August 3, 2011 · 1 comment
in 2011, August, S&P 500, US debt, US economy, debt, economy, employment, forecasts, fundamentals, gold, indicators, layoffs, market reports, recession, seasonal investing, summer, unemployment
Now that the debt ceiling has been raised and the media have already turned to the question of how Obama will be celebrating his 50th birthday, it behooves us to consider the new market slump that has sunk in following registration of the reality of America’s debt situation. Immediate crisis would seem to have been [...]
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May 1, 2011
in Federal Reserve, OPEC, consumers, international economy, market trends, news and updates, oil, prices, seasonal investing, transportation
Should we be concerned about $110+ oil? Since the beginning of March, and noticeably after the March 11 triple tsunami-earthquake-nuclear disaster in Japan, oil prices have shot through the roof and show no signs of abating. Events in Libya have helped keep oil support levels high as well, but many argue this is no mere [...]
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December 31, 2010 · 3 comments
in 2010, 2011, China, Financial New Year, bubble, bull market, commodities, energy, europe, forecasts, gold, market reports, oil
Oil and gold prices are ending 2010 on new near-term breakout highs. After a post-crash slump that kept oil around $60-$68, oil broke out to the $80-85 range for much of 2010, but in December oil’s made new breakouts yet again.
Just this past week or so, oil touched through $90 for the first time since [...]
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November 10, 2010 · 3 comments
in Asia, BRIC, China, G20, RMB, USD, World Bank, central banks, currencies, exchange rates, foreign investment, forex, international economy, international stock market, market reports, market trends, money, news and updates, sovereign debt, terminology, world order
You may not have heard of this yuan yet – but the renminbi officially has a new, unofficial nickname – the “redback.” That’s right, it looks and sounds the way you think it’s trying to look and sound. Not only is the renminbi note red, but it’s got a picture of Mao on the [...]
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November 9, 2010
in 2010, China, Federal Reserve, GoldMoney, US debt, USD, World Bank, bubble, bull market, central banks, commodities, currencies, debt, economy, forecasts, forex, fundamentals, gold, hedging, hyperinflation, inflation, international economy, market reports, market trends, metals, precious metals, risk, silver, stimulus, world order, world reserve currency
And none of them are likely to happen in any conceivable near-term time frame.
Gold is sitting pretty now above $1400/oz following the World Bank’s suggestion of a return to the gold standard – and it’s inevitably already drawing out commentators from the woodwork who want to talk about how overvalued gold is and the fact [...]
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August 29, 2010 · 3 comments
in 2010, Canadian, Canadian economy, GDP, Q2, economy, forecasts, indicators, international economy, news and updates
Canadian GDP data for the second quarter will be released on Tuesday by Statistics Canada. Analysts are expecting slower growth than the previous two quarters, in which annualized GDP grew by 6.1% in Q1 (the largest quarterly GDP expansion in a decade) and 4.9% in last year’s Q4.
Comparing these numbers with the revised U.S. GDP [...]
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July 4, 2010 · 3 comments
in Federal Reserve, US debt, US economy, collapse, debt, deficits, deflation, economy, forecasts, market crash, market reports, recession, stimulus
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By all counts it seems clear that the odds of the U.S. falling into a double-dip recession have increased. If you just look at the charts of the DJIA alone, you can see the breakdown in prices, but there are other factors, too.
1. State Anti-Stimulus Programs Larger than Federal Stimulus Programs. I think this was [...]
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