June 1 (Bloomberg) -- Mitul Kotecha, head of global currency strategy at Credit Agricole CIB, talks with Bloomberg's Rishaad Salamat about his forecast for the euro. Kotecha, speaking from Hong Kong, also discusses a proposal that central banks set up a permanent arrangement for foreign-currency swaps to help address the type of funding shortages that emerged during the global financial crisis, and the outlook for the won and yuan. (Source: Bloomberg)
Monday, May 31, 2010
U.S. Stocks Drop, Dow Average Ends Worst May Since 1940
May 28 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks slid, capping the worst May for the Dow Jones Industrial Average since 1940, while the euro slumped and Treasuries rose as a downgrade of Spain's debt rating and escalating tensions on the Korean peninsula triggered a flight from riskier assets. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)
BP Bring in Robots in Latest Attempt to Curb Oil Spill
May 31 (Bloomberg) -- Bloomberg's Mark Barton and Lizzie O'Leary report on BP Plc's efforts to stem the largest oil spill in U.S. history. BP will use undersea robots to begin cutting damaged pipe from its leaking oil well off Louisiana as early as today, risking temporarily increasing the flow.
Robert Kiyosaki : Silver is the best hedge against inflation
Robert Kiyosaki : Gold has no value to it , unlike Silver which is an industrial precious metal it is used in cell phone cameras computers and most of the IT gadgets , today there is more gold on planet earth than there silver , Silver is a bargain today a year ago one ounce of gold could buy one ounce of silver today one ounce of gold could but 70 ounces of silver , it is fantastic....
Bob Chapman : Fiat Money And Schemes Collapsing
Bob Chapman on The Goldseek Radio 29 May 2010
Goldman Sachs will get a hand slap, the Greek Tragedy continues, signs of growth not real, more market manipulation to report on, never incremental news, a broken system of risk-free trade and return
The DOE reported crude oil inventories up 646,000 barrels, gasoline fell 3.19 m/b and distillates rose 1.52 m/b.
The commercial paper market fell again by $2.6 billion to $1.073 trillion.
Goldman Sachs wants to settle with the SEC exactly as we predicted. They would neither admit nor deny and be fined $1 to $ 2 billion, which is chump change to them.
Lehman is seeking return of $8.6 billion that JPMorgan Chase seized before Lehman filed for bankruptcy. The claim is Morgan had unparalleled inside knowledge. There is no honor among thieves.
Part of the deflationary mode is borrowers are paying down debt and saving at a 3.4% rate. It could be the elitists, as we speculated months ago, want to take down the entire world financial system in the next 1-1/2 to 2 years. Hi Ho stimulus. The fiat Ponzi scheme is collapsing.read more >>>
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt
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