Monday Is Chart Day -- Storms, Oil, Gold & More
The US dollar wins a beauty contest in a leper colony. It is going up because traders expect the ECB to cut rates if/when German employment falls.
XX Sean’s note – a platform for gold's next move up, or the start of gold’s next leg down?
Oil is unlikely to fall below $100 per barrel as strong demand from emerging economies such as
Why Does Gas Cost $4 or More a Gallon?
That link leads to a great pictorial representation and explanation of rising gasoline prices.
Numerous Wichita-area and
"I think the greatest fear out there is that this is not an anomaly; that it might be the first of more to come," said Ed Cross, executive vice president of the Kansas Independent Oil and Gas Association.
Fewest Treasury Traders Since 1960 Hit Taxpayers as Record Deficit Widens For the first time since 1960, when it created the network of securities firms obligated to buy and sell Treasury bonds, the U.S. government has the fewest bond traders making markets in its debt and a bigger burden for American taxpayers financing record federal deficits.
Rolling Recessions Bring Bernanke, King, Trichet Monetary Policy Paralysis Recessions are threatening to crash over the world economy in waves, as one country after another turns down a year after the onset of the global credit crisis.
There are 8,500 banks in the U.S. Based on an independent analysis by Chris Whalen from Institutional Risk Analytics, they have identified 8% of all banks, or around 700 banks as troubled. This is quite a divergence from the FDIC estimate. Should you believe a governmental agency that wants the public to remain in the dark to avoid bank runs, or an independent analysis based upon balance sheet analysis? The implications of 700 institutions failing are huge.
There is roughly $6.84 trillion in bank deposits. It is almost beyond belief that $2.6 trillion of these deposits are uninsured. There is only $274 billion of the $6.84 trillion as cash on hand at banks. This means that $6.5 trillion has been loaned to consumers, businesses, developers, etc. The FDIC has $53 billion to cover $6.84 trillion of deposits. Does that give you a warm feeling?
Homeowners with good credit are falling behind on their payments in growing numbers, just as the problems with subprime mortgages have begun to level off.
Bicycling for reasons other than health and recreation is one way more and more people are responding to the arrival of gasoline prices that remain near $4 a gallon. The idea is to leave that car, truck or SUV in the garage more often.
The increase in bicycling is evident at area bike shops, which are having a hard time keeping pace with a surge in sales that operators think is fueled by higher gas prices. Stripped of 2008 inventories, some well-known bicycle brand names are rolling out their 2009 models several months earlier than usual, said Bernie Camp, sales manager at Russell’s Cycling in
Death in the Gulf of Mexico
Every year for the past couple of decades, scientists have tried to estimate the size of the dead zone that forms where the Mississippi River enters the