GoldSeek.com Wednesday, 12 May 2010 “We’re heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can’t just have savings accounts paying no interest. You need to go and buy gold,” says Bud Conrad, chief economist with Casey Research, in this exclusive... »
Archive for May 13th, 2010
Struggling Commercial Real Estate Helplessly Waits Around For The Slaughter Of 2010
Thursday, May 13th, 2010
Vincent Fernando, CFA BusinessInsider.com While many other parts of the U.S. economy are in an apparent uptrend, commercial real estate still faces continued deterioration this year. According to Fitch ratings, the default rate for commercial real estate loans packaged within mortgage-backed securities hit 8% in Q1 of this year, up from 6.6% in December.... »
‘The Rescue Package Has Bought Nothing But Time’
Thursday, May 13th, 2010
DerSpiegel.de With the massive 750 billion euro rescue package, the European Union is hoping to reinvigorate the ailing euro. But not everyone thinks it can be done. German commentators on Tuesday voice their doubts. The euphoria on the markets was hard to miss on Monday. Just hours after the European Union cobbled together a... »
BP using dispersants again; engineers ‘trying anything’ to stop leak
Thursday, May 13th, 2010
Pensacola News ON THE GULF OF MEXICO (AP) — Black Hawk helicopters peppered Louisiana’s barrier islands with 1-ton sacks of sand Monday to bolster the state’s crucial wetlands against the epic Gulf of Mexico oil spill — 4 million gallons and growing. At the site of the ruptured well a mile underwater, a remote-controlled... »