Sept. 20 (Bloomberg) -- Thomas Petrie, vice chairman of Bank of America-Merrill Lynch, talks about the U.S. government's moratorium on deep-water oil drilling and the outlook for oil production. Petrie also talks about BP Plc's Macondo well in the Gulf of Mexico and consolidation in the oil industry. He talks with Matt Miller and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Wednesday, September 22, 2010
Housing Starts Surge 10.5%
Housing starts surged 10.5% in August, to a seasonally adjusted annualized rate of 598,000. The jump was a surprise to economists, and a contrast to Julys data, which was revised downward slightly to an increase of just 0.4%.
Gold Hits Another Record as Dollar Tumbles On Fed Announcement
Max Keiser: Return to The Gold Standard
http://www.infowars.com/gold-hits-another-record-as-dollar-tumbles-on-fed-announcement/Not only are private investors flocking to gold, but so are central banks, as former stock broker Max Keiser noted on the Alex Jones Show yesterday. “Central banks for the first time in decades are buying gold,” Keiser explained. “Up until recently they were net sellers of gold, now they are actually buying gold. So, this is another huge piece of the equation for gold.”
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