Friday, November 21st, 2008

Posts Tagged ‘ Financial Crisis ’

Corporate Earnings Go Cliff Diving

Nov 21st, 2008 | By Richard Daughty | Category: Financial News

The news just keeps getting worse, and I note with dismay that the latest report of initial claims for unemployment are 516,000 - well past the psychologically-important half-million mark - personal bankruptcies averaged “4,936 per business day in October” - which is up 8% from September and 34% more than October 2007.



Congress Debates Another Bailout, GM, Ford (F) and Chrysler Chiefs Push for Action

Nov 19th, 2008 | By Jason Simpkins | Category: Financial News

Executives from Detroit’s “Big Three” auto companies – General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler LLC – yesterday (Tuesday) joined Congressional Democrats on Capitol Hill to make the case for an industry-wide bailout that could spare their troubled companies from totally collapsing. Detroit’s bigwigs have been met with considerable resistance so far, but will continue to make their case today and into the New Year.



Nothing Comes Out of the G20 Meeting

Nov 17th, 2008 | By Chris Gaffney | Category: Financial News, US Dollar & Forex Trading

G20 largely a non-event…  Pound moves up…  Brazil falls on sell off of emerging markets…  Japan enters recession… And Now… Today’s Pfennig!



Can the Mega-Rally Hold?

Oct 30th, 2008 | By Addison Wiggin | Category: Financial News

Stocks stage huge rally, but will it hold? Key levels to watch, and some historic perspective… Libor continues to ease; famous Wall Street CEO explains why credit still isn’t flowing… John Williams on the “true cost” of the U.S. financial crisis, with charts to prove it… Byron King with an “exploding” foreign resource market…. Plus, a stinging critique of I.O.U.S.A., and one thing you must do before voting Nov. 4.



Dollar Drops Slightly

Oct 24th, 2008 | By Doug Casey | Category: Financial News

In the currency market, the dollar slipped against the euro. Late Thursday, the euro was trading at $1.2917 vs. $1.2837 on Wednesday.



Gold Slides, but Silver Gains

Oct 24th, 2008 | By Doug Casey | Category: Financial News

Gold declined through the first hour of New York trading yesterday, briefly dipping below the $700 mark, but then pushed quickly back over $720 and spent most of the day hovering around that level, finishing at $721.10, down $7.10. Overnight, gold is sharply lower.



China’s Export Machine Shifts Into High Gear, Even as U.S. Market Decelerates

Jun 12th, 2008 | By Jason Simpkins | Category: Emerging Markets

China’s exports advanced at a 28% pace in May, despite growing economic turbulence in the United States and Europe, underscoring yet again that the Asian giant doesn’t need Western markets to flourish.



Currency Trading Strategies for a Volatile Forex Market

Jun 7th, 2008 | By Laura Cadden | Category: US Dollar & Forex Trading

The dollar’s decline against the Euro and other major currencies has dominated the financial news. In the past two years the Euro has gained about 25 percent against the dollar and the Wan about 18 percent since 2005.



Why Now Looks like a Good Time to Buy Gold

Jun 4th, 2008 | By Dominic Frisby | Category: Gold Market

Just as it was during the credit crunch, the biggest beneficiary of the next wave of the financial crisis and the ensuing panic will be gold and precious metals.



Welcome to Squanderville

May 27th, 2008 | By Bill Bonner | Category: Politics & Economics

We’ve got a lot to remember and a lot to reckon with on this Memorial Day…the richest man in the world travels to Europe to seek out better investments…The Oracle of Omaha could write for The Daily Reckoning…putting the squeeze on the American family… Checking in on Cuba…and more!