Archive for the 'Economy' Category
The Dollar’s Perfect Storm Worsens
December 7th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. If ECB raises and the Fed cuts… I’m not going to see more panicked emails, am I? Via: MSN: On Nov. 13, I wrote that the U.S. dollar was being pummeled by a perfect storm. Just three weeks later, the storm […]
Forcast: House Prices to Fall 30% in Some States
December 7th, 200730% sounds like an upbeat assessment to me. Via: Reuters: Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody’s Economy.com said on Thursday. On a national level, the housing market recession will continue through […]
Top UK Analyst: Britain Could be Heading for a Another Housing Market Crash
December 7th, 2007Hint: Feel free to substitute “Britain” with any other English-speaking country. Saves time when reading through all the housing doom news from around the world. Via: Reuters: Britain could be heading for a another housing market crash if thousands of buy-to-let investors ditch their properties as prices tumble, according to top fund manager Nicola Horlick. […]
Alberta Government Admits NAFTA Superhighway
December 7th, 2007Via: Rogue Government: Alberta’s government web site admits to the existence of a NAFTA superhighway. While establishment media hacks continue to deny plans for a continental highway, it is curious that a government web site would openly admit to the existence of it. It is also curious how these liars can get away with calling […]
Fed About to Drown U.S. Dollar Holders with “Liquidity”
December 6th, 2007Via: Bloomberg: Federal Reserve officials, who are forecast to lower their main interest rate next week, are signaling that they are looking for additional ways to increase credit to companies and consumers. The Fed may lower the discount rate — what it charges banks for short-term direct loans — by a quarter-point more than the […]
Subprime Mortgage Crisis: U.S. Takes Page from Banana Republic Playbook
December 6th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Once again, the gangsters on Wall Street have succeeded in getting the American Corporate State to force a shit sandwich down the collective throat of U.S. Dollar holders. It’s nanny state lotto time for billionaires on the one hand, and the […]
Goldman Sachs Shorted Toxic Waste Paper it Was Selling
December 5th, 2007This isn’t news, but it drives home the point: Hedging is key to juggling chainsaws and hand grenades. Via: New York Times: The point to bear in mind, as Mr. Sloan brilliantly makes clear, is that as Goldman was peddling C.M.O.’s, it was also shorting the junk on a titanic scale through index sales — […]
National Debt Grows $1 Million a Minute
December 4th, 2007Hmm. An Associated Press article that reads like a tinfoil wrapped Cryptogon rant… I don’t quite know what to make of it. Via: AP: Like a ticking time bomb, the national debt is an explosion waiting to happen. It’s expanding by about $1.4 billion a day — or nearly $1 million a minute. What’s that […]
European Central Bank Sold 42 Tons of Gold
December 4th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. “Don’t ask me how They would kill this rally… My hunch is that it would involve central bank collusion and tons of yellow stuff showing up on the spot market without warning.” —Cryptogon, 10/28/2007 Been waiting for it… And by the […]
Kleiner Perkins: Al Gore and Colin Powell, Together at Last to Save the Planet
December 3rd, 2007“You won’t have the clean technology without a total, fascist lockdown. I’ve said it from the beginning, and I’m saying it now. The technology to build the techno green utopia has been around for easily thirty years. Sorry folks, that’s not how it went, and that’s not how it’s going to go. The primacy of […]
