The Real Deal Blog
Uranium bull may be back
Recent strong rebounds in spot uranium prices have analysts convinced the bull is back in the sector, which is now expected to weather nicely the current economic storm. Sure, many miners remain in trouble, but hopes of continued spot gains…
28Nov2008 | The Real Deal | 0 comments | ContinuedFED to issue credit cards to in debt consumers?
I’m joking of course but who knows as the ideas just get goofier.
The Federal Reserve took two new steps to unfreeze credit for homebuyers, consumers and small businesses, committing up to $800 billion.
The central bank will purchase as much as…
Fed Governor admits Fed is already engaged in quanatative easing
The Federal Reserve is already engaged in unorthodox “quantitative easing” and should prepare for the possibility that more extreme measures could be needed to guard against deflation, Don Kohn, its vice-chairman, said on Wednesday.
“We have already engaged in forms of…
21Nov2008 | The Real Deal | 0 comments | ContinuedWhen the going gets tough, the banks get to printing
In the short term, the U.S. and the rest of the developed world do not have to be overly concerned about rising prices as those economies are slowing down. But economic forces are gathering over a larger, secular timeframe to…
20Nov2008 | The Real Deal | 0 comments | ContinuedBernanke’s end game, dollar devaluation
There is another cost too. As interest rates move to zero, the Fed’s becomes less and less effective: low-yielding treasury bills are barely distinguishable from cash.
The answer to this is to expand the balance sheet: the Fed has to…
Supply not demand is the issue
Our planet is facing a severe energy crisis, however not many are paying attention. I find it amazing that rather than focus on the very real threat of ‘Peak Oil’, the majority of investors seem to be worrying about the…
18Nov2008 | The Real Deal | 0 comments | ContinuedChina should put conditions on US debt purchases
The nature of the current global financial crisis is the biggest debt crisis in America’s history. The issuer of the world’s reserve currency, the US has been borrowing for quite a long time without any limit. America’s trade, international payment…
17Nov2008 | The Real Deal | 0 comments | ContinuedState Budgets blowup
Center on Budget and Policy Priorities:
States are facing a great fiscal crisis. At least 41 states faced or are facing shortfalls in their budgets for this and/or next year. Over half the states had already cut spending, used reserves, or…
17Nov2008 | The Real Deal | 0 comments | ContinuedOctober 2008 budget deficit sets record
The federal government began the new budget year with a record deficit of $237.2 billion, reflecting the billions of dollars the government has started to pay out to rescue the financial system.
The Treasury Department said Thursday that the deficit…
World needs 64million barrels per day of new production by 2030
The energy watchdog is warning for the first time that oil output could pass its peak as power shifts from "super-majors" to national companies controlled by producer states. It highlights a potential oil-supply crunch.
The unprecedented wake-up call comes as…
12Nov2008 | The Real Deal | 0 comments | ContinuedGM almost out of cash
CNN Money
11/07/08
Chris Isidore
General Motors shook an already embattled auto industry Friday as it reported a huge quarterly loss that was much worse than expected and warned it is in danger of running out of cash in the coming months.
The nation’s…
10Nov2008 | The Real Deal | 0 comments | ContinuedChina announces $586 billion stimulus
China announced a $586 billion stimulus package Sunday in its biggest move to stop the global financial crisis from hitting the world’s fourth-largest economy.
A statement on the government’s Web site said China’s Cabinet had approved a plan to invest…
10Nov2008 | The Real Deal | 0 comments | ContinuedIEA report says global oil supply and consumption unsustainable
Oil prices will rebound to more than $100 a barrel as soon as the world economy recovers, and will exceed $200 by 2030, the International Energy Agency will say in its flagship report to be published next week.
While market…
Contrarian money manager bullish on gold and bearish on treasuries and dollar
The Smartest Man We Know has heard the slurs. When you make your living on Wall Street, yet hold the opinion that Wall Street is populated by incompetent fools, you’re not going to win a lot of friends…
28Oct2008 | The Real Deal | 0 comments | ContinuedThis is a precursur of things to come
After Mao drove the Nationalists off the Mainland in 1949, the cry went up among U.S. conservatives, "Who lost China?"
Now Washington might well worry about who lost Taiwan as a major investor in U.S. agency securities as the Republic of…
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