tag:blogger.com,1999:blog-78222442515866078472012-01-11T12:17:01.799-08:00Kirknoreply@blogger.comBlogger5341100tag:blogger.com,1999:blog-7822244251586607847.post-42908538946079128882011-05-15T07:49:00.001-07:002011-05-15T07:49:22.969-07:00

Charts and graphs of economic dataS&P500 PE (Price Earnings) Ratio Graph As a result of the recent surge in corporate earnings, the PE ratio has dropped to a level that has rarely existed over the past two decades.Near Record High Inflation Adjusted Gasoline Prices The only time when gasoline prices were higher than today was during a brief three-month period in mid-2007, just prior to the Great

Noodlesnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-83668055106537653192009-12-20T07:58:00.000-08:002009-12-20T08:03:52.990-08:00

Did your current investment newsletter tell you to raise cash by taking profits near the market top in 2007?Mine did! I took profits to increase the cash position of my most aggressive "explore portfolio" to 30%.See the October 2007 "Take Profits" page from my newsletterFREE SampleDid your current investment newsletter tell you to use cash raised when the markets were near their highs to buy a

Kirknoreply@blogger.com3tag:blogger.com,1999:blog-7822244251586607847.post-14555638513157908622009-12-08T11:05:00.000-08:002009-12-20T08:06:03.990-08:00

This table, updated yesterday, shows the best CD rates for the five largest banks operating in the United States. These banks are Bank of America, JP Morgan Chase, Citibank, Wells Fargo Bank, and HSBC Bank North America.CD rates (APY) at the largest US banks (Current Data) for a $10,000 deposit. Bank

Kirknoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-35677446986583887342009-05-15T09:58:00.000-07:002009-05-15T10:00:11.307-07:00

Did your current investment newsletter tell you to raise cash by taking profits near the market top in 2007?Mine did! I took profits to increase the cash position of my most aggressive "explore portfolio" to 30%.See the October 2007 "Take Profits" page from my newsletterFREE SampleDid your current investment newsletter tell you to use cash raised when the markets were near their highs to buy a

Kirknoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-64753260375727938152008-10-22T10:50:00.000-07:002008-10-29T10:53:01.471-07:00

Best CD Rates: The top rate for CDs this week is 5.25% Intervest National Bank & 5.15% @Wachovia for terms of 5 years. The table below shows the best CD rates for other terms."Highest CD Rate Survey"

Noodlesnoreply@blogger.comtag:blogger.com,1999:blog-7822244251586607847.post-6190946401927296602008-07-25T18:10:00.000-07:002008-07-25T18:17:12.654-07:00

BLS BS Exposed: Commercial Bankruptcies Soar By Mike "Mish" Shedlock | 20 July 2008The McClatchy Washington Bureau is reporting Commercial bankruptcies soar, reflecting widening economic woes. Commercial filings for the first half of 2008 are up 45 percent from last year, as the national climate for commerce continues to deteriorate amid rising energy and food costs, mounting job losses, tighter

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-35926314073446069652008-07-24T21:09:00.000-07:002008-07-24T21:32:00.574-07:00

You Know The Banking System Is Unsound When...By Mike "Mish" Shedlock | 24 July 20081. Paulson appears on Face The Nation and says "Our banking system is a safe and a sound one." If the banking system were safe and sound, everyone would know it (or at least think it). There would be no need to say it.2. Paulson says the list of troubled banks "is a very manageable situation". The reality is there

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-529943641990572982008-07-24T20:04:00.000-07:002008-07-24T20:24:43.482-07:00

THE BEAR'S CASE— Bearish Waves From "Elliott Wave" ForecastBy Stockadvisors.Com | 9 July 2008In January, Steve Hochberg, a leading authority on "Elliott Wave" technical analysis, had forecast that 2008 would be the "year that everything changes". His forecast called for a credit crunch, a housing collapse and a bear market. In his Elliott Wave Financial Forecast the advisor warns, "The bear

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-77476107854170652062008-07-24T19:42:00.000-07:002008-07-24T20:04:26.292-07:00

THE BULL'S CASE— Corporate Confidence: Insiders Didn't Sell Into Market's Decline In JuneBy Mark Hulbert, Marketwatch | 8 July 2008ANNANDALE, Va. (MarketWatch)— One of the most bearish signals that corporate insiders can send to investors is to sell their companies' shares into a declining market. So those who pay attention to what the insiders are doing have been waiting with bated breath to see

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-78202435467900045572008-07-23T15:33:00.000-07:002008-07-23T16:15:43.643-07:00

Investment Strategy: "He That Sells What Isn’t His‘n"By Jeffrey Saut | 21 July 2008"He that sells what isn’t his‘n must buy it back or go to pris`n" is an old stock market axiom that has stood the test of time. Loosely translated, it means that if you sell a stock "short" (betting that it is going down in price), you are responsible for ANY loss incurred if that stock rallies. And, last week that

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-71241853121929697332008-07-23T13:32:00.000-07:002008-07-23T14:13:11.985-07:00

The Global Economy Is At The Point Of Maximum DangerBy Ambrose Evans-Pritchard | 21 July 2008It feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution.The

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-34305555391548218632008-07-18T18:48:00.000-07:002008-07-18T19:33:32.375-07:00

America Is Lone Bright Spot As Fund Managers Flee Stocks [ Normxxx Here:  The following is especially ironic, given that Merrill Lynch has put the US financial system on a "death watch" for at least the next 6 months.  ] By Ambrose Evans-Pritchard, Telegraph.co.UK | 18 July 2008Fund managers across the world are dumping stocks and retreating to cash in a mood of extreme pessimism, fearing that

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-51421057603791128652008-07-18T15:02:00.000-07:002008-07-18T15:20:30.865-07:00

US Faces Global Funding Crisis, Warns Merrill LynchBy Ambrose Evans-Pritchard | 18 July 2008The US Treasury is running out of time before foreign patience "snaps". Merrill Lynch has warned that the United States could face a foreign "financing crisis" within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread through the world.Draining away: The US may

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-45417900158867266962008-07-18T13:06:00.000-07:002008-07-18T14:52:46.404-07:00

European Recession Looms As Spain CrumblesBy Ambrose Evans-Pritchard | 18 July 2008The eurozone is tipping into a deeper downturn than America itself despite the tremors in the US mortgage industry, and may already be in full recession for the first time since the launch of the single currency. Industrial production for the EMU bloc fell 1.9% in May, according to fresh Eurostat data. It is the

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-16209528714887634642008-07-17T12:20:00.000-07:002008-07-17T15:33:43.476-07:00

Jaws Close In On BernankeOr, How Bush Sandbagged The GSEsBy Julian Delasantellis, AsiaTimes | 16 July 2008 As he was winding down his days of dissolution and reprobation, the 4th century Christian philosopher Augustine of Hippo, commonly referred to as St Augustine, begged for just a few more rounds of divinely sanctioned debauchery. "Lord," he cried out to the heavens, "Give me chastity and

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-44041839891401482612008-07-17T11:50:00.000-07:002008-07-17T11:58:26.561-07:00

I'm The Barn Owl Watching The MouseBy Richard Russell, Dow Theory Letters Snippet | 13 July 2008Extracted from the Jul 11, 2008 edition of Richard's RemarksWhat am I thinking about these bright summer days? I'm thinking, as usual, about a long list of things, but one item I've been zeroing in on is the 50% Principle as it applies to the current market. The 50% Principle works like this: We have

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-17112889663621529822008-07-17T09:39:00.000-07:002008-07-17T10:04:15.364-07:00

Fed Confronts Spike In Inflation: Consumer Prices Surge, But Stumbling Economy Could Start To Curb PressureEconomists React: Energy Prices Starting To Pass Through To RetailBy Anton Troianovski and Sudeep Reddy | 17 July 2008 WASHINGTON— Consumer inflation spiked to its highest level in 17 years, even as tentative signs emerged that an anemic economy may be starting to take the edge off oil

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-29993447488022326462008-07-16T16:57:00.000-07:002008-07-16T17:10:07.039-07:00

Spotlight: The Outlook For The High Yield Bond MarketBy Mark Hudoff, PIMCO | 2 July 2008 Since turmoil in the financial markets began in mid-2007, new issuance in the high yield market has slowed almost to a halt. In the interview below, Mark Hudoff, lead portfolio manager for high yield, discusses the outlook for the high yield market in light of PIMCO’s expectation for a recession in the U.S.

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-20951884056604497402008-07-16T16:05:00.000-07:002008-07-16T16:53:11.618-07:00

Mean Street: You Knew It Was A Bear Market On Wall Street When…, Deal Journal A real bear market is supposed to start after major market indexes decline at least 20%. By that measure, the bear is just barely here. But who’s kidding whom? You knew it was a bear market on Wall Street when: 1. You received yet another "Dear John" letter from your panicking money manager that started, "As I’m sure

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-72600486802529735742008-07-16T15:40:00.000-07:002008-07-16T15:56:20.486-07:00

The Numbers Speak For Themselves By Bill Alpert | 13 July 2008How Stock Analysis Based On Statistics And Computers Sabotaged Itself [ Normxxx Here:  Or, how the quants managed to shoot themselves in the foot (but they are learning— and may very well be dangerous in a few years; especially if they ever learn to communicate with the behavioral economists.  ] Wall Street's quants have been forced

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-51869355420114585302008-07-16T15:23:00.000-07:002008-07-16T15:34:03.267-07:00

Coal's Run May Be Far From OverBy Jamie Dlugosch | 11 July 2008 The bear market pulls down Arch Coal and gives investors an opportunity to take advantage of a short-term[!?!] correction in the stock. As if someone threw a light switch, the coal sector made an abrupt turn to the downside July 2 when investors decided to cash in on huge gains. In two days of trading in advance of the Fourth of

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-70795413748945151382008-07-16T14:27:00.000-07:002008-07-16T14:42:29.398-07:00

Soros, The Man Who Cries Wolf, Now Is Warning Of A 'Superbubble'By Greg Ip, WSJ | 30 June 2008 He has cried 'wol' many times, but this time George Soros says the beast is surely upon us. George Soros admits his warnings haven't always panned out, but this time he insists it's for real. Mr. Soros, the chairman of Soros Fund Management, is best-known as a speculator, philanthropist and political

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-10388532344859471252008-07-16T12:27:00.000-07:002008-07-16T14:20:29.152-07:00

The Bear's Lair: Are We Entering A Financial Meltdown?By Martin Hutchinson | 16 July 2008The financial crisis in the United States and worldwide entered a new phase this week, as Fannie Mae and Freddie Mac, the two huge US home loan institutions, began what appears to be a similar "death spiral" to that which claimed Bear Stearns four months ago. Fannie and Freddie are unique institutions, and

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-78413890860596696262008-07-15T13:49:00.000-07:002008-07-15T18:01:51.126-07:00

This Recession Could Easily Tip Into A DepressionBy William Rees-Mogg, The Times.UK | 14 July 2008Today I am celebrating my 80th birthday, an age that seems less formidable when one has reached it than when one can see it only from afar. I was born on July 14, 1928, about 15 months before the American boom of the 1920s came to its rather abrupt end. Like everyone else, I am naturally curious to

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-85119647204098336572008-07-12T23:12:00.000-07:002008-07-12T23:19:46.907-07:00

Barron's Cover: Troubled Waters By Lauren R. Rublin, Barron's | 16 June 2008 Eleven of Wall Street's most insightful investment experts weigh in on the uncertain prospects for the economy, stocks, bonds, commodities and more in our midyear Roundtable. Some good and bad news about oil and banks. And an early read on 2009— and yes, 2010. Midyear 2008 Roundtable Report CardYou can't trust

