Friday, June 12, 2009

Bob Chapman the delinquency rate for bank-issued credit cards rose 11 percent

Financial Bailout Plan Keeps Zombie Banks Alive

Bob Chapman
International Forecaster
June 12, 2009
the following are a couple of snapshots from Bob Chapman's Newsletter

The biggest price swings in Treasury bonds this year are undermining Federal Reserve Chairman Ben S. Bernanke’s efforts to cap consumer borrowing rates and pull the economy out of the worst recession in five decades.

The yield on the benchmark 10-year Treasury note rose to 3.90 percent last week as volatility in government bonds hit a six-month high, according to Merrill Lynch & Co.’s MOVE Index of options prices. Thirty-year fixed-rate mortgages jumped to 5.45 percent from as low as 4.85 percent in April, according to Bankrate.com in North Palm Beach, Florida. Costs for homebuyers are now higher than in December.

Read Enrire Article here

Gold Declines as The U.S. Dollar Rises , Golden Opportunities NOW

The Strong dollar puts pressure on Gold , other precious metals drop to , Gold is seen as a safe heaven against the dollar fluctuations and the fear of inflation besides the increased liquidity in the system, Gold sells at around $950 this morning . a stronger dollar reduced demand for the metal as an alternative investment ...there are certainly a set of factors behind this drop of gold ...China has been lately stock piling in gold , which has reduced the availability of gold on the market , jewelry demand is soaring particularly out of India which is a big market for gold jewelry

Thursday, June 11, 2009

Bob Chapman the International forecaster The Swine Flu is a Scam

Bob Chapman on Drew Raines A Marines Disquisition continues his analysis of the markets gold silver inflation the dollar currencies commodities wall street the federal reserve market manipulation the swine flu scam and the dangers of the vaccine which will make the drugs company become rich ,Ron Paul and his audit the fed bill the 37th bank failure this week Madoff fraud tally being calculated, recession continues to deepen, financial zombies kept alive after almost destroying our financial system and much much more....