Archive for June, 2009
Federal Reserve Puzzled by Yield Curve Steepening
June 1st, 2009Well .gov just went into the automobile manufacturing business. What could possible go wrong? Via: Reuters: The Federal Reserve is studying significant moves in the U.S. government bond market last week that could have big implications for the central bank’s strategy to combat the country’s recession. But the Fed is not really sure what is […]
“Black Swan” Author to Start Hedge Fund Betting on Hyperinflation
June 1st, 2009Ahyep. Via: Bloomberg: Universa Investments LP, which has links to “Black Swan” author and New York University professor Nassim Nicholas Taleb, is starting a hedge fund to bet that efforts by governments and central banks to end the global recession will lead to hyperinflation, the Wall Street Journal reported, citing Taleb. The fund will invest […]
Dollar Under Pressure Again in Asia; Oil and Gold Up; Geithner Tells China Its Dollar Assets Are Safe, Room Erupts in Laughter
June 1st, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instruments. Disclosure: I own gold. I am a BullionVault client and affiliate. Gold longs with a short term outlook: Lock stops in here on the strength or take profit now. Resistance is just over head and the dollar is right around support. […]
GM to Seek Bankruptcy
June 1st, 2009UPDATE: GM Files for Bankruptcy Protection Via: Washington Post: General Motors filed for bankruptcy protection this morning, marking the end of financial independence for the 100-year-old industrial leviathan that once conflated its interests with the country’s and — counting jobs at the company and its suppliers — employed well over 1 million people. —End Update— […]
