Oil Price heads to $80 as Global Demand for Crude Oil Soars

The international energy Agency raised its forecast for global demand of crude oil , IEA says it sees signs the Recession is bottoming out
CBA's Moore expects oil prices to head to $80 a barrel over 2010.

Housing bubble a lot of Trouble !!!

Mortgage : A musical commentary on the current real estate situation in America
Tags : real estate housing bubble interest rates economy foreclosures remortgage real estate economy finance stock market liquidity speculative ARM

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.

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