Archive for the 'Economy' Category
Bush’s Third Term? You’re Living It
September 3rd, 2009Please understand: THERE ARE NO POLITICAL SOLUTIONS TO THE PROBLEMS THE U.S. IS FACING. The outcome of this election is meaningless, one way or the other. The more you keep grasping for glimmers of hope within the political system, the worse off you will be. … Will a big Democratic win calm people down? Maybe […]
Gold Is Probably About to Put on a Show
September 2nd, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I’m not able to make a high confidence call on which way gold is going to go, but I think it’s about to make a strong move. If I was forced to guess, I’d say that it will break higher, which […]
Cities’ Budget Problems Getting Worse
September 2nd, 2009Via: Bloomberg: U.S. city officials say they expect to face further financial strains because tax collections won’t recover until after the economy emerges from the deepest recession since the Great Depression, a national survey found. Eighty-eight percent of city finance officers said they are less able to cover the cost of running their governments than […]
Camp Grounds and Tent Cities Become Permanent Addresses
September 2nd, 2009Via: Christian Science Monitor: A gravelly campground off Interstate 40 in central Tennessee is a last refuge for a hodgepodge of Americans: Here you can get a $275-a-month camping spot with a 30-amp electric outlet and a scratchy Wi-Fi signal emanating from “the bathhouse” down the lane. “It’s my permanent home – for now,” says […]
Oldest Swiss Bank Tells Clients to Sell U.S. Assets or Leave
September 2nd, 2009Via: Bloomberg: Wegelin & Co., Switzerland’s oldest bank, is telling wealthy clients to sell their U.S. assets, or switch banks, because of concerns new rules will saddle investors with tax obligations in the world’s biggest economy. U.S. proposals to extend reporting requirements for banks whose clients buy American stocks and bonds coupled with estate tax […]
New Zealand Government Orders Take Down of Article Detailing Vodafone’s Secret Deal with 2Degrees
September 2nd, 2009Via: Wikileaks: This is the text to a National Business Review (nbr.co.nz) article written by Chris Keall, detailing a secret interconnection deal ordered by former Labour Minister of Communications, David Cunliffe, between Vodafone New Zealand and mobile operator 2 Degrees. The file contains information that directly affects public policy (telecommunications regulation). However, the regulator, the […]
Stocks Tumble on Worry About More Bank Failures
September 2nd, 2009In other words, someone bought a pile of deep out of the money put options on some piece of crap and now it’s harvest time via rumor mill. Just another day at the office. Via: Reuters: U.S. stocks sank on Tuesday on increasing worries that there could be more bank failures and concerns that equity […]
China Allows Banks to Default on Commodity Positions
September 2nd, 2009Wow. I don’t know what the Hell is happening here, but it’s something to keep an eye on for sure. Via: Reuters: U.S. gold and soybean markets fell on Monday following a weekend report that China’s state companies may default on commodity derivative contracts with banks providing over-the-counter hedging services. Traders in other commodities markets […]
Greek Stock Exchange Bombed
September 2nd, 2009If my choice of category on this one doesn’t make sense, know that I arbitrarily lump all symbolic attacks in with False Flag. If the fiber had been cut and the electricity had been knocked offline, for example, then it would be War. When it comes to affecting political change, creating work for janitors is […]
Marc Faber: Lateline Business Interview
August 31st, 2009Via: YouTube:
