Euro-Area Banks Tap ECB for Record Amount By Gabi Thesing, from Bloomberg The number of financial institutions flocking to the European Central Bank’s three-year loans soared to 800 and borrowing rose to a record in an operation that may boost the euro-area economy. The Frankfurt-based ECB said it will lend banks 529.5 billion euros [...]
Canada Dollar Drop Is Largest in Three Years By Chris Fournier, from Bloomberg Canada’s dollar depreciated by the most since October 2008 as concern the global economy is sinking back into recession spurred a haven rally in the U.S. currency and dimmed the outlook for commodity prices. The currency registered weekly and quarterly losses as [...]
Dollar Weakens Versus Most Peers as Bernanke Outlook Revives Risk Appetite By John Detrixhe and Catarina Saraiva, from Bloomberg The dollar slid versus the majority of its most-traded peers as Federal Reserve Chairman Ben S. Bernanke said the economy hasn’t deteriorated enough to need immediate stimulus, fueling appetite for higher-risk assets. Switzerland’s franc had the [...]
US Is Nearing Even Worse Financial Crisis: Jim Rogers From CNBC.com The U.S. is approaching a financial crisis worse than 2008, Jim Rogers, chief executive, Rogers Holdings, warned CNBC Wednesday. “The debts that are in this country are skyrocketing,” he said. “In the last three years the government has spent staggering amounts of money and [...]
China’s economic strength lies in its ability to manufacture products needed by people throughout the world. The Chinese labor force is cheap, yet its workers are productive and non-complaining. The Chinese government has erased all impediments to manufacturing and starting or enlarging businesses. Unlike the U.S and EU governments, which raise row after row of [...]
Food prices impact each of us and all of us. When food prices rise there is social unrest, and in poor countries with high birth rates, there are, frequently, riots. People no longer grow their own food. We have evolved to a state of hyper-specialization, almost like ants or bees, where each area of production [...]
Most investors watch the Stock Markets, I watch Commodities. Stocks are dreams in the investors’ minds– Commods are real. Commods are taken out of the ground or grown in the ground. They are the Supply Side of the history tested equation of SUPPLY AND DEMAND EQUALS PRICE. If the price is rising, either the demand [...]
GET ON BOARD BEFORE THE TRAIN LEAVES THE STATION! Three major events are happening in the world of finance in 2010. The precious metals, gold, silver and platinum, are hitting ever new highs. The Western Governments are printing more and more money in a desperate attempt to stimulate their economies. The World Population has continued [...]