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-37991099424191203612008-07-11T13:58:00.000-07:002008-07-11T15:00:09.107-07:00

Up And Down Wall Street: End Of An Era By Alan Abelson, Barron's | 7 July 2008 Prepare for meaner slumps and less exuberant recoveries. The jobs report tells only half the bad news. It was, as Dubya might put it, a heck of a month. But that doesn't quite convey how very distinctive and how awfully bloody it was. Great for ghouls, vampires and short sellers. Bad for just about anyone else with a

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-39658872474018437272008-07-10T15:59:00.000-07:002008-07-10T16:26:12.546-07:00

The Buck Doesn't Stop Here; It Just Keeps FallingBy The Associated Press | 10 July 2008In this February 27, 2008 file photo, euro coins and dollar bills are seen in Frankfurt, central Germany. The U.S. dollar has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency. Associated Press © 2008WASHINGTON July 6, 2008—

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-85538619736480964362008-07-09T22:00:00.000-07:002008-07-10T15:03:41.008-07:00

Stagflation Sightings MultiplyBy John Browne | 10 July 2008 We have long warned that stagflation, or economic contraction accompanied by inflation, would become so evident that even the most optimistic observers could not deny its virulence.Last week, Warren Buffett was the latest to describe his encounter with the beast. The world's most famous investor pronounced that the current economy is in

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-61499707841837831372008-07-09T08:21:00.000-07:002008-07-09T08:24:44.459-07:00

Point Of No Return Or Perfect Buying Opportunity?By Bespoke Investment Group LLC | 23 June 2008The recent declines in many Financial stocks have put them in unprecedented negative territory. Below we highlight historical charts of the percentage from 52-week highs for Lehman (LEH), Wachovia (WB), Citigroup (C), Merrill Lynch (MER) and Bank of America (BAC). At its low point earlier this month,

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-54836296503221952402008-07-09T07:58:00.000-07:002008-07-09T08:09:46.068-07:00

Stagflation Grips Eurozone As ECB Interest Rates RiseBy Ambrose Evans-Pritchard, Telegraph.Co.UK | July 2008Eurozone inflation surged to an all-time high of 4% in June despite worrying signs of a slump in manufacturing, confronting the European Central Bank with the toughest challenge since its creation a decade ago. Soaring oil and food prices guaranteed the quarter-point rise in interest rates

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-45181120625356659022008-07-09T07:18:00.000-07:002008-07-09T07:52:08.716-07:00

Barclays Warns Of A Financial Storm As Federal Reserve's Credibility CrumblesBy Ambrose Evans Pritchard, Telegraph.co.UK | 28 June 2008 US central bank stands accused of unleashing an inflation shock that will rock financial markets: Barclays Capital (and the RBS) has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-66673559404416017932008-07-09T06:22:00.000-07:002008-07-09T06:23:51.958-07:00

U.S. Inflation: Diverging From ExpectationsJune 02, 2008U.S. core consumer inflation, as measured by the PCE price index, remains near 2%. In contrast, consumer inflation expectations continue to soar, courtesy of gasoline and food prices.U.S. inflation worries have intensified, as the surge in highly visible gasoline and food prices continues. Government data are not trusted because they show

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-63844349523937935102008-07-08T13:39:00.000-07:002008-07-08T14:19:23.493-07:00

The Bear's BackBy Bespoke.Com, Barrons | 8 July 2008It's official: the bear has arrived. The Dow Jones Industrial Average last week qualified for the widely accepted definition of a bear market of a 20% drop from the highs. The good news is that once the decline reaches that arbitrary 20% mark, based on history, the market has suffered most of its losses. The bad news is that the decline

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-78293959491477425462008-07-07T18:21:00.000-07:002008-07-07T19:05:21.121-07:00

The Market Message: Sector Rotation Says BearishBy John Murphy | 6 July 2008SECTOR ROTATION MODEL... One of our readers asked where we are in the Sector Rotation Model. That model shows the normal sector rotation that takes place at various stages in the business cycle. The chart shows that basic materials and energy are market leaders at a market peak. As the economy starts to slow, money starts

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-92007040514127829012008-07-07T16:10:00.000-07:002008-07-07T16:30:51.600-07:00

A Look Ahead (And Behind)By normxxx | 7 July 2008Impaired institutions are likely to experience failures in the course of this year. There will not likely be more bailouts like Bear Stearns (the coffers are empty). It's rumored that even Merrill Lynch couldn't raise funds from the Arabs recently— everyone burned is already twice-shy. We think Paulson is sort of taking the high road to saying '

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-27009911012219576182008-07-06T23:40:00.000-07:002008-07-07T00:11:32.696-07:00

Stagflation Grips Eurozone As Interest Rates Look Set To RiseBy Ambrose Evans-Pritchard, Telegraph.Co.UK | July 2008Eurozone inflation surged to an all-time high of 4% in June despite worrying signs of a slump in manufacturing, confronting the European Central Bank with the toughest challenge since its creation a decade ago. Soaring oil and food prices guaranteed the quarter-point rise in

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-61648537240289031712008-07-06T18:28:00.000-07:002008-07-06T19:05:24.554-07:00

For Jim Rogers, What Goes Around Comes Around By Renée Schultes, Financial News Online | 23 May 2007According to the Bible, there is nothing new under the Sun. As a piece of money-making advice, it has served Jim Rogers, investment guru and co-founder of the legendary Quantum Fund with George Soros, pretty well too. The commodities bull market has another decade to run, the legendary investor

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-39986381195704310352008-07-06T17:59:00.000-07:002008-07-06T18:07:06.170-07:00

Britain's Lonely Monetarists Fear Bank Of England May Trigger Severe CrunchBy Ambrose Evans-Pritchard, Telegraph.Co.UK | 26 June 2008Britain's lonely band of monetarists fear that the Bank of England will trigger a severe crunch if it overreacts to the inflation spike and keeps interest rates too high as the downturn gathers pace. An abstruse and little-understood measure of the money supply— "

