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Latest Articles: Business/Finance
Can Asian-Style Capitalism Save the West?
Post Date: 2012-08-05 03:52:44 by Tatarewicz
5 Comments
As you can imagine, the people out in Asia are feeling pretty good about themselves these days. And why shouldn’t they? While the U.S. and Europe struggle with debt, unemployment and sagging competitiveness, most of Asia seems to jump from strength to strength, its economies powering through the downturn with apparent ease, its companies becoming more and more prominent on the world stage. So it’s no wonder that many Asians have come to believe that their economic systems are superior to those of the U.S. and Europe — and that policymakers in Washington, London and Berlin should finally sit up and pay attention. For decades, Asia had been schooled in the wonders of free ...
Bankers Arrested In Iceland, Ireland, UK, USA, Switzerland, India, France, Russia, Austria...VIRAL 4
Post Date: 2012-08-04 15:03:22 by HAPPY2BME-4UM
6 Comments
Poster Comment:---------------------------------------------- Time Geithner and his buddies have no fear of being arrested here in the USA, right?
Philippines part of Asia's economic boom
Post Date: 2012-08-04 07:00:04 by Tatarewicz
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I was sitting in a Chinese restaurant in Honolulu with new friends. And as often happens, the conversation turned to investing. One of my dinner mates had his own favorite idea: the Philippines. It might sound far-fetched, but the proof is in the eating. The Philippine stock market is among the best performing in the world this year. Its economy is one of the few Asian economies that will grow faster this year than last. The Philippine peso is the best-performing currency against the dollar this year, with a 5% gain. The man putting forth the Philippines idea is an ex-banker, among other things. He has interests and connections in Manila. He has been back in forth dozens of times over the ...
Bazooka Economics
Post Date: 2012-08-04 03:54:45 by Stephen Lendman
1 Comments
Bazooka Economics by Stephen Lendman Did he or didn't he? ECB president Mario Draghi promised "whatever it takes." Great expectations arose. August 2 was D-Day. Fizzle followed sizzle. Bazooka plans stalled. More on Draghi's pronouncement below and what it means. Europe's economy is broken. Monetary intervention solved nothing. Core problems fester and grow. Contagion spreads everywhere. Effective solutions are absent. Bankers are prioritized over sound economics. Western policy makers march to the same drummer. Ordinary people suffer. Poverty, unemployment, and deprivation grow exponentially. Nothing ahead looks promising. On August 2, Draghi spoke. Markets want ...
global trade - oil price Parts III & IV
Post Date: 2012-08-03 05:12:25 by Tatarewicz
0 Comments
The role of government should be to get the hell out of the way and let the free market work. If peak oil really is a problem (and I think it is), the free market will come up with a solution if left alone. Instead, the government is trying to pick winners. Look at the results. President Obama backed solar panel manufacturer Solyndra and the DOE loan guarantee scheme blew sky high. Our ethanol program is a total disaster. By government mandate, corn has been diverted to ethanol production smack in the midst of a drought. Corn is not an efficient way to produce ethanol, even if there was not a drought. Governments seldom back winners. Instead, government bureaucrats back companies that ...
Is global trade about to collapse? Where are oil prices headed?
Post Date: 2012-08-03 04:44:57 by Tatarewicz
0 Comments
Pages: 1234 As markets continue to yo-yo and commentators deliver mixed forecasts, investors are faced with some tough decisions and have a number of important questions that need answering. On a daily basis we are asked what's happening with oil prices alongside questions on China's slowdown, which commodities or instruments will provide safety in the current environment, will the Euro-zone split in the future and what impact the presidential election is going to have on the economy and markets? To help Oilprice.com look into these issues and more we were fortunate enough to speak with the award winning economic commentator Mike "Mish" Shedlock. Mike's blog: ...
