Latest Articles: Business/Finance
Carl Icahn Expects Major Stocks Correction in Next 3 to 5 Years Post Date: 2014-11-18 17:37:34 by BTP Holdings
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Carl Icahn Expects Major Stocks Correction in Next 3 to 5 Years Tuesday, 18 Nov 2014 08:15 AM Carl Icahn isn't forecasting a dramatic stock market drop quite yet but the billionaire investor is still bracing for a market sell-off in the next three to five years, he told Reuters. "I am still concerned that one day you'll see a break like you had a few weeks ago," Icahn said at the Reuters Global Investment Outlook Summit in New York, "but it won't come back." With the Standard & Poor's 500 index now up more than 10 percent for the year and trading at 2,041, many investors have put October's short-lived slide behind them, saying low interest ...
Congressional Study Shows Obama's Economy Sucks (surprise?) Post Date: 2014-11-18 17:28:28 by BTP Holdings
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Congressional Study Shows Obamas Economy Sucks (surprise?) | From the news story Duh! file: the Senate commissions a study about the current state of the economy. The report says that paycheck size, the job market, economic growth have been pathetic, small business is hurting, but Wall Street is doing great. (Hat tip to this story for the information source.) Really?!? This didnt take a genius to figure out, but maybe were expecting too much from a Democratically-controlled legislative body. After all, theyve repeatedly shown on other issues that facts are less important to them than ideological positions. Or maybe they know on which side their ...
The REAL Reason The Saudis Are Scared… Post Date: 2014-11-18 17:24:10 by BTP Holdings
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I call it the Houston Millionaires Club. And just days ago I broke into a closed-door meeting about the boom that made their fortune. Near the heart of Houstons downtown business district, I heard details on a moneymaking opportunity so lucrative, you and I may never see another one like it in our lifetime. Its a once-per-generation moneymaking opportunity. And were not just talking about a little chunk of change, here. This opportunity is minting millionaires. In the next few minutes, Id like to show you how to tap in to the same lucrative opportunity. With quick-strike, profit-gushing plays that could triple your money. And ...
Bank of China to clear RMB business in Sydney Post Date: 2014-11-18 06:55:50 by Tatarewicz
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BEIJING, Nov. 18 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, on Tuesday appointed Bank of China, one of the country's big four lenders, to clear yuan transactions in Sydney, Australia. The PBOC signed a memorandum of understanding (MoU) with the Reserve Bank of Australia on Monday in the Australian capital Canberra, authorizing the Sydney branch of Bank of China to clear yuan transactions, said the PBOC website. Under the agreement, China will also grant Australian banking institutions a 50 billion yuan (8.2 billion U.S. dollars) quota under the RMB qualified foreign institutional investors (RQFII) program and increased the maximum amount the Reserve ...
China opens up $4.2tn stock market to world via Hong Kong Post Date: 2014-11-18 06:32:51 by Tatarewicz
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RT... The Chinese mainland is now open for business, at least in terms of its $4.2 trillion capital market. The Shanghai and Hong Kong stock exchanges are now linked giving foreign investors access to the tightly-controlled Chinese capital markets. Stock Connect debuted on November 17, and for the first time, stocks on both markets can be traded freely, a major step in Chinas roadmap to liberalize its economy. The landmark agreement will give international investors a lot more options- 568 Shanghai-listed stocks and 268 Hong Kong-listed companies. Foreign investors will be exempt from paying taxes on capital gains (CGT). Previously, the trading of mainland Chinese stocks on the ...
“Silver Giveaway: Enter Now to Win 50 Silver Eagle Coins" Post Date: 2014-11-17 16:48:24 by BTP Holdings
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Click on the source link to enter. ;)
Shelby GT350 Mustang: The Legend Returns Post Date: 2014-11-17 15:35:52 by X-15
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One of the most iconic performance Mustang nameplates of all time is returning, Ford confirmed today with the reveal of the all-new Shelby® GT350 Mustang. The original Shelby GT350 introduced in 1965 established Mustangs performance credentials. The all-new Shelby GT350 Mustang, featuring the most powerful naturally aspirated Ford production engine ever, is a world-class performance vehicle, designed to tackle the planets most challenging roads an all-day track car thats also street legal. The new GT350 builds on Carroll Shelbys original idea transforming a great every-day car into a dominant road racer by taking advantage of a dramatically ...
Georgia developer still trying to build coal plant Post Date: 2014-11-16 02:24:28 by Tatarewicz
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Yahoo... SANDERSVILLE, Ga. (AP) Deep in rural Georgia, a developer is betting he can build one of the last new coal-fired power plants in the United States as the rest of the country moves away from the fuel. The project, which is being developed by Allied Energy Services, is an outlier. If constructed, Plant Washington would be one of just two planned coal plants in the United States to dodge pending rules from President Barack Obama's administration severely restricting carbon dioxide emissions. Carbon dioxide is the chief greenhouse gas blamed for global warming. Still, analysts question whether the estimated $2 billion project, which will be built near Sandersville, ...
