from Silver Vigilante:
More than 40% of US citizens between the ages of 50-65 are planning onselling their homes and McMansion’s for something smaller and more practical, as “prospective downsizers exceed would be ‘upsizers’ by nearly 3-1,” reports the WSJ. They are under the assumption that, by downsizing, their lives will be made simpler and more inexpensive. While the former depends on each individual, the latter is certainly not always the case. Bulking [...]
German Chancellor Angela Merkel made her final remarks on the Greek election this morning, telling members of her party that broken promises made by fellow Europeans will no longer work.
“Promised, broken, nothing happens — things cannot under any circumstances continue this way in Europe,” Merkel said, according to the Associated Press.
It cannot be the case — and this is also an issue now in connection with the Greek election — [...]
Internet Bubble: How hard was it not buy AOL when it was going up 50% a year? Don’t people know all bubbles end badly?
- That was stupid
Housing Bubble: How hard was it not buy a house with 0% down, on a 1 year ARM, with a mortgage you couldn’t afford unless your it appreciated 20% in a year?
- That was stupid
Education Bubble: Not just law school but the entire for [...]
From Peter Tchir of TF Market Advisors
It Is Getting Difficult To Tell What Is Moving The Market…
…but if Fitch changing the outlook from positive to stable on Bulgaria, Czech, Lativa, and Lithuania can push us down 0.5% then if you are long, you need to be putting on some sort of a hedge. I’m not a big fan of puts, and maybe this isn’t the news that caused the market [...]
By Chris Oliver
HONG KONG (MarketWatch) — China’s Commerce Ministry warned Wednesday on the nation’s trade outlook, saying conditions for the remainder of the year and into the first quarter of 2012 look tough, according to reports from the region. A Commerce Ministry spokesman also said that China should keep the yuan’s exchange rate stable for the time being.
(Reuters) – The Guardian newspaper apologized on Friday for reporting that the Sun, part of Rupert Murdoch’s News International stable, had obtained information about former prime minister Gordon Brown’s son from medical records.
The newspaper, which has played a pivotal role in revealing details of the News of the World phone hacking scandal, printed a one-paragraph apology on page 36.
“In fact the information came from a different source and the Guardian [...]
The Federal Reserve should focus on keeping prices under control, leaving the government to try to boost the U.S. economy and jobs, Richmond Federal Reserve Bank President Jeffrey Lacker said in an interview Friday.
Though frustrated by a recovery that continues to be slow and choppy two years after the recession ended, Lacker said further monetary stimulus by the Fed would likely show up “almost entirely” in inflation, which is already [...]
The radiation level of the dry well of the Reactor 1 Container Vessel has been rather high, and fluctuating, indicating that the reactor is far from stable.
#1 Drywell readings between 30 Sv & 50 Sv for the last 3 weeks !
#2 Sv readings DryWell & SupressionChamber
#3 Sv readings DW & SC
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by Ident 7777 economy, [...]
Just released from S&P: “Following new European Union regulations on credit ratings, we are converting our issuer credit ratings on these sovereigns and the ECB to “unsolicited“, as we do not have rating agreements with the rated entities. Standard & Poor’sÂ will nonetheless continue to rate the seven sovereigns and the ECB, andÂ classify the ratings as unsolicited, as we believe that we have access to sufficient [...]
Foreclosures continue to rise. Just last week, Realtytrac reported that homes in default or foreclosure represent over 14% of all homes in America. The foreclosure rate for Q1 reached a new record high. This is not conducive to stable, much less increasing home sales. By late summer, home sales will atrophy!
The market is already showing signs that it can’t stand on it’s own. New mortgage applications are down 27%, banks [...]