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Latest Articles: Business/Finance
Russian bond auction flops
Post Date: 2015-01-22 04:23:13 by Tatarewicz
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Yahoo... Moscow (AFP) - Russia's first attempt to borrow on financial markets since November flopped on Wednesday as Moscow only raised a fifth of the amount it was seeking. The finance ministry, which had offered up to five billion rubles (66 million euros, $76 million) in bonds on the domestic market, in the end raised only 1.1 billion rubles. It also had to accept paying 15.27 percent interest on the bonds it was able to place, according to a statement. The plunge in the value of the ruble at the end of last year pushed Russia to halt raising funds on debt markets. Russia's economy is set for a sharp contraction of three percent this year according to the IMF, as plunging oil ...
Hacking The News
Post Date: 2015-01-20 17:08:33 by BTP Holdings
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Hacking The News UPI and New York Times hackedWith the majority of the news outlets sold-out to the liberal progressive movement, it’s become increasingly harder to get accurate news reports of what’s happening in the world around us. This is nowhere more clearly than in the world of politics. Everything that is done by every politician is spun by the spin doctors to show their particular ideological cant, regardless of what truly happened. Bad becomes good, good becomes bad and anything the Republican Party does is turned into pure evil, designed to destroy everyone except the wealthy. Forget about what’s really going on, all that matters in the news world is getting ...
Swiss Shocker Triggers Gigantic Losses For Banks, Hedge Funds And Currency Traders
Post Date: 2015-01-20 10:10:30 by Katniss
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Swiss Shocker Triggers Gigantic Losses For Banks, Hedge Funds And Currency Traders Michael Snyder Activist Post The absolutely stunning decision by the Swiss National Bank to decouple from the euro has triggered billions of dollars worth of losses all over the globe. Citigroup and Deutsche Bank both say that their losses were somewhere in the neighborhood of 150 million dollars, a major hedge fund that had 830 million dollars in assets at the end of December has been forced to shut down, and several major global currency trading firms have announced that they are now insolvent. And these are just the losses that we know about so far. It will be many months before the full scope of the ...
CIA Adviser: 'Economic Pearl Harbor' Will Strike America Soon
Post Date: 2015-01-19 17:14:38 by BTP Holdings
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Click on the source link to view video. ;)
Jim Rogers Lauds Indian Central Bank's Rate Cut
Post Date: 2015-01-19 16:55:25 by BTP Holdings
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Jim Rogers Lauds Indian Central Bank's Rate Cut Friday, 16 Jan 2015 09:59 AM By Dan Weil "I own Indian shares, but I am not overly optimistic on the India story. Prime Minister Modi has said a lot of good things. Unfortunately, he has not been producing any solid result yet." Investors should learn to sell short, Rogers notes, "because over the next couple of years, selling short is going to be very profitable." Indian stocks rallied the most in eight months Thursday, thanks to the rate cut. The S&P BSE Sensex index of Indian stocks has gained 34 percent in the last year. Some market participants were more enthusiastic than Rogers. "The cut signals ...
Oil prices may rebound in second half of 2015: IEA
Post Date: 2015-01-18 09:08:22 by Tatarewicz
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The International Energy Agency predicts that oil prices may increase in the second half of 2015. (File photo) The International Energy Agency predicts that oil prices may increase in the second half of 2015. (File photo) The International Energy Agency (IEA) has predicted that oil prices may increase in the second half of the year. "How low the market's floor will be is anybody's guess. But the sell-off is having an impact. A price recovery - barring any major disruption - may not be imminent, but signs are mounting that the tide will turn," the world’s leading energy forecaster said in its monthly report published on Friday. "A rebalancing may begin to ...
Oil price slump puts at risk clean energy push: experts
Post Date: 2015-01-18 08:48:40 by Tatarewicz
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Yahoo... Abu Dhabi (AFP) - Falling oil prices could have a negative impact on global efforts to develop renewable energy sources, experts warned Saturday at a conference in Abu Dhabi. Oil prices have fallen by almost 60 percent since June, crashing on worries over global oversupply and weak demand in a faltering world economy. Participants at the International Renewable Energy Agency (IRENA) conference that opened Saturday in the oil-rich United Arab Emirates (UAE) said the trend could spell doom for plans to shift to clean energy. The fall in oil prices could be a "game changer", Italy's Deputy Minister for Economic Development Claudio Vincenti told the two-day meeting. ...
