Archive for April, 2008
Wal-Mart to Film Gun Sales
April 16th, 2008Via: Reuters: Wal-Mart Stores Inc, the world’s largest retailer, unveiled plans on Monday to film its gun sales in the United States and create a computerized log of purchases in a bid to stop guns falling into the wrong hands. Wal-Mart, which is the largest seller of firearms in the United States, agreed a 10-point […]
Tim Robbins’ “Controversial” NAB Speech
April 16th, 2008It reminded me of his speech in The Player. Also, the NAB organizers telling a room full of journalists to turn off their recording equipment was probably the best way to ensure that the message made a decent sized plop in the memepool. There’s a lot of news this morning, I don’t want to get […]
Cryptogon Readers Send Contributions
April 16th, 2008Thank you. JR $10 AS $50 GM $20
Cryptogon Reader Signs Up for Hosting with Blue Host
April 16th, 2008Thanks to the owner of epochellipse.com for signing up for hosting with Blue Host. Cryptogon received $65.
As Other Staples Soar, Potatoes Break New Ground
April 16th, 2008There’s one sentence in the article below that I’d like to highlight: One factor helping the potato remain affordable is the fact that unlike wheat, it is not a global commodity, so it has not attracted speculative professional investment. If you don’t understand why that sentence is so important, please see, CBOT Resembles Carnival Act […]
EUR/USD BREAKOUT; NEW RECORD HIGH
April 16th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. You might recall the one about that messy symmetrical triangle on the USDX. EUR/USD just touched 1.5967.
Foreclosures Jump 57% in Last 12 Months
April 15th, 2008My guess is that homeowners with these loan products will wind up in very dire situations within six months of the reset. That puts the crescendo of the economic crisis in September 2008. —Some Guesses About 2008 Via: Reuters: Home foreclosure filings surged 57 percent in the 12 month-period ended in March and bank repossessions […]
“Subprime Was Just the Beginning”
April 15th, 2008Mmm hmm. Via: Slate: California is to mortgage lending what Chicago is to pork bellies. For years, that meant it was a place with soaring house values; today, the foreclosure rate across the state is twice the national average and going up fast. Riverside County, outside Los Angeles, may be the foreclosure capital of the […]
Oil: New High Above $113
April 15th, 2008Oil prices flat since 2001… if priced in gold. HA Via: AP: Oil prices rose to new heights Tuesday, surging to almost $114 a barrel after the U.S. dollar fell and worries mounted about the global oil supply. A report from the International Energy Agency said Russian oil production dropped this year for the first […]
UK: House Prices Fall at Fastest Rate Since 1978
April 15th, 2008Via: Guardian: House prices are falling at their fastest rate since records began 30 years ago as the mortgage lending freeze continues to undermine the housing market, the Royal Institution of Chartered Surveyors says today. In a big blow to the government, which claims Britain is well-placed to withstand the global economic downturn, the RICS […]
