From the category archives:
See the following Bloomberg article about Trust Preferred Securities … http://www.bloomberg.com/apps/news?pid=20601110&sid=a3e_k0Gedi9k
Trust Preferred Securities are a hybrid security with characteristics of debt and equity investments, thus placing them higher than shareholders in the pecking order of creditors who get paid in the event of a bank failure. However, the nature of these securities allow interest payments [...]
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Treasury Secretary Timothy Geithner is due to announce a plan to draw private investors into a U.S. financial rescue package aimed at reducing the toxic assets many commercial banks have on their balance sheets.
In a markedly different approach from the previous administration, Geithner aims to spur the flow of credit through the economy once again [...]
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Dollar’s fall last week is exactly what I’ve been warning about. Bear market in dollar is NOT over. See this article from Bloomberg. — Larry
Dollar Staggers as U.S. Unleashes Cash Flood, Deficit (Update2)
Dec. 15 (Bloomberg) — The biggest foreign-exchange strategists and investors say the best may be over for the dollar after a [...]
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The IEA confirms what I’ve been saying all along: There isn’t enough oil supply on the planet to meet demand. And that’s not about to change anytime soon. A new oil supply crunch looms as oil companies have put the brakes on sorely needed investment to increase oil production to satisfy future demand and to offset the accelerating [...]
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China’s $585 billion spending package is equivalent to the U.S. spending nearly $3 trillion in fiscal stimulus. Massive? You bet it is! Inflationary? Absolutely! A boost to the entire global economy? YES! — Larry
China unveils stimulus package as growth slows Program will spend more than $585 billion to jump-start economy November 10, 2008 (MarketWatch) [...]
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The top question I’ve been getting from subscribers these days is about what’s going on with gold and whether or not its bull market is over. My answer? No way, no how!
Any pullbacks in the precious yellow metal, no matter how bearish they may appear, are opportunities to buy! The basis for that view [...]
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Oct. 6 (Bloomberg) — China’s financial system is safe amid a deepening global crisis and the world’s fourth-biggest economy may be able to maintain fast growth, Premier Wen Jiabao said.
Wen said he had full confidence in China’s economic development and stability, according to the official Xinhua News Agency. The financial system is sound [...]
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China’s shoppers stock up on cards SHENZHEN (Asia Times) - Chinese consumers, until now recognized as among the world’s most determined savers, are adding credit cards to their wallets in record numbers, with the number of such cards in circulation almost doubled in the first quarter from a year earlier.
The number of credit cards [...]
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Dollar’s bouncing a bit, yet oil remains at record highs. Gold is consolidating, getting ready for its next move. Which way will it go?
Meanwhile, the DJIA has held my major support level at 12,795. Could stocks start to play catch up with other inflating assets? After all, US stocks in general have already been [...]
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