Archive for the 'Economy' Category
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.” […]
OPEC to Study Currency Basket for Pricing
October 28th, 2007More good news for U.S. Dollar holders. —Sarcasm. Via: Yahoo / AP: OPEC is likely to discuss creating a basket of currencies for oil pricing at its next summit due to the steady decline in the dollar, Venezuela’s Energy Minister Rafael Ramirez said on Friday. “The need to establish a basket of currencies … will […]
Lengthy SWAT Standoff Over Foreclosure Ends in Suicide
October 27th, 2007Freedom, for an increasing number of Americans, means choosing how they’re going to go down. Falling Down, for real… Via: Houston Chronicle: A 12-hour standoff ended this morning with a north Houston man lobbing Molotov cocktails at Houston Police before taking his own life rather than vacate a home he’d lost to foreclosure. James Hahn, […]
California Home-Loan Default Numbers Set Record
October 27th, 2007Via: San Jose Mercury News: A record number of California homeowners entered the foreclosure process in the third quarter, a real estate information service reported today, showing the effects of loose mortgage lending standards, falling home values and slumping sales. Statewide, mortgage companies sent 72,571 notices of default to borrowers last quarter, according to DataQuick […]
NYSE ELIMINATES TRADING CURBS DATING BACK TO 1987
October 27th, 2007Via: Bloomberg: The New York Stock Exchange said it will no longer impose curbs on computer-program trading that were put in place after the crash of 1987, claiming they’re no longer as effective in damping swings in prices. The exchange will stop prohibiting brokerages from entering some program trades when the NYSE Composite Index rises […]
