The Financial Fire Trucks Are Gathering
November 28, 2008 | Comments Off
“It will therefore be crucial that you see the world anew. That means looking from the outside in to reanalyze much that you have probably taken for granted. This will enable you to come to an understanding. If you fail to transcend conventional thinking at a time when conventional thinking is losing touch with reality, then you will be more likely to fall prey to an epidemic of disorientation that lies ahead. Disorientation breeds mistakes that could threaten your business, your investments and your way of life.” Read more
Analysts worry dollar in trouble
November 27, 2008 | Comments Off
With more rough economic data hitting Wall Street again Wednesday (November 26), many analysts are beginning to speculate that the dollar may once again be headed for trouble. The greenback has been strong against European currencies and other world currencies in recent months, thanks largely to falling oil prices. However, the reality of the current economic environment and a weak US economy means that the US currency is going to be hard-pressed to maintain its current values. Read more
Consumer prices, new home construction have record drops
November 19, 2008 | Comments Off
Inflation concerns and growing consumer prices had spent much of the middle part of 2008 tucked just behind a slowing economy in order of Fed concerns. During mid-July, gas prices cleared $4.00 per gallon and consumers were finding staple groceries like milk, eggs, and bread with expensive price tags. In fact, discussion about rate hikes at the turn of the 2007-2008 calendar years included concern about growing inflation. Wholesale prices set historic marks for growth during the summer months. Read more
Gold Investors “Will Buy the Dips”
November 18, 2008 | Comments Off
THE PRICE OF GOLD continued to drift lower in early London trade on Tuesday, holding $10 per ounce below last week’s close while European stock markets lost another 2% and crude oil fell towards fresh 21-month lows. Read more
Wal-Mart: The recession buster
November 14, 2008 | Comments Off
If there is one company that is set up to operate and thrive in one of the worst economic crises in decades, it is Wal-Mart. With economic panic and daily retail losses gripping the market, Wal-Mart calmly came in with a 10 per cent increase in its third quarter earnings over last year’s report. Read more
Oil below $60, gasoline follows suit
November 12, 2008 | Comments Off
Economic data continues to get worse in the US. Consumer spending continues to slow according to surveys and retail sales data. The Federal government is currently working on details of a major new bailout plan designed to help lenders work with struggling homeowners to avoid foreclosures. Read more
Investors not excited for O’Bama presidency
November 7, 2008 | Comments Off
There has perhaps never been a more profound and emotional response to a presidential election in US history. It was estimated that over 200,000 people showed up at Chicago’s Grant Park for President O’Bama’s acceptance speech. New voter turnout hit a new record. Read more
Gold Steady as Stocks Sink, UK Slashes Interest Rates to 57-Year Low
November 6, 2008 | Comments Off
THE SPOT MARKET PRICE of Gold held steady in London on Thursday morning, trading just shy of $745 per ounce as world stock markets sank to a one-week low and UK interest rates were slashed to their cheapest level in more than five decades. Read more
Add us to your favourite news reader:
Add RSS
Categories
Latest News and Articles
- Gold Slips on Dollar Bounce
- Euro dips as 2009 expectations weaken
- Gold Ends 2008 Higher for US
- New Year’s resolutions for US economy
- Home sales disappoint in November
- Gold Holds Tight
- Global Deflation Panic Sparks Return of ZIRP
- Dollar falters against euro, yen