From the category archives:
On the one hand … EU Pushes for Overhaul of Postwar Financial System
EU leaders called for a global summit as soon as next month to rewrite the 1944 Bretton Woods accord that paved the way for Europe’s post-World War II reconstruction and set up the institutions that oversee the world economy today.
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I’m Dreaming of a Blue Christmas … Source: Calculatedrisk.blogspot.com
From the LA Times… Retailers cutting back on holiday hiring
A recent survey of more than 1,000 managers responsible for hiring hourly workers found that each manager planned on hiring an average of 3.7 seasonal employees this year, roughly 33% less than the 5.6 [...]
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I didn’t blog yesterday because I was busy putting the finishing touches on my new gold report, “Your Golden Parachute for 2009.” It goes out today, kicking and screaming apparently, from all the trouble we’ve had trying to load it to the web site.
Red-Hot Canadian Small-Caps subscribers, Red-Hot Global Small-Caps subscribers and Red-Hot [...]
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Yesterday, market sentiment shifted to really worrying about a severe global recession and the deflation that would come with it. Since sentiment is 9/10ths of the market, that means a lot.
And don’t pin your hopes on the bailout package stopping the credit crunch and saving the economy. As Paul Krugman noted: “To this [...]
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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 [...]
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The world is watching what’s going on in Washington today, Friday and through the weekend, as Treasury Secretary Paulson, Federal Reserve Chairman Bernanke, President Bush and the US House and Senate try to hammer out a bailout package for Wall Street. I do believe it’s blackmail, but there are such things as successful blackmailers.
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I can’t walk to the water cooler without hearing from someone how China’s economy is deflating like a balloon. Oh really? Let’s look inside the latest Bloomberg story, “China Inflation Cools to 4.9% as Export Growth Slows,” and see what’s happening. Sept. 10 (Bloomberg) — China’s inflation weakened to the slowest pace since June [...]
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Gold is another one that’s hard to figure out. Supply is dropping in South Africa and Australia, yet overall mine supply rose 8% to 590 metric tonnes in the second quarter of this year. Demand is surging in India, but prices are plunging today (probably due to a combination of the ever-strengthening U.S. dollar [...]
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A growing global power crisis looks to be greater economic and political danger than oil
Lost in all the attention oil is receiving, reports from around the world indicate that 100 or more countries may be suffering, many acutely, from shortages of electricity. Given who is in trouble, both the economic and the [...]
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Commodities are getting clocked this morning. The catalyst is that Hurricane Gustav didn’t harm the energy infrastructure in the Gulf of Mexico, but really, you have to give credit to a strong, resurgent US dollar.
A HUGE pullback in oil today. It started in electronic trading in a week that [...]
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