Calculated Risk informs us that the national debt is going to surge over $10 trillion today.
As of Sept 29th, the debt was $9,945,578,231,981.59
Partly to blame is the Supplementary Financing Program (SFP) that the Treasury is using to raise cash for the Federal Reserve’s liquidity initiatives. For example, while the bailout package failed in [...]
From the monthly archives:
September 2008
Oil falls to near $103 on concerns US bailout package won’t halt global slowdownOil prices fell to near $103 a barrel in Asia Monday on concern that economic growth will slow across the globe despite a tentative agreement in Washington on a $700 billion bailout package to [...]
In one of my recent blog posts I told you now was a great time to buy Asia — particularly the energy markets — and I gave you three of my favorite Asian energy companies to consider. I hope you did.
The Asian markets are already starting to once again outperform the U.S. markets. To [...]
In one of my recent blog posts I told you now was a great time to buy Asia — particularly the energy markets — and I gave you three of my favorite Asian energy companies to consider. I hope you did.
The Asian markets are already starting to once again outperform the U.S. markets. To [...]
I like to tell it like it is. No spin. No B.S. Just straightforward common sense analysis.
And you may not like what I’m about to say. But I’m going to say it anyway. Those so-called Wall Street “experts” and other “pundits” are as ignorant a lot as I’ve ever seen!
They continue to get [...]
I like to tell it like it is. No spin. No B.S. Just straightforward common sense analysis.
And you may not like what I’m about to say. But I’m going to say it anyway. Those so-called Wall Street “experts” and other “pundits” are as ignorant a lot as I’ve ever seen!
They continue to get [...]
Here’s a chart I was unable to include in the Red-Hot Commodity ETFs issue that went out this morning. Naturally, when I’m trying to send out an issue, there’s a computer problem.
If you think the US dollar has another leg down — and I do — then GLD shows real potential. If we [...]
NEW YORK/LONDON (Reuters) Sept. 25 — The U.S Mint told dealers Thursday it again was temporarily suspending sales of American Buffalo 24-karat gold one-ounce bullion coins. In mid-August, a shortage of American Eagle one-ounce gold coins due to “unprecedented” demand had forced the U.S. Mint to temporarily suspend sales of the popular coins.
Coin dealers [...]
NEW YORK/LONDON (Reuters) Sept. 25 — The U.S Mint told dealers Thursday it again was temporarily suspending sales of American Buffalo 24-karat gold one-ounce bullion coins. In mid-August, a shortage of American Eagle one-ounce gold coins due to “unprecedented” demand had forced the U.S. Mint to temporarily suspend sales of the popular coins.
Coin dealers [...]
Apparently, House Republicans are in open revolt against the Wall Street bailout plan put forth by the White House and Treasury Secretary Henry Paulson. Part of it may have to do with all the changes that the Democrats made to the plan to make it palatable to their constituents, like allocating 20% of profits made [...]
