Archive for the 'Economy' Category
WHOLESALE PRICES SURGE BY MORE THAN DOUBLE ESTIMATES
August 19th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. And, yep, not only is the dollar higher, the U.S. Dollar Index is at a one year high. The dollar is at a six month high vs. the euro. How can that be? FOREX participants might see Bernanke being forced to […]
Large U.S. Bank Collapse Seen Ahead
August 19th, 2008Via: Reuters: The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world’s biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday. “The U.S. is not out of the woods. I think the financial crisis […]
Vaccine Nation
August 19th, 2008For most people, vaccinating themselves and their children seems like a good idea. Vaccines are safe, effective and are supposed to protect us against dangerous infectious diseases — Right? Wrong! What you don’t know can harm you or kill you! In this groundbreaking film, you will: * See the truth about the dangers of vaccines […]
Spanish Government Cuts Short Holiday as Economy Collapses
August 17th, 2008Oh yeah, the joy is spreading to Europe. Via: Telegraph: Jose Luis Rodriguez Zapatero, the Spanish prime minister, sought to address the “stagnation and slowdown” of the economy when he announced a package of 24 measures designed to lessen their effect. Spain is among the European countries that, like Britain, have been hardest hit by […]
“The Dollar Is Strengthening Because the U.S. Is Leading the Economies of Other Countries Over a Cliff”
August 17th, 2008Via: GreenFaucet: The dollar is strengthening because the US is leading the economies of other countries over a cliff. Both in terms of easy monetary policies and the continued vendor financing arrangement where we buy their goods financed by their buying our treasuries and keeping our interest rates artificially low. Their currencies are now reflecting […]
Are Gold Prices Failing to Reflect Shortages of Gold Bullion? No.
August 17th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. There are some stories floating around saying that the U.S. Mint has suspended sales of American Eagle gold coins. I haven’t posted these stories because, as I write this, the U.S. Mint continues to take orders for the coins. The U.S. […]
Dollar Rally
August 16th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. On August 8th, with regard to the U.S. Dollar Index and dollar bears, I wrote: U.S. Dollar Index, Weekly Interval We need to keep a close eye on this now because it has the potential to turn very ugly. I encourage […]
Subprime Pain Sweeps the World
August 16th, 2008Via: Business Day: MORE than 100 local councils, charities, churches, hospitals and nursing homes across Australia are sitting on a $2 billion black hole after buying subprime investments structured by Wall Street banks during the bull market but which are now potentially worthless. Melbourne’s Metropolitan Ambulance Service and local councils are among those facing losses […]
Pub Goers Trade Home Grown Produce for Beer
August 15th, 2008Mmm hmm. Via: Money: Credit crunch pinched residents of one Norfolk village have been taking advantage of an inventive means to save the pennies without cutting back on nights out. Thanks to the resourcefulness of their local pub, ‘The Pigs’, they can now barter fresh produce in return for pints of beer. The pub, in […]
Home Sellers Suffering Huge Losses
August 15th, 2008Via: CNN: More homeowners than ever are selling at a loss, propelling the real estate market deeper into crisis. In the 12 months that ended June 30, nearly 25% of all homes sold nationwide fetched less than sellers originally paid, according to real estate Web site Zillow.com. While the nation’s double-digit decline in home prices […]