New Obama Law (Bill "H.R. #2847") Could Usher in Collapse of U.S. Dollar Post Date: 2014-11-15 12:15:22 by BTP Holdings
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New Obama Law (Bill "H.R. #2847") Could Usher in Collapse of U.S. Dollar On July 1st of this year, H.R. Bill #2847 went into effect. This bill has the potential to make millions of Americans poorer - overnight. Even some liberals have called it a "nightmare and disaster." Get the facts to protect yourself here... Dear Fellow American, Hello. My name is Porter Stansberry. Fifteen years ago, I founded Stansberry & Associates Investment Research. It has since become the largest firm of its kind in the world. Today we have more paid subscribers than many of America's most popular newspapers, including Barron's and Investor's Business Daily. We ...
Email address ISIS Unveils Its New Gold-Backed Currency To Remove Itself From "The Oppressors' Money System" Post Date: 2014-11-14 06:56:52 by noone222
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It appears the rumors are true. Islamic State is set to become the only state to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group out of the oppressors money system. As Zaid Benjamin notes, ISIS releases details of its new currancy with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils It seems Alan Greenspan may have been on to something after all
Rememberwhat were looking at. Gold is a currency. It is still, by allevidence, a premier currency. No fiat currency, including ...
Beware the Money Illusion Post Date: 2014-11-13 17:38:34 by BTP Holdings
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Beware the Money Illusion By Jim Rickards A money illusion sounds like something a prestidigitator performs by pulling $100 bills from a hat shown to be empty moments before. In fact, money illusion is a longstanding concept in economics that has enormous significance for you if you're a saver, investor or entrepreneur. Money illusion is a trick, but it is not one performed on stage. It is a ruse performed by central banks that can distort the economy and destroy your wealth. The money illusion is a tendency of individuals to confuse real and nominal prices. It boils down to the fact that people ignore inflation when deciding if they are better off. Examples are everywhere. ...
Baker Hughes surges on Halliburton deal talk Post Date: 2014-11-13 17:27:37 by BTP Holdings
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Baker Hughes surges on Halliburton deal talk 1 Hour Ago According to Dow Jones, Halliburton is in talks to buy Baker Hughes. CNBC's Bob Pisani and CNBC contributor Jon Najarian provide insight into the possible deal. Poster Comment:Click on the source link to view video.
Steve Forbes' Event Stuns 35,000 Viewers Post Date: 2014-11-13 17:17:33 by BTP Holdings
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Click on the source link to view video.
Challenging inequality, the Uber way Post Date: 2014-11-13 08:50:00 by Tatarewicz
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/Yahoo News) There's a lot of talk in Washington these days about economic inequality, but not much by way of constructive ideas for how to reduce it. The loudest voices call for steeply higher taxes on wealth, which would certainly feel like justice except that even if you just transferred all those taxes directly to the poor, you might not actually do much to make middle-income Americans more secure. Others talk about reforming an educational system that was once the ladder for economic mobility, which probably gets us closer to an enduring solution, but that's politically divisive and will be a generations-long project, in any event. Now from the West Coast comes an ...
The Most Important Question about Gold and Silver Price Suppression, Answered! Post Date: 2014-11-11 12:15:00 by christine
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I was going to write on a different topic today, but I had someone ask me a question, prompted by an exchange hed read from a certain guru, Mr. Martin Armstrong. The exchange was about whether or not gold and silver were being actively suppressed by banks and governments. Armstrong continues to come against the argument of long-term suppression, but this shield brothers question is so crucial, that once I read it, I knew I had to write on this topic immediately. It is becoming more and more important every day, for everyone possible to understand why the manipulation is prosecuted and ongoing, even more than who is doing it or how. The question basically goes like this, and ...
ICBC to clear RMB business in Toronto Post Date: 2014-11-10 00:42:32 by Tatarewicz
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BEIJING, Nov. 9 (Xinhua) -- China's central bank on Sunday appointed the Industrial and Commercial Bank of China (ICBC) to clear transactions involving the country's currency, the Renminbi or yuan, in Canada's financial hub of Toronto. According to a memorandum of understanding (MoU) between the two central banks, the People's Bank of China (PBOC) decided to authorize the Canadian branch of ICBC to clear yuan transactions in Toronto, the PBOC said in a statement on its website. The PBOC signed the MoU with the Bank of Canada on Saturday, in which the Canadian central bank promised to support the establishment of a Renminbi clearing bank in Canada. Also on Saturday, the ...
Unbelievable: Obama "War Stock" Jumped 163% After Pentagon Spending Post Date: 2014-11-08 14:06:25 by BTP Holdings
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Unbelievable: Obama "War Stock" Jumped 163% After Pentagon Spending The Pentagon's doing something outrageous that's disrupting stocks all over the market. And a handful of "war stock insiders" are directly profiting. Had you done what people in the know did a few years ago, every $5,000 invested would be worth up to $51,050. But the Pentagon's about to make a critical move that could make you a whole lot more than that. What's the pentagon up to, and how does it directly affect you? Click here for the surprising proof. Sincerely, Joseph Schriefer, Publisher, Agora Financial Poster Comment:When there is talk of war, those stocks that are ...