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-81837578923746073442008-07-06T17:40:00.000-07:002008-07-06T17:46:38.499-07:00

Global Recession Watch: A Dozen Significant Economies Are At Risk Of A Hard LandingBy Nouriel Roubini | 25 June 2008 Which countries around the world are at risk of a hard landing, i.e. a sharp growth slowdown and an outright recession? Following the U.S. the list is now growing. Countries now at risk of a hard landing now include: the U.S., the U.K., Spain, Ireland, Italy, Portugal, Japan,

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-42187796642531159352008-07-06T17:10:00.000-07:002008-07-06T17:13:52.091-07:00

Insight: Learning Lessons From The 1930sBy Ian Harwood, FT | 30 June 2008 The Great Depression of the early 1930s has cast a long shadow over subsequent decades. Then, the major economies suffered a collapse in output, profits and employment on a scale unprecedented either before or since. And, crucially, this world-wide economic meltdown accelerated the breakdown in international co-operation

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-61190784738952243252008-07-04T13:40:00.000-07:002008-07-06T15:01:02.514-07:00

What Onions Teach Us About Oil Prices: Onions Have No Futures Market, Yet Their Recent Price Volatility Makes The Swings In Oil And Corn Look Tame.By Jon Birger | 6 July 2008 (Fortune Magazine)— Before the U.S. Commodity Futures Trading Commission starts scrutinizing the role that speculators may have played in driving up fuel and food prices, investigators may want to take a look at price swings

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-83313123510180194752008-07-04T12:20:00.000-07:002008-07-04T12:58:14.161-07:00

It’s the week of July the Fourth where America celebrates its Declaration of Independence (7/4/1776) from Great Britain, so I thought we could contemplate this country’s national anthem. While most citizens know the first stanza of said anthem, few know the other three. Nor do they know the history leading up to the crafting of its words. The year was 1812 and the United States was at war with

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-29826764827007575342008-07-03T14:50:00.000-07:002008-07-03T15:09:40.667-07:00

The Day Housing Faced The Plague Of Locusts:Lessons From The Great Depression Part XIII.Facing Our Own Economic Pilgrimage.Click here for a link to complete article:By Dr. Housing Bubble | 3 July 2008With the systemic problems facing the United States and now being officially in bear market territory, this will be a challenging holiday weekend for many Americans. Already many are planning to

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-34810507859419850252008-07-03T13:17:00.000-07:002008-07-03T13:50:09.669-07:00

Dow Down Nearly 20 Percent From Peak: Lessons From The Great Depression: Part XII.Is The Dow Now Tracking With The California Housing Market?Click here for a link to complete article:By Dr. Housing Bubble | 27 June 2008I was watching CNBC on Wednesday morning [last week] and they were on a Fed watch with a countdown and all other bells and whistles. As the day went along, these talking heads were

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-37769525193168420272008-07-03T10:31:00.000-07:002008-07-03T10:54:46.027-07:00

Economy Extends Job Loss Streak By Alister Bull | 3 July 2008WASHINGTON (Reuters)— U.S. employers cut workers for a sixth straight month in June for the longest such streak since 2002 and vast service sector unexpectedly contracted, underscoring the economy's frailty. The Labor Department said on Thursday that 62,000 non-farm jobs were lost last month, bringing jobs shed for the year to 438,000

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-32652600679116019932008-06-30T15:41:00.000-07:002008-06-30T16:21:45.764-07:00

Megabubble Waiting For New President In 2009'Numbers Racket' Exposes Potential Disaster For Economy, MarketsBy Paul B. Farrell, Marketwatch | 30 June 2008 ARROYO GRANDE, Calif. (MarketWatch)— Remember that big ah-ha moment in the 1939 classic "The Wizard of Oz?" Dorothy wants to see the Wizard. His voice booms: "Do not arouse the wrath of the Great and Powerful Oz! Come back tomorrow!" Afraid,

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-84803282466172184922008-06-29T14:40:00.000-07:002008-06-29T14:50:14.862-07:00

Casey Files: The Greater DepressionAnd What You Should Do About ItBy Doug Casey, The International Speculator | 29 June 2008 For international investment expert Doug Casey, there's more than a recession on the horizon... he recommends battening down now for the rough seas ahead... with some special information about making sure your investments can weather the coming storms. I believe in the

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-37950445521528128202008-06-28T12:52:00.000-07:002008-06-28T12:53:33.855-07:00

Warren Buffett's DoingsWarren Buffett says he supports InBev's takeover of Anheuser-Busch (BUD). Buffett owns 5.7% of BUD and stands to make $600 million if the deal closes. Buffett is set to meet with BUD chief August Busch IV this week. Maybe the sage will get involved through a financing deal, like he did with Wrigley. However he does it, it's a good bet Buffett wants to be involved. The InBev

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-35523761125640816522008-06-28T12:32:00.000-07:002008-06-28T12:41:28.754-07:00

Bank Of America / Countrywide Financial 'Takeover'In case there was any wonder why banks are losing billions on bad loans... Last April, a woman received a credit-card application addressed to her then 5-year-old son. As a test, she had her son fill out the application, absolutely truthfully, and send it in. Young Bennett accurately wrote in his year of birth as 2002, his annual income as $0, and

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-50623978420648879072008-06-28T10:11:00.000-07:002008-06-28T11:00:59.184-07:00

GEOPOLITICS—EUROPE: Has Europe's Terminal Crisis Begun With A Triple No Vote?By Ambrose Evans-Pritchard, Telegraph.Co.UK | 26 June 2008The ultra-Europeans have overplayed their hand. We can now glimpse a chain of events that will halt, and reverse, this extremist push towards an Über-state that almost no one wants. The attempt to override the triple "No" votes of the French, Dutch, and Irish

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-36105319385372812852008-06-27T13:19:00.000-07:002008-06-27T13:51:43.915-07:00

