Archive for the 'Economy' Category
China Freezes Lending to Curb Investing Frenzy
November 21st, 2007Translation: China wants fewer U.S. Dollars. These lending restrictions will raise the value of the yuan, raising the prices of the crap at Walmart, lowering demand, stemming the flow of dollars to China. That’s my best guess, anyway, as to the implications of this. Via: Wall Street Journal: Chinese authorities are slamming the brakes on […]
Wal-Mart Seizes Accident Settlement from Former Employee
November 21st, 2007Always low prices. Via: Wall Street Journal: A collision with a semi-trailer truck seven years ago left 52-year-old Deborah Shank permanently brain-damaged and in a wheelchair. Her husband, Jim, and three sons found a small source of solace: a $700,000 accident settlement from the trucking company involved. After legal fees and other expenses, the remaining […]
Can Anyone Think of a Bigger Pig to Short than JP Morgan?
November 14th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Is it time to start playing the put options lotto on the big banks? The global financial situation is getting weird to the point that I’m thinking about using micro amounts on capital on very high (fixed) risk, very high reward […]
The Dollar in Danger
November 13th, 2007This is a Council on Foreign Relations oped in the Washington Post that reiterates the absurdity of the dollar and an end of national currency theme. Please see: Council on Foreign Relations on U.S. Dollar: “An Absurdity… Supported Only by Faith†Their plans obviously include gold, but I have no idea if that’s a good […]
E*Trade Down 59 Percent on Losses and Bankruptcy Fear, ‘Bank Run’ Possible
November 13th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. E*trade clients should consider this to be an emergency situation; especially E*trade clients with accounts over $100,000. I would strongly suggest getting your money out of there ASAP, regardless of your account size. Via: Bloomberg: E*Trade Financial Corp. lost more than […]
Currency Controls Return as Central Banks Fight Gains
November 13th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Hmm. With currency controls starting to figure into the action, I wonder where people will look to put their confetti investments… * wink * Via: Bloomberg: Central banks from Bogota to Mumbai are imposing foreign-exchange curbs to take control of their […]
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. […]
