The Ongoing Bull Market, by The Aden Sisters
Wednesday, April 30th, 2008 Posted in Economic News | No Comments »Some worry that the March peak was THE peak for gold. This is very unlikely considering the world situation and the economic imbalances today. Plus, demand for gold is growing strongly. It truly is an international, expanding market and ...
Treasury To Auction $21 Bln, Brings Back One Year Bill
Wednesday, April 30th, 2008 Posted in Economic News | No Comments »"The majority of members believe that the addition of the year bill combined with increases to the size and frequency of existing coupon debt over coming quarters will still not be sufficient to satisfy the increased financing needs of ...
Buffett: Economy in a recession, will be worse than feared
Wednesday, April 30th, 2008 Posted in Economic News | No Comments »"My general feeling is that the recession will be longer and deeper than most people think," Buffett said. "This will not be short and shallow. "I think consumers are feeling gas and food prices," he added, "and not feeling ...
Gold: Rally Like Its 2009
Wednesday, April 30th, 2008 Posted in Economic News | No Comments »The bottom line is that the fact that gold did surpass its all-time high after 30 years of remaining below it tells you that "something is different" in gold, regardless of whether one agrees with my fundamental case for ...
Bank bail-outs to be kept secret
Wednesday, April 30th, 2008 Posted in Economic News | No Comments »Requests under the Freedom of Information Act are to be denied. Details will be kept secret even after 30 years - the period after which all but the most sensitive state documents are released.
Federal Reserve May Want Inflation
Wednesday, April 30th, 2008 Posted in Economic News | No Comments »In this context, we conclude that it may well be in the Fed's interest to have a weak dollar. This is consistent with what we interpret to be Fed chairman Ben Bernanke's disliking of the gold standard.
Fed trims rates by quarter point to 2%
Wednesday, April 30th, 2008 Posted in Economic News | No Comments »The FOMC did tweak the statement to add slightly more emphasis that it was worried about inflationary pressures and less worried about further weakening, a signal that the committee may leave rates steady at the next meeting.
Hostile Iran Sparks U.S. Attack Plan
Wednesday, April 30th, 2008 Posted in Economic News | No Comments »A second American aircraft carrier steamed into the Persian Gulf on Tuesday as the Pentagon ordered military commanders to develop new options for attacking Iran.
De Beers Finds Shipwreck, Treasure From Columbus Era
Wednesday, April 30th, 2008 Posted in Economic News | No Comments »De Beers, the world's biggest undersea diamond miner, said its geologists in Namibia found the wreckage of an ancient sailing ship still laden with treasure, including six bronze cannons, thousands of Spanish and Portuguese gold coins and more than ...
Iran stops conducting oil transactions in U.S. dollars
Wednesday, April 30th, 2008 Posted in Economic News | No Comments »Iran has dramatically reduced dependence on the dollar over the past year in the face of increasing U.S. pressure on its financial system and the fall in the value of the American currency. Oil is priced in U.S. dollars ...
Consumer confidence drops in April on inflation, job worries
Tuesday, April 29th, 2008 Posted in Economic News | No Comments »From soaring gas prices to weaker job prospects, Americans are gloomier about the economy than just before the U.S. invasion of Iraq. They're so anxious that fewer people say they are planning to take a vacation than in 30 ...
Sovereign wealth funds to dwarf US economy
Tuesday, April 29th, 2008 Posted in Economic News | No Comments »"There has been a shift of financial weight from West to East, particularly to China, Asia, the Middle East and other energy countries,". "Riding the energy and commodities boom, together with the wilting dollar, sovereign wealth funds ...
Pump prices lift Shell and BP to record 14.33 bn
Tuesday, April 29th, 2008 Posted in Economic News | No Comments »BP and Royal Dutch Shell have reported massive increases in profits for the first three months of this year on the back of rocketing petrol prices, which are expected to hit £5 or $9.95 gallon today.
After the gold rush
Monday, April 28th, 2008 Posted in Economic News | No Comments »The fall from US$1,030 per ounce to current levels is a short term correction in a long-term bull market. The factors that have been driving prices higher for the past 7-8 years remain very much intact. These factors include, ...
The Dollar Looks Ready to Rally
Monday, April 28th, 2008 Posted in Economic News | No Comments »Of course, the dollar can stay cheap even if everyone agrees it is so. That's why the shift in American and European rate expectations is such a crucial catalyst, since it can unleash a pent-up rush for the exits. ...
Inflation not a problem if you own some silver, Gas for 30c a gallon! Yup for three silver dimes!
Monday, April 28th, 2008 Posted in Economic News | No Comments »Three thin dimes: are now worth $3.6924
Gas hits $3.60 a gallon, crude nears $120 on supply outages
Monday, April 28th, 2008 Posted in Economic News | No Comments »NEW YORK (AP) -- Gas prices hit $3.60 a gallon and oil futures rose to their own new record near $120 a barrel on Monday as labor actions overseas threatened crude supplies. Oil prices later retreated to close up only ...
Morgan Stanley see big bank woes just beginning
Monday, April 28th, 2008 Posted in Economic News | No Comments »NEW YORK (Reuters) - Morgan Stanley (NYSE:MS - News) analysts on Monday told clients to "sell the rally" in financial stocks, slashing forecasts for big bank earnings and warning that the current credit crunch is only just beginning.
Gas May Soon Cost a Sawbuck ($10.00)
Monday, April 28th, 2008 Posted in Economic News | No Comments »Get ready for another economic shock of major proportions, a virtual doubling of prices at the gas pump to as much as $10 a gallon.
Dollar Slide Drives Budget as Japan Shuns Treasuries
Monday, April 28th, 2008 Posted in Economic News | No Comments »"I wouldn't jump into U.S. Treasuries,"said Hao Kang, who manages a $443 million fund at ICBC Credit Suisse in Beijing. "I am not so confident about the currency."
Why This Crisis Is Far From Finished
Monday, April 28th, 2008 Posted in Economic News | No Comments »Economic data in the US have taken a notable turn for the worse. Most importantly, the already weakening employment outlook is being further undermined by a widely diffused build-up in inventory and falling profitability. History suggests that the latter two ...
Powerful Bull Market In US Stocks Looms, As The US Prepares for Global Hegemony!
Sunday, April 27th, 2008 Posted in Economic News | No Comments »Excellent Analysis! The United States is widely perceived as an economic basket case on account of its astronomic debts and weakened domestic economy, but it is in the process of seizing control of the world’s most important remaining oil ...
NOT ENOUGH SILVER
Sunday, April 27th, 2008 Posted in Economic News | No Comments »If ten percent of the Bay Boomers allocated $9,000 to buy silver, we would have 7.5 million (ten percent of the boomer population) times $9,000. Pretty simple arithmetic; the product is $67.5 billion. But wait just a moment! Something must ...
The Plunge Protection Team, An Elite Group Protects the Financial Sector
Saturday, April 26th, 2008 Posted in Economic News | No Comments »Some people foolishly think that Washington's recent high-profile effort to steer, subsidize and protect the American financial sector is the beginning of something new - a revolutionary development. It isn't. Consider that the President's Working Group on Financial Markets ...
Many states appear to be in recession as deficits grow
Friday, April 25th, 2008 Posted in Economic News | No Comments »The finances of many states have deteriorated so badly that they appear to be in a recession, regardless of whether that's true for the nation as a whole, a survey of all 50 state fiscal directors concludes.The situation looks ...