Tuesday, July 23, 2013

Greenlight’s Einhorn Predicted Lehman Brothers’ Fall; Buying Gold

October 21, 2009 by · Leave a Comment 

By Jennifer Ablan and Joseph A. Giannone Mon Oct 19, 2009 5:17pm EDT NEW YORK, Oct 19 (Reuters) – David Einhorn, the hedge fund manager who had warned on Lehman Brothers’ precarious finances, on Monday said he is buying gold and betting that interest rates will rise as he lambasted the U.S. government’s financial chiefs [...]

Capital Gold Group Report: DOLLAR DECLINE GAINING MOMENTUM: ‘Benign currency neglect’ could spell real danger for US economy – A Foreign News Perspective

October 15, 2009 by · Leave a Comment 

What’s happening to the dollar? That’s the question dominating the world’s financial markets. Last week the US currency fell, on a trade-weighted basis, to a fresh 14-month low. The dollar’s decline is now gaining momentum. By Liam Halligan Published: 7:22PM BST 10 Oct 2009 Many American economists say the greenback is falling because the global [...]

Gold Touches a New Record

October 9, 2009 by · Leave a Comment 

The Daily Reckoning “Gold continues to climb…stoked by inflation worries,” says a headline in the International Herald Tribune. Yesterday, it touched a new record – $1,050 – even as the dollar rose, oil slumped under $70 and stocks dipped very slightly. Well, what do you expect? The United States added $1 trillion to its monetary [...]

Is the Dollar Being Removed from Oil Trades?

October 6, 2009 by · Leave a Comment 

The Daily Reckoning Today we’re already seeing a HUGE currency rally versus the dollar, on the news that the Reserve Bank of Australia (RBA) opted to go ahead and hike rates now, rather than wait for November’s meeting… Which I thought they would do! WOW! The first hike has opened Pandora’s Box of interest rate [...]

A Bull in a Silver Shop

October 5, 2009 by · Leave a Comment 

By The Mogambo Guru One of the most interesting news items I’ve found was on the cover of The Financial Times, where I learned that a guy named Lahde “made tens of millions of dollars from betting against the financial and property sectors during [the] past two years”, and he now wanted to thank “the [...]

FDIC INSURANCE FUND WILL RUN A DEFICIT AS OF TOMORROW

September 30, 2009 by · Leave a Comment 

FDIC Proposes Banks Prepay Deposit Fees Through 2012 By Alison Vekshin Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013. The insurance fund will run a [...]

In Search of a One-Armed Economist

September 29, 2009 by · Leave a Comment 

The Daily Reckoning How are we doing? Our Trade of the Decade, that is? Yesterday, gold took a big dip down – minus $15. It closed under the $1,000 level. Now we’ll find out if the Chinese are supporting it at $1,000…or not. If so, it should soon bounce back. If not…well, who knows? But [...]

95th US BANK FAILURE IN ’09; ANALYSTS WARN FDIC FUND COULD BE IN RED BY 2010

September 29, 2009 by · Leave a Comment 

By MARCY GORDON, AP Business Writer Marcy Gordon, Ap Business Writer – Fri Sep 25, 5:39 pm ET WASHINGTON – Regulators on Friday shut down Atlanta-based Georgian Bank, the 95th U.S. bank to fail this year as loan defaults rise in the worst financial climate in decades. In coming months, more banks are expected to buckle under the weight [...]

Finally, YOUR Bailout Arrives!

May 4, 2009 by · Leave a Comment 

Gold has quietly become We the People’s personal financial bailout, with prices today trading near $900/oz. Americans who understand the economic truth that gold is ultimate money have already experienced 25% growth over the last six months. But that’s just the start. Americans were first warned by Bush, Bernanke and Paulson that the entire U.S. [...]