Archive for the 'Economy' Category
LARGEST FED INTERVENTION IN FINANCIAL SYSTEM SINCE 9/11 AFTERMATH
November 2nd, 2007Who needs trading curbs with the Plunge Protection Team on the job? I wonder if They’re going to run out of zeros in the computers that “print” the “money”? Via: AP: The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through […]
Loonie at All Time High vs. Dollar
November 1st, 2007Ay? Via: Globe and Mail: The seemingly unstoppable Canadian dollar surged to its highest level yet Wednesday, topping 106.17 cents (U.S.). The record came just after 4 p.m., when official trading ended for the day. Officially, the dollar closed at 105.85 cents, up nearly a cent from Tuesday’s close, but trading continues virtually around the […]
Gold Rises on Fed Rate Cut
November 1st, 2007Here’s my take on this from several days ago. If any of you were waiting to hedge with some put options at higher strikes… Here they are. Thank you. I’ll be here all week. Tip your waitress. To those of you who trade options on futures (not options on equities), which firms are good these […]
NYC’s ‘Realtor to the Stars’ Found Murdered
November 1st, 2007Fuggetaboutit. Via: CBS News: CBS 2 News has learned that Linda Stein, the former manager of the Ramones and “realtor to the stars,” was found dead, lying in a pool of blood in her multi-million-dollar Fifth Ave. apartment on Manhattans’ Upper East Side. Police confirm she suffered blunt impact trauma to the head and neck. […]
China: Birth Defects Soar Due to Pollution
November 1st, 2007These are just the numbers released by the diabolical Chinese regime. What are the real numbers!? Via: Guardian / Reuters: Birth defects in Chinese infants have soared nearly 40 percent since 2001, a government report said, and officials linked the rise to China’s worsening environmental degradation. The rate of defects had risen from 104.9 per […]
Does Gold Know Anything About Upcoming Fed Decisions?
October 31st, 2007WARNING: This is not a recommendation to buy, sell, or hold any financial instrument. Chock this one up as something interesting to watch, one way or the other: I was watching spot gold prices continuously before the last Fed announcement. Gold rallied before the announcement was made public. I thought: “They” knew that the rate […]
The $915B Bomb in Consumers’ Wallets
October 31st, 2007Via: CNN: This past summer’s subprime meltdown involved about $900 billion in now-suspect securitized debt, reckless lending, and consumers who buckled under the weight of loans they couldn’t afford. Now another link in the consumer debt chain – credit cards – is starting to show signs of strain. And the fear that the $915 billion […]
Alan Greenspan Talking Up Gold on Fox News
October 29th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I just picked myself up off the floor. Brace yourself: Bubbles Greenspan Speaking Favorably About Gold + Fox News + Gold Just Under $800? I just wrote about the Money Honies talking up gold. Now, Alan Greenspan is doing it… On […]
U.S. DOLLAR INDEX BELOW 77
October 28th, 2007Just getting started in Asia. It’s going to be a weird week.
Gold Futures Close at Highest Level Since 1980
October 28th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I worry more about Cryptogon readers’ investments than my own. When I see the commissions on BullionVault, before I think, “Wow! That’s great!” I think, “I hope folks are diversified. I hope they know when hedging might be an appropriate option.” […]
