Archive for May 18th, 2010

By: Andrew McKillop Market Oracle May 18, 2010 DID HIGH PRICED OIL CAUSE THE CRISIS ? Attempts are made to try out this argument, in a few diehard neoliberal New Economy circles, for example tracing problems reducing the USA’s extreme high, but falling trade deficit, to “stubbornly high” oil prices. Whenever mass unemployment, recession... »

19. May, 2010 MyCatbirdSeat.com FORGING THEIR OWN CHAINS AND SHACKLES Millions of illegal aliens, thousands members of dangerous drug gangs, have taken over city after city, state after state. Do you really think our government couldn’t have closed the border in days? The illegals are here for a purpose. The killed trade unions, suppressed... »

Bob Chapman InternationalForecaster.com The Obama-Dodd-Frank Frankenstein Fed Big Bankster Bailout Bill, schemes and frauds went on for too long, bring back the Glass-Stegall Act, Vampire squids run the economy, alternatives to the financial establishment are threatened with regulations, reform bills are toothless… What do you get when you cross a Dumbo with a Jackass?... »

By Jack Brammer BlueGrassPolitics.com FRANKFORT — The national media are flocking to Kentucky to see if Tea Party movement favorite Rand Paul can capture the Republican nomination for the U.S. Senate Tuesday and rattle the state’s GOP establishment. Meanwhile, the Democratic race for U.S. Senate in the state between Lt. Gov. Daniel Mongiardo and... »

By: Miles Banner GoldSeek.com For the year the gold price is up 10.25% in US dollars, 22.38% in Euros, and 27.85% in pounds (London PM fix). The HUI gold index is up 13.38% and the SPDR gold shares (GLD) is up 9.61%. In the aftermath of the recent bail out by the IMF and... »

By Shawn Tully CnnMoney.com In two tumultuous weeks in October 1987, the stock market shed nearly one-third of its value in perhaps the second most notorious crash in U.S. history. It could happen again. Don’t be deceived by the rebounding economy, any more than the bulls should have been misled by the balmy climate... »

Joe Weisenthal BusinessInsider.com You’ve got hundreds of billions of recapitalization’s needed in Europe, says Meredith Whitney, who is speaking on CNBC this afternoon. And the fact that Europe is worse than the US is saying something, she says, since she’s definitely still not positive on US banks. Other than that, her interview appears to... »

By Svenja O’Donnell Bloomberg.com May 18 (Bloomberg) — The crisis engulfing the euro area is not over yet as Greece remains the “tip of an iceberg,” New York University professor Nouriel Roubini said. “It’s not over,” Roubini said in an interview with BBC radio broadcast today. “What we’re facing right now in the eurozone... »

By Robert J. Samuelson WashingtonPost.com You might think that Europe’s economic turmoil would inject a note of urgency into America’s budget debate. After all, high government deficits and debt are the roots of Europe’s problems, and these same problems afflict the United States. But no. Most Americans, starting with the nation’s political leaders, dismiss... »

By Jon D. Markman Money Morning.com For many investors, the recent thousand-point plunge by the U.S. stock market was probably the proverbial last straw. So let me be perfectly clear about the point that I want to make here: Sitting on the sidelines could be the investment mistake of a lifetime. The post-financial-crisis “new... »