Last night Japan lit the race-to-zero currency candle in the futures, playing the “we can pump too” game, even though it has not worked for them the last 21 years. Here in the States we continue to celebrate rising gas prices, rising commodity prices a…
“Central to this forecast is my expectation that household de-leveraging, which is now underway on both sides of the Atlantic, has much further to run. In other words, we are in a balance sheet recession. When that happens, debt reduction becomes the…
Reuters) – The Bank of Japan cut interest rates on Tuesday and pledged to keep rates at zero until prices are seen stable in a surprise move showing its concern that a strong yen and slowing growth are undermining a fragile economic recovery.
The cent…
$69 million in California welfare money drawn out of state
Las Vegas tops the list with $11.8 million (welfare credit)spent at casinos or taken from ATMs, but transactions in Hawaii, Miami, Guam and elsewhere also raise questions. Officials say budget…
October 4, 2010
Cities in Debt Turn to States, Adding Strain
By MARY WILLIAMS WALSH
Harrisburg, the capital of Pennsylvania, dodged financial disaster last month by getting money from the state to make a payment to its bondholders.
It did so even th…
Link
Watch the CNBC clip below. The housing market may be totally toast because of the broken paper trail. It’s remarkable how dormant this story went about a year ago and now it explodes.
Yahoo charts still iffy. At this stage Kiwis -0.4%, Aussies -0.9% and Singers -0.4%.
A touch of gloom & doom for the Aussie market: IT -1.5% and Miners/Materials -1.3%. The only green sector is REITS +0.2%.
http://ichart.finance.yahoo.com/t?s=%5EN…
The wife went to her first gold party tonight, without telling me. Sold some old junk, came home, handed me $100 and each of the kids $50. Given that she’s never handed out cash before, I suspect she got a lot more than that. This is hush money.
I do…
http://news.yahoo.com/s/nm/20101004/bs_nm/us_wealth_summit_gold
QuoteGENEVA (Reuters) – The world’s wealthiest people have responded to economic worries by buying gold by the bar — and sometimes by the ton — and by moving assets out of the finan…
