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Latest Articles: Business/Finance
2008 Redux?
Post Date: 2014-10-16 15:47:26 by Stephen Lendman
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2008 Redux? by Stephen Lendman Headlines aren't reassuring. They're unnerving. Today's Wall Street Journal headlined "Stocks Swoon in Frenzied Trading." "Dow Slides More than 450 Points Before Climbing; Treasury Yields Touch 16-Month Low." Doing so shows low growth expectations. Maybe heading for decline. Economist John Williams calls GDP guesstimates "the most worthless of economic series." They over- estimate growth. They show it in times of decline. On Thursday, the Financial Times headlined "US and European stocks resume slide." Wednesday's Dow "had its biggest intraday fall for three years." The headlined story was ...
Global oil glut sends prices plunging to 5-year low
Post Date: 2014-10-16 07:06:47 by Tatarewicz
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RT... Oil prices have hit a 5-yr low after the International Energy Agency (IEA) predicted a sharp drop in global oil consumption, cutting its forecast for global demand growth by about 22 percent. The Paris-based energy watchdog cut its forecast for world oil demand this year by 250,000 barrels a day, according to its monthly report, published Tuesday. In response, Brent crude tumbled below $87 per barrel, and at the time of publication, was trading at $84.04 per barrel. That is more than a 27.5 percent drop since June, when turmoil in Iraq drove up prices to $116 per barrel. The monthly IEA report predicts oil supply and suggests the massive increase in production will further drive ...
The Magical Power of Ghost Income
Post Date: 2014-10-15 17:01:18 by BTP Holdings
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Click on the source link to view video.
70% Stock Market Crash Imminent - CIA Insider Warns
Post Date: 2014-10-15 16:47:29 by BTP Holdings
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Every American must see this story immediately. The CIA's Financial Threat and Asymmetric Warfare Advisor has come forward with shocking evidence that predicts a 70% stock market crash is imminent. But that's only the beginning. At this moment, he and many of his colleagues in the highest ranks of the U.S. intelligence community are preparing for what he says is an unavoidable $100 trillion meltdown... One that will plunge our country into the darkest economic period we've ever witnessed... A 25-year Great Depression. You need to understand what's developing. So we had this CIA insider go on the record with us. Click here to continue reading... ...
Passing on Thorium Investing is a HUGE Mistake.
Post Date: 2014-10-15 06:29:10 by Tatarewicz
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Ad from RT Simply sign up to receive our daily e-Letter Energy and Capital to get our thorium research report. Passing on Thorium Investing is a HUGE Mistake. Don't Leave Your Potential Gains on the Table Your email address: (Must be valid, will be verified) October 15th, 2014 The dangers of nuclear energy have been on the minds of top officials the world over since the Fukushima Daiichi disaster in 2011. Few will soon forget that meltdown – or the ongoing issues it is causing, as contaminated water piles up in storage tanks. It's happened before, and it could happen again... What if another Superstorm Sandy arrives, this time headed for a nuclear site? That's what ...
Oil prices may stabilize at $76-77 per barrel, Kuwaiti oil minister says
Post Date: 2014-10-14 21:08:05 by Tatarewicz
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Pravda.Ru World oil prices will continue to decline and will stabilize and grow again only when winter begins, Kuwaiti Oil Minister Ali Al-Omair said. The official also said that the OPEC was unlikely to agree on the coordinated reduction in oil production. "I do not think there is a possibility for OPEC countries to cut production, especially given the fact that current quotas in OPEC amount to 30 million barrels a day, and this limit has not been exceeded yet. If we could do something to stabilize prices or try to bring them back to previous levels, we would not hesitate to make that step. However, the current decline in oil prices is not a consequence of OPEC's ...
Tmall announces global free delivery promotion
Post Date: 2014-10-13 19:58:28 by Tatarewicz
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HANGZHOU, Oct. 13 (Xinhua) -- Tmall International, Alibaba's platform that provides commodities produced or sold in overseas markets, announced on Monday that it will offer free delivery worldwide for products ordered on Nov. 11, an annual day of online shopping promotions in China. The move is part of Alibaba's strategy of developing business abroad after its historic New York IPO on Sept. 19 raised 25 billion U.S. dollars and made Alibaba the world's second-largest Internet company in market value. The only goods not included in the free delivery deal for the "Double 11 Shopping Festival" will be very large items. "When Alibaba held roadshows [for the ...