When Central Bankers Clash, Stock Markets Can Crash Is It To Be Inflation, Stagflation, Or ...By Gary Dorsch, Editor, Global Money Trends | 27 June 2008 Hyper-inflation in the commodities markets is rivaling the US housing collapse and the global banking crisis, as the biggest threat to the world economy. Finance ministers from the United States, Canada, Japan, France, Germany, Italy, Britain,

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-39933404095721122512008-06-26T11:22:00.000-07:002008-06-26T11:26:01.002-07:00

Warren Makes A BetBy John Mauldin | 26 June 2008The Sage of Omaha made a bet that was written up in a recent Fortune magazine article. Basically, Warren Buffett bet that the S&P 500 would outperform a group of funds of hedge funds over the next ten years. A million dollars to someone's favorite charity is on the line. This week we will analyze the bet, using it as a springboard to learn about

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-39243644380720457822008-06-26T00:41:00.000-07:002008-06-26T01:04:04.936-07:00

June Conference Board Data Augurs Poorly For The Unemployment RateBy Paul Kasriel | 26 June 2008T.S. Eliot might have been off by a couple of months. It looks as though June might turn out to be the cruelest month instead of April. Earlier this month, the Buffalo Fed branch and the Philly Fed reported that manufacturing activity had deteriorated in their regions. Today the Richmond Fed

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-82407557398702574292008-06-26T00:36:00.001-07:002008-06-26T00:40:47.299-07:00

Us Stock Market Priced For Poor ReturnsClick here for a link to complete article:By Rich Toscano and John Simon | 26 June 2008In early 2007 we wrote an article summarizing the risks in the U.S. stock market. The article cited a study by legendary value investor Jeremy Grantham in which it was shown that, on average, long term stock market returns have corresponded quite well with valuations at

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-33747047238362142402008-06-26T00:16:00.000-07:002008-06-26T00:20:45.923-07:00

New Homes— Taking Longer To Move The MerchandiseBy Paul Kasriel | 26 June 2008I hope the Census Bureau can count the number of people in the U.S. better than it can count the number of new homes sold. The first estimate of a given month's sales is notoriously off. So, we should take the first estimate of May sales and inventories of new homes with a grain of salt. Be that as it may, May new

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-9413406805498296942008-06-25T18:38:00.000-07:002008-06-25T18:54:07.824-07:00

Global Recession Watch: A Dozen Significant Economies Are At Risk Of A Hard LandingBy Nouriel Roubini | 25 June 2008 Which countries around the world are at risk of a hard landing, i.e. a sharp growth slowdown and an outright recession? Following the U.S. the list is now growing. Countries now at risk of a hard landing now include: the U.S., the U.K., Spain, Ireland, Italy, Portugal, Japan,

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-68659944119153416152008-06-25T16:50:00.000-07:002008-06-25T17:02:25.860-07:00

USA 2008: The Great DepressionBy David Usborne In New York, The Independent, UK | 1 April 2008 Food stamps are the symbol of poverty in the US. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive— a sure sign the world's richest country faces economic crisis. Click Here, or on the image, to see a larger, undistorted image.Disadvantaged Americans

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-34347119741285119732008-06-25T12:32:00.000-07:002008-06-25T12:51:46.404-07:00

Shakeout Roils Hedge-Fund WorldBig Firms Gain Clout As Field Matures; Parking The MaseratiBy Gregory Zuckerman, WSJ | 19 June 2008 The hedge-fund business— among the most reliable fortune-producing machines in recent years— is going through a brutal shakeout. Just a few years ago, traders found it relatively easy to quit Wall Street jobs, hang out a hedge-fund shingle and cash in. Investors beat

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-48730421704203921182008-06-24T10:52:00.000-07:002008-06-24T18:34:58.677-07:00

New Crisis Threatens Healthy BanksBy David Cho, WP | 22 June 2008Late Loan Payments Hurt Smaller Lenders That Dodged Subprime Mess Peter Fitzgerald, a former U.S. senator from Illinois, founded Chain Bridge Bank in McLean. Because of the trouble in home-equity and commercial real estate loans, he says, "you will have some economic Darwinism" among banks. (photo by Gerald Martineau— The Washington

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-49627238971398477182008-06-22T15:08:00.001-07:002008-06-23T13:29:33.094-07:00

Point Of No Return Or Perfect Buying Opportunity?By Bespoke Investment Group Llc | 23 June 2008The recent declines in many Financial stocks have put them in unprecedented negative territory. Below we highlight historical charts of the percentage from 52-week highs for Lehman (LEH), Wachovia (WB), Citigroup (C), Merrill Lynch (MER) and Bank of America (BAC). At its low point earlier this month,

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-74408271434283533192008-06-20T13:15:00.001-07:002008-06-23T14:55:36.048-07:00

The Thin Red White & Blue LineMetaphors For A Broken EconomyBy James Macfarlane | 20 June 2008Bill Cosby used to tell an anecdote about driving in San Francisco for the first time, and how he got stuck at a red light atop a steep hill. He figured that by the time he got his foot off the brake and onto the gas he would have rolled backwards into the bay and drowned. On the basis that dying in such

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-20628538509031232942008-06-20T07:54:00.000-07:002008-06-20T09:23:43.661-07:00

Oil Producers Mask Decade's Worst S&P 500 Profit Drop By Michael Tsang and Darren Boey | 19 May 2008(Bloomberg)— Take away Exxon Mobil Corp., Chevron Corp. and ConocoPhillips and profits at U.S. companies are the worst in at least a decade. Without the $70 billion that oil producers earned in the last two quarters, profits at companies in the Standard & Poor's 500 Index tumbled almost 30 percent

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-48314598561124588772008-06-19T16:50:00.000-07:002008-06-19T18:05:23.232-07:00

Where The Financial Crisis Is Headed NextInterview With Sy Jacobs, Founder, Jam Asset ManagementBy Lawrence C. Strauss, Barron's | 26 May 2008 Three years ago, hedge-fund manager Sy Jacobs told Barron's that serious trouble was brewing in the housing market, predicting that "the bursting of the housing bubble [would] be a dominant theme for investing in financial stocks in the next decade." He

