Are Trichet's Rate Hikes 1930 All Over Again?

Readers have taken to throwing brickbats when I post material that suggests that raising interest rates (at least in advanced economies) might not be a good move right now. We've said before that the reason the Fed kept rates too low too long was it looked at inflation as strictly a domestic phenomenon and ignored the inflation-suppressing [more...]

Date: 2008-07-03 07:44:14

Blog posts (489) | Videos (426)
 

Why are prices falling? Why does this scare the bourgeoisie?

by Eddy Laing“Credit Suisse chief economist Joseph Tan told The Straits Times that the dramatic fall in prices was due to ‘massive unwinding’ by ... . These speculators - whose bets on future prices drove prices to record highs - are fleeing to safer havens ... (a ‘commodity’ to Marxian economists) is determined by the amount of labor that goes into [more...]

Date: 2009-01-11 17:02:15

Financial Meltdown

I’ve received several requests to write something about the apparent financial crisis in the USA, not to mention the upcoming election. Erin has received similar requests. At first I declined because so much is being written about this already, but people said they just wanted to hear my take on it, so here goes… First off, [more...]

Date: 2008-10-02 17:12:15

Gates of Vienna News Feed 1/2/2009

In tonight’s news: Israel is poised to send ground troops into Gaza.A Muslim family was removed from a plane before takeoff, and is being compensated by the airline for the error. CAIR is in high dudgeon about the incident.Thousands of shoes were dumped on a Miami expressway — is that a message for President-eject Bush? [more...]

Date: 2009-01-03 04:42:00

American Economy: “The Veil of Money” by Josh Sidman

Josh by Josh Sidman Dandelion Salad featured writer Josh’s Blog Post July 13, 2008 As I have argued in previous articles, ... to a decline in the value of the currency used to purchase oil – i.e. the US dollar. Likewise ... and are therefore highly imperfect in their roles as currency. Even though gold is often thought of as a rock [more...]

Date: 2008-07-14 05:33:52

What Happened and What’s Next?

How long do we have before we as a nation become a true second rate enterprise? We have all watched the financial panic unfold over the past few weeks and most of us have taken a big hit in our investments. 401K plans are now 201Ks. My wife asked me to please put our money where it is safe. The bad news, nothing and nowhere is safe [more...]

Date: 2009-01-05 14:00:29

THE DOLLAR TEETERS ON THE BRINK -- THOUGHTS 1/5/09

"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... his theories amount to no more than legalized theft.In the last few trading days, I've been watching ... -- at least not on the surface. The Fed is creating more currency than ever in history [more...]

Date: 2009-01-05 19:09:00

The Great Dragon Awakens: China Challenges American Hegemony

by José Miguel Alonso Trabanco Nowadays, most International Relations analysts acknowledge China’s potential to achieve superpower status over the course of the next decades due to its impressive economic growth, which was triggered by Deng Xiaoping’s economic reforms program (inspired by theorists like Friedrich List) [more...]

Date: 2009-01-07 15:43:00

The United States’ Foreclosure Problem - Solved with PMS!

Since I have been promising to present my very own solution to the foreclosure problem I think I’ll get started ... all, we are told value is important and if we are to use a commodity, or anything else for that matter, as a trading/purchasing tool it must have value. If you read my post of two weeks ago [more...]

Date: 2008-08-22 15:50:01

Iceland teeters on the brink of bankruptcy

This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown ... as their economy implodes - their currency losing almost half its value, and their heavily exposed banks ... . A full-blown collapse of Iceland's financial system would send shock waves across Europe, given [more...]

Date: 2008-10-07 22:54:53

TOPWRAP 1-More economic pain seen in 2009, govt’s to pump up aid

Investors said good riddance on Wednesday to one of the worst years on record and prayed that massive government rescue plans will pull the global ... U.S. investment banks Bear Stearns and Lehman Brothers and crippling the credit system that keeps the world economy humming. The U.S. S&P 500 benchmark has lost about 40 percent with just one tradi [more...]

Date: 2008-12-31 05:44:34

2009: Adapt, Improvise, Overcome

Just finished watching "Heartbreak Ridge" for the umpteenth time.Gunny Highway's motto came to mind in reading this article, sent by Spartacus, on what financial maven Karl Denninger saw in 2008 and sees in 2009:Where We Are, Where We're Heading (2009)Let's score the 2008 edition predictions first:US will enter a recession: Confirmed by NBER [more...]

Date: 2009-01-01 03:21:00

A Not-So Modest Proposal

Paul Brodsky & Lee Quaintance run QB Partners, a private macro-oriented investment fund based in New York.” > In our sparsely populated office – a beacon of both waste and hope – hangs a framed poster of Albert Einstein and his quote: “imagination is more important than knowledge [more...]

Date: 2008-11-12 12:00:28

Forex Trading Common Mistakes

Learning about the common mistakes made in foreign currency trading will help you to improve your skills and chances of being successful ... potential losses.- Abusing LeverageWith Forex brokers offering up to 400:1 leverage, it’s easy ... for trades based solely on what the technical indicators are telling us can result in large losses [more...]

Date: 2009-01-11 19:48:00

Forex Robot Makes Consistent Profits Through Money Management

by Richard U. Olson Money management programs for investors can be used to help them decide when they should buy or sell in order to make the ... and look on from an all encompassing long distance perspective. Forex automated trading systems analyze ... largest possible profit. Forex traders may find that an automated Forex trading system [more...]

Date: 2009-01-06 10:01:36

Thinkorswim- The Best Brokerage

by Walter Fox There was a time when people were not getting easy credit from financial institutions due to their rigid conditions ... trading business found great new methods of detection. Online option and people with the beginning of the trading system jumped into the fray. Within a few trading sessions, felt the importance [more...]

Date: 2009-01-06 13:51:33

Rural Electrificiation Corporation

Investors with a low-risk appetite can consider taking exposures in the State-owned Rural Electrification Corporation (REC) stock as it is trading at attractive valuations. High demand for funds on the back of huge capacity-addition targets, a relatively low cost of funds as it can float tax-free bonds, advances secured [more...]

Date: 2009-01-11 10:55:00

The article below, by Joe Nocera of the NYT, appears in today's Magazine section.  Nocera explains the role, and type, of financial models that contributed to the near demise of our heretofore much vaunted economy over the past three decades or so.  A highly inflated economy, based on "leverage" which is the fancy word for "debt," as in IOU [more...]

Date: 2009-01-05 05:58:36

Iceland goes bankrupt

I wonder which will be the next currency to go down: People go bankrupt all the time. Companies do, too. But countries? ... market and seized control of its last major independent bank. That brought trading in the country's currency to a halt, with foreign banks no longer willing to take Icelandic krona, even at fire-sale [more...]

Date: 2008-10-09 21:12:00

1/6/09 (U.S. Post! Apple & Jobs! Green Back?)

Traders, Yesterday saw some downside pressure, but a decent recovery in the late session. Other than the INDU most indices field pretty well. We did see the inversion of the dollar and pound vs. the Euro and it would seem that strength in the “green back” is predicated on optimism in coming new administration [more...]

Date: 2009-01-06 14:30:00

No relief in sight

By Guest author This is a guest essay from Dilip Hiro, author of Blood of the Earth: The Battle for the World's Vanishing Oil Resources (Nation Books). It was originally published on TomDispatch and is republished here with Tom's kind permission. ----- When will it end, this crushing rise in the price of gasoline, now averaging $4 [more...]

Date: 2008-07-16 21:15:55

When trading stops - Major stock exchange outages this decade

The recent world-wide financial chaos has reminded us how sensitive the stock market is, with sharp up- and downturns ... for more than three hours due to an outage caused by a software glitch. May 25, 2005: Moscow Interbank Currency ... -time stock prices to banks and brokerages. July 18, 2000: Frankfurt Stock Exchange Trading was stopped [more...]

Date: 2008-10-30 15:13:35

January 7, 2009

A ruffled mind makes a restless pillow. Charlotte Bronte (1816-1855)The Russian monopoly natural gas provider has turned off the gas to over one dozen countries, but it i the former ‘Soviet bloc’ countries, Serbia, Bulgaria et al that are taking the hit.   I think it’s also payback for those same Eastern European countries who have now gone Euro [more...]

Date: 2009-01-07 11:51:35

RPT-GLOBAL MARKETS-Dollar off, bonds up after Fed slashes rates

The U.S. dollar dropped to an 11-week low and government bonds rose on Wednesday after the Federal Reserve slashed rates, paving the way for Asian policymakers to take more aggressive steps to support growth. Stock markets in Japan and South Korea fell, with shares of car manufacturers under fire on faded hopes of an imminent U.S [more...]

Date: 2008-12-17 07:04:47

Top 2009 Stock: The U.S. Treasury Bond Bubble

Attempting to escape the clenches of the credit crunch, nervous investors ran screaming toward Treasury bills ... as commodities and housing stocks.You see, most bubbles form because people believe there's a lot of money to be made. But when the frenzy dies, as it did with commodities, prices come down... hard [more...]

Date: 2009-01-08 09:09:00

Top 2009 Stock: The U.S. Treasury Bond Bubble

Attempting to escape the clenches of the credit crunch, nervous investors ran screaming toward Treasury bills ... as commodities and housing stocks.You see, most bubbles form because people believe there's a lot of money to be made. But when the frenzy dies, as it did with commodities, prices come down... hard [more...]

Date: 2009-01-08 09:09:00

Option Greek In The Market

by Walter Fox Trading which is a practice dating way back in time involved the exchange of commodities by two or more people, ... their money, a market was created for stock brokers, trading methods, and helpers. Trading software was thus introduced to the share trading market. This software has been numerously tried and tested [more...]

Date: 2008-12-28 18:44:18

Предсказания Кюнстлера на 2009 - США, Нефть, Геополитика, Путин

Спонсор месяца - #1 RX pharmacy affiliate program!Сайт дня (как попасть) - http://www.business-magazine.ru/There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) [more...]

Date: 2009-01-01 07:59:00

Ramalinga Raju Satyam Chief Admits Huge Accounting Fraud

Please Digg this story if you like it... Satyam Computer Services, a leading Indian outsourcing company that serves more than a third of Fortune 500 companies, massively inflated its earnings and assets for years, the chairman and co-founder said Wednesday, roiling Indian stock markets and throwing the entire industry into turmoil [more...]

Date: 2009-01-07 12:36:00

Karachi's experiments with circuit breakers in 2008

by Junaid Khalid, MCB Asset Management Company Ltd.In a world where volatility skyrocketed while stock markets fell, ... to the buoyant stock market index. Poverty, inflation and currency depreciation were all pushed aside ... ' (badla) on your side. In India, badla trading ended in 2001, and was replaced by a world of rolling [more...]

Date: 2008-12-29 16:53:00

Stock Market Dictionary - M

MFifth letter of a NASDAQ stock symbol specifying that the issue is the company's fourth class of preferred shares. M1Measure of the U.S. money stock that consists of currency held by the public, travelers checks, demand deposits and other checkable deposits including NOW (negotiable order of withdrawal) and ATS (automatic transfer service) [more...]

Date: 2009-01-02 16:44:00

Forecast for 2009

Introduction       There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) is that our problems of finance and economy will self-correct and allow the project of a "consumer" economy to resume in "growth" mode [more...]

Date: 2008-12-29 03:33:57

The Essentials of Real Time Forex Charting

forex-chart.jpg Forex trader must have an understanding of technical analysis and in particular an ability to keep track of currency pairs by ... recognition for forex you will be well on your way to trading with confidence. Line charts are basic ... more information. Online forex charting conveys information about currency prices at specific time [more...]

Date: 2008-12-14 19:18:43

10 of the World’s Most Dramatic Financial Crises, and Their Lessons

Financial crises are consistent in one way, and one way only: They’re far more sexy when your neighbors are wearing them. When you suffer your own, runaway inflation becomes infuriating rather than exotic, and bogus bank scams go from intriguing to fist-clenching. It’s all fine and well until it hits you squarely across the jaw [more...]

Date: 2008-09-25 00:06:51

Ten Municipal Bankruptcies Stocks Expected in 2009

After a disaster of a year, 2009 isn't shaping up to be a walk in the park either.  Sure, Option ARM resets will wreak havoc on defaults and foreclosure rates, but that's the least of our concerns.Now, the accountant (who predicted the 1994 Orange County bankruptcy) believes we'll see up to 10 municipal bankruptcies in 2009 [more...]

Date: 2009-01-06 08:11:00

Ten Municipal Bankruptcies Stocks Expected in 2009

After a disaster of a year, 2009 isn't shaping up to be a walk in the park either.  Sure, Option ARM resets will wreak havoc on defaults and foreclosure rates, but that's the least of our concerns.Now, the accountant (who predicted the 1994 Orange County bankruptcy) believes we'll see up to 10 municipal bankruptcies in 2009 [more...]

Date: 2009-01-06 08:11:00

Ten Municipal Bankruptcies Stocks Expected in 2009

After a disaster of a year, 2009 isn't shaping up to be a walk in the park either.  Sure, Option ARM resets will wreak havoc on defaults and foreclosure rates, but that's the least of our concerns.Now, the accountant (who predicted the 1994 Orange County bankruptcy) believes we'll see up to 10 municipal bankruptcies in 2009 [more...]

Date: 2009-01-06 08:11:00

Over 11 million Americans are out of work.

Another half a million jobs lost… unemployment reaches new historic highsSo how long until people take to the streets? Army already plans to “quell civil unrest”Consumers, businesses borrow less… Bill Bonner on why government spending can’t cure private withdrawalHoping for an Obama rally? [more...]

Date: 2009-01-10 03:15:00

The Fish Standard

The Wall Street Journal's Justin Scheck reports: There's been a mackerel economy in federal prisons since about 2004, ... disappeared, inmates turned to other items on the commissary menu to use as currency. Books of stamps ... who advises people who are headed to prison. But in much of the federal prison system, he says, mackerel [more...]

Date: 2008-10-03 16:53:00

Government Will Not Target Sterling: UK

LONDON — The government will not set a target rate for the pound, and is instead focused on targeting inflation, ... has slashed interest rates, which are a major influence on currency trading, to two percent, the lowest level ... all kinds of problems," she added. In September 1992, international currency speculators forced [more...]

Date: 2008-12-14 14:38:30

Chronic Illness = 75% of Health Care Spending

Fighting Off Depression By PAUL KRUGMAN - The New York Times“If we don’t act swiftly and boldly,” declared President-elect Barack Obama in his latest weekly address, “we could see a much deeper economic downturn that could lead to double-digit unemployment.” If you ask me, he was understating the case [more...]

Date: 2009-01-07 12:15:00

Is Forex Trading Better Than Stocks

Stock ExchangesStocks are traded on stock exchanges. Most stocks are bought and sold through brokers who charge a commission or fee for this service ... Exchange, and the National Association of Securities Dealers Automated Quotation System (NASDAQ). Most stocks are listed only on 1 exchange.Long-Term Trading Vs. Day TradingStocks were traditionally [more...]

Date: 2009-01-05 02:41:00

Dandelion Salad by Petrino DiLeo http://socialistworker.org September 18, 2008 Petrino DiLeo looks at how politicians of both parties allowed an unregulated shadow banking system to take shape. IT’S UNTHINKABLE. The United States–the paragon of the “free market” and loudest proponent of neoliberal policies such as free trade, [more...]

Date: 2008-09-21 22:09:19

Shanoff's Wake-Up Call: Still USA Oops

Today's Calls: USA Hoops vs. USA Oops, Joe Alexander vs. Russell Westbrook, Shawn Marion vs. Jermaine O'Neal, Dan Haren vs ... . But, as we learned in 2004, stars don't equate to strategy. Here's my problem with USA Basketball's star system ... one team end up with ... both?! Hmm ... Hot Rumor: Knicks trading David Lee to the Grizzlies [more...]

Date: 2008-06-24 12:58:06

Some Thoughts on 2009

So much promise, so many risks. This is how 2009 is shaping up. While euphoria surrounding the Obama Administration's fiscal stimulus plans will drive the markets early in the year, I believe this rally will lose steam as massive deficit spending begins to shine a light on the greatest risk facing the US: debasement of the currency [more...]

Date: 2009-01-05 22:51:16

As Europe’s Banks Falter, Is There A Risk To The Eurozone?

“We do not have a federal budget, so the idea that we could do the same as what is done on the other side of the Atlantic doesn’t fit with the ... to destroy Europe’s monetary union. The enthusiasm for creating a single currency was unfortunately ... currency declined to a 14-month low against the dollar - hitting $1.3598 at 8:52 a.m. in London [more...]

Date: 2008-10-06 13:11:37

10 Things You Should Know About Bush’s Trillion Dollar Fleecing Plan

By AlterNet Staff, AlterNet. Posted September 23, 2008. Here’s a roundup of what opponents of the Bush-Paulson plan are saying. The Bush administration’s proposal to bail out some of Wall Street’s biggest players with an unprecedented transfer of public wealth to the private sector sent shock-waves throughout the nation [more...]

Date: 2008-09-23 14:46:31

Dollar’s Dominance Wanes

U.S. Department of Treasury (U.S. Department of Treasury) Part 1: U.S ... in trading this week. A big chunk of U.S. debt is owned by foreign investors whose currencies’ values ... status derives in part from the fact that the dollar is the world’s major reserve and trading [more...]

Date: 2008-09-23 16:00:57

Financial Bailout: Thanks but No Thanks - What Lincoln would have said by Ellen Brown

by Dr. Ellen Hodgson Brown featured writerDandelion SaladEllen’s post Sept 28, 2008webofdebt ... out the bazooka again and held it to Congress’s head. “Seven hundred billion dollars or your credit system ... the banking system.” Abraham Lincoln was faced with a similar situation when he stepped into the Presidency [more...]

Date: 2008-09-29 02:48:51

2030: Two billion new people to join the global middle class

(Dr. Benny Peiser) The world is in the middle of an unprecedented explosion in the middle class, but the pace is set to pick up significantly further ... ), was defined mainly by trade and was committed to the dollar as the central currency. Its major countries ... China, Saudi Arabia and Russia), is also defined by finance and is exploring currency alterna [more...]

Date: 2008-07-16 07:01:00

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