Archive for the 'Economy' Category
Britain: Cash Prizes for Catching CCTV Criminals
December 5th, 2009Via: BBC: There are 4.2 million CCTV cameras in Britain watching our every move. In London, there are more CCTV cameras than any other city in the world with one camera for every eight Londoners. But as victims of crime have found to their cost, catching criminals on camera is dependent on the equipment being […]
U.S. Senator Jim Bunning on Ben Bernanke: “Your Fed has become the The Creature from Jekyll Island”
December 5th, 2009Related: The Creature from Jekyll Island by G. Edward Griffin
Gold: Down $46, Quasi Shooting Star for the Week
December 5th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. This is from Questions on Gold, November 13, 2009: Shorter term dollar bears and gold bulls, that upper channel line is your line in the sand. Short to medium outlook dollar bears and gold bulls: Stay the course as long as […]
Fat Finger: Tokyo Stock Exchange Told to Pay $121 Million in Damages
December 5th, 2009Via: BBC: A Japanese court has ordered the Tokyo Stock Exchange (TSE) to pay 10.7bn yen ($121m; £73m) in damages for failing to stop a huge trading error in 2005. The TSE must pay Mizuho Securities the compensation after admitting that a system fault prevented a trader from cancelling an erroneous share sale. The trader […]
Large Petroleum Products Market Participants Storing Distillates at Sea, Distorting the Demand Picture
December 3rd, 2009I like one of the comments on the source page: “You won’t see any boats loaded with gold stuck in the ocean.” HAR! Via: Globe and Mail / Reuters: Oil product tankers idling in quiet waters of the world’s oceans are unlikely to move on until well into 2010 when more refinery shutdowns could curb […]
Chinese Government Allegedly Doesn’t Chase Gold Rallies
December 3rd, 2009Via: Telegraph: News that the rising powers of Asia are shifting a chunk of their fast-growing reserves into gold in a flight from Western paper currencies has emboldened investors to take out large gold bets on the futures markets or through exchange traded funds (EFT), leading to the parabolic rise in price over recent weeks. […]
European Banks Growing Bigger ‘Sowing the Seeds’ of Next Crisis
December 3rd, 2009Via: Bloomberg: European banks are emerging from the credit crisis bigger than before, posing more risk to their national economies. BNP Paribas SA, Barclays Plc and Banco Santander SA are among at least 353 European lenders that have increased in size since the beginning of 2007, according to data compiled by Bloomberg. Fifteen European banks […]
Vanity Fair on Blackwater’s Erik Prince
December 3rd, 2009Blackwater is a CIA cutout that got so big that it just happened to become a household name. —Feds Investigating Blackwater USA for Selling Weapons to Iraqi Insurgency We get into the Coincidence? category because the article just happens to be written by a “former” CIA attorney. Via: Vanity Fair: The truth about Prince may […]
Warning on U.S. Muni Market Threat
December 2nd, 2009Via: Financial Times: States need to consider permanent budgetary changes to close ballooning deficits or risk “significant cracks” in the municipal bond market, the lieutenant governor of New York said on Monday. Richard Ravitch said New York and other states had historically relied on temporary measures to balance budgets in downturns as a bridge to […]
Gold, the Comex and Exchange for Physical
December 2nd, 2009Via: Jesse’s Café Américain: The conclusion we reach for now is that if one is counting on the ability to receive delivery of physical gold from the Comex for whatever purposes, then don’t. You will wait and fight and stand in queue to obtain the goods from Enron nation. The theme of the day is […]
