Inflation concerns mount

July 16, 2008 | Leave a Comment

Investors have gained renewed enthusiasm for their concerns about a continued slump in the economy. Despite a 25 per cent rise in Intel’s second quarter earnings and a drop in oil prices, the Dow gained downward momentum Tuesday (July 15) dropping below 11,000, to a close of 10,962. This is over 3,000 points below the Dow’s record close in mid-2007, just over 14,000. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Fly Away

July 15, 2008 | Leave a Comment

AFTER TWENTY-FIVE YEARS of booming asset markets, it’s getting hard to keep hold of your money, let alone grow it. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

The Weekly Report

July 14, 2008 | Leave a Comment

Welcome to the Weekly Report. Normally at An Occasional Letter From The Collection Agency we try to focus attention on the macro-economic near term effects using the Weekly Report, allowing the Occasional Letter to look further into the future by about 18-24 months. We have reached a stage now where it is becoming difficult to keep the various strands of my convoluted thoughts distinct and clear for the readers so, in keeping with one or two other writers it is time for a re-cap. Read more

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Middle East tension limits oil price decline

July 11, 2008 | Leave a Comment

Thursday (July 10) was another in a long run of recent trading days that shows just how much downward price resistance is in the way of crude oil. Following another recent dip, which pushed the commodity down to $135, light sweet crude oil speculators pushed oil futures back up over $140 with a $5 gain Thursday. Read more

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Fed cracks down on home lending

July 9, 2008 | Leave a Comment

Tuesday (July 8), Federal Reserve Chairman Ben Bernanke finally shared some of the details about new Fed plans to crackdown on some of the deceptive and unethical home lending practices that most believe have contributed to the housing and credit mess. Largely a response to demand from Americans and law makers, the Fed wants to address practices related to sub-prime and exotic lending that made lending too easy during the housing boom of the early 21st century. Read more

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The weekly report

July 7, 2008 | Leave a Comment

Welcome to the weekly report. This week we look at the Bank for International Settlements (BIS) latest utterances and look at the chart of a hedge Fund showing unusual price action. We start with a look at some “suggestions” made by the BIS in its 78th annual report. This is probably the most important global macro-economic pointer you will see this year that shows the way ahead: Read more

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World Gold Charts

July 7, 2008 | Leave a Comment

BACK IN 1969 the International Monetary Fund (IMF) created a new kind of money – the ultimate form of international money, it believed – called the Special Drawing Right. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Gold climbs on weak dollar

July 4, 2008 | Leave a Comment

Gold has been on the rise in recent days and weeks, as the dollar has softened. Similar to oil, gold is a commodity that tends to move inversely with the dollar during uncertain economic times. Earlier in 2008, the gold spot rate soared to a record near $1,020 per ounce, its highest point since the dollar’s value was floated against the natural resource. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

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