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-37264344370368385862008-06-19T16:38:00.002-07:002008-06-19T16:41:58.605-07:00

Finance In Asia: Pots And KettlesFrom The Economist Print Edition | 22 May 2008The credit crisis has cooled Asia's ardour towards Western banks.But the region stands to gain even more from opening up than Wall Street does.Illustration by Satoshi KambayashiSHANGHAI— When China's three leading state-run banks finally felt confident enough to list their shares in 2006 and 2007, after years of losses

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-59532096695565603652008-06-19T15:34:00.000-07:002008-06-19T15:38:20.821-07:00

Central Bank Body Warns Of 'Great Depression'By Gill Montia, Banking Times | 9 June 2008The Bank for International Settlements (BIS), the organisation that fosters cooperation between central banks, has warned that the credit crisis could lead world economies into a crash on a scale not seen since the 1930s. In its latest quarterly report, the body points out that the Great Depression of the

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-1921906515247154162008-06-19T14:03:00.000-07:002008-06-19T15:28:23.080-07:00

Emerging Markets Face Inflation MeltdownBy Ambrose Evans-Pritchard, Telegraph.co.UK | 18 June 2008Central Banks Across Much Of Asia, Latin America, And Eastern Europe Will Soon Have To Jam on the brakes or risk a serious crisis as inflation spirals into the danger zone. As the stark reality becomes ever clearer, this year's correction in emerging market bourses and bond markets has now

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-78835191290742305562008-06-19T13:43:00.001-07:002008-06-19T15:12:27.314-07:00

Financial News: 5 Minute ForecastBy Agora Financial | 17 June 2008Global Money Supply Surging… Chris Mayer On How To Invest Accordingly Two energy commodities outperforming crude oil… and how they’ll affect your electric bill Christopher Hancock’s favorite international oil play… Honda unveils zero-emissions car, plans mass production… Corn surges, towns devastated by Midwest flooding… readers

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-4163850871342883162008-06-19T13:08:00.000-07:002008-06-19T13:31:29.373-07:00

Lehman And The LiarsBy Chan Akya | 13 June 2008The travails at one of the smaller investment banks in the world, Lehman Brothers, this week helped to increase investor focus on the phalanx of lies that underpin valuations across financial markets. Since I last alluded to the potential problems of this firm (Cheap talk, pricey banks, Asia Times Online, June 5, 2008), events have moved rather

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-71264486803758172902008-06-18T20:35:00.000-07:002008-06-18T20:40:12.656-07:00

Has The Fed Really Flooded The World With Dollars?By Ambrose Evans-Pritchard, Telegraph.Co.Uk | 14 June 2008 Professor Charles Goodhart— (Goodhart’s Law, ex Monetary Policy Committee, and now Olympian sage at the LSE)— is too polite to say that the Federal Reserve has made an utter hash of the US economy by slashing interest rates to 2%. But that is clearly what he thinks. US M1 Money Supply"I

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-21034404801663822412008-06-17T16:01:00.000-07:002008-06-18T10:42:53.027-07:00

Investment Strategy:"sometimes Me Sits And Thinks And Sometimes Me Just Sits!"By Jeffrey Saut | 16 June 2008 "A friend of mine, Eric Hanson, who runs Hanson Investment Management, publishes a regular investment letter… (We) recently discussed soccer (known as football in most of the world). According to him, ‘football matches are low-scoring affairs and often decided by a penalty kick’ (and some

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-86090883348210467522008-06-17T13:50:00.000-07:002008-06-17T13:59:52.739-07:00

Buy When Investors Panic... Make A Quick 17%By Ian Davis | 17 June 2008Throughout history, investors have fallen into and out of love with risk.For example, in October 1998, investors were jumping at the chance to buy junk bonds at a measly 2.8% premium to Treasury bond yields. Then, by October 2002, the default rate on junk bonds was spiking. To entice an investor to take on the risk of a junk

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-66560590319542422582008-06-17T12:29:00.000-07:002008-06-17T13:33:10.496-07:00

Us Home Foreclosures Rise 48% As Inflation SurgesBy Suzy Jagger, Times Online, New York | 17 June 2008Americans have not seen the worst of the housing crisis and must grow accustomed to surging inflation, one of Wall Street's leading economists warned today, as the US suffered the sharpest rise in foreclosures on record. Kevin Logan, chief economist at Dresdner Kleinwort, the investment bank in

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-84203026468371632432008-06-16T15:45:00.000-07:002008-06-16T16:03:30.666-07:00

Morgan Stanley Warns Of 'Catastrophic Event' As ECB Fights Federal ReserveBy Ambrose Evans-Pritchard, Telegraph.Co.Uk | 16 June 2008The clash between the European Central Bank and the US Federal Reserve over monetary strategy is causing serious strains in the global financial system and could lead to a replay of Europe's exchange rate crisis in the 1990s, a team of bankers has warned. "We see

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-15906903682589201532008-06-16T10:51:00.000-07:002008-06-16T12:51:04.466-07:00

When Bubbles CollideBy John Mauldin | 15 June 2008I remember in the summer of 2006 I would face my blank computer screen on a Friday and wonder, what I could write about? The media was all Goldilocks, all the time. Today, there is such a target-rich environment. I could probably write three letters a week, there is so much happening that is worthy of our attention. The problem today is trying to

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-123268190933645562008-06-15T19:22:00.000-07:002008-06-15T20:05:07.446-07:00

Finance In Asia: Pots And KettlesFrom The Economist Print Edition | 22 May 2008The credit crisis has cooled Asia's ardour towards Western banks.But the region stands to gain even more from opening up than Wall Street does.Illustration by Satoshi KambayashiSHANGHAI— When China's three leading state-run banks finally felt confident enough to list their shares in 2006 and 2007, after years of losses

