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Wednesday, March 26, 2008
Saturday, March 22, 2008
Harold Pinter Nobel Prize Speech 2005. Art, Truth, Politics
Check out this video: Harold Pinter Nobel Prize Speech 2005. Art, Truth, Politics.Add to My Profile | More VideosNobel Lecture"When we look into a mirror we think the image that confronts us is accurate. But move a millimetre and the image changes. We are actually looking at a never-ending range of reflections. But sometimes a writer has to smash the mirror for it is on the other side of that mirror...
Friday, March 21, 2008
Familles espagnoles endettées à vie
Familles espagnoles endettées à vieVideo sent by FRANCE_24 REPORTAGE: L'essor économique s'est appuyé sur les emprunts à très long terme. Aujourd'hui, la crise du crédit se répercute sur le marché immobilier. (Reportage : A.Percept)http://www.france24.com/fr/monde...
Thursday, March 20, 2008
Crise américaine : dernière marche avant nationalisation des banques
Source: Marianne'Va-t-on vers une crise « à la 1929 ? » Tous les ingrédients sont réunis pour qu'on aille vers une catastrophe, sauf un : notre connaissance précisément de la Crise de 29. Il se trouve que Ben Bernanke, patron de la Fed, est précisément un spécialiste de la Crise de 29 ! Il veut donc à tout prix éviter ce qui s'est produit en 29, une crise de la liquidité, un « credit crunch » un resserrement...
Wednesday, March 19, 2008
What Goes Up,...
Source: Kitco"...Now, for the psychology of the event that will now be recorded as the most significant loss in gold since May of 2006, and, in fact, according to Bloomberg - the $59 decline the metal experienced today will be chalked up as its worst ever. Make no mistake, the Dow was not any better off today either, as a 300-point drop almost wiped out the post bailout/Fed euphoria from the other...
Beware The Parabolic Rise
Source: gold-eagle.com"...Conclusion It would be irresponsible to make any forecast given that this would be tantamount to crystal ball gazing. However, there is a technical argument which can be put forward to support the following possible conclusions: 1. Short term rates spike downwards one last time as the Federal Reserve moves to use up the last silver bullet in it arsenal of weapons. 2. This...
Tuesday, March 18, 2008
Gold Stock Scenarios
Source: 321gold.com"Mar 11, 2008 We have two potential scenarios in mind for the gold sector, the first of which can aptly be labeled "the 1973 model" because it involves the financial markets behaving in a similar fashion to the way they behaved during 1973. To help explain this scenario we've re-produced, below, two charts originally included [in] earlier commentaries. The first chart compares...
Liquidity Traps: Myth And Reality
Source: Mish's Global Economic Analysis"...Milton Friedman On Liquidity Traps Indeed the current setup is essentially the liquidity trap that Japan fell into. Wikipedia has this (and much more) to say about Liquidity Traps. 'In monetary economics, a liquidity trap occurs when the economy is stagnant, the nominal interest rate is close or equal to zero, and the monetary authority is unable to stimulate...
A financial crisis unmatched since the Great Depression, say analysts
Source: The Gardian "A century after John Pierpont Morgan rescued the New York stockmarket from a 50% sell off in share prices, his blue-blooded Wall Street bank was yesterday once again at the heart of attempts to contain the deepening global financial crisis. In an echo of the "bankers' panic" of 1907, JP Morgan responded to what is being billed as a meltdown of historic proportions by agreeing...
The collapse of Bear Stearns and the UK economy
Source: Money Week"In fact, the pound even fell against the dollar, unlike almost every other major currency. The horrible reality is that the markets think that the UK is in almost as much trouble as the US…""The Dow Jones actually managed to end higher yesterday, up 20-odd points by the close, as traders gradually calmed down after no other banks went to the wall. Fear had centred on Lehman Brothers,...
Sunday, March 16, 2008
Friday, March 14, 2008
Cassez vos télévisions
Cassez vos télévisions Video sent by robertofiorini Cassez vos télévisions !!! Tout est dit dans la vidéo : la manipulation des ames par les médias et l'opium des peuples via des divertissements abrutissants !!! Lisez, écoutez les gens dans la rue, même la radio, mais cassez vos télévisions !!! Et maintenant, complices du pouvoir. Apprenez à vous forger votre avis en regardant autour de vous...
Despite the Federal Reserve's efforts Wall Street fears a big US bank is in trouble
Source: Times Online"Global stock markets may have cheered the US Federal Reserve yesterday, but on Wall Street the Fed's unprecedented move to pump $280 billion (£140 billion) into global markets was seen as a sure sign that at least one financial institution was struggling to survive. The name on most people's lips was Bear Stearns. Although the Fed billed the co-ordinated rescue as a way of improving...