S&P cuts outlook on 7 Canadian banks
Post Date: 2012-08-02 04:42:19 by Tatarewicz
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Agency cites high housing prices, consumer debt; Scotiabank, RBC, TD among listed institutions Ratings agency Standard & Poor's has revised its outlook downwards on seven Canadian financial institutions, citing high housing prices and consumer debt. S&P affirmed the ratings for Bank of Nova Scotia, Central 1 Credit Union, Home Capital Group Inc., Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada and Toronto-Dominion Bank, but in each case it cut its outlook from stable to negative. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ "A prolonged run-up in housing prices and consumer indebtedness in Canada is in our view contributing to growing ...
Unilateral Free Trade
Post Date: 2012-08-01 08:28:45 by Ada
1 Comments
The Only International Economic Policy That a Country Needs: "Mind Your Own Business and Set a Good Example." The international economic scene is dominated by state interventions at all levels. Daily we read of disputes over exchange-rate manipulation, protectionist tariffs followed by retaliatory tariffs, highly regulated free-trade blocs that erect trade barriers to nonbloc nations, bilateral trade agreements, and more. For instance, Great Britain is a member of the European Union (EU) but not of the European Monetary Union (EMU), meaning that it abides by all the regulations and pays all the assessments to remain a member of the EU in order to trade freely with the other ...
The Money Masters - How International Bankers Gained Control of America
Post Date: 2012-07-31 15:50:14 by christine
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video.google.com/videoplay?docid=-515319560256183936Poster Comment:I had forgotten how good this documentary is. It's 3+ hrs, but well worth the time. It's very educational with good historical references.
A Food Report
Post Date: 2012-07-31 08:42:17 by Ada
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As a general rule, the most successful man in life is the man who has the best information Because of the worst drought since 1988 the U.S. Department of Agriculture declared a federal disaster area in almost one-third of all the counties in the United States - more than 1,300 counties covering 29 states, the largest disaster declaration ever made by the USDA. Only in the 1930s and 1950s has a drought covered more land. The United States Drought Monitor shows 88 percent of corn, and 87 percent of soybean crops are in drought-stricken regions. This map show the counties affected: Click for Full Text!
Romney "company" requires workers to train Chinese replacements
Post Date: 2012-07-31 04:18:18 by Tatarewicz
1 Comments
FREEPORT, Ill. - Workers at a Bain Capital-owned company here are demanding that Mitt Romney come to this town and stop the planned shipping of their jobs overseas. Romney, the Republican presidential candidate, owns millions of dollars worth of Bain funds. Bain holds a controlling stake in Sensata Technologies, the Massachusetts-based company that is firing 170 workers at its plant here and shipping their jobs to China. Determined to fight back, workers began this week unfurling signs and banners outside the plant demanding that Romney come to meet with them and stop the outsourcing of their jobs. The workers' decision to publicly expose Romney's role in their pending layoffs ...
Iran sentences 4 people involved in biggest bank scam to death
Post Date: 2012-07-31 01:23:59 by Tatarewicz
2 Comments
Of 39 defendants, whose charges were heard, the court’s judge has sentenced four to death and two others to life imprisonment. The remaining defendants received prison terms of 25 years, 20 years, 10 years, and less [severe sentences].” Iran's Judiciary Spokesman Gholam-Hossein Mohseni-Ejei Iran's Judiciary spokesman says a Tehran court has sentenced to death four people convicted in the biggest embezzlement case in the country’s banking history. “Of 39 defendants, whose charges were heard, the court’s judge has sentenced four to death and two others to life imprisonment. The remaining defendants received prison terms of 25 years, 20 years, 10 years, ...
Are Fiat Currencies Headed for a Collapse? (From CNBC)
Post Date: 2012-07-30 10:56:27 by christine
2 Comments
As the investment world eagerly awaits more stimulus, a debate on a previously unthinkable topic has started to emerge – can fiat currencies survive round after round of debasement? Some heavy hitters say the answer is no. A fiat currency derives its worth from the issuing government - it is not fixed in value to any objective standard. That means central banks can print as much money as they want. If an economy is struggling, injecting more notes into the system juices activity but lowers the value of the currency in question. With major central banks all desperate to stimulate their economies, some say currencies have entered a dangerous new phase often described as a race to the ...
Emergency Central Bank Intervention Coming?
