Gas nears $4, $5 speculation heats up - May 21, 2008 14:55

Oil futures spiked to another new record over $129 per barrel Tuesday (May 20) dragging retail gas prices along for the ride. Prices at the pump topped $3.80 per gallon, according to the Energy Information Administration.

The Fed’s Deadly Inflation Corp.? - May 19, 2008 19:31

AS THE U.S. and British housing bubbles continue to deflate, leaking stale gas like an air-bed blown up when you’re drunk, just how much trouble will come from government schemes aimed at saving over-geared debtors and over-lent lenders?

The Weekly Report - May 19, 2008 8:47

Welcome to the weekly report. This week we look at inflation and deflation, the Dow, gold and FTSE but start with a look at a recent speech by William C. Dudley who is the executive vice president of the Markets Group at the Federal Reserve Bank of New York. He is also the manager of […]

Gold Hits 3-Week High - May 16, 2008 13:45

PHYSICAL GOLD BULLION prices rose sharply in London on Friday, gaining 1.1% to reach a three-week high of $894 per ounce as European stock markets pushed higher and US Treasury bonds slipped.

Housing markets lagging credit - May 16, 2008 9:25

While news events and comments on Tuesday brought to light the hopeful sentiments bouncing around credit markets, most of the news in housing still appears to be negative. Federal Reserve Chairman Ben Bernanke commented Tuesday that credit markets might have seen their worst moments. These comments were much in line with the sentiments of other […]

Mr King writes a Letter - May 15, 2008 10:04

Dear Gordon Alistair, Firstly I would like to say thank you for giving me the opportunity to lead the Bank of England for another term. Now that I am securely in post, I feel I can relax a little and say more of what is on my mind. Of course that may not sit comfortably […]

Gold Bounces into US Open - May 14, 2008 14:33

THE PRICE OF GOLD BULLION fell at the opening in London on Wednesday, slipping to a 7-session low of $860.50 per ounce before bouncing almost 1.0% as New York opened for business and the US Dollar fell against the Euro.

Credit markets through the worst? - May 14, 2008 8:37

Commentary recently from Central Bank members and analysts alike have suggested the possibility that the US credit turmoil has seen its climax and is beginning to fade. Fed Chief Ben Bernanke added to the sentiment today in his comments. While he said the situation is certainly note ideal, credit markets appear to be in much […]

Gold settles back below $900 - May 9, 2008 9:57

Oil and retail gas prices set new records again today (May 8). Oil futures climbed over $124 per barrel in New York trade, while the national retail price index showed an average of $3.65 per gallon. The latest surged in oil and gas have coincided with the recent modest slide in the dollar. Contrary to […]