From the category archives:
Check this out! China dumping U.S. notes and bonds! – Larry
February 16, 2010 (Daily Finance) — The global appetite for U.S. financial assets slowed markedly in December and demand for federal debt fell by a record amount as China dumped more than $34 billion in American IOUs, the Treasury Department said Tuesday.
If demand for U.S. [...]
It looks like the dollar could finally (finally!) get the bounce it’s been waiting for …
You know what I think this means for gold — it means Buy more gold! I mean, heck, if we do get a bounce in a fiat currency that’s becoming more of a paper tiger all the time, then you [...]
Dollar Falls Vs Euro, Yen On China Reserves Report
Monday, October 26, 2009. TOKYO (MarketWatch) — The dollar fell against the euro and the yen in Asia on Monday after an official newspaper of the Chinese central bank said China should cut its U.S. dollar holdings, adding to concerns over the unit’s global reserve currency status. [...]
In Red-Hot Commodity ETFs, I recommended subscribers bag remaining gains on iShares Silver Trust (SLV: 16.75 -1.93%) and iShares Dow Jones U.S. Oil & Gas Exploration Index (IEO: 53.35 -2.40%). They’d already been stopped out with gains on the second half of their PowerShares DB Gold Double Long ETN (DGP: 26.83 -3.55%). Why am I [...]
This morning, stocks look to head higher as overnight, Europe reported that German Services and French Industry Unexpectedly Grew. This means the reflation trade is back on.
And sure enough, the dollar’s latest rally seems to be fizzling. The dollar says “good night” more times than a reluctant 3-year-old going to bed, so we’ll see how [...]
White House to Lower 2009 Deficit Estimate to $1.58 Trillion
Bloomberg reports with a straight face that:
The White House’s biannual budget review set for release next week will show the projected shortfall lessened primarily because the administration scrapped contingency plans to provide hundreds of billions of dollars in additional aid to the financial industry, said the [...]