Post Date: 2012-07-30 03:20:49 by Stephen Lendman
0 Comments
Emergency Central Bank Intervention Coming? by Stephen Lendman Greece is a corpse. It's waiting for its obituary to be written. Spain is on life support. Portugal and Ireland are wheezing. Italy is breathing hard. Britannia is sinking. America isn't far behind. Progressive Radio News Hour regular Jack Rasmus said significant private sector job creation, housing recovery, and state and local government spending increases followed 11 post-war recessions. In contrast, Obama's first term achieved nothing. "There have been no effective jobs program, housing- foreclosures solution program, or state-local government spending program. That tripartite failure is at the heart of ...
Energy Sector is Keeping the U.S. Out of Recession
Post Date: 2012-07-29 08:08:59 by Tatarewicz
1 Comments
While speculation swirls in the financial world about the potential for QE3, a new report from Bank of America/ Merrill Lynch is drawing attention to a $900 million per day boost to our economy. It is affecting virtually every American and it doesn't involve central bank intervention or an increase in the dangerously bloated U.S. dollar monetary base. The new global energy report outlines the benefits reaped by U.S. businesses and citizens from rapidly developed domestic energy production. The $900 million figure was determined by combining the difference between U.S. and international natural gas and oil prices, increased fuel exports revenue and decreased energy imports. ...
BHP Billiton likely to delay Olympic Dam $30b expansion decision: report
Post Date: 2012-07-28 04:09:45 by Tatarewicz
0 Comments
SYDNEY, July 28, 2012 (Reuters) — BHP Billiton (BHP.AX) (BLT.L) is likely to delay a decision on a $30 billion proposed expansion of the Olympic dam mine in South Australia, a newspaper said, months after it scrapped a capital spending plan citing tough economic conditions. A decision by the world's biggest miner on whether to proceed with the proposed expansion of its copper and uranium mine will not be made until 2014 rather than by the end of this year, as previously stated by the company, the Australian reported on Saturday, citing documents it had obtained. The document said BHP's uranium division confirmed the deferral and said a recruitment freeze was now in place on ...
U.S. freezes assets of suspected insider traders in CNOOC-Nexen deal
Post Date: 2012-07-28 03:41:42 by Tatarewicz
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WASHINGTON, July 27 (Xinhua) -- The U.S. Securities and Exchange Commission (SEC) said Friday that it has obtained an emergency court order to freeze the assets of traders suspected of trading on inside information ahead of a deal between a Chinese and a Canadian oil company. The action came four days after China National Offshore Oil Corporation (CNOOC) and Nexen announced that the former had agreed to acquire the latter for about 15.1 billion U.S. dollars. The SEC alleged in a complaint that Hong Kong-based firm Well Advantage and other unknown traders stockpiled shares of Nexen stock based on confidential information about the deal in the days leading up to the July 23 announcement. ...
Snippits from Agora's Vancouver Wealth Conference
Post Date: 2012-07-27 04:34:59 by Tatarewicz
0 Comments
Byron King — “You didn’t build that, Uncle Sam.” I’m inclined to agree with Eric Fry’s characterization of Byron King, Editor of Outstanding Investments, as “the most interesting man in the world.” Byron’s a former Navy jet pilot, a geologist, a lawyer, and a semi-pro historian... But until Eric introduced him on stage this morning, I didn’t know he could teach a dog to bark in Spanish! Whether he can or not, Byron’s immensely informative, graphically intensive presentation began with a comparison between the U.S. and King Kong. The parallels are frightening: Both are too big for their own good, and fighting for their lives against ...
Proping up the economy with crutches
Post Date: 2012-07-27 03:55:23 by Tatarewicz
0 Comments
After hoofing the 10 blocks back to my car, I found a guy sticking a knife in my front passenger side tire. Advertisement This Investment Crushes Gold and Silver Over the last 9 years, this unique investment has generated 1,700% gains... not including dividends. Not only does that return trounce the stock market... it also crushes the last 9 years of gains on gold and silver. Click here now to get your FREE report with all the details! “Good sir,” I said, shaking my ornithologically correct Orioles hat at him, “do you knife my tire?” “I knife a tire.” “Draw, sir...” I replied. “It's all in the game,” he said dryly, standing up. ...
