So, there has been a burning news in the media recently. Whether Gulf states would be using USD or not for Oil Trades going forward. This is a devastating news for USD and as you can see markets reacted almost immediately Gold shot up to 1050.00 USD/Oz. right away. Even though this is not going [...]
Entries Tagged as 'Finance & Economy'
-Gulf states to settle trades in other currencies.
October 12th, 2009 · No Comments
Tags: Currencies · Finance & Economy
-Audit Feds yes or no ?
September 20th, 2009 · No Comments
This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners (or ‘central liquidity swaps’ in Federal Reserve-ese’).
Which financial institutions received this money? Bernanke’s answer: I don’t know.
As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke’s [...]
Tags: Finance & Economy
Economic Recovery Sep-09
September 6th, 2009 · 1 Comment
I made posts earlier about GreenShoots detailing each sector one by one you can read about them here and that’s OK.
But, here we are in September of 2009. Question still remains economic recovery or not ? those greenshoots should have become tress by now right ? Seems to be a very puzzling question everybody [...]
Tags: Finance & Economy
-TGIF 09/04/09
September 3rd, 2009 · No Comments
Good or bad you decide….I guess what’s been told in the media and what the reality is are two different things. Here is personal journey of Chris half way across planet. 30 days, just 30 days and he is a changed man forever.
Tags: Indian Economy
-TGIF 07/16/09
July 16th, 2009 · No Comments
You think I am bad…check out this article done by RollingStong magazine it’s a well established magazine…pay attention to the language. It’s a bit long that’s why I am posting it on Friday so that you can read it over the weekend. But read you must.
Inside The Great American Bubble Machine
Matt Taibbi on how Goldman [...]
Tags: Finance & Economy