Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Good news on income and spending
The news that income and spending in the U.S. economy has been resilient must be cheered as good (see news release here). It may result in our seeing a W-shaped recession as opposed to a U- or L-shaped one. The U.S. consumer is much more…
RBS, Fortis Ratings Cut by Moody’s
You kind of saw this one coming.Bloomberg News article here
Bernanke is responsible for the market meltdown
The Fed has lost all credibility in the markets. On Wednesday, Ben Bernanke was unable to put his money where his mouth is. Earlier, he jawboned on inflation, trying to match the BoE and the ECB in rhetoric, but his actions speak louder…
Marc Faber: Investment strategies for June 2008
I have uploaded the associated PDF for this teleconference. Click here for PDF.
U.S. Global Investors Exclusive Webcast: Where is the Boom and the Doom?
SAN ANTONIO--(BUSINESS WIRE)--U.S. Global Investors (NASDAQ:GROW), a boutique…
Marc Faber says avoid financials and buy gold
In an interview with CNBC India, international investor Marc Faber says that gold is his commodity of choice right now.
Marc Faber sees demand for commodities to come off in second half of 2008 in India and China. He will rather buy gold…
AIG Poised to Absorb $5 Billion Losses
It looks like AIG is poised to join the ranks of UBS, Citigroup, and Merrill in leading the write-offs by financial institutions. Bloomberg is reporting that AIG is ready to write off another $5 billion. June 27 (Bloomberg) -- American…
Rumour: NAB wants to buy HBOS Australia
This is the latest M&A rumour making the rounds in financial circles. I caught this in Today's Financial News.
And that may be the moment when National Australia Bank (NAB:Australia) makes a formal offer for the Australian branch…
GM drops to 53-year low
Wow! I've heard of multi-year lows, but a 53-year low. That's painful.
Look, let's not beat around the bush here. GM is in big trouble. They sell many products that people don't want anymore (gas guzzlers), their growth engine is…
Rough day in the markets
Wow! That was an exciting, but stomach churning day in the markets. The Dow was way down, 358 points. Oil soared to a new high over $140 a barrel. The Euro hit a record against the yen. The TED spread is rising. Did I miss anything?…
Chart of the day: jobless claims
At 8:30 EDT this morning, the Labor department released its jobless claims numbers. The numbers are not appreciably different than a week ago. But they are largely consistent with recession: 384,000 jobless claims and 3,139,000 continuing…