Calpers to Boost Commodity Investments Through 2010
Friday, February 29th, 2008 Posted in Economic News | No Comments »The California Public Employees' Retirement System, the largest U.S. pension fund, may increase its commodities investments 16-fold to $7.2 billion through 2010 as raw materials prices surge to records.
Bush: US Is Not Headed Into Recession
Friday, February 29th, 2008 Posted in Economic News | No Comments »"I believe that our economy has got the fundamentals in place for us to ... grow and continue growing, more robustly hopefully than we're growing now," he said. "So we're still for a strong dollar."
Gains going down in flames, U.S. stocks slump; Dow slides more than 300 points
Friday, February 29th, 2008 Posted in Economic News | No Comments »NEW YORK (MarketWatch) -- U.S. stocks faltered further in morning trade Friday, heading for likely weekly gains and near-certain monthly declines, with investor sentiment dampened partly by American International Group Inc. losses and a slip in computer giant Dell. ...
Gold price hits record 976.32 dollars per ounce in London
Friday, February 29th, 2008 Posted in Economic News | No Comments »The price of gold rose to a record high point of 976.32 dollars per ounce in morning trading here on Friday as the dollar struck fresh historic lows against the euro, traders said.
Oil Surpasses $103 for First Time
Friday, February 29th, 2008 Posted in Economic News | No Comments »Oil prices surpassed $103 a barrel for the first time Friday as persistent weakness in the U.S. dollar and the prospect of lower interest rates attracted fresh money to the oil market.
Treasury Tells a Very Scary Story
Friday, February 29th, 2008 Posted in Economic News | No Comments »The department's "citizen's guide" to the U.S. government's official financial report — so full of weaknesses it can't be audited — sees a long-term "fiscal train wreck" from runaway entitlements,
Wall St slides on GDP, Fed warning on banks
Thursday, February 28th, 2008 Posted in Economic News | No Comments »NEW YORK, Feb 28 (Reuters) - U.S. stocks tumbled on Thursday as worries about the economy grew following a weaker-than-expected reading on gross domestic product and a warning from Federal Reserve Chairman Ben Bernanke that there probably will be ...
Moody’s Warns ‘Sizable’ Losses May Be Ahead for Fannie Mae
Thursday, February 28th, 2008 Posted in Economic News | No Comments »NEW YORK -- Moody's Investors Service Thursday said it may lower its assessment of Fannie Mae's intrinsic financial strength, saying the largest buyer of U.S. home loans faces further heavy losses in the year ahead that could eat into ...
Ron Paul Questions Ben Bernanke on the US Dollar, Prices [video]
Thursday, February 28th, 2008 Posted in Economic News | No Comments »Excellent! "History is on the side of hard money ... Gold is the only thing where you can get stables prices" Congressman Dr. Ron Paul (27 - Feb, 2008)
Peak Oil: Is It Real? When Might It Occur?
Thursday, February 28th, 2008 Posted in Economic News | No Comments »Excellent PDF presentation on Peak Oil From Matt Simmons
Housing Bubble Chart
Thursday, February 28th, 2008 Posted in Economic News | No Comments »Existing home sales remain in a steep downdraft. Figures for January are off 33 percent since June of 2005. As recession fears continue, downward pressures will not likely diminish anytime soon.
Economy Skids to Near Halt
Thursday, February 28th, 2008 Posted in Economic News | No Comments »he economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused people and businesses to spend and invest more sparingly.
Flash Alert: Silver is Soaring
Wednesday, February 27th, 2008 Posted in Economic News | No Comments »Today it broke $19 an ounce.
Dollar to slip into steady decline as expert paints a bleak picture
Wednesday, February 27th, 2008 Posted in Economic News | No Comments »Painting a bleak picture of the road ahead, Jim Rogers, the former head of research with the global Quantum Fund investment partnership, blamed the US Federal Reserve for tipping the US economy into crisis, stating that it has made ...
Dollar Falls to Record Low of $1.50 per Euro on Rate Outlook
Tuesday, February 26th, 2008 Posted in Economic News | No Comments »The dollar fell to a record low of $1.50 per euro on speculation Federal Reserve Chairman Ben S. Bernanke today will indicate the U.S. central bank is prepared to keep lowering interest rates.
Forget global warming: Welcome to the new Ice Age
Tuesday, February 26th, 2008 Posted in Economic News | No Comments »Snow cover over North America and much of Siberia, Mongolia and China is greater than at any time since 1966. The U.S. National Climatic Data Center (NCDC) reported that many American cities and towns suffered record cold temperatures in January ...
Confidence Plunges, Inflation Rate Soars, Oil over $101.00 per barrel
Tuesday, February 26th, 2008 Posted in Economic News | No Comments »In more bad economic news, consumer confidence and home prices posted sharp declines while higher costs for such basics as food and energy left wholesale inflation rising at the fastest pace in a quarter-century.
Greenspan negative on US economy
Tuesday, February 26th, 2008 Posted in Economic News | No Comments »The former chairman of the US central bank Alan Greenspan has warned that US economic growth has stalled and a quick recovery is not likely.
U.S. consumer confidence plummets in February
Tuesday, February 26th, 2008 Posted in Economic News | 1 Comment »Continuing its downward slide, U.S. consumer confidence plummeted in February, the Conference Board reported Tuesday, as worries about jobs and the economy pushed expectations to a 17-year low.
Senate To Debate Bankruptcy Law Changes
Tuesday, February 26th, 2008 Posted in Economic News | No Comments »In an effort to throw an additional lifeline to consumers facing the threat of foreclosure, the U.S. Senate is set to consider changes to U.S. bankruptcy law, giving judges wide authority to not only reduce interest rates, but actually ...
US Home Foreclosures Soar in January
Tuesday, February 26th, 2008 Posted in Economic News | No Comments »he number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn't unload at auctions, a mortgage research firm said Monday.
High food prices may force aid rationing
Tuesday, February 26th, 2008 Posted in Economic News | No Comments »The US Department of Agriculture warned this week that high agricultural commodities prices would continue for at least the next two to three years.
An Overview of Gold’s Supply & Demand, by JamesTurk
Tuesday, February 26th, 2008 Posted in Economic News | No Comments »When viewed in terms of gold, the price of crude oil is essentially unchanged throughout the six decades presented in this chart. It is the dollar that is volatile, not gold. Economic calculation becomes sensible when prices are ...
A Toothless Cartel Gums at Gold, by Bob Chapman
Tuesday, February 26th, 2008 Posted in Economic News | No Comments »How the cartel resists the move to gold, but not its greed, threats of inflation, metals rampage, Oil peaks, resource stocks will have their day
Global shortage of metals looming
Tuesday, February 26th, 2008 Posted in Economic News | No Comments »Peak oil has lots of press, but what about peak copper? Peak zinc? Peak gold? Sounds preposterous, but maybe it's not so far-fetched. Nearly every commodity is experiencing some supply issues, for a host of reasons. Add it all up, ...