China raises resource tax to 6 pct for crude oil, natural gas
Post Date: 2014-10-13 19:39:44 by Tatarewicz
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BEIJING, Oct. 12 (Xinhua) -- China will lift a resource tax on crude oil and natural gas from 5 percent to 6 percent starting on Dec. 1, in an effort to boost energy conservation, according to taxation authorities. The change has marked the nation's latest effort in pushing forward resource tax reforms, after authorities announced on Saturday a new tax on coal that will be based on sales rather than production as of Dec. 1. The new resource tax rate on coal will be between 2 to 10 percent and the tax rate will be decided by provincial governments within the range, according to the Ministry of Finance (MOF) and the State Administration of Taxation (SAT). China had introduced a ...
Jim Rickards on How the Dollar Will Lose Its Reserve Status
Post Date: 2014-10-11 14:59:20 by BTP Holdings
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Jim Rickards on How the Dollar Will Lose Its Reserve Status Jim Rickards on How the Dollar Will Lose Its Reserve Status by Alex Daley. Posted Oct 8, 2014. Isat down with Jim Rickards, author of many best-selling economics and investing books, including his latest, titled The Death of Money. In this exclusive interview, Jim shares his view on the changes in US foreign policy — the newly announced partnership with Iran to help fight ISIS and recent moves away from the petrodollar deal with Saudi Arabia — and what they mean for the dollar, gold, and investment markets in general. This interview just scratches the surface of the topics Jim covered in his speech at the most ...
Iran, Russia planning to establish joint bank
Post Date: 2014-10-11 06:55:22 by Tatarewicz
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PressTV... Iran and Russia plan to establish a joint bank as an effort to multiply bilateral trade and bypass sanctions on the Islamic Republic’s banking sector. Head of the Iran-Russia Joint Chamber of Commerce Asadollah Asgaroladi said that Tehran and Moscow are studying the possibilities of opening a new chapter in trade relations that could break the domination of Western currencies over bilateral exchanges. “Since Russian banks fear the implications of working with Iran due to sanctions, we want to establish the joint Iran-Russia bank with the help of our central banks and private sectors,” Asgaroladi said. “Such a bank would be able to exchange money between ...
Lies, Lies and More (Government) Lies
Post Date: 2014-10-10 11:56:09 by Ada
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They are at it again. Lying to us about the deficit, that is. The polls all say that the American people have grown far more skeptical about their government. It’s a good thing. They are lying to us as though we are school children that have yet to master simple addition and subtraction. The government’s Fiscal Year 2014 ended about a week ago, on September 30. On October 1 Fiscal Year 2015 began. We’ll get the final numbers on the 2014 deficit in a few days. But already the cheering has begun. For example the Daily Beast announced on Monday that, “It’s time to retire the phrase ‘trillion-dollar deficit’ from our political vocabulary.” Instead ...
Jim Cramer: 'You Can't Retire Without Owning Stocks'
Post Date: 2014-10-09 17:09:04 by BTP Holdings
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Jim Cramer: 'You Can't Retire Without Owning Stocks' Thursday, 09 Oct 2014 07:00 AM By Dan Weil The S&P 500 index may have dropped 4.3 percent from its Sept. 19 record peak, but that doesn't mean it's time to give up on stocks, says CNBC commentator Jim Cramer. "You simply can't make enough money in any other asset class to be able to retire without owning stocks," he explains. Cramer offers a simple test to determine whether their stock portfolio is sound. "Know what you own," he insists. "Describe it to me. Tell me what it does and why you bought it, and give me a three-sentence pitch about why it's good." If you can ...
Better Than Bitcoin?
Post Date: 2014-10-09 16:57:30 by BTP Holdings
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Better Than Bitcoin? Some people think the digital money known as Bitcoin could replace our dollar-based monetary system. But the man who advised the Pentagon during its first-ever currency war simulation says that's wrong. Instead, he believes a new kind of "money" will replace the dollar. It's a currency that was developed by a powerful group of 24 people who oversee the international monetary system. And it has nothing to do with bitcoins, gold, euros, Chinese yuan or anything you may have heard from the mainstream media. It's unlike anything we've ever seen before. How will this new currency impact your retirement? Will you be able to invest in it? And ...
Flip Your Dollars for Gold
Post Date: 2014-10-09 16:45:00 by BTP Holdings
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Back in May, I told you to ditch your gold for greenbacks. At the time, gold was sinking below $1,260 for the first time in months. The dollar looked like it was poised for a major breakout toward its 2013 highs. And virtually no investors were remotely interested in these developments... Of course, a lack of publicity didn't stop the market forces that were already in play. Gold tripped another 5% and sank toward its lows. And the dollar exceeded all expectations, rocketing to levels not seen since 2010. "Just a few weeks ago, many analysts were talking about a potential breakdown in the dollar," I wrote to you on May 30th. "But things aren't always as they first ...
Crowning the Dragon: World's Top Economy
Post Date: 2014-10-09 07:53:28 by Stephen Lendman
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Crowning the Dragon: World's Top Economy by Stephen Lendman It was just a matter of time before China surpassed America as the world's leading economy based on purchasing power parity (PPP). It's an exchange rate between currencies measured by the cost of a representative basket of goods in one country v. another. Surprisingly, China's growth happened faster than experts expected. In 2011, IMF economists estimated it would overtake America in 2016. At the time, they projected its PPP GDP at $18,975.7 trillion v. $18,807.5 trillion for America. They now estimate America's 2014 PPP GDP at $17.4 trillion v. $17.6 trillion for China. The speed of China's growth is ...
World is in currency war between US, China, Russia, Japan: Economist
Post Date: 2014-10-09 06:13:58 by Tatarewicz
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PressTV... An American economist has said that the world is in a currency war between the United States, China, Russia, and Japan, questioning the countries’ economic growth. “The world is unfortunately in a currency war between the US, Japan, China, and Russia, keeping the interest rates very low and increasing the supplies of money and credit beyond normal, sustainable limits,” said Mark Thornton, senior fellow with the Ludwig von Mises Institute in Alabama and a research fellow with the Independent Institute in California. Thornton made the comments following a report by the International Monetary Fund that China has overtaken the US as the world’s largest economy. ...
'Great Wall-dorf Astoria: US trading its crown jewels for trinkets'
Post Date: 2014-10-09 05:49:25 by Tatarewicz
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RT... The selling of the Waldorf Astoria hotel in New York to a Chinese company means the end of the US iconic property, sold for the money American shoppers spent on goods made in China, Curtis Ellis, Executive Director of the American Jobs Alliance, told RT. Beijing’s Anban Insurance company has bought the Waldorf Astoria hotel, for $1.95 billion. It is the highest price ever paid for a US hotel, and is the largest acquisition of an American property by a Chinese buyer. Between March 2013 and March 2014 the Chinese spent $22 billion on buying US homes, according to the National Realtors Association. RT: New York's famous and iconic Waldorf Astoria hotel is being snapped up by ...
Great “Disturbances” in the Markets?
Post Date: 2014-10-08 17:35:47 by BTP Holdings
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Great “Disturbances” in the Markets? Dear Daily Reckoning Reader, Hang on tight. This roller coaster market is about to go for a few more loops. Check this out… According to one of our top analysts, a major U.S. government agency is scheduling "disturbances" in the stock market on these exact dates: •Monday, Oct. 20, 2014 •Wednesday, Nov. 5, 2014 •Friday, Dec. 5, 2014 •Tuesday, Dec. 23, 2014 •Tuesday, Dec. 30, 2014. This analyst believes these "disturbances" are BAD news for some investors… But they could be very GOOD news for those in the know… Remember, you have only weeks to prepare. Know what could ...
