Archive for the 'Economy' Category
Dollar Rally Setting Up Near Term
October 24th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The U.S. Dollar Index is in a sharp downtrend, but it’s approaching an uptrending support line on the weekly chart. Additionally, multiple indicators on longer intraday intervals are trending up. I’ve got to call bullish divergence on this one. Dollar bears […]
FDIC Friday: Bank Failures Now 105 for 2009
October 23rd, 2009Via: CNN: The tally of bank failures easily broke past the No. 100 milestone on Friday night, with regulators announcing the year’s 105th closure. That’s more than four times the number that were closed in 2008, and the highest total since 1992, when 181 banks failed. Earlier on Friday evening the dubious honor of the […]
T. Boone Pickens on Iraq: ‘We leave there with the Chinese getting the oil’
October 23rd, 2009Seems fair, since the Chinese financed the atrocity in the first place. Via: World Tribune: A leading energy developer said the United States has been excluded from Iraq’s revived energy market. T. Boone Pickens told Congress that U.S. companies were losing opportunities in the Iraqi crude oil and natural gas sectors to competitors from China […]
The Big Picture: 2009 UN World Drug Report
October 23rd, 2009Oblivion. Via: Boston Globe – Big Picture: (WARNING: Graphic content.) The 2009 United Nations World Drug report, released earlier this year, notes that 2009 marks “the end of the first century of drug control (it all started in Shanghai in 1909)”, and that the illicit drug market worldwide has now become a $320 billion-per-year industry. […]
Police Probes, Mafia Allegations in the ‘Palermo’ of Canada
October 23rd, 2009Via: Globe and Mail: Allegations of corruption have been swirling like effluent through Montreal’s body politic in recent weeks, and today Montrealers have reason to wonder just how deep the muck really goes. In a single day Thursday, Mayor Gérald Tremblay admitted in a report that he feared for his family’s safety. An opposition politician, […]
Senior Australian Politician Warns About U.S. Debt Default Within the Next Few Years
October 23rd, 2009Via: The Age: THE Nationals Senate leader Barnaby Joyce is openly canvassing an economic upheaval that would dwarf the current global financial crisis, triggered by the US defaulting on its sovereign debt within the next few years. In unusually pessimistic comments for a senior political figure, Senator Joyce said the US Government was running such […]
Record U.S. Treasury Bond Auctions Next Week; $123 Billion
October 22nd, 2009Via: Reuters: The U.S. government announced a record volume of $123 billion worth of bond auctions next week, which came at the high end of some analysts’ expectations but caused no major market ructions. The figure beats the previous record of $115 set in July and includes two-, five- and seven-year notes in tandem with […]
“Signs of Recovery”: New Jobless Claims Rise More Than Expected to 531,000
October 22nd, 2009Via: AP: The number of newly laid-off workers filing claims for jobless benefits rose more than expected last week, as employers remain reluctant to hire even with the economy showing signs of recovery.
Sid the Science Kid Gets a Flu Shot
October 22nd, 2009Stalin could learn a thing or two about propaganda from the present day U.S. Government. Via: U.S. Department of Health and Human Services:
The Deserted Shopping Mall That U.S. Taxpayers Bought
October 22nd, 2009See the oil well in the parking lot? Mineral rights not included. Via: Reuters: A $29 billion trail from the Federal Reserve’s bailout of Wall Street investment bank Bear Stearns ends in a partially deserted shopping center on a bleak spot on the south side of Oklahoma City. The Fed now owns the Crossroads Mall, […]