Move Over Monopoly
Post Date: 2015-01-17 11:49:43 by BTP Holdings
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What’s this? Have Jim Rickards and our daily reckonings inspired a board game… in England? Allow us to backup, for just a second. By now, you’ve seen the image in these reckonings... Warning The warning comes via our own Jim Rickards, who wrote two best selling books on the coming monetary collapse. You can read his entire warning, and his supporting evidence, right here. It seems, in fact, that English board game makers have done much... Market Meltdown Boardgame The game is called Market Meltdown… and apparently it’s a hit with an area of England that’s home to bankers and hedge fund managers. “[P]layers start rich” explains a game ...
A Multi-millionaire’s Personal Blueprint For Surviving the Coming Currency Collapse
Post Date: 2015-01-17 11:45:35 by BTP Holdings
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“This is what I’m doing to protect my family and my finances—I recommend you do the same” Dear Fellow American, Do you believe America’s financial problems from 2008 have been fixed? Do you think we’ll have another banking crisis in the next few years, or a problem with our currency? If you are concerned about these possibilities, you are not alone. After all: What we are witnessing in America today is unprecedented. Our government has embarked on a gross, out-of-control experiment, expanding the money supply 400% in just six years, and more than doubling our national debt since 2006. It took our nation 216 years to rack up the first $8.5 trillion in ...
China launches tourist tax refund scheme
Post Date: 2015-01-17 05:04:19 by Tatarewicz
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BEIJING, Jan. 16 (Xinhua) -- Overseas visitors can now claim tax refunds on purchases across China, the Ministry of Finance (MOF) announced on Friday, to boost inbound trips and domestic consumption. According to the plan, foreign tourist and those from China's Hong Kong, Macao and Taiwan who have lived in the Chinese mainland for no more than 183 days -- can receive a rebate of 11 percent on consumer goods purchased at designated department stores. The minimum purchase for a tax refund is 500 yuan (about 82 U.S. dollars) at any one store in one day. The rebate covers everything apart from items prohibited from taking overseas in accordance with law. The refund will be paid in ...
Politics Secondary Factor in US-Saudi Arabia Oil Game
Post Date: 2015-01-17 02:59:08 by Tatarewicz
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MOSCOW, January 16 (Sputnik), Svetlana Alexandrova — Politics is far from being the most important factor in the recent decision made by the Organization of the Petroleum Exporting Countries (OPEC) not to cut oil output; it is really just about the money, international experts told Sputnik news agency. "I see no political agenda as a primary factor in the decisions made by countries, particularly Saudi Arabia and the United States," a Director of Labyrinth Consulting Services in Texas Arthur Berman told Sputnik on Thursday adding that the Saudis may have made the decision as Russia refused to join them in November of last year. When OPEC decided not to cut oil production ...
In Praise Of Price Discovery—–The Market Is Off Its Lithium
Post Date: 2015-01-16 08:26:47 by Ada
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This morning’s market is more erratic than Claire Danes off her lithium. Gold is soaring, the euro’s plunging, US treasury yields are in free fall, junk bonds are faltering, copper is bouncing, oil has rolled over, the Russell 2000 momos are getting mauled, the swissie has shot the moon, the Dow is knee-jerking down, correlations are failing……and the robo traders are flat-out lost. All praise the god of price discovery! For six years financial markets have been drugged into zombiedom by maniacal central bankers who have violated every known rule of sound money and financial market honesty. In expanding their collective balance sheets from $5 trillion to $16 trillion ...
New Geopolitical/Financial Bombshells
Post Date: 2015-01-16 07:24:20 by Stephen Lendman
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New Geopolitical/Financial Bombshells by Stephen Lendman January began with a bang. Oil and other key commodity prices keep heading south. Suggesting economic weakness. The Baltic Dry Index (BDI) provides "an assessment of the price of moving major raw materials by sea. Measuring demand for shipping capacity v. the supply of bulk carriers." Demand depends on amounts of cargo being shipped. Less demand, lower the index. From Thanksgiving to December 19, BDI fell 40%. Zero Hedge called it the fastest ever post-Thanksgiving collapse. Declines continued into January. Down to 749 from a one-year 1,621 high. Reflecting economic weakness. Yesterday, Switzerland's central bank ...
