Credit Suisse stays overnight on gold and says the price can continue to rise as long as the fund rate stays below 2%. (Bloomberg News)
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Monday, October 19, 2009
Asian Currencies On Fire Bloomberg Oct. 19, 2009
Over the last few months The Asian currencies have seen the biggest rally since 1998 ,Indonesia India Tai Wan Thailand are set to be amongst the best performers next year , these currencies are still under valued
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Asian Currencies
Commodities to Watch - Gold Copper
Today's Gold Prices are 53% Below 1980 Peak - Too Expensive for Diwali This Year?; According to Galena Asset Management, Copper May Fall Before 2010 Rally (Bloomberg News)
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Business, Careers & Occupation, Economy, Editors Pick, Holiday, Home & Lifestyle, International, Law & Legal Issues, Personal Finance, mining
S&P and Dow Reaching New Highs for 2009
Market Close October 19
All Three Major Indexes Each Rise Less Than 1%, S&P and Dow Reaching New Highs for 2009; Caterpillar Shares Rise 6% Ahead of Tomorrow's Earnings Report; S&P Energy Index Rises 1.2%; Smith International Raised to "Buy" at Morgan Stanley (Bloomberg News)
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Banking, Business, Economy, Editors Pick, Energy, Law & Legal Issues, Manufacturing, Personal Finance, Stock Market
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S-P 500
Housing Outlook Without Credit, We Could See Double Dip
Housing Recovery Slips - Interview with NAHB President Jerry Howard (Bloomberg News)
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Housing Market
Oil Prices Keep on Chugging
Oil Prices at One Year High, What's Behind the Rally? - Analysis and Discussion with Morgan Downey of Standard Chartered Bank (Bloomberg News)
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Crude Oil Price
Another Financial Bubble Comes Into View by Bob Chapman
Bob Chapman
The International Forecaster
October 19, 2009
Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.
The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund
Read Article >>>>>
The International Forecaster
October 19, 2009
Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.
The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund
Read Article >>>>>
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Articles
Housing Market Getting Worse Elizabeth Warren on Tech Ticker
Rising U.S. Unemployment Continues to Haunt Housing Market
"We see things getting worse in the housing market," Warren says, citing the pernicious effects of foreclosures, which rose 5% in the third quarter to a total of 937,840, according to RealtyTrac.
"The long-term impact of high foreclosure rates on our housing market and overall economy would be disastrous," Warren warns, citing estimates that 10 to 12 million U.S. homes could ultimately go into foreclosure. "We have to get foreclosures under control."
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Foreclosure
Google Rock Solid After Earnings Report net income rose 27 % $5.13 a share
Google CEO Eric Schmidt says the worse of the recession is over
Oct. 16 (Bloomberg) -- Henry Blodget, chief executive officer of The Business Insider, talks with Bloomberg's Betty Liu about Google Inc.'s third-quarter profit reported yesterday. Google said net income rose 27 percent to $1.64 billion, or $5.13 a share, beating analysts' estimates. (Source: Bloomberg)
CLICK HERE TO WATCH VIDEO >>>>
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Shares
Gold at Record Still Below Inflation Adjusted 1980 High Bloomberg
Oct. 19 Golds rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak according to Bloomberg. Despite the fact that gold rose 19 percent this year to a peak of $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades because of inflation , eroding the metals value. (Source: Bloomberg)
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CLICK HERE TO WATCH VIDEO
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Gold Inflation
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