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-41045878530375625332008-06-15T15:43:00.000-07:002008-06-15T15:44:16.413-07:00

Why Investors FailBy John Mauldin | 15 June 2008Like the children from Lake Wobegon, I am sure all my readers are above-average investors. But I am also sure you have friends who are not, so in this chapter we will look at the reasons why they fail at investing, and how they should analyze funds and determine risk. Hopefully this will give you some ways to help them. I will show you a simple way

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-78814034122069387232008-06-15T12:44:00.000-07:002008-06-15T12:59:36.515-07:00

"Pure" Democracy In Action: Europe In Turmoil After Irish VoteReferendum Defeat Dashes Plans For A Stronger EU On The Global Stage;Or, Cutting Off One's Nose To Spite One's Face.By Marc Champion and Charles Forelle, WSJ | 14 June 2008In a blow to the ambitions of the world's largest economic and political union, voters in Ireland derailed plans aimed at making the European Union a stronger global

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-3790644856205685452008-06-15T09:37:00.000-07:002008-06-15T11:59:19.922-07:00

Global Stagflation Ahead? The Interplay Of Aggregate Demand And Aggregate Supply ShocksBy Nouriel Roubini | Jun 10, 2008 The recent rapid rise in commodity prices— oil, energy, metals and agricultural commodities— is leading to the concern that the ensuing rise in global inflation may be associated with a slowdown of global economic growth if not an outright global recession; i.e. there are

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-65685795431169587282008-06-14T22:40:00.000-07:002008-06-14T23:09:54.221-07:00

Cultural Spending Neurosis: How A Nation Went From Prudence To Financial Decadence.By Dr. Housing Bubble | 12 June 2008I was having a conversation with someone last week regarding his home equity line being shut down. He was rather distraught and frustrated by the sudden move of the lender to close off his line due to market conditions here in California. "How can they do that? They have no right

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-3388140244561180312008-06-14T17:11:00.001-07:002008-06-14T17:55:32.742-07:00

Stage Two Of The Mortgage Collapse: $500 Billion In Pay Option Arms Meet The Piper In 2008 With 60 Percent Being In California.By Dr. Housing Bubble | 14 June 2008The next stage of the mortgage debacle is only starting to rear its ugly head and all early signs tell us that this is going to be even worse than the subprime mortgage collapse. We need to remember that the subprime mortgage debacle

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-89312671365696198692008-06-14T13:30:00.000-07:002008-06-14T16:14:17.425-07:00

Back To The 1970s, Or The Early 1920s?By Ambrose Evans-Pritchard, Telegraph.Co.Uk | 27 May 2008As readers know, we 'Austrians' [monetary theorists] are not yet convinced by claims that inflation is spiralling out of control— though it obviously is in Eastern Europe, the Gulf, and much of emerging Asia. I suspect that headline CPI inflation in North America and Europe will peak soon as the

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-17419861186073461592008-06-13T13:13:00.000-07:002008-06-13T13:27:38.993-07:00

Global Stagflation Ahead? The Interplay Of Aggregate Demand And Aggregate Supply ShocksBy Nouriel Roubini | Jun 10, 2008 The recent rapid rise in commodity prices— oil, energy, metals and agricultural commodities— is leading to the concern that the ensuing rise in global inflation may be associated with a slowdown of global economic growth if not an outright global recession; i.e. there are

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-552249305213330692008-06-12T15:44:00.000-07:002008-06-12T21:52:53.620-07:00

Everyone's Singing The Same SongBy Chris Puplava | 12 June 2008A case was made for stagflation earlier in the year in a previous WrapUp, and the case for stagflation is only getting stronger. US growth is clearly slow with a declining trend in employment and industrial production, all the while inflation continues to march ever higher. Businesses are getting slammed with the double-edged sword of

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-38215955323631706172008-06-11T21:44:00.000-07:002008-06-11T21:47:25.541-07:00

Guru Grades: Don Hays On Long-Term Cycles And Shorter-Term Trends (Last Updated 5/24/08)Click here for a link to complete article:Don Hays on Long-term Cycles and Shorter-term Trends (Last Updated 5/24/08) We evaluate here the stock market forecasts of Don Hays since late 2000, shortly after he established his own investment advisory firm. Evaluated predictions/recommendations come indirectly

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-67938506667583018102008-06-11T15:00:00.000-07:002008-06-11T15:15:24.984-07:00

Credit Crisis Expands, Hitting All Kinds Of Consumer LoansBy Kevin G. Hall | 11 June 2008 WASHINGTON— The credit crisis triggered by bad home loans is spreading to other areas, forcing banks to tighten credit and probably extending the credit crisis that's dragging down the economy well into next year, and perhaps beyond. That means consumers are going to have an increasingly difficult time

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-68519723032567888512008-06-11T14:05:00.000-07:002008-06-11T14:42:03.946-07:00

Investor's Guide 2003: Is The Market Rational?No, Say The Experts. But Neither Are You— So Don't Go Thinking You Can Outsmart It.By Justin Fox, Fortune | 9 December 2002Buy and hold. Diversify. Put your money in index funds. Pay attention to the one thing you can control— costs— and keep them as low as possible. Today that is pretty standard, if often unheeded, investment advice. Forty years ago

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-85459879858683535572008-06-10T20:36:00.000-07:002008-06-10T21:05:43.795-07:00

Analysts Lose 17% For Investors In Brokerage PicksBy Eric Martin and Josh Fineman | 6 June 2008June 6 (Bloomberg)— Investors who followed the advice of analysts who say when to buy and sell shares of brokerage firms and banks lost 17 percent in the past year, twice the decline of the Standard & Poor's 500 Index.Buying shares on the advice of Merrill Lynch & Co.'s Guy Moszkowski, the top-ranked

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-9072143633950146092008-06-10T17:00:00.000-07:002008-06-10T17:07:48.153-07:00

