Richard Russell On Gold
Thursday, November 29th, 2007 Posted in Economic News | 1 Comment »Gold ... accelerated upwards starting in late-1978, and by 1979 gold was rising almost vertically in a parabolic pattern. In other words, during 1979 gold was literally "blowing its top" in a vertical rise.... unlike 1979, gold has been rising ...
Facing up to the falling dollar
Thursday, November 29th, 2007 Posted in Economic News | No Comments »Don't panic just yet. But watch out for Washington's attempts to 'rescue' the dollar. The precipitous drop in the dollar's value has set off alarm bells around the globe. Will China dump its massive hoard of dollars? Will OPEC stop trading ...
The Economy: Consumers’ Gloom Thickens
Thursday, November 29th, 2007 Posted in Economic News | No Comments »The Conference Board figures show a big November drop in buyer confidence, though spending decisions have yet to be affected When it comes to U.S. consumers, it's important to remember that what they tell survey-takers, and what they actually do, are ...
US homes sales suffer record fall
Thursday, November 29th, 2007 Posted in Economic News | No Comments »Sales of previously owned homes in the US hit their lowest level since 1999 and single family homes suffered the biggest price drop on record in October. Home sales dropped 1.2 per cent, more than forecast, to an annual rate of ...
Housing crisis ‘will worsen’
Thursday, November 29th, 2007 Posted in Economic News | No Comments »The housing crisis that has held both Wall Street and Main Street in thrall this year will worsen in coming months, homebuilding executives said on Tuesday. At a conference in Las Vegas, chief executives of major US homebuilding companies said rising ...
Commercial Real Estate Market is Imploding
Thursday, November 29th, 2007 Posted in Economic News | No Comments »This is a full blown commercial real estate credit crunch. What else would one call an 80% decline?
Real Reasons for Economic Declines
Thursday, November 29th, 2007 Posted in Economic News | No Comments »Real Reasons for Economic Declines; by Bob Chapman
Grand Supercycle Bear Market
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »Robert Prector talks about the ongoing Grand Supercycle Bear Market (on Bloomberg TV online video)
Gold: Uncharted Territory
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »The gold price in Australian dollars has hit an all-time high, closing the week at more than $940 per ounce, after the price in US dollars rose on Friday night and the Aussie dollar eased. Russell Comment -- Gold is now ...
China gold bugs can’t get enough of the metal
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »China's gold demand jumped in the third quarter as a hedge against inflation and on strong expectations the stock market will continue to gain, the World Gold Council said yesterday. Gold demand this year is expected to hit a record, ...
Taking ‘the skinny’ to Deutschland
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »David Morgan recently returned from Europe speaking on the merits of precious metals and in particular silver. However, it is important to point out that the silver investment market, as a whole is still obscure. The market is misunderstood and participation ...
Professor Antal E Fekete & The World Game
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »You don't need mathematics to explain economics -AE Fekete The crisis which Buckminster Fuller predicted is now in progress; and the inability of current economic models to deal with the crisis is part and parcel of that process. The rising price of ...
Abu Dhabi to Bolster Citigroup With $7.5 Billion Capital Infusion
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »Government Investment Arm To Become a Top Holder, With Up to a 4.9% Stake Citigroup Inc., seeking to restore investor confidence amid massive losses due in credit markets and a lack of permanent leadership, is receiving a $7.5 billion capital infusion ...
The US dollar: the long farewell?
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »It's just straws in the wind so far. India's Ministry of Culture announces that foreign tourists can no longer pay in dollars when visiting the Taj Mahal and other heritage sites; they have to pay in good, hard rupees. Iran ...
Home prices falling everywhere: S&P
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »Down 4.5% nationally over past year, Case-Shiller says U.S. home prices were falling in every region of the country in September, according to a closely watched index of home prices released Tuesday. Home prices fell in September in all 20 major cities ...
Fed to Inject $8 Billion to Lubricate Economy
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »Seeking to reassure banks amid the continuing credit crisis, the Federal Reserve said yesterday that it would provide $8 billion in funds to ease concerns about lending during the holiday season.
Feds’ budget tricks hide trillions in debt
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »Every year, tens or even hundreds of billions of dollars are quietly added to the national debt -- on top of the deficits that we hear about. What's going on here? When it comes to financial magic, the government of the ...
A Banker in Germany Says Trouble Is Not Over
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »Commerzbank's chief, Klaus-Peter Müller, said bankers did not understand mortgage securities and relied too much on ratings. Mr. Müller is unsparing in his criticism of American mortgage-market excess, which has mutated into a trans-Atlantic financial crisis, nearly ruined two German banks ...
NEW BUCHANAN BOOK DECLARES ‘END OF AMERICA’
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »"America is coming apart, decomposing, and...the likelihood of her survival as one nation...is improbable -- and impossible if America continues on her current course," declares Pat Buchanan. "For we are on a path to national suicide." "America is in an existential ...
America’s Days of Reckoning
Tuesday, November 27th, 2007 Posted in Economic News | No Comments »Good-Bye to All That By PAUL CRAIG ROBERTS Buchanan explains how hubris, ideology, and greed have torn America apart. A neoconservative cabal with an alien agenda captured the Bush administration and committed American blood, energy, and money to aggression against Muslim ...
Don’t look now: Here comes the recession
Monday, November 26th, 2007 Posted in Economic News | No Comments »Even with a boost from holiday spending, the U.S. economy looks shaky, thanks to slumping housing prices, Wall Street woes and debt-laden consumers. How bad could it get? After years of living happily beyond their means, Americans are finally facing financial ...
In the Realm of the Dying Dollar
Monday, November 26th, 2007 Posted in Economic News | No Comments »The plunging greenback threatens to cripple U.S. power. Why are the candidates ignoring this critical issue? Great powers die slowly. It took years before the world realized that Great Britain was an imperial corpse, sapped of its strength by two world ...
Why Silver Is About To Take Over For Gold
Monday, November 26th, 2007 Posted in Economic News | No Comments »Captain Hook says: The US Dollar ($) is losing its global reserve currency status, and the rate at which this is occurring is accelerating in direct proportion to easy money policy of the Fed. As with the $'s reaction to the ...
Bank of England warns credit crisis to worsen
Monday, November 26th, 2007 Posted in Economic News | No Comments »The Bank of England's chief economist, Charlie Bean, has warned that the impact of the credit crunch on the banks may only be the tip of the iceberg, banks may reveal greater losses. "It is quite likely that, over the ...
Markets plunge on credit woes
Monday, November 26th, 2007 Posted in Economic News | No Comments »Stocks tumbled on Monday as investors worried rising mortgage defaults and credit market losses will drag on the economy, fueling fears that consumers will slash spending during the vital holiday season. The decline, led once again by big drops in ...