Newsclips
Cartoons
March 14, 2011
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The Wall Street Journal – Magnitude-8.9 Quake, Tsunami Strike Japan The strongest earthquake to hit Japan in at least 300 years rocked the country on Friday afternoon, triggering a 10-meter tsunami that violently engulfed cars and other objects in its path in northern Japan, forcing tens of thousands of people to evacuate their homes and… Continue reading An Earthquake Hits Japan
Bloomberg.com – Saudi King Counters Protests With $36 Billion as Tension Mounts As unrest escalated across the Middle East, activists in Saudi Arabia demanded a political voice as well. Rather than promises of democracy, they got a $36 billion handout and a slap down from Islamic clerics. Saudi academics, writers and representatives of the minority… Continue reading The Day Of Rage
<Click on chart for larger image> China Daily – Steer clear of US debt, expert warns China, the largest US creditor, should stop buying US Treasuries because the “cost” of lending to a nation that may face a default on its debt is too high, said former Chinese central bank adviser Yu Yongding. The US… Continue reading Will China Sell Treasuries?
MSN/Money – Bill Fleckenstein: Whither Wall Street without the Fed? As the market struggles while ignoring bad news, the easy-money days are coming to an end. The Street’s best hope for more liquidity to help it climb higher is to go lower first. For the moment, the massive debts (and associated ramifications) of the PIIGS… Continue reading What Happens When QE2 Ends?
<Click on chart for larger image> USA Today – Spike in big down days raises stock market doubts The dip-free stock market may finally be losing its upward mojo. Stocks on Wall Street have not suffered a sizable price dip — the kind that unnerves investors — in more than six months. The Standard &… Continue reading Worries About Stocks
Bloomberg.com – Caroline Baum: Oil at $100 Kills Brain Cells, Impairs Log The early symptoms of high oil price syndrome, or HOPS, can easily be masked or confused with a more generalized form of lazy economic thinking. For example, those afflicted with HOPS start making assertions that higher oil prices are inflationary, as if relative… Continue reading Is High Oil Inflationary?
Bloomberg.com – Spain’s Rating Downgraded to Aa2 by Moody’s Over Bank Cost Concerns Spain’s credit rating was cut to Aa2 by Moody’s Investors Service, which said the cost of shoring up the banking industry will eclipse government estimates. The euro fell and Spanish bond yields rose. Spain will spend as much as 50 billion euros… Continue reading Europe
Bloomberg.com – China February Consumer Prices Rise 4.9%, Exceeding Target China’s inflation and industrial production exceeded forecasts in February, underscoring the challenge for Premier Wen Jiabao as he seeks to prevent price increases from stirring social unrest. Consumer prices rose at an annual 4.9 percent pace in February and output increased 14 percent in the… Continue reading China’s Inflation
The Washington Times – Utah Legislature goes for gold, silver as currency options Seen as hegde against dollar slide The Utah Legislature on Thursday passed a bill allowing gold and silver coins to be used as legal tender in the state — and for the value of their precious metal, not just the face value… Continue reading Gold And Silver As Legal Tender?
The Economist – Buttonwood: Yale may not have the key When diversification doesn’t work THERE can be fashions in investing as well as in the arts. Over the past 25 years many university endowments have moved over to the “Yale model”, an investment strategy adopted by the Connecticut-based university in the 1980s. Under the leadership… Continue reading The Yale Endowment Model Is Questioned
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