Archive for the 'Economy' Category
The Big Picture on the Dollar
October 29th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Some dollar bears are asking for an update on what I think is happening on the dollar. The answer depends on the time horizon that individual market participants are interested in. I’m going to break it down three ways: short term […]
More Mexicans Turn to the Lynch Mob as Crime Spirals Out of Control
October 28th, 2009Via: Global Post: The five teenage boys slump against the wall of a dark house and eye the camcorder nervously. Suddenly, a fist enters the frame smacking one of the boys in the face. Then the barrel of an automatic rifle appears and the teenagers’ expressions turn to terror. “Why are you here?” shouts a […]
GMAC May Receive Third Bailout From U.S. Government
October 28th, 2009Via: Bloomberg: GMAC Inc., the lender that received two government bailouts totaling $13.5 billion, is in talks with the Treasury Department to receive a third lifeline, a person familiar with the matter said. The U.S. government may inject an additional $2.8 billion to $5.6 billion into GMAC, the person said, declining to be identified because […]
Gardasil Researcher Drops A Bombshell
October 28th, 2009Via: The Bulletin: Dr. Diane Harper, lead researcher in the development of two human papilloma virus vaccines, Gardasil and Cervarix, said the controversial drugs will do little to reduce cervical cancer rates and, even though they’re being recommended for girls as young as nine, there have been no efficacy trials in children under the age […]
Brother of Afghan Leader Is Said to Be on CIA Payroll
October 28th, 2009Via: New York Times: Ahmed Wali Karzai, the brother of the Afghan president and a suspected player in the country’s booming illegal opium trade, gets regular payments from the Central Intelligence Agency, and has for much of the past eight years, according to current and former American officials. The agency pays Mr. Karzai for a […]
Gold Declines on Concern Rising Dollar May Erode Metal Demand
October 28th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. References: Dollar Rally Setting Up Near Term Bearish Divergence on Gold Someone asked about introductory books on technical analysis: Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications John J. Murphy That’s the book I used […]
Iran Opens Exchange to Trade Crude Oil and Other Petrochemical Products
October 27th, 2009Via: Reuters: Iran, OPEC’s second-biggest oil producer, launched its international oil exchange on Monday to buy and sell crude, oil products and petrochemical products, Iran’s student news agency ISNA reported. “The international exchange hall of crude, oil products and petrochemical goods of Iran was inaugurated. Our aim is to shift oil market trade focus in […]
Recession Drives Surge in Youth Runaways
October 26th, 2009Via: New York Times: Dressed in soaked green pajamas, Betty Snyder, 14, huddled under a cold drizzle at the city park as several older boys decided what to do with her. Betty said she had run away from home a week earlier after a violent argument with her mother. Shivering and sullen-faced, she vowed that […]
Shadow Market, Defiant Homeowners
October 26th, 2009Via: Miller McCune: It’s been almost a year since Horatio Bernard effectively lost his Baltimore row house to foreclosure and roughly 15 months since he last made a payment on his primary mortgage. And yet to his amazement and those following his story, Bernard continues living in the home with his ailing mother without any […]
Trading Note: Took Profit on DBA This Morning
October 26th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Out at @ $26.91. +1.46 / share. * shrug shoulders * I was expecting to pull more than cigarette butts and bottle caps on that one. I’m overweight stuff that goes up when the dollar goes down. Time to flatten out […]
