LiveWire Economics Blog
LiveWire Economics Blog - October 9, 2008 9:30
Concern about $2 trillion in retirement losses
The first question to open the second Presidential debate on Tuesday night was from a future retiree concerned about the losses of financial savings and assets of American workers in the current economic crisis. The second debate featured a “Town Hall†format, meaning the questions posed to the candidates were created by and delivered by […]
Load Up on Gold
The Gold Report: When we spoke in mid-July, at the height of the market, you predicted a major downward correction. Roger Wiegand: The call was pretty accurate, although the oversell was surprisingly deep. The reason was the hedge funds had gotten into a position where they had to raise cash as crude oil was starting […]
Gold Leaps as Stocks, Oil & Commodities Tumble
SPOT GOLD PRICES jumped $34 early in London on Monday, bouncing well above last Friday’s low at $820 to touch $860 an ounce as world stock markets sank in the face of desperate promises of Tax-Funded Aid from major governments.
Dow gains 485 points, but does anyone care?
The Dow Jones Industrial average had its third highest one day total points gain ever Tuesday (September 30), and it could not have happened in a quieter fashion. Many analysts had anticipated a rebound Tuesday in lieu of any detrimental news on the Street. Monday’s 777 point drop in the Dow was the index’s largest […]
Gold Continues to be an Asset Class of Choice
What’s happening now is panic, says Joseph McAlinden, who thinks that the financial system will survive it and that a year from now the Dow will be dramatically higher. Chairman and CEO of Catalpa Capital LLC, and former managing director and global chief investment officer for Morgan Stanley Investment Management, McAlinden tells The Gold Report […]
New home sales, factory orders fall as bailout talks stall
A combination of three negative news events helped intensify the focus on the floor of Congress to reach agreement on the $700 credit bailout plan. Stocks rose sharply during Thursday (September 25) as investors are banking on a bailout plan being finalized sooner rather than later. Partisan conflict over the final features of a plan […]
Feeling the heat of bailout turmoil
It would be hard to argue that Americans have never seen a more tumultuous investment and economic timeframe than what has been witnessed in the last week and a half. Many financial and investment markets have set new records for movement and volatility and fear and anxiety over the state of the economy and credit […]
The credit and finance roller coaster continues
Thursday (September 18) contributed to one of the most incredible, dramatic weeks of equities’ investment that Wall Street has ever seen. Thursday was the third day in the trading week that saw a 400+ point move in the Dow. The good news for investors was that the 410 point gain helped erase a sizable portion […]
Drama on Wall Street
The start of the economic week brought drama to the credit and finance markets. News circulated Sunday that large creditor Lehman was on the verge of bankruptcy. Other disconcerting news in the troubled credit sector sent Wall Street investors into a panic. After spending much of the day in a deep hole, the Dow plunged […]
Gold Rises as Stock Markets Tumble
SPOT GOLD PRICES recovered an early 2.1% tumble on Tuesday, rising above $780 an ounce as Japan’s Nikkei stock index closed almost 5% lower after Tokyo traders got back to work following a public holiday on Monday.
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