Archive for The Real Deal

Ben Bernanke a Bit Confused on Economics

Forbes.com: "The great economist Henry Hazlitt once observed that ‘Economics is haunted by more fallacies than any other study known to man.’ Were Hazlitt alive…

4Nov2009 | The Real Deal | 0 comments | Continued

Banks Biggest Buyers of U.S. Treasury Securities: Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC)

Bloomberg.com: “U.S. banks are buying Treasuries at the fastest pace since just after the last recession, helping shore up demand now that the Federal Reserve…

3Nov2009 | The Real Deal | 1 comment | Continued

How a Middle Class Disappears

Whiskey & Gunpowder: Many people write of the imminent destruction of the U.S. middle class (of which I consider myself a member) but few have…

30Oct2009 | The Real Deal | 0 comments | Continued

Is America a Failed State?

321 gold: The US has every characteristic of a failed state.

The US government’s current operating budget is dependent on foreign financing and money creation.

Too politically weak…

27Oct2009 | The Real Deal | 0 comments | Continued

Iraq Sweetens Terms for Oilfield Development

Rigzone: Iraq is sweetening the terms for companies bidding for its prized oil fields as it attempts to avoid the failure of the first bidding round…

22Oct2009 | The Real Deal | 0 comments | Continued

State Tax Revenue Continues to Plunge

Bloomberg: U.S. state tax collections tumbled the most in almost half a century in the second quarter as the economic recession curbed levies on incomes and…

19Oct2009 | The Real Deal | 0 comments | Continued

Iraq Lowers Taxes to Lure in Oil Companies

Reuters: Iraq has lured big oil firms into new service contracts on some of its giant oilfields by cutting taxes and sweetening terms to make the…

15Oct2009 | The Real Deal | 0 comments | Continued

Jim Rogers: Gold Will Trade Over $2000

Tech Ticker: Famed investor Jim Rogers is "quite sure gold will go over $2000 per ounce during this bull market."

Rogers’ confidence gold will continue to…

14Oct2009 | The Real Deal | 0 comments | Continued

Fleckenstien on U.S. Dollar Daze

MSN Money: Let’s face it. Dollars — the things we call money — are simply pieces of green paper. They are just a state of mind.…

14Oct2009 | The Real Deal | 0 comments | Continued

China Moving to Exit U.S. Dollar

Telegraph UK: You can date the end of dollar hegemony from China’s decision last month to sell its first batch of sovereign bonds in Chinese yuan…

8Oct2009 | The Real Deal | 0 comments | Continued

Gold to Continue Higher if U.S. Pursues Weak Dollar

Forbes: Gold hit fresh highs on Tuesday as it continued to take its cues from a weak U.S. dollar. The greenback tumbled as uncertainty over its…

7Oct2009 | The Real Deal | 0 comments | Continued

Fun and Games at the FDIC

Time: On Tuesday, the cash-depleted FDIC hatched a plan to require banks to prepay three years of quarterly fees. The FDIC expects to quickly generate $45…

5Oct2009 | The Real Deal | 0 comments | Continued

As Predicted Cash for Clunkers Ends, Cars Sales Crash

Yahoo: “It was a more difficult month than we anticipated,” Mark LaNeve, GM’s vice president of U.S. sales, told reporters during a conference call.”

The September slump…

2Oct2009 | The Real Deal | 1 comment | Continued

Chicago PMI Indicates Contracting Economy

The sugar high may be wearing off sooner then I expected.

Bloomberg:

A measure of U.S. business activity unexpectedly shrank in September, indicating companies are likely to…

1Oct2009 | The Real Deal | 0 comments | Continued

Getting a New Job Will Get More Difficult

Star and Tribune:

Despite signs that the economy has resumed growing, unemployed Americans now confront a job market that is bleaker than ever in the current…

28Sep2009 | The Real Deal | 1 comment | Continued

How Capital Controls Work

Sovereign Man:

(skip)

Foreigners are continuing to lose confidence in the US economy at a record pace and are finding better places for their money. This would…

25Sep2009 | The Real Deal | 0 comments | Continued
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