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Obama Began Currency Wars in 2010 – Jm Rickards
Rickards say’s The the U.K. Pound Sterling will be as of now the Biggest Loser as they have no Gold to fight with….
BOC Chief Says China Should Be on ‘High Alert’ on Inflation China should be on “high alert” over inflation after February’s figures exceeded forecasts, central bank Governor Zhou Xiaochuan said, signaling a heightened focus on controlling prices. Monetary policy is “no longer relaxed” and [...] Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter Much digital ink has been spilled about the oil and gas boom in the US, the result of ever improving fracking technologies, and whether or not it will lead to energy independence, or even turn the US into an oil exporter. Now a “confidential” report by the German version of the CIA, the Bundesnachrichtendienst (BND), seeped to the surface. It sketched out the boom’s geopolitical consequences. Biggest loser? China. BND reports [...] Exchange-rate manipulation by countries from China to Denmark has cost the U.S. as many as five million jobs in recent years, according to the Peterson Institute for International Economics. More than 20 nations have increased reserves of currencies such as the dollar by an average of almost $1 trillion a year, economists C. Fred Bergsten and Joseph E. Gagnon said in a report published last month. By buying foreign currencies, countries reduce the value of their [...] It has been more than 20 years since Gilbert McLaughlin ran the fire department in Providence, Rhode Island. Yet the former chief stands to be the biggest loser as the capital of the smallest U.S. state flirts with insolvency. McLaughlin, 75, is the highest paid of Providence’s 3,000 retired workers, collecting a $196,813 pension this year, the result of yearly 6 percent cost-of-living increases the city once bestowed on firefighters and [...] WASHINGTON (AP) — The Biggest Losers are coming to the White House. NBC says contestants on its “The Biggest Loser” program are whisked to the White House in a two-part makeover episode set to air on April 3 and April 10. http://hosted.ap.org/dynamic/stories/U/US_WHITE_HOUSE_BIGGEST_LOSERS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-03-28-15-56-20 Equity and credit markets traded in a narrow range with late day ebullience (as VIX collapsed but we note implied correlation did not) pushing them to marginally new multi-month highs and tights respectively. The markets tracked one another very closely as did HYG (the high-yield bond ETF) but into the close HYG sold off quite notably (relative to the day’s action). Financials staged a late-day advance (responsible largely for the [...] by ZH Well, he may not be liquidating, and he may be telling others he has experienced barely any redemptions, but Paulson’s gold share class, represented entirely by the fund’s GLD holdings would beg to differ: as of September 30, Paulson’s total holdings of GLD were down by a third from 31.5 million shares or $4.6 billion at the end of Q2, to 20.2 million or $3.2 billion. And as is [...] From Peter Tchir of TF Market Advisors On the bright side… EFSF is targeting having some real documentation sometime in the next month or so. The IMF is looking at some options to be able to set up short term credit lines more quickly. Think anyone there wishes they had something implemented already? There is no way the EFSF gets anything new up and running in a short timeframe. From the documents [...] 1. The Board issues a statement accusing bloggers of spreading both irresponsible and factually incorrect rumours as the bank is sound and has no need of new capital. 2. The Bank issues a statement of confidence in its management. 3. The Bank tries to raise more private capital in spite of it having no need for it. 4. If this does not work the relevant government(s) express(es) complete confidence in [...] (Reuters) – Investor George Soros, at 81, has for the first time made the list of the 10 wealthiest Americans, Forbes Magazine reported on Wednesday in the 2011 edition of its annual rich list. Less surprising, Bill Gates again topped the list with a net worth of $59 billion, up $5 billion. The Microsoft founder has been the wealthiest American every year since 1994. Everyone in [...] By: Patrick Allen Deutsche Bank’s CEO on the outlook for banks. The DAX [.GDAXI 5255.32 -283.01 (-5.11%) ] led the losers, falling by over 5 percent, while stocks in London and Paris also fell sharply. The biggest loser in Germany is Deutsche Bank [DB 36.27 -2.33 (-6.04%) ] after CEO Joseph Ackermann told a banking conference that the euro zone debt crisis could [...] by ZH After two years of ridicule for his ludicrous bet that Bank of America (about which we will have much more to say shortly) would triple, John Paulson has finally capitulated on his rose-colored glasses call that there is nothing but smooth sailing ahead for US financials. Reuters reports that “he pseudo-mutual fund manager “told investors on Thursday he was “too aggressive” with some of [...] Fox’s American Idol performance finale was down slightly in the ratings from last year’s all-time low. Tuesday’s episode delivered 20 million viewers and a 6.2 preliminary adults 18-49 rating, down 7 percent from last season’s final performance show. The performance isn’t unexpected given that Idol has been tracking slightly below 2010?s run all season, itself an accomplishment given the age of the show and all the changes [...] by ZH Today’s market sell off was notable not only because it was the biggest single day percentage drop since November, but because it snapped the nearly unbreakable series of positive “first day of the month” returns. The biggest loser: the thousands of momo traders who go all in the last day of the month hoping to recreate the pattern. Alas, the pattern now longer exists, [...] Following yesterday’s abysmal results, here are the biggest losers now that CSCO is trading at the lowest price since July 14, 2009. The usual biggest loser suspects are not surprising. Neither is #16 Goldman Sachs Asset Management with $142 million in losses in one day in one stock.Way to go GSAM: reputation well-deserved. Source: CapIQ Gallup has released its poll ranking U.S. presidents from the last 50 years and there are some interesting changes. While John Kennedy remained on top with an 85 per cent approval rating and Ronald Reagan maintained his runner-up status, Bill Clinton and George H.W. Bush both saw their stock rise dramatically. Both former leaders added 8 per cent to their approval ratings since 2006 — Clinton now ranks third behind JFK [...] |
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