George Soros: Rocketing Oil Price Is A BubbleBy Edmund Conway, Economics Editor | 10 June 2008Speculators are largely responsible for driving crude prices to their peaks in recent weeks and the record oil price now looks like a bubble, George Soros has warned. The billionaire investor's comments came only days after the oil price soared to a record high of $135 a barrel amid speculation that

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-80852410533694569522008-06-10T15:47:00.000-07:002008-06-10T16:08:04.696-07:00

Sense Of Fairness Affects Outlook, Decisions ToolboxBy Shankar Vedantam, WP | 10 June 2008Graphic: Fairness Matters!American workers are hurting. The country is in an economic slump, thousands of people are being laid off, and hundreds of companies are retrenching. With house values falling in many parts of the country and with gas prices soaring, many people are struggling from paycheck to

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-5470027540956462252008-06-10T13:20:00.001-07:002008-06-10T17:22:29.019-07:00

Taking More Risks Because You Feel SafeOr, Why The Government Bailout Of Homeowners And Bankers Assures That 'Next Time' Will Be Worse!By Shankar Vedantam, WP | 10 June 2008Prudent bicyclists wear helmets,but motorists who see the helmetsmay drive less prudently aroundthose cyclists. (Photo by Susan Biddle)The housing market is in free fall: Quick— let's protect homeowners against foreclosure.The

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-40849956265811998132008-06-09T14:45:00.000-07:002008-06-09T14:53:53.127-07:00

Dollar Crisis Looms, China Ponders Reform: MundellBy Jason Webb | 9 June 2008VALENCIA, Spain (Reuters)— A major dollar crisis could come within five years and China is discussing reforms to the global monetary system to protect its $1.6 trillion reserves pile, says Nobel Prize-winning economist Robert Mundell.Mundell, who has regular contacts with Beijing officials, said they are considering

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-55135223652265464952008-06-08T19:22:00.000-07:002008-06-09T14:16:45.250-07:00

Withering Economy Evidence Is EverywhereBy Mike Whitney | 6 June 2008Look around. The evidence of a withering economy is everywhere. In "good times" consumers shun the canned meat aisle altogether, but no more. Today, Spam sales are soaring; grocery stores can't keep it on the shelves. Everyone is looking for cheaper ways to feed their families. The Labor Dept. assures us that core-inflation is

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-13232143491688960742008-06-08T18:38:00.000-07:002008-06-08T18:39:09.611-07:00

Pressure Points In The Bank BustBy Jim Willie CB | 8 June 2008An historically unprecedented mess has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and [[mortally(?): normxxx]] wounded the world financial system, urgently pushed after removing the anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-28756889336743030792008-06-08T14:55:00.001-07:002008-06-08T15:12:12.701-07:00

A Slam-Dunk Trade In The Oil Patch?By Bob Moriarty | 6 June 2008I don’t think I would be telling tales out of school to point out that markets are often irrational. It’s been said that markets can stay irrational a lot longer than you can stay solvent so the fact that markets are irrational isn’t always a buy signal. However once a market turns, it tends to continue in the same direction.Crude

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-20745763777671949422008-06-08T14:08:00.001-07:002008-06-08T14:31:31.245-07:00

Credit Default Swaps The Next CrisisSub Prime Is Just 'Vorspeise'By F. William Engdahl | 8 June 2008While attention has been focussed on the relatively tiny US "sub-prime" home mortgage default crisis as the center of the current financial and credit crisis impacting the Anglo-Saxon banking world, a far larger problem is now coming into focus. Sub-prime or high-risk Collateralized Mortgage

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-15921671347126126972008-06-06T10:42:00.000-07:002008-06-06T11:09:21.219-07:00

The Many Faces Of Inflation By Contrary Investor | 6 June 2008The Many Faces Of Inflation...As we've mentioned more than a number of times in the past, one of the key debates among investors at the moment is that of greater macro inflation versus deflationary forces. Go ahead and check out investment message boards/forums focusing on gold, commodities in general, housing, etc., and the debate is

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-84905501021854080372008-06-05T14:33:00.000-07:002008-06-05T14:56:07.313-07:00

Oil In 2012: $200 Or $50?By Martin Hutchinson | 28 May 2008CIBC World Markets analysts recently predicted that oil would sell for $200 a barrel in 2012, as oil supplies grow ever tighter relative to demand. That would imply a continued global boom for the next four years, which would bring inflation, perhaps validating CIBC’s prophesy as the dollar went the way of the 1923 Reichsmark. All the

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-58746834548535144502008-06-05T13:33:00.000-07:002008-06-05T13:57:37.212-07:00

Gold & Energy AdvisorBy James Digeorgia, Editor | 31 May 2008• Federal Reserve report says: America is bankrupt!• Bush Administration warns: Medicare is "drifting towards disaster"• Why US Social Insurance programs all but guarantee gold will reach $2,500"Is the U.S. Bankrupt?"That’s the title of a disturbing paper issued by the Federal Reserve Bank of St. Louis, written by economist Laurence J.

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-30222250122958808032008-06-05T12:49:00.000-07:002008-06-05T13:11:38.996-07:00

Global Financial Meltdown AheadBy James West | 4 June 2008The third phase of the "mortgage meltdown" or "real estate bubble" or "credit crunch", or whatever you prefer to think of it is, will be nothing short of a re-ordering of the financial universe. We will one day (hopefully) look back on this time and shake our heads in awe at the depression-era hardships many are on the verge of

normxxxnoreply@blogger.com0tag:blogger.com,1999:blog-7822244251586607847.post-32258211260259559112008-06-03T18:32:00.000-07:002008-06-03T18:48:55.511-07:00

Bailout OR Ripoff!?!; PART THREE:The Secret Bailout Of JPmorgan:How Insider Trading Looted Bear Stearns And The American TaxpayerBy Ellen Brown | 13 May 2008 The mother of all insider trades was pulled off in 1815, when London financier Nathan Rothschild led British investors to believe that the Duke of Wellington had lost to Napoleon at the Battle of Waterloo. In a matter of hours, British

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