1. “don’t fight the Fed”–people have continually said this and believe it but look at the evidence…this might be true for a week or two but beyond this there is a inverse relationship…when the Feds lower rates the equity market go down…look at 2000-2003 and 2007-2008…this pattern has been repeated over and over again yet [...]
By Aline van Duyn and Francesco Guerrera in New York
December 10 2008 23:32
The biggest US financial institutions reported a sharp increase to $610bn in so-called hard-to-value assets during the third quarter, raising concerns about the hidden dangers on balance sheets.
So-called level-three assets, classified as hard to value and hard to sell, rose 15.5 per cent [...]
Gold will be the only thing that makes you money in the long term no matter what at this point - lets take a moment to understand why:
Scenario 1: The plan is passed, inflation goes through the roof in the short term as we delay the inevitable collapse that has been brought about by dependence [...]
Ambac Responds to Article Related to Its Second Lien RMBS Exposure
NEW YORK, May 22, 2008 (BUSINESS WIRE) — Ambac Financial Group, Inc. (ABK)
(Ambac) today responded to a Credit Sights article published on May 21, 2008 that
calls into question the current level of Ambac’s loss reserves on its second lien
RMBS exposure. In the article Credit Sights [...]
Gold price volatility surges in first quarter: WGC
By Polya Lesova, MarketWatch
Last Update: 4:51 PM ET Apr 22, 2008
NEW YORK (MarketWatch) — Volatility in gold prices soared to a quarterly peak in
the first quarter of this year, when the precious metal surged to an all-time
high over $1,000 an ounce, the World Gold Council (WGC) said in [...]
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