Marc Faber: How investors can beat hyper-inflation
Thursday, September 27th, 2007 Posted in Economic News | No Comments »Faber ...sees US GDP growth for the past several years as being based on consumer debt rather than savings and manufacturing prowess (as in Asia). He estimates total US credit market debt to be around 330% of GDP. The US ...
Fed Drops the Inflation Bomb & the Return of Gold
Thursday, September 27th, 2007 Posted in Economic News | No Comments »Have you noticed? Chairman Ben (not to be confused with that all-powerful chairman from another time and place, Chairman Mao) has recently acquired a new nickname. No longer is he referred to merely as "Printing Press" or "Helicopter" Ben, those ...
Central banks actions fail to calm money market
Thursday, September 27th, 2007 Posted in Economic News | No Comments »The European Central Bank faced a fresh surge in demand for liquidity on Tuesday when it allocated weekly refinancing funds at an average of 4.29 per cent, the highest spread over the minimum bid rate for almost five years.
Chinese buy into Conspiracy Theory
Thursday, September 27th, 2007 Posted in Economic News | 1 Comment »The Rothschild Dynasty The Battle of Waterloo. The deaths of six US presidents. The rise of Adolf Hitler. The deflation of the Japanese bubble economy, the 1997-98 Asian financial crisis and even environmental destruction in the developing world. In a new Chinese ...
Train Wreck of the Week
Thursday, September 27th, 2007 Posted in Economic News | No Comments »Excellent coverage by Bob Chapman
Citigroup Sets Thousand Dollar Sights for Gold
Tuesday, September 25th, 2007 Posted in Economic News | No Comments »With gold having broken the US$730 per ounce mark to reach a 28-year high, Citigroup analyst John Hill says the metal appears to be entering a new investment-driven phase and has re-asserted itself as a safe haven. He thinks gold ...
U.S. dollar sinks; Euro approaches all time record high
Tuesday, September 25th, 2007 Posted in Economic News | No Comments »U.S. dollar moves towards 1922 record lows. This morning the U.S. dollar index slid to 78.31, just off the all time record of 78.19, a psychological support area that if it gives way, could see the USD plummet even further.
Consumer confidence drops in September
Tuesday, September 25th, 2007 Posted in Economic News | No Comments »Worries about jobs and the economy flared in September, driving a key barometer of consumer sentiment to its lowest level in nearly two years, a private research group said Tuesday. The bad news was compounded by a report from the National ...
Credit crunch to hit hardest in 2008
Tuesday, September 25th, 2007 Posted in Economic News | No Comments »Most of the impact of the global credit crunch will be felt in 2008 and the United States will be hardest hit, says International Monetary Fund Managing Director Rodrigo Rato. World economic growth should remain high next year but looks set ...
Interest Rate cut no help to Americans
Tuesday, September 25th, 2007 Posted in Economic News | No Comments »The MERK Fund's dissenting view: In our assessment, the Federal Reserve's (Fed's) interest rate cut was wrong. Forget about the “moral hazard” of whether the cut would plant the seeds for further bubbles. Lowering interest rates is wrong because it will ...
July TIC Data
Tuesday, September 25th, 2007 Posted in Economic News | No Comments »The "quality" of the financing of the US deficit fell dramatically. Almost all the inflows, including almost all the net official inflows, were short-term. Foreign demand for US corporate debt -- a category that includes mortgage-backed securities and CDOs -- ...
CIA Veterans Allege Cover-UP
Tuesday, September 25th, 2007 Posted in Economic News | No Comments »Seven CIA veterans have severely criticized the official account of 9/11 and have called for a new investigation. “I think at simplest terms, there’s a cover-up. The 9/11 Report is a joke,” said Raymond McGovern, 27-year veteran of the CIA, ...
Alan Greenspan on Charlie Rose
Saturday, September 22nd, 2007 Posted in Economic News | No Comments »This video is the entire one-hour conversation.
Fears for global economy fuels propels gold price
Saturday, September 22nd, 2007 Posted in Economic News | No Comments »The moment every gold bug has been waiting for finally arrived. A heady mix of a collapsing dollar, a British banking crisis, and widespread suspicion that central banks are slackening in the fight against inflation, all combined to propel gold above ...
Chief strategist at CLSA predicts record gold run
Saturday, September 22nd, 2007 Posted in Economic News | No Comments »This is not a sub-prime crisis. Sub-prime has merely exposed the bigger scam of structured finance; a scam that is about pretending that bad credit is good credit.
The Credit Crisis could be just Beginning
Saturday, September 22nd, 2007 Posted in Economic News | No Comments »The cause: Massive levels of debt underlying the world economic system are about to unwind in a profound and persistent way.
House prices to drop much lower: Greenspan
Saturday, September 22nd, 2007 Posted in Economic News | No Comments »"Nobody could do anything about it, neither us nor the European Central Bank. We were powerless," he said.
The U.S. is on Sale
Saturday, September 22nd, 2007 Posted in Economic News | No Comments »The Dubai-Nasdaq deal is only the beginning This week's announcement that Dubai's investment company will take a 20% stake in the Nasdaq may have set off alarm bells in Congress, but it's probably just the beginning.
Two barrels of oil are used for each one found.
Saturday, September 22nd, 2007 Posted in Economic News | No Comments »$100 oil anyone? For the peak-oil crowd, that merry band of doomsters who believe global oil production is about to go into irreversible decline and plunge us into a new Stone Age, the timing couldn't have been better. As the Association ...
Bernanke Side-Steps Ron Paul’s Question
Saturday, September 22nd, 2007 Posted in Economic News | No Comments »A video from The Daily Paul
Why are credit card rates still out of control?
Saturday, September 22nd, 2007 Posted in Economic News | No Comments »Despite congressional hearings, headlines, lenders push up rates and fees
Alan Greenspan on 60 Minutes
Thursday, September 20th, 2007 Posted in Economic News | No Comments »Greenspan defends himself.
Are we headed for an Epic Bear Market?
Thursday, September 20th, 2007 Posted in Economic News | No Comments »The credit bubble is just starting to unwind, a credit-derivative insider says. And while U.S. borrowers are being blamed for the mess, they were really just pawns in a global game. Das is pretty droll for a math whiz, but his ...
Could a run on a bank happen in the U.S.?
Thursday, September 20th, 2007 Posted in Economic News | No Comments »Let's not be smug. Of course it could. The amazing growth in the trading of credit and mortgage-backed derivatives over the past 15 years has created a global system by far superior to anything in the past when things are going ...
Saudi move puts dollar in danger
Thursday, September 20th, 2007 Posted in Economic News | No Comments »From the U.K. Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks ...