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Fed may extend Wall Street lending
The Fed may have no choice but to prop up Fannie Mae and Freddie Mac, but the same can't be said for the big investment banks, which seem to me to be little more than glorified gambling houses. The Fed continuing to extend credit to here is kind of like the house giving a... Police launch two-day blitz on metals theft
As prices for metals have risen throughout the world "metal theft" has become increasingly common. In the UK, police have launched an initiative to tackle the problem."Police have launched a nationwide blitz on the theft of metal, a fast-growing crime fuelled by rising prices... Is G-8's relevance unclear?
This is the affirmative answer to such question as expressed in an article by LA Times. " On eve of summit, G-8's relevance is unclear. This week's gathering of the world's major developed nations in Japan will probably be overshadowed by worries about the global economy... RBS chooses gold to beat inflation in new expatriate fund « Peter J. Cooper...
"The role of gold in this new account is bound to raise eyebrows and comes as the bank is warning customers to expect turmoil in equity and credit markets over the next three months, an unusal statement for the second largest UK bank. "Gold and silver break above $900, $17, ready for Iran crisis? « Peter J. Coo...
" Oil prices remain very high and the Jeddah international conference will be keenly watched by observers this week. A coordinated move to dampen oil prices by increased supply is, however, unlikely to impress markets now eyeing the security implications of Israel’s dummy...RBS issues global stock and credit crash alert
"The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. "A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the... Hello Kitty mounts global offensive
All you hello kitty lovers (not me), get ready for Hello Kitty Mania. Upcoming products include digital cameras shaped like like a cat's head and also a Hello Kitty MMORPG game. Who wouldn't want a Hello Kitty wallet... RBS issues global stock and credit crash alert
"The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. "A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the...RBS warns of Black Monday within three months, buy precious metals « Peter J...
" In a Daily Telegraph scoop today the bank warns that the S&P 500 will fall by more than 300 points to around 1050 by September. This Wall Street crash will reverberate through Europe, Asia and the emerging markets, and amount to ‘one of the worst bear markets over... Hong Kong slaughters all poultry in prevention of Bird Flu
241 people has died from bird flu outbreaks around the world. The killing of all poultry is a prevention of an outbreak that could mutate into a easily transmistted person to person virus. " Hong Kong has... Will the Hunts buy silver again after selling Hunt Petroleum? « Peter J. Coo...
" Of course, the irony of the 1970’s episode may not have been lost on the next generation of Hunts. They did indeed select one of the best possible investment strategies for that decade, and if they had not gotten too greedy with margin trading their position would have...Oil imports increase US trade gap
Soaring fuel prices have now started hitting even American economy badly. According to a latest report for the first time in last 13 months, US trade deficit have gone up to $60.9bn in April ."The rising cost...Asian stock markets slump, Wall Street flat « Peter J. Cooper’s Weblog
"China led the Asian markets sharply lower with shares down 5.7 per cent in Shanghai, 3.5 per cent in Hong Kong and 2.5 per cent in Sydney. But after last Friday’s plunge the big cannons were out on Wall Street to steady nerves and head off a likely Black Monday."Black Monday, all eyes on Western markets « Peter J. Cooper’s Weblog
"Some have interpreted remarks by the European Central Bank chief Jean Paul Trichet last week about raising interest rates as similar to comments from the Bundesbank which triggered the 1987 dollar and equity crash. Last Friday’s oil price surge has echoes of the 1970s and...Housing Market - No Bottom in Sight
A record 2.47% of all home loans were in the foreclosure process atthe end of the first quarter vs. 1.28% a year earlier, the MortgageBankers Association said Thursday. Beyond that, 6.35% of all loans on one-to-four-unit residentialproperties are behind on payments. That's...
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