Where did all money go – Wells Fargo? - April 11, 2009 15:53

The answer has come in as to what happened to all the money that has been missing from the banking and credit sector. With banks and lenders dropping off radar and facing bankruptcy or company break-ups (see AIG), Wells Fargo has apparently been hoarding all the business and customer.

Mortgage rates look to settle below 5 per cent - April 8, 2009 8:29

A few times in the last several months, rates on 30-year conventional fixed mortgages have flirted with the sub-5 per cent level. Finally, after a few brief drops below this historic level, and subsequent bounces, rates seem content to hold the line at amazingly low rates.

Gold stalls as economic hopes stabilize financial markets - April 3, 2009 8:26

The price have gold has moved little in the last few months as investors await signs of a return to normalcy for global economies. The safe money investment, gold has been sitting in the $900 to $975 per ounce price range for the last two months. The current spot rate is $907 per ounce.

Gold Falls, Stocks Jump as G20 Meets - April 2, 2009 13:52

THE PRICE OF physical gold fell against all major currencies early Thursday, dropping 2% versus the Dollar as global stock markets jumped and Treasury bonds were sold lower.

One dollar on verge of 100 yen - April 1, 2009 9:06

One dollar currently sits at 99.08 yen and touched 99.49 in early Tuesday evening Asian trade. The upward move for the greenback is an impressive and sharp reversal of a sharp fall off to open the new currency trading week Sunday evening and Monday morning. The dollar fell from around 98.5 yen as trade started […]

Eggertsson Theory, Armstrong and Timing - March 27, 2009 21:03

An Occasional Letter from the Collection Agency. Eggertsson Theory, Armstrong and Timing. Who’s that knocking on the door? Who’s that ringing the Bell? It’s time for another visit by your friendly Collection Agency to offer timely advice and to remind you of his previous excellent record. You should all know by now that the Collection […]

Jobless claims a sign of worsening recession? - March 27, 2009 8:07

There are now more Americans accepting unemployment claims benefits than at any other time in history. According to data Thursday (March 26) from the Department of Labor, there are 5.56 million people now collecting unemployment benefits. This was well above the project number of 5.48 million and marks a new record high of continued jobless […]

Gold “Looks Stable, Downside Unlikely” - March 25, 2009 16:42

THE PRICE OF GOLD ticked lower once more early Wednesday, bouncing higher from $918 an ounce for the second day running in London as world stock markets rallied on a strong Wall Street start.

Stocks pull oil and gas prices higher - March 25, 2009 10:26

Despite a 115 point drop in the Dow on Tuesday (March 24), the stock market continues to ride the wave of a tremendous 2-week rally that has left the blue chip index around 1,000 points higher than its near-term low water mark. Following stocks higher have been the prices of oil and gasoline.