Archive for the 'Economy' Category
China to Raise Oil Imports by 14%, Sinopec Group Says
April 18th, 2007Sure, and I’ll flap my wings and fly around like a bird. Could happen, right? Via: Bloomberg: China, the world’s largest energy user after the U.S., may increase crude oil imports by as much as 14 percent this year to meet surging domestic demand, said an official with the nation’s largest oil refiner. The nation […]
Virginia Tech Shooting: I’ve Already Seen Enough
April 18th, 2007I thought that I should designate a single post to all of the Virginia Tech related analysis, to parse out some of the key signals from the noise. Within 30 minutes of actually sitting down to read about the incident, I had already seen enough. At first, I was looking for—and found—indications of trauma induced […]
New Zealand: Where Is the Outrage?
April 18th, 2007I’ve been scooping the U.S. media for half a decade, but I didn’t expect to do the same thing in New Zealand. The thing about doing it in the U.S. is that few people notice, well, except perhaps a few of you, dear readers and supporters. There’s lots of noise, and very little signal, on […]
1 in 2 Americans Now Receives Income from Government Programs
April 17th, 2007Via: Christian Science Monitor: As Americans finish their annual tax-filing flurry to meet a Tuesday deadline, it is true that tax rates are lower than they were a few years ago. But according to a different yardstick, the federal government’s reach is expanding. Slightly over half of all Americans – 52.6 percent – now receive […]
Sterling Through $2
April 17th, 2007Via: Forbes: The British pound broke through the $2 barrier for the first time in 15 years on Tuesday, as currency traders bet that rising inflation would spur the Bank of England to raise interest rates. The pound was quoted at $2.005 early in the London afternoon.
Silly Me
April 16th, 2007I thought the collapse of the U.S. Dollar was going to finally make it into the numbnut consciousness today. Silly me. Who knew that the worst mass shooting in U.S. history would happen on a day like this; when even the zombie media might have chosen to focus on the dire macroeconomic situation that is […]
U.S. DOLLAR BREAKDOWN CONTINUES
April 16th, 2007Guys, we’ve got a heavy equipment operator on our farm helping us with our major projects, so I’m outside today. Please review: U.S. Dollar Index Breaches Significant Weekly Supports and Gold: Switch Off Your Targeting Computer Those stories will put the breaking news into some context.
How Did a Strawberry Picker Earning $15,000 a Year Qualify for a Loan of $720,000?
April 14th, 2007There is no way to know how weird this is going to get. Via: sfgate: “We wanted to live in Watsonville,” says Rosa. “But [the real estate agent] said the houses there were older and more expensive.” One of the first homes they were shown was a “new” four-bedroom, two-bath house in Hollister for $720,000. […]
U.S. Dollar Index Breaches Significant Weekly Supports
April 14th, 2007Yesterday, in Gold: Switch Off Your Targeting Computer, I wrote: The U.S. dollar has been clobbered and may be technically oversold. While the U.S. dollar is in a descending triangle pattern now (bearish), it has also formed a creepy double bottom on weekly charts (bullish). So, what is it: a double bottom, or a descending […]
Gold Breaks Above 680
April 13th, 2007WARNING: This is not a recommendation to buy sell or hold any financial instrument. Key resistance.
