Archive for the 'Economy' Category
Study Links Oil Prices to Investor Speculation
September 11th, 2008The dollar rally took off as well. Look at an oil price chart and overlay the U.S. Dollar Index. I’ve been over this so many times, I’m tired of it. Moving on. Via: AP: Speculation by large investors — and not supply and demand for oil — were a primary reason for the surge in […]
LEHMAN GAPPED DOWN AGAIN
September 11th, 2008Via: AP: Lehman Brothers Holdings Inc.’s rescue plan is getting a dismal reception from Wall Street with shares of the battered bank plunging 41 percent. The stock price unraveled in early trading Thursday after analyst reports cast doubt that the nation’s fourth-largest investment bank can survive. Shares fell $2.99, or 41 percent, to $4.26 — […]
GOLD BATTERED, TOOK OUT $750; DOLLAR ONE YEAR HIGH VS. EURO
September 11th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Gold has also, just now (I’m watching this in real time) breached the multi year support that ran through $744. Central bank intervention might have occurred when EUR/USD breached 1.3900. The resulting brief crank up has closed back down and EUR/USD […]
Freddie, Fannie Scam Hidden in Broad Daylight
September 10th, 2008This represents a crime of such gigantic proportions that many people won’t even be able to fathom what has happened. —U.S. Seizes Fannie Mae and Freedie Mac Via: Bloomberg: When the history is written on the collapse of Fannie Mae and Freddie Mac, it will go down in the annals of corporate scandals as one […]
Japan Wholesale Prices Rise 7.2 Percent in August
September 10th, 2008Via: AP: Japan’s corporate goods prices rose 7.2 percent in August, driven up by the soaring costs of energy and raw materials, the Bank of Japan said Wednesday. In data released separately Wednesday, Japan’s current account surplus — the widest barometer of its trade with the world — fell 17.3 percent in July from a […]
UK: Shoppers to Use Fingerprints or Eye Scans to Pay for Goods
September 10th, 2008Mmm hmm. The clean, green ziggurat will have everything under control. Get your retina scanned to gain access to the free speech zone? Via: Telegraph: The futuristic systems, like those used by Tom Cruise in the science fiction film Minority Report, are being developed by scientists for Barclaycard. The company has announced it is investing […]
O3b Links With Google for Fast Satellite Internet Capacity
September 10th, 2008Alternately, here’s one for your old, dusty Teledesic file folder. Hey, brother, can you spare a bird? I’m actually thinking, yes, thinking of going back to dialup even though a lightning ground strike blew up most people’s modems around here, including mine, during a recent storm. If you’ve ever looked at a surge suppressor that […]
LEHMAN DOWN 40%
September 9th, 2008Via: Reuters: Lehman Brothers Holdings Inc shares fell as much as 40 percent on Tuesday to their lowest level in nearly a decade on concern the fourth-largest Wall Street investment bank would be unable to raise needed capital. Much of the decline came after reports that Lehman’s talks with state-owned Korea Development Bank on a […]
Taxpayers Take on Trillions in Risk in Fannie, Freddie Takeover
September 9th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I don’t use fundamental analysis to trade, but I’ve been looking at the FOREX charts and I really started to wonder, “How is the dollar continuing to run higher?” I think one possible answer must be that, with the Fannie/Freddie bailout, […]
London Stock Exchange Trading Derailed by Computer Crash
September 8th, 2008This is… very interesting. Not in a good way. Via: Telegraph: Trading on the London Stock Exchange has been halted after a computer system failed on one of the most frantic days of trading so far this year. In an embarrassment for the LSE, the exchange said that no orders can be entered or executions […]
