Archive for the 'Economy' Category
Bloomberg: “The Worst is Yet to Come for the U.S. Housing Market”
June 22nd, 2007Mainstream news seems to be catching up with Cryptogon warnings from two years ago. Nice work guys. Via: Bloomberg: The worst is yet to come for the U.S. housing market. The jump in 30-year mortgage rates by more than a half a percentage point to 6.74 percent in the past five weeks is putting a […]
Currency Markets Bitch Slap Reserve Bank of New Zealand; Kiwi Still Rising
June 21st, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The Kiwi Dollar ship of fools is riding the yen carry trade tsunami even higher. Of course, the mast has snapped, the rudder fell off and the crew is passed out drunk. Via: Forbes: The New Zealand dollar was higher, shrugging […]
Vertical Farming in the Big Apple
June 20th, 2007I know. Urban hipsters want iPods, free love and electric SUVs. Absolutely any technology or policy that offers a glimmer of hope of keeping things going will be embraced with religious ferocity, regardless of the level of absurdity. As more and more people give up on the political process, they will seek comfort in the […]
The Plan to Disappear Canada
June 19th, 2007Via: The Tyee: If the machinations going on in this country regarding so-called “deep integration” were instead a communist conspiracy to take over the country (you will, of course, have to try hard to imagine this) the news media would be blaring the story. Pundits would pontificate, editorialists would erupt, security forces would be unleashed. […]
The American Culture Bomb: Satire from the Onion and a Long Forgotten U.S. Army War College Essay
June 19th, 2007Before we get to the Onion, let’s look at a few excerpts from Constant Conflict, a 1997 Parameters (U.S. Army War College) essay that was written by then Major Ralph Peters. In summary, the U.S. military is aware that “American Culture” is a strategic weapon that is capable of defeating an enemy, or entire populations, […]
Oil Industry Scales Back Refinery Plans
June 18th, 2007Everyone knows that the biofuel scam only results in higher food prices, and now, the oil cartel is saying, “With all the biofuel, we don’t need to invest if more refining capacity.” The food and energy scarcity issues are being engineered into a kill off mechanism that also generates massive profits. Anyone who can’t see […]
“Markets Could Cope with Doubling of U.S. Deficit”
June 16th, 2007Just double from current levels? Why not triple or quadruple it and really get this party started? Via: Financial Times: Global capital markets would be able to finance a near-doubling of the US current account deficit to $1,600bn a year by 2012, a McKinsey study published on Friday argues. The study, by McKinsey Global Institute, […]
Clintons Sell Off Stock Holdings
June 16th, 2007To avoid any conflict of interest, eh? And Hillary just happened to be good at trading cattle futures. Right? Tell me another one. I like a good laugh in the morning. Ahh, the loving liberals with the armaments, oil and drug stock portfolios. Walmart, News Corp (Fox News) and Exxon, true bastions of progressive values. […]
BBC Headline: Are Global Market Bubbles Set to Blow?
June 15th, 2007Via: BBC: There is a strange fascination in blowing a bubble, when despite your better judgement, you keep willing it to get bigger regardless of the dangers. Then, suddenly, the violent pop that leaves you picking bubblegum off your eyebrows, or crying soapy tears. For many observers, global markets are getting dangerously close to such […]
ABN Fears World Housing Crash; UK Housing Overvalued by 50%
June 13th, 2007Via: This is Money UK: Soaring borrowing costs could spark a housing slump on a ‘global scale’, investment bank ABN Amro has warned. Families have taken on ‘unsustainably large’ mortgages, leaving them vulnerable to the sharp increases in bond yields and official interest rates seen in recent weeks, wrote economist Dominic White. Britain is one […]