Experts Believe Planned Gas Hub in Turkey May Change Its Image in Europe
Post Date: 2015-01-16 05:42:30 by Tatarewicz
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Analysts from the Energy Policy Research Group at the University of Cambridge claim that creation of a gas hub in Turkey for Gazprom deliveries to Europe may change the Europeans' view of the country. MOSCOW, January 16 (Sputnik), Anastasia Levchenko — Creation of a gas hub in Turkey for Gazprom deliveries to Europe may change the Europeans' view of the country, as well as trigger the rise of energy bills, the analysts of the Energy Policy Research Group (EORG) at the University of Cambridge expressed their opinion to Sputnik Thursday. On Wednesday, the EU energy chief Maros Sefcovic and Russia's energy giant Gazprom head Alexei Miller held gas talks in Moscow. Miller ...
What’s Australia’s “Golden Cloud?”
Post Date: 2015-01-16 02:27:52 by Tatarewicz
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Checking in on the latest teaser from David Dittman's Australian Edge Posted on January 13, 2015 by Travis Johnson, Stock Gumshoe WP Greet Box icon Welcome! If you are new to Stock Gumshoe, grab a free membership here and join us to get our free newsletter alerts with new teaser answers and debunkings. Thanks! Several Gumshoe readers have been asking about the high-yield, high-safety pick being teased by David Dittman for his Australian Edge service — it’s touted as “The One Cloud Computing Stock to Buy Now,” and it’s a fairly easy stock for US investors to buy if they’re interested… … and we do love to at least throw a bone to our fabulous ...
UAE says OPEC will no longer shore up oil price
Post Date: 2015-01-15 06:44:16 by Tatarewicz
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Yahoo... Abu Dhabi (AFP) - The United Arab Emirates said on Tuesday that OPEC will no longer move to shore up crude prices, arguing that rising North American shale oil output needed to be curbed. World prices have been falling since June but the pace of the slide accelerated in November when the Organisation of the Petroleum Exporting Countries (OPEC) decided to maintain its production unchanged at 30 million barrels per day. Analysts say that richer cartel members like the UAE have been ready to accept the price fall in the hope that it will force higher-cost shale producers out of the market. "We cannot continue to be protecting a certain price," UAE Energy Minister Suhail ...
Solar, wind to become cheapest energy in Asia: scientists
Post Date: 2015-01-15 04:54:17 by Tatarewicz
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HELSINKI, Jan. 14 (Xinhua) -- Finnish scientists believed that renewable energy sources, such as solar and wind power, will become the cheapest energy for consumers in Asia in next 10 years, Finnish national broadcaster Yle reported on Wednesday. A joint project conducted by Finnish Technical Research Center (VTT), the Lappeenranta University of Technology and the University of Turku has successfully modeled comprehensive energy systems based entirely on renewable energy sources for China, South Korea and Japan, said Yle. The project has recently won an award in Japan for its pioneering simulation work. China, a leading energy consumer in the world, has become the world's largest ...
When $14 Trillion Goes "Poof"
Post Date: 2015-01-14 17:12:56 by BTP Holdings
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Well, now... It sure looks like a "risk-off" day. Indeed, there's a perfect storm of rotten news. And only yesterday, our Jim Rickards warned of a chilling possibility -- "an economic meltdown at least six times the size of the 2007 subprime mortgage meltdown." More about that in a bit. Let's get immediate matters out of the way first... "Dr. Copper" is looking positively sickly. If you haven't heard that moniker before, a quick explanation: Copper has a reputation as "the metal with a Ph.D. in economics." That is, as copper goes, so goes the economy... because copper is used in so many everyday industrial and consumer goods. Whether ...
DoubleLine's Gundlach: US Growth May Disappoint on Oil Drop Effect
Post Date: 2015-01-14 17:04:06 by BTP Holdings
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DoubleLine's Gundlach: US Growth May Disappoint on Oil Drop Effect Wednesday, 14 Jan 2015 07:17 AM Jeffrey Gundlach, co-founder of $64 billion investment firm DoubleLine Capital, said the U.S. economy may grow at a slower rate than economists expect this year, as falling oil prices hurt investment and hiring in the energy industry. While cheaper oil fueled growth in the final months of 2014, the decline has a “sinister” side that will ripple through the economy and prompt downward revisions to forecasts by the middle of the year, Gundlach said in a webcast. Stock markets may not continue their rally and yields on 10-year Treasurys may go lower before rising again, he said. ...
