Contrarian Stock Market Investing News - Featuring Bargain Stocks

Friday, November 21st, 2008

Posts Tagged ‘ SGB ’

Fannie and Freddie Plan Backdoor Nationalization

Jul 16th, 2008 | By Dan Denning | Category: Featured, Financial News

In normal times the second-largest U.S. bank failure in history would be the lead story in the mainstream media.

But we’re not living in normal times, says Dan Denning in The Daily Reckoning Australia. What we’re experiencing is a financial quagmire caused by the loud popping of an unprecedented credit bubble.

The collapse of IndyMac (IMB) has been overshadowed by the threat of insolvency at Fannie Mae (FNM) and Freddie Mac (FRE). The rescue plan for the twin mortgage giants is nothing more than backdoor nationalization, says Dan. Expect runaway inflation as a result of the government’s meddling…

Tags: , ANZBY, Ben Bernanke, CBA, credit crisis, Dan Denning, Fed Rate Cuts, Federal Reserve, FNM, FRE, Henry Paulson, NABZY, SGB, stagflation, subprime crisis, US Banking, Us Inflation Rate, US recession, WBK
Posted in Featured, Financial News | Comments2008-07-16+12%3A00%3A10Dan+Denning

The Fourth Biggest Iron Player in Australia

May 27th, 2008 | By Al Robinson | Category: Gold Market

Riding a bicycle in Melbourne’s autumn is like playing with fire, reader. The weather changes a lot quicker than we can ride.

Tags: , Australia, FMG, GBC, iron, MGX, MIS, MMX, Mount Gibson, PMM, resources, SGB
Posted in Gold Market | Comments2008-05-27+13%3A53%3A05Al+Robinson

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