Quo Vadis, Part II
Source: Kitco"Overnight conditions in the gold market remained buoyant, with the metal being able to maintain above $990 per ounce although a few signs of potential slippage were seen in the small declines in oil and mild rise in the dollar. Equities fell in Japan, the Nikkei losing nearly 200 points as worries of a strong yen impacting the country's exporters manifested themselves once again. Speculation...
$1000 Falls. Quo Vadis?
Source: Kitco"The countdown to $1,000 gold finally ran out at 10:35 am New York time today as spot bullion reached a historic high of $1,000.25 bid amid the global market conditions that had emerged overnight. The final push to the peak came on the heels of a slump in US retail sales and following a lack of reassuring words or offer of aggressive remedies for the credit black hole by the Mr. Paulson...
Why $1,000 an ounce isn’t the peak for gold
Source: Money Week"It was a bit of record-breaking day yesterday. Gold touched $1,000 an ounce, a nominal (excluding inflation, in other words) record. Crude oil hit $111 a barrel, a record even if you do adjust for inflation. Why the ongoing surge in key commodity prices? Well, it’s down to the dollar, which also broke a series of records, though on the way down, rather than the way up. The US currency...
Carlyle Capital in default, on brink of collapse
Source: The Gardian"Reuters, Thursday March 13 2008 By Reed Stevenson AMSTERDAM, March 13 (Reuters) - Carlyle Capital Corp, an affiliate of private equity firm Carlyle Group, is in default on about $16.6 billion of debt and said its lenders would likely take possession of its remaining assets. The news provided a new sign of stress in global credit markets and affected asset prices and sentiment worldwide....
Monday, March 10, 2008
The age of triple-digit oil is here to stay
Money Week"...In 2007 the oil price went up by more than 50%... it is almost up by 20% this year so far… but there is more to come. If you think that Opec will make any significant moves to ease the price, I think you are mistaken. If you reckon they can have a significant impact on the price, I would disagree. If you believe that demand will slump, I suspect that you are wrong. The oil sector will...
"So, what is happening with regard to our Economy?"
"Final US Economic End-Game
...Though I’ve been talking about it since 05 (and many early on considered me a knucklehead for my non-conformist viewpoint), I think it is now becoming common knowledge that the largest speculative bubble in our world’s history (housing bubble) has popped and its reverberations are being felt across the globe:
Hedge funds are collapsing, bank write-downs are growing, toxic waste marked-to-model Commercial Paper (CP) sitting in off-balance sheets cannot be offloaded, credit markets are completely locked up, home foreclosures (the catalyst to all these problems) are growing, consumer spending (70% of our economy) is waning, consumer inflation is raging, construction spending is down, the dollar is falling off a cliff, job losses are increasing, state revenue is falling—many are slashing budgets, and the list goes on…
The Fed and our Plunge Protection Team (PPT) understand that deflation is taking hold and they are operating in emergency mode... In a brazen attempt to prevent a collapse of the entire banking/financial systems (and hence the US Economy) “Helicopter” Ben Bernanke has officially sacrificed the dollar in the hopes of printing/inflating our way out of this financial mess -- to prevent an economic depression.
Take a look at the US dollar chart below -– NEVER in our country’s history has the US Dollar been weaker. Why so low? Our policymakers are covertly demanding a weak dollar..."
Η παντοκρατορία του χρυσού και τα αποθέματα των κεντρικών τραπεζών
Kathimerini"The Economist Η τιμή του χρυσού αυξάνεται ραγδαία. Στις 5 Μαρτίου, έφθασε το ρεκόρ των 991,9 δολαρίων η ουγγιά και αναμένεται να εκτιναχθεί ακόμα υψηλότερα στο εγγύς μέλλον. Η αύξηση αυτή εντάσσεται εν μέρει στο πλαίσιο ανόδου των τιμών των πρώτων υλών διεθνώς, με εκείνη του πετρελαίου να ξεπερνά το ψυχολογικό όριο των 100 δολαρίων το βαρέλι και των σιτηρών να αγγίζει επίσης πρωτοφανή...
Friday, March 7, 2008
Aegean - Greeks in London
Απίθανη διαφήμιση... Πως να το κάνουμε, αισθητή η παρουσία μας, παντού. Μας το αφιερώνω εξαιρετι...
Monday, March 3, 2008
CURRENT EVENTS: FEBRUARY- THE FINANCIAL SECTOR CRISIS CONTINUES
Source: The Richter Report"Greetings! February's events confirmed that we are in the middle of the most serious banking and financial sector crisis since the 1930s. We also got more confirmation that the U.S. economy is in a recession. The technical signals for the U.S. stock markets continued to confirm that we are in a bear market. The actual performance of the stock markets confirmed it as...
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