World Finance, Macro Economics, Global Markets, Mega-Trends
Feb. 17 (Bloomberg) — Billionaire George Soros’s Soros Fund Management LLC more than doubled its holding in the biggest gold exchange-traded fund in the fourth quarter after bullion advanced 8.9 percent to a record. The $25 billion New York-based firm became the fourth- largest holder in the SPDR Gold Trust, adding 3.728 million shares valued…
Currency Trading Is Place to Make Your Fortune: February 16.2010 Buzz on The Street: Usually reluctant to respond to requests for career advice that occasionally find their way into my e-mail box. There is a move so obvious for anyone finishing college or university this year, or contemplating their next step up the career ladder,…
IT’S not the economy, stupid, it’s you. An adviser to small businesses offers hard-edged solutions to problems faced by most entrepreneurs. His advice is to put profits above all. Always pay yourself first. Shock your laggard employees. Don’t accept excuses. His ax falls on trade shows (“they’re just a flimsy excuse for a paid vacation”),…
Christie’s and Sotheby’s jockey for position in 2010 Feb 15th 2010 IN 2009 Christie’s year on year sales fell by a third, but it was definitely Christie’s year. The private auction house, owned by François Pinault, a French luxury-goods billionaire, sold four of the year’s five most-expensive works and seven of the top ten. Of…
Dubai debt concerns re-emerged Friday as the cost of protection against a default by the Persian Gulf emirate climbed to the highest level since November, according to data provider Markit. The price of credit default swaps on Dubai government debt jumped to 630 basis points on Friday, up from 592 on Thursday, Markit data show….
The most provocative of all of the charts which I have been studying in the last six months suggests the fall is inevitable. All of the government maneuvers will fail because delinquent first mortgages are now equal in number to three times a balanced for-sale inventory (Please see above “Delinquent Mortgages: Will They Overwhelm Supply?”)….
Making The Move To Community Banks
Obama unveils 2011 budget with $3.83T in spending
After years of trying to understand inflation I have to thank Harry S. Dent for the BEST explanation, and why inflation is going to cease to be a problem for the next 5-10 years, as the growth of the labor force shrinks because of retiring baby boomers: