Archive for the 'Economy' Category
Pope Clement Cleared Templars of All Heresies in Secret Vatican Document
October 13th, 2007What other “misplaced” documents are entombed in that library? And why release this information now? Wow, what a mind boggler… Lots of people have made careers out of Templar lore, it will be interesting to see what the pros think about this incredible revelation. This is a worthless, reckless and wildass guess on my part, […]
Are There Too Many Dollar Bears?
October 11th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. With the U.S. Dollar Index currently printing all time lows, this Peter Schiff article seems appropriate. Via: Kitco: For the dollar to register a significant short-term bottom based on negative sentiment, I feel there would have to be a much greater […]
Dollar Breaking Down Again, Gold Trying for $750
October 11th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Headline says it all. But, is the Dow at 20,000 yet? Note: Hourly overhead resistance on gold is at $747.50 and support at $742.50. Make or break, right now.
Credit Card Debt is Ready to Blow
October 11th, 2007You already know about the subprime mortgage apocalypse… Since the lending requirements for mortgages have been tightened up, banks are now issuing more credit cards to the slobs who took out those stupid loans! Via: Baltimore Sun: After every financial crisis over the past 10 years, the Federal Reserve has cut interest rates and pumped […]
S&P: U.S. Subprime Crisis Will Not Peak Until 2009, “We Underestimated the Extent to Which Fraud Was Occurring in the Industry”
October 10th, 2007Via: Reuters: The U.S. subprime housing crisis will not peak until 2009, rating agency Standard and Poor’s said on Tuesday, adding it had underestimated the extent of fraud in the industry. S&P expected the world economy to grow 3.6 percent in 2007 and 3.5 percent in 2008, with emerging market economies driving growth. The U.S. […]
Wild Gold Action
October 9th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Man, the action on gold has been wild. Look what happened after I issued my warning last weekend: Volatile, rangebound action Notice how I never suggest that Cryptogon readers should even think about shorting the thing. While the situation I described […]
The Secret History of the War on Cancer
October 8th, 2007Via: Salon: Children shouldn’t use cellphones. No one should drink diet sodas sweetened with aspartame. And think twice before getting X-rayed with a CAT scan except in a bona fide life-threatening emergency. That’s just some of the precautionary advice that epidemiologist Devra Davis, who runs the runs the Center for Environmental Oncology at the University […]
Subprime Mortgages Slipping Into Default at Rapid Pace
October 8th, 2007Via: International Herald Tribune: Subprime mortgage bonds created in the first half of 2007 contain loans that are going delinquent at the fastest rate ever, according to Moody’s Investors Service. The average rate of “serious loan delinquencies” in the securities has been higher than 2006 bonds, Ariel Weil and Amita Shrivastava, analysts at Moody’s Investors […]
FDIC TO MORTGAGE SERVICERS: FREEZE ARM RATES
October 8th, 2007Oh sure! HAHA They know that the thing is hitting the wall. Change the rules, or the curtain comes down sooner rather than later. Get your popcorn ready for this show. It’s going to be good. Via: CNN: The heat on U.S. mortgage lenders and servicers was turned up a few degrees this week when […]
Gold: Ominous Chart Formations
October 7th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. As you know, I noticed a breakdown in the internals of the recent bullish gold move which resulted in some pretty wild volatility in the market. Once another weekly candle was in, I thought I’d take another look at how we […]
