Archive for the 'Economy' Category
Faber: U.S. Inflation to Approach Zimbabwe Level
May 28th, 2009Via: Bloomberg: The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said. Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent […]
IRS Tax Revenue Plunged 34%
May 27th, 2009Via: USA Today: Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago — the biggest April drop since 1981, a study released Tuesday by the American Institute for Economic Research says. When the economy slumps, so does tax revenue, and this recession has been no different, says Kerry Lynch, senior […]
CIA Briefers Regularly Mislead Hill Intelligence Panels, Ex-Spy Charges
May 27th, 2009This has only been standard operating procedure for about the last 62 years. Via: Congressional Quarterly Politics: A former deep-cover CIA operative says the spy agency’s congressional briefers routinely shade the truth or hide facts altogether from congressional overseers. “They mumble, they dissemble, and there’s a lot of ‘on the one hand . . .’” […]
CIA’s In-Q-Tel invests in Sonitus Medical: Device Transmits Sound to Via Teeth
May 27th, 2009Via: Washington Business Journal: Sonitus Medical Inc., a business working on a hearing aid that uses the teeth, got an investment from In-Q-Tel, an investment firm started by the CIA. San Mateo, Calif.-based Sonitus didn’t say how much money In-Q-Tel invested. Led by CEO Amir Abolfathi, Sonitus is making an in-the-mouth hearing aid that transmits […]
Children Who Get Flu Vaccine Have Three Times Risk Of Hospitalization For Flu, Study Suggests
May 27th, 2009Via: Science Daily: The inactivated flu vaccine does not appear to be effective in preventing influenza-related hospitalizations in children, especially the ones with asthma. In fact, children who get the flu vaccine are more at risk for hospitalization than their peers who do not get the vaccine, according to new research that will be presented […]
China Warns Federal Reserve Over ‘Printing Money’
May 26th, 2009Via: Telegraph: China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed’s direct purchase of US Treasury bonds. Richard Fisher, president of the Dallas Federal Reserve Bank, said: “Senior officials of the Chinese government grilled me about whether or not we are going to monetise the […]
Las Vegas Man Facing Life in Prison for Paying Employees in Gold and Silver Coins
May 26th, 2009Keep this in mind as you read the piece below: Via: Las Vegas Review Journal.
Poor, Misunderstood, Bewildered Hank
May 26th, 2009Newsweek is complicit in the crimes of Henry Paulson and the gang. Oh yes, poor, misunderstood, bewildered Hank. Sure, the former CEO of Goldman Sachs didn’t know what was happening with the securitization of that toxic waste. Oh sure. Tell me another one. I’ll believe anything this morning! Goldman Sachs made markets in the stuff, […]
Gold and the Dollar: Countertrend Elliot Wave Cycles Completed
May 24th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. DISCLOSURE: I own gold. I am a BullionVault client and affiliate. Summary: My best guess is that, on balance, gold is headed higher and will break above the high of $1032 set back on 17 March 2008. I’ve written on balance […]
Saudi Arabian Oil Minister Naimi Says Oil to Reach $75 a Barrel
May 24th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Disclosure: I’m long oil. Remember this chart from May 2? West Texas Intermediate Crude Oil, weekly interval The relationship between oil prices and the U.S. Dollar Index: U.S. Dollar Index vs. West Texas Intermediate Crude Oil, daily interval Via: Bloomberg: Saudi […]
