Blame Bernanke, the dollar and oil

Oil prices aren't high because of greedy oil companies or backstabbing middle eastern countries. Oil prices are high because of easy money. That is the message of David Uren in today's Australian. I subscribe to his view but add in peak…

UK home prices fall in June

From Firstrung:UK house prices fall 1.2% in June as house price growth reaches near zero for past twelve months - Rightmove U.K. house prices have declined by their biggest amount so far this year as buyers shun the…

Citigroup to slash jobs

Rumors are that Citigroup is also going to have another big writedown.Citigroup Inc., in the latest sign of bloodletting on Wall Street, is set this week to embark on an aggressive round of layoffs within its investment-banking division,…

Market risk is high

As we get ready for another grueling weak in the markets, one can see that market risk is high. Weekends are always a time of great nerves because there are no trades to validate or question one's market view. However, this weekend is…

Gas is cheap!

A friend from the UK visited me at the weekend last week. As we drove by the local Exxon, and he spotted the $4.30 marker for regular unleaded, he commented "Petrol is cheap here." Really?Well, in the UK, he said he was paying £1.40 a…

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