs Gold & Resource Summit, Eric […]