Forget Bitcoin - This Cryptocurrency is Already Rivalling the U.S. Dollar Post Date: 2014-11-08 14:03:27 by BTP Holdings
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A rapidly evolving currency has Wall Street standing on its ear. Deutsche Bank, Royal Bank of Canada, Morgan Stanley, BlackRock, Credit Suisse, and Bank of America are quietly amassing positions. Forbes calls it "profit enhancing." Business Insider says it's "taking over our wallets." Bankrate.com says "You can beef up your individual retirement account with it." And it has begun rivaling the U.S. dollar in the wallets of the world's elite (including President Barack Obama). Wall Street Daily's Founder, Robert Williams, takes you inside this opportunity. And for the first time ever, he's speaking out about it. In his brand-new ...
Que Significa "Hormageddon" Viva Cuba! Post Date: 2014-11-08 13:56:47 by BTP Holdings
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"My idea, as the whole world knows, is that the capitalist system now doesn't work either for the United States or the world, driving it from crisis to crisis, which are each time more serious." -- Fidel Castro by Peter Coyne Dear Reader, Did we forget anything? Passport [ ✓ ] Toilet paper [ ✓ ] Alarm clock [ ✓ ] Old Man and the Sea [ ✓ ] On second thought
we'll leave the clock. TripAdvisor says trust theirs "at risk of missing your flight or train." But our trip coordinator emailed me saying that "Cuban flights rarely leave on time" anyway. Christopher Columbus was reported to look upon Cuba and say, ...
Remarks by HE Ambassador Ma Zhaoxu at the Launching Ceremony of How to Invest in Australia Post Date: 2014-11-07 22:53:35 by Tatarewicz
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It gives me great pleasure to launch the new book How to Invest in Australia and celebrate completion of this year-long project involving the Chinese Embassy and General Consulates in Australia, Australia-China Business Council, Chinese Chamber of Commerce in Australia and many Australian financial institutions, accounting, law and consulting companies. The purpose of this book is to provide Chinese investors with comprehensive information in relation to local rules and regulation, industrial overview, investment environment and corporate social responsibility, etc. It also includes some case studies which might be useful for Chinese investors in Australia. With this in mind, I would ...
Mexico cancels Chinese bullet train deal Post Date: 2014-11-07 07:49:17 by Tatarewicz
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News Home U.S. World Politics Tech Science Health Odd News Local Dear Abby Comics ABC News Yahoo Originals Photos Mexico City (AFP) - Mexico abruptly withdrew a multi-billion-dollar deal Thursday with a Chinese-led consortium to build the country's first bullet train after concerns were raised about the bidding process. The government had awarded the $3.75 billion contract to the China Railway Construction Corp. and four Mexican partners on Monday after the group had been the only one to submit a bid. But President Enrique Pena Nieto scrapped the deal to avoid "any doubts about the legitimacy and transparency" of the bidding process, said Transport Minister Gerardo Ruiz ...
The Dow is About to Plunge to 6,000! Post Date: 2014-11-05 17:20:07 by BTP Holdings
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The man who predicted nearly every major economic trend over the past 30 years...including the 1991 recession, Japan's lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the credit and housing bubble... Now predicts the DOW is going to crash. In fact, world-renowned economist Harry Dent says, "We'll see an historic drop to 6,000... and when the dust settles it'll plummet to 3,300. Along the way, we'll see another real estate collapse, gold will sink to $750 an ounce and unemployment will skyrocket... It's going to get ugly." Considering his near-perfect track record of predicting economic events ...
Move Over Bitcoin... Post Date: 2014-11-04 17:53:56 by BTP Holdings
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Click on source link to view video.
Chinese-led consortium wins bid to build Mexico's first bullet train project Post Date: 2014-11-04 08:21:38 by Tatarewicz
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MEXICO CITY, Nov. 3 (Xinhua) -- A Chinese-led consortium has won the bid to build Mexico's first high-speed train project, local media reported Monday. Mexico's Ministry of Communications and Transport (SCT) announced at a press conference that the group, which includes the China Railway Construction Corporation (CRCC) and a handful of Mexican construction firms had been granted the contract. The 50.8-billion-pesos (about 3.7 billion U.S. dollars) project involves building a bullet train line to connect the national capital of Mexico City with the growing industrial hub of Queretaro to the north by 2017. Upon completion, the bullet train service would cut travel time from about ...
Don't Even Think of Buying Gold Right Now Post Date: 2014-11-03 17:22:58 by BTP Holdings
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Do not buy gold right now. Just don't do it! The Midas metal has turned to fool's gold. It's sunk in the black night of a deep bear market-- and it's about to plunge even deeper. Over the next several weeks, the price of gold could threaten lows not seen since 2009, when it hovered around the $1,000 mark. And if you're thinking gold is a dirt-cheap bargain right now, think again... Word to the wise: don't bet on gold. If you already have, get out now. Look, I'm going to let you in on a little secret here: Gold is a commodity that trades in cycles, just like any other asset. And the evidence tells me it's heading down right now. If there's one thing I ...
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