The Dollar Index hit yet another 14-month low early Monday after a Chinese central bank official urged the PRC to diversify its reserves into more euro and yen. A stronger-than-expected GDP report in South Korea also put pressure on the greenback as traders expect other central banks to follow Australia’s lead and raise rates while [...]
Filed under: Inflation, MoneyBob Postings, US Dollar | Tagged: currency, currency trading, Dollar, economics, Economy, US Dollar | Leave a Comment »
According to the FDIC, your money is safe.
Filed under: Economy, FDIC, Sheila Bair, economics | Tagged: FDIC, FDIC Insured, Sheila Bair | 1 Comment »
The U.S. is an empire in decline, according to Niall Ferguson, Harvard professor and author of The Ascent of Money.”People have predicted the end of America in the past and been wrong,” Ferguson concedes. “But let’s face it: If you’re trying to borrow $9 trillion to save your financial system…and already half your public debt [...]
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The economy is still the pits yet stocks are on a tear. What’s an investor to do in these confusing times?John Mauldin, president of Millennium Wave Advisors, admits the average investor doesn’t “have as many good choices” as in the past.Contrary to what “experts” have told the public for years, now is not the [...]
Filed under: Aaron Task, Economy, Income, Investing, John Mauldin, MoneyBob Postings, Retirement, Thoughts, Yahoo Finance, economics | Tagged: buy and hold, economics, Investing, Investments, John Mauldin, Real Estate | Leave a Comment »
The economic recovery currently underway is a statistical mirage, based on easy year-over-year comparisons and inventory rebuilding, John Mauldin, president of Millennium Wave Securities, tells Henry in the accompanying video.The unemployment rate is closer to 12% when you include people who’ve been dropped from the survey and the “underemployment” rate – people working part-time vs. [...]
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Now that the worst of the recession is over, Americans are waking up to the fact that we’re borrowing nearly $1.5 trillion per year. Instinctively, this worries us.But why?What’s really so bad about piling on debt in excess of 10% of GDP every year?Japan has been borrowing through the nose for years, and Japan, well… [...]
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The strength of the recovery in the housing market has surprised a lot of people, including Yale Professor Robert Shiller.”This is historic,” Shiller says of the recent snapback in the Case-Shiller Index. “It’s V-shaped. We’ve never seen it before. That makes it hard to know from statistical basis what it portends.”Are we on track for [...]
Filed under: Aaron Task, MoneyBob Postings, Real Estate, Yahoo Finance | Tagged: Real Estate, Robert Shiller | Leave a Comment »
Stephen Roach: “The market is in for a rude awakening,” said the chairman of Morgan Stanley Asia, whose grim outlook seems to remain constant wherever he’s domiciled. “This will be an usually weak recovery,” Roach said. “The damage done to the system [will be] lasting – we are not even close to healing. It’s [...]
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Peter Boockvar, equity strategist at Miller Tabak, points out a lot has changed since the Dow first broke the magical 10,000 barrier in March of 1999. While most other assets have gained value, the Dow is stuck in the mud. Worse yet, we’re not even close to break even if you factor in the fact [...]
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10 to 12 million U.S. Homes Could Ultimately Go Into Foreclosure
There’s been a lot of talk lately about a recovery in the housing market – even reports of bubbles re-inflating in certain markets. Elizabeth Warren, chair of the Congressional Oversight Panel, isn’t buying it. “We see things getting worse in the housing market,” Warren says, [...]
Filed under: Aaron Task, Deflation, Depression, Dooms Day, Economy, Elizabeth Warren, Housing, Mortgages, Retirement, Unemployment Rate, Yahoo Finance, economics | Tagged: economics, Economy, Elizabeth Warren, Federal Reserve, government, Recession | Leave a Comment »
