Search

Newsclips

Will Bill Gross Become The Next Federal Reserve Chairman?

May 11, 2011

MarketWatch.com – Paul B. Farrell: Bill Gross: The leader Treasury, Fed needs This new leader: Pimco’s Bill Gross. He’s already a proven leader and statesman as head of a $1.2 trillion global financial institution. And in his recent “Devil’s Bargain” he clearly sees that “money has become the economic and political wedge for profound changes… Continue reading Will Bill Gross Become The Next Federal Reserve Chairman?

Newsclips

Chinese Inflation

May 11, 2011

The Wall Street Journal – China Price Pressure Persists Despite CPI Slowdown The rate of increase in China’s consumer prices eased slightly in April to 5.3%, though the government was widely expected to continue its campaign of raising interest rates and boosting bank reserve requirements to try to contain inflation. Leaders of the world’s second… Continue reading Chinese Inflation

---

Newsclips

The Coming Gold Standard?

May 11, 2011

Human Events – Forbes Predicts U.S. Gold Standard Within 5 Years A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills, Steve Forbes predicted during an exclusive interview this week with… Continue reading The Coming Gold Standard?

Newsclips

Draghi Is The Man

May 11, 2011

The Financial Times – Merkel backs Draghi to head ECB Angela Merkel, German chancellor, has finally given her public blessing to Mario Draghi, governor of the Italian central bank, to become the next president of the European Central Bank. “Germany could support his candidacy for the job of ECB president,” she said in an interview… Continue reading Draghi Is The Man

---

Newsclips

The End Of The Alaskan Pipeline?

May 11, 2011

The Wall Street Journal – Shrinking Oil Supplies Put Alaskan Pipeline at Risk When the famed Trans Alaska Pipeline carried two million barrels of oil a day, the naturally warm crude surged 800 miles to the Port of Valdez in three days and arrived at a temperature of about 100 degrees. Now, dwindling oil production… Continue reading The End Of The Alaskan Pipeline?

Newsclips

Didn’t This “Inspire” The Flash Crash?

May 11, 2011

The Wall Street Journal – Greece Hit by General Strike Public services across Greece ground to a halt Wednesday as hundreds of thousands of civil servants, dockworkers, teachers and hospital staff walked off the job to protest new government austerity measures. Around the country, central and local government offices were closed, hospitals and ambulance services… Continue reading Didn’t This “Inspire” The Flash Crash?

---

Newsclips

Zimbabwean Bills Are Worth Big Bucks On Ebay

May 11, 2011

The Wall Street Journal – How to Turn 100 Trillion Dollars Into Five and Feel Good About It A 100-trillion-dollar bill, it turns out, is worth about $5. That’s the going rate for Zimbabwe’s highest denomination note, the biggest ever produced for legal tender—and a national symbol of monetary policy run amok. At one point… Continue reading Zimbabwean Bills Are Worth Big Bucks On Ebay

Newsclips

Cartoons

May 11, 2011

None Today

---

Newsclips

Citi’s Reverse Split

May 10, 2011

The Wall Street Journal – Citigroup Instantly Becomes a $40 Stock Citigroup, the heaviest-traded U.S. stock that accounted for 6.8% of total U.S. stock trading volume last year, drastically shrunk its share count. The move instantly erased its single-digit stock price, which has been a persistent reminder of the trauma the bank suffered during the… Continue reading Citi’s Reverse Split

Newsclips

Margin Hikes Hitting The Oil Markets

May 10, 2011

MarketWatch – CME hikes oil, gasoline margin requirements U.S. exchange operator CME Group said Monday it is raising the margin requirements for trade in a wide range of oil products, effective Tuesday. The requirement for a new position in benchmark New York Mercantile Exchange crude contracts rises to $8,438 from $6,750 previously, with margins also… Continue reading Margin Hikes Hitting The Oil Markets

---

Newsclips

Commodities As An Asset Class

May 10, 2011

The Financial Times – Lex: Commodities: back to the futures The historical evidence is clear that a long-term investment in physical commodities is likely to deliver only a puny nominal return. But academics, many of them hired as consultants in the past decade by the likes of commodity index-providers Goldman Sachs and AIG, convinced portfolio… Continue reading Commodities As An Asset Class

Newsclips

A Return To The Gold Standard?

May 10, 2011

Seeking Alpha (Blog) – Jim Grant Calls for Return to a ‘True Gold Standard’ In a witty session today entitled “Bonfire of the Currencies” at the 64th CFA Institute Annual Conference in Edinburgh, James Grant, founder and editor of Grant’s Interest Rate Observer, called for the return to a “true gold standard (that) favors no… Continue reading A Return To The Gold Standard?