How Swiss Bank Pictet Attracts German Millionaires
Post Date: 2012-07-27 03:19:55 by Tatarewicz
0 Comments
Pictet, a reputable Swiss private bank, uses a letterbox company in Panama and a tax loophole involving investments in London to gain German millionaires as clients. Germany's tax authorities are working hard to shut the loophole down. Private bank Pictet, based in Geneva, Switzerland, has an image that's as squeaky clean as a Swiss sidewalk. Tax scandals and newspaper headlines are complications the bank, founded in 1805, has generally been happy to leave to others. It's an approach that helped Nicolas Pictet end up where he is today, as president of the Swiss Private Bankers Association. "We're in a better position than many of our competitors, because of certain ...
Natural Gas to $10.05
Post Date: 2012-07-26 04:52:24 by Tatarewicz
0 Comments
When I was a young chap, a hoary old trader told me oil prices are easy to understand... When prices are high, companies spend money to produce more product. This creates higher supply and drives down prices. When prices are low, the fly-by-night firms run out of financing and go out of business. This creates a supply squeeze and drives up prices. Rinse and repeat. . Can't Afford to Pump Estimates for what it takes to get natural gas out of the ground and to market are somewhere between $4 and $6 per thousand cubic feet. This means the vast majority of producers are losing money. No one goes to work to lose money. The industry will consolidate or go bankrupt. The Economist ...
Tony Blair: Don’t Hang Bankers Why Is Everyone Suddenly Talking about Hanging Bankers?
Post Date: 2012-07-24 15:42:22 by tom007
8 Comments
Tony Blair: Don’t Hang Bankers Why Is Everyone Suddenly Talking about Hanging Bankers? by Washington's Blog Global Research, July 24, 2012 Washington's Blog Email this article to a friend Print this article Share Mainstream economist Nouriel Roubini said recently: Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine. If some people end up in jail, maybe that will teach a lesson to somebody. Or somebody hanging in the streets. Former British prime minister Tony Blair – currently employed as a senior adviser to JP Morgan – said today: We must not start thinking that society will be ...
Money Is Technology!
Post Date: 2012-07-24 08:04:03 by Tatarewicz
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Money, although most people don’t view it as such, is technology. Think about it. Money is not a “natural” thing. Money is a human abstraction. Money is an idea that’s harnessed to certain standards. For example, archaeologists tell us that primitive societies used colored stones, seashells or pieces of bone as money. Then for much of human history (including now, depending where you are), mankind used gold, silver and copper as money. In the 13th century, Kublai Khan introduced what some consider the first paper currency (the “chao”) throughout China — an idea that Marco Polo brought back to Europe. The point is that across the ages, money is a ...
RIM investor Watsa doubles stake
Post Date: 2012-07-24 06:48:23 by Tatarewicz
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NEW YORK (AP) — Prem Watsa, one of Canada's best-known value investors, has nearly doubled his stake in BlackBerry maker Research In Motion Ltd. to 9.9 percent, according to a regulatory filing Monday. The increase makes him the largest shareholder in the struggling company and identifies a buyer for shares that other investors have been unloading. RIM shares rose 1 cent to $6.78 in midday trading Monday. The shares have lost 95 percent of their value since 2008 as BlackBerry sales have lost out to the iPhone and Android phones. RIM's market capitalization is now $3.6 billion. Analysts have figured that the company's patent holdings, and the value of the monthly ...
This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied - The Sequel
Post Date: 2012-07-20 21:40:15 by Buzzard
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Two years ago, in January 2010, Zero Hedge wrote "This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied" which became one of our most read stories of the year. The reason? Perhaps something to do with an implicit attempt at capital controls by the government on one of the primary forms of cash aggregation available: $2.7 trillion in US money market funds. The proximal catalyst back then were new proposed regulations seeking to pull one of these three core pillars (these being no volatility, instantaneous liquidity, and redeemability) from the foundation of the entire money market industry, by changing the primary assumptions of the key Money ...
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