Oil Prices: What Goes Around Comes Around
Post Date: 2015-01-14 12:41:28 by Stephen Lendman
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Oil Prices: What Goes Around Comes Around by Stephen Lendman As this article is written, West Texas Intermediate (WTI) crude stands at $45.69 a barrel. Brent at $46.59. Down from their $114 a barrel 2014 high. Off 14% in 2015's first eight trading days. Steady at the moment as this is written. How low can prices go? Forecasts are suspect at best. Revised as conditions change. Especially when as fast-moving as now. The latest US Energy Information Administration forecast estimates an average $58 a barrel 2015 price. Around $75 a barrel in 2016. In October, the World Bank forecast $96 a barrel oil in 2015. In December, the IMF estimated $85 a barrel in 2015. Goldman Sachs cut its ...
China to start exporting domestically-made Volvos to US
Post Date: 2015-01-14 08:40:46 by Tatarewicz
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Presst5v,,, China is to start exporting domestically-manufactured Volvo sedans to the United States for the first time ever, the company has announced. Volvo Car Group’s president and chief executive officer, Hakan Samuelson, made the announcement at the Detroit auto show on Monday. Samuelson said the shipping of a new S60 model, manufactured in China, to the US will start in mid-2015. Volvo was purchased by China's Zhejiang Geely Holding Group Co. in 2010. The new S60s are to be built at a state-of-the-art factory in Chengdu, the capital city of Sichuan Province, under strict Volvo standards. "It's built like a Volvo in every way. You can't tell the difference ...
Iran will weather oil price slide, Saudi Arabia will suffer – Rouhani
Post Date: 2015-01-14 08:28:15 by Tatarewicz
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RT... Iranian President Hassan Rouhani said Tuesday that Iran can cope with the economic turmoil of falling oil prices, adding that Saudi Arabia and Kuwait will be harder hit. Rouhani said that while oil now only accounts for one-third of Tehran’s budget, some of the Gulf states are up to 95 percent reliant on it. “If Iran suffers from the drop in oil prices, know that other oil-producing countries such as Saudi Arabia and Kuwait will suffer more than Iran,” he said. He added that “Kuwait’s budget is 95 percent reliant on oil,” and 90 percent of Saudi Arabia’s “annual exports are related to oil.” READ MORE: Oil plummet: Crude dives below $45 ...
Target for Confiscation: Your Savings & Retirement
Post Date: 2015-01-12 17:54:26 by BTP Holdings
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Target for Confiscation: Your Savings & Retirement Written by Damon Geller The U.S. government and the Fed pumped trillions of dollars of YOUR money into the banks and stock market over the last several years, catapulting the U.S. debt to $28 trillion by 2018. But now, the U.S. government and the Fed are completely out of ammo, with the Fed no longer able to buy U.S. treasuries. They desperately need money to maintain their own power, and taxes are not enough. So in order to keep the Ponzi scheme going, the U.S. government has made several highly controversial moves to make your savings & retirement accounts a prime target for confiscation. And it’s becoming clearer by ...
The Rule of Threes in 2015
Post Date: 2015-01-12 17:44:02 by BTP Holdings
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The week is off to a rocky start for stocks. Falling oil prices are dragging down energy shares, which are dragging down the rest of the market. At last check, crude has slipped below $46 a barrel for the first time since April 2009. Thus is the S&P 500 adding to Friday's losses, down nearly 1%, to 2,026. "Most investors would be much better heading for the hills in 2015," says Zach Scheidt -- weighing in with the latest of our team's forecasts for the year. Zach is the newest member of the Agora Financial editorial team, specializing in income. We'll tell you about his background in a bit. But with a forecast this bold, we figure we should cut to the chase. ...
100 Years of Dollar Collapse...
Post Date: 2015-01-12 17:35:41 by BTP Holdings
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After 100 Years of Dollar Collapse ... Use this Legal "Trick" to Move Your IRA or 401(k) to Gold Ron Paul recently told us that we will soon experience a "major crash of the dollar." Could the "dollar crash" come in 2014? Or has it already begun ... 100 years ago?? Consider: Four cents. FOUR CENTS. That's how appallingly little a dollar from 1913 is worth today. If you too are disturbed: Thanks to this legal "trick" in IRS Code, now you can protect your IRA or 401(k) with gold and silver – one of the few things people trust when all else fails. ==> Here's the legal way to get out of the dollar and into gold (before it's too late) ...
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