Archive for the 'Economy' Category
Gold in Strong Decline
November 12th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Ok, we’ve got gold in a strong intraday breakdown here. There are a few supports for it to get a foothold on between 801 and 810, but remember the score on the weekly interval chart… Stochastics and RSI are so extreme… […]
Asian Markets Selling Off
November 12th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Again, watch gold today. Lots of speculators are going to have to cover their long equity bets by exiting gold positions. How much interest is lurking just beneath the spread on gold? We’ll see. Via: MarketWatch: Asian indexes fell sharply Monday, […]
Lifelines for the Drowning Dollar
November 10th, 2007Investing Very Close to Home: Shelter, Water, Food, Security/Community. Collapsitalism: What I’d Keep in My Collapse Portfolio: Analysis on how to protect your assets (and profit) from this dire situation. Investing in Oil, Food, Alternative Energy, Gold or Water? Yes, All of the Above: Many eggs, many baskets. Cryptogon’s Strategic Bearish Call on the Dollar, […]
Chart: The Cost of the War in Iraq vs. Spending on Solar Energy Research
November 10th, 2007In The Power Crisis Mythology, the 40% Efficient Solar Cell and the Cost of the War in Iraq, I wrote: Spectrolab, Inc., a subsidiary of Boeing, has developed a solar cell technology that has a conversion efficiency of 40.7%. They accomplished this with a grant from the U.S. Department of Energy’s National Renewable Energy Laboratory. […]
Wave Power Attracts Investors
November 10th, 2007BIG investors. And it’s fascinating, the shit-for-brains level of context that Business Week manages here: “…if wave power becomes commercially viable.” A far more fascinating question is why and how it didn’t become viable over forty years ago?! Who died, and who made a killing? Think of it another way: The U.S. landed guys on […]
Like it or Not, $100 Oil Forces New Energy Policy on U.S.
November 10th, 2007“The reality is that the oil companies are going to lift our wallets and then flip us upside down to shake loose any change that may have remained in our pockets.” —From an upcoming Cryptogon essay Meet the new boss, same as the old boss. BP solar panels, Chevron wave power, etc… Who knows? Cheney’s […]
Arraignment and Federal Indictments for Bernard Kerik, Close Giuliani Associate and Botched Nominee to Head Department of Homeland Security
November 9th, 2007Tax evasion, corruption, mafia connected construction businesses: Fuggetaboutit. Windfall stock options payout on taser related swindling: $6 million. A filthy, sycophantic crook like this almost becoming the head of the U.S. Department of Homeland Security: Priceless. Via: AP: Bernard Kerik, the police commissioner under former Mayor Rudy Giuliani who nearly became head of the Homeland […]
Merrill Lynch Economist on Dollar Collapse: Not “Armageddon,” but Part of a “Global Rebalancing Process”
November 7th, 2007Well, I’m glad we’ve got that cleared up. I’m also glad that I “rebalanced” my assets out of the U.S. a long time ago. Via: Bloomberg: The falling dollar is part of a “global rebalancing process” and isn’t cause for alarm, according to David Rosenberg, chief North American economist at Merrill Lynch & Co. The […]
U.S. GMO Rice Caused $1.2 Billion in Damages
November 7th, 2007Madness x Greed = U.S. Agribusiness Via: Reuters: Trace amounts of genetically modified varieties of rice that were found commingled in the U.S. rice supply in 2006 caused more than $1.2 billion in damages and additional costs, the environmental group Greenpeace International said on Monday. U.S. rice exports fell sharply after Bayer CropScience, a division […]
Dollar: Top China Official Suggests Currency Shift
November 7th, 2007Via: MarketWatch: The U.S. dollar stumbled to new lows on Wednesday after a top Chinese official called for the country to shift more of its huge foreign exchange stockpiles out of the beleaguered greenback. Cheng Siwei, vice chairman of the Standing Committee of the National People’s Congress, was quoted by wire services as saying China […]