IMF Joins Fed Raising Caution Flags on Stock Bubbles
Post Date: 2014-10-08 17:02:45 by BTP Holdings
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IMF Joins Fed Raising Caution Flags on Stock Bubbles Tuesday, 07 Oct 2014 06:48 PM Everyone has an opinion on the stock market nowadays. Three months after the Federal Reserve said prices were stretched in some stocks, the International Monetary Fund weighed in with its own warning Tuesday, saying the risk of equity losses in 2014 has risen and stock valuations may be “frothy.” Pushed also by global economic concerns, the Standard & Poor’s 500 Index opened lower and was down 1.5 percent at 1,935.10 at 4 p.m. in New York. While caution on valuations comes as policy makers debate whether six years of near-zero interest rates are inflating bubbles, acting on the ...
The Unavoidable Truth
Post Date: 2014-10-08 01:35:09 by James Deffenbach
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Kudlow: 'Subsidizing Non-Work' Hobbles Labor Market
Post Date: 2014-10-07 18:01:44 by BTP Holdings
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Kudlow: 'Subsidizing Non-Work' Hobbles Labor Market Monday, 06 Oct 2014 07:05 PM By Dan Weil "We still can't seem to stop the hemorrhaging of people dropping out of the labor force," asserts Larry Kudlow, the CNBC senior contributor and syndicated host of "The Larry Kudlow Show" on Cumulus Radio. During an appearance on "The Steve Malzberg Show" on Newsmax TV, Kudlow made it clear that he isn't among the many economists who raved over the stronger-than-expected jobs report for September, which was released by the government Friday. Kudlow noted that the labor-force participation rate fell to a 36-year low of 62.7 percent during the month. ...
Bible clues can make you rich - From Gumshoe
Post Date: 2014-10-07 03:21:21 by Tatarewicz
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“Master Plan for America’s Recovery on page 638 of the Holy Bible?” (Mitchell Clark) Sniffing out Clark's teaser pitch for the "America's Redemption" oil stock Posted on October 6, 2014 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! I should probably confess, before I get into today’s teaser sleuthification, that I don’t like organized religion. Disorganized religions are fine, because they don’t get together and try to figure out how to enroll other people (like me) in their ...
Here's How to Play Fear...
Post Date: 2014-10-06 17:00:12 by BTP Holdings
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Here's How to Play Fear... •A make-or-break bounce •Gauging extreme emotions •Plus: No disrespect, but you're an idiot... Greg Guenthner coming to you from Baltimore, MD... Traders are freaking out... All last week, stocks continued to slip. The market looked like it was falling apart at the seams, and many traders and investors were bracing for a nasty correction as we entered one of the most feared months of the year. The only question investors wanted answered was how low will prices go from here? Of course, plenty of spooked traders punched the "sell" button early last week. Frankly, I don't blame them. It's easy to get caught up in ...
Strengthening Sino-Russian Ties
Post Date: 2014-10-05 13:01:51 by Stephen Lendman
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Strengthening Sino-Russian Ties by Stephen Lendman On October 2, Vladimir Putin participated in the VI Russia Calling! Investment Forum. It focuses on attracting foreign capital. It discusses ways to increase investments in Russia's economy overall. Efforts so far proved successful. Opportunities in a resource rich country like Russia are huge. According to Putin, "many serious investors and our country’s partners of long standing continue increasing their investment in various sectors of the Russian economy." At the same time, "(e)xternal limitations have an adverse effect not only on Russia’s economy, but also on that of the whole world," he said. ...
The Path to $60 Oil Starts Here
Post Date: 2014-10-04 12:04:18 by BTP Holdings
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The Path to $60 Oil Starts Here •A new “point of reckoning” •Crude could get 30% cheaper •Plus: A small-cap comeback? Greg Guenthner coming to you from Baltimore, MD... Greg Guenthner Greg Guenthner Yesterday for the first time since April 2013, crude's spot price dropped below $90. It's back above that mark this morning—but the damage is done. Oil's breakdown could take crude lower. Much lower. In fact, according to a report from one of our experts that's currently making the rounds at the office, oil might have just punched its ticket for a one-way trip to $60. "Simply put, America is bursting at the seams with oil," ...
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