Archive for the ‘economy’ Category
A letter from George Soros
George Soros Financial Times, April 23, 2010 The US Security and Exchange Commission’s civil suit against Goldman Sachs will be vigorously contested by the defendant. It is interesting to speculate which side will win; but we will not know the result for months. Irrespective of the eventual outcome, however, the case has far-reaching implications for.
The most patriotic thing you can do is make yourself energy efficient
Picture in your head for a second 20 million barrels of oil. Picture drums of oils stacked on top of each other, 20 million of them! That is the amount of oil we import in the United States in one day! http://www.jeremywhittaker.com/2009/10/15/where-in-the-world-is-all-the-oil/ I’m not going to make the pitch that we need to reduce our.
Gas prices are set to go down
Today Iraq for the first time since 1972 has opened it’s oil fields to the big oil companies. This post is not to argue the rights or wrongs of this. But I’m betting that we start to see a steady decline in gas prices and oil futures over the long term. To get gasoline price,.
The 2011 defense budget
The 2011 defense budget has been released. With a small increase over 2010′s budget at $708 billion. The cost of the wars in Iraq and Iraq forecast at $159bn The biggest winners are the military contractors. Here they are in order. Lockhead Martin $31.3bn Boeing $20.9bn Northrop Grumman $16.1bn General Dynamics $15.9bn Raytheon $15bn United.
What is the forecast gross government debt in 2010?
As a % of GDP here are the leaders: Greece: 124.9 Italy: 116.7 Begium: 101.2 Portugal: 84.6 Eurozone Average: 84 Ireland: 82.9 France: 82.5 UK: 80.3 Hungary:.
Here comes the United States dollar
The United States dollar has it all time highs against the Euro. People are fleeing European countries that are in serious trouble Portugal, Italy, Ireland, Germany, and Spain or PIIGS. They are also selling off equities like gold and oil. This all has forced the dollar to an eight month high against the Euro and.
What are the top 10 global banks by total assets
With all the outrage over banks lately I decided to write a quick summary of the largest banks in the world. This is to help people put in perspective how large certains banks actually are. All of these figures are based on the revenue of the bank. Rank Bank Country Ticker Assets (in US$Mil.).
New HUD announcement: Short sell your house and buy a another
The department of housing and urban development(HUD) has a new FHA program. You can now short sell your house and qualify to purchase another one. You no longer have to wait 3 years. There are however qualifications for this program. 1. Get approved from a mortgage company before selling your house. 2. Your credit score.
Justices decide 5-4 future elections will go to the highest bidder
One week ago today something truely sad happened to our republic. By a 5-4 vote justices in the supreme court decided that for profit corporations can spend as much much as they want on our elections. You can say America is no longer the same with this ruling. The floodgates of funds from the companies.
George Soros says gold is the next bubble
George Soros one the most well known currency traders, if not the well most currency trader today, stated that there are asset bubbles developing around the world. “The ultimate asset bubble is gold”. I cannot agree more. People flock to gold during times of economic crisis. I wrote a previous blog entry on this that.
