Latest financial market news: • FTSE 100 up on decent Asian showing overnight • More M&A excitement with Avis takeover • Glencore and Tesco release results • UK inflation (CPI/RPI) numbers in line with expectations • Investors looking to plentiful US economic indicators data this afternoon, including US retail sales
US Is Nearing Even Worse Financial Crisis: Jim Rogers Jim Rogers, Rogers Holdings chairman/CEO discussing the economy, rising debt, China’s growth prospects and oil prices. www.cnbc.com Why are some still listening to this guy (Bernanke)? www.youtube.com Federal Reserve Statistical Release, Z.1, Flow of Funds Accounts of the United States www.federalreserve.gov Debt Clock www.usdebtclock.org
See post and transcript here thinkprogress.org EXCLUSIVE: Eric Cantor Promises Oil Speculators That Republicans Will Block Financial Regulations House Majority Leader Rep. Eric Cantor (R-VA) visited the Chicago headquarters of the CME Group, “the world’s largest owner and operator” of private exchanges for derivatives products. CME Group specializes in a number of markets, including trading futures contracts for various blends of crude oil and food commodities. Cantor met with executives, and at one point, gave brief remarks before CME Group employees and various commodity speculators. Cantor told the audience of speculators that his Republican caucus would “do our part” to block the implementation of financial reforms passed last year as part of the sweeping Dodd-Frank law. He even called out the Commodity Futures Trading Commission, the regulators in charge of overseeing derivatives and energy speculation, and promised to stop regulations from going online: Currently, energy speculation is at an all time record high. In 2008, according to many analysts, oil speculation — which took place on unregulated private exchanges owned by the CME Group and a set of international exchanges — spiked gas prices to unprecedented levels. Now, excessive oil speculation is again driving the pain at the pump. While Goldman Sachs has claimed that at least of the current price of crude oil is due to speculation, financial experts contacted by ThinkProgress say the Goldman Sachs number …
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Stock Market and Economic forecast using common sense analysis and decision making techniques. Focus is on the US Dollar, Commodities (CRB Index), Bonds (10 Yