Oil prices are gushing upwards, the prices of other commodities are surging, Treasury yields are doubling, and the US dollar is plunging. It is all horrible, terrible news – unless you own gold – black or yellow.Black and yellow treasure The recession has entered a most confusing stage where on any given day there’s good …
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Crumbling asset values and wild volatility have left a trail of disaster in their wake.They also exposed some truly shocking frauds. Desperate Measures Ireland’s credit rating is cut Move comes as fears rise over bank bail-out costs. More house price falls to come US Property Guru U.S. Home Prices May Fall Follow Japan and Fall …
Obama effect bad for gold, good for dollar Industry on road to recovery; growth nearing last year’s high Why is the European automobile industry so important? Floating wind turbine launched False dawn Consumer Credit Plunges v2
1.Europe’s largest economy is expected to shrink by 6.2 percent in 2009 according to the Bundesbank, Germany’s central bank.Bundesbank: German economy will stagnate through 2010 2.With the panic subsiding fast, Brazil’s equity markets have staged an astonishing turnaround allowing canny investment banks to find their feet in the country again. Writer John Rumsey – Back …
Continue reading ‘Knowledge is Power: Bank Profits Getting Fat? Edition’ »
1.The European Union is split over how best to apply the lessons of the global downturn to the regulation of financial markets. Countries like Germany want tighter controls on risky deals and exotic securities, but the UK, Ireland and parts of Eastern Europe are fighting for free markets. UK, Ireland Resist Push for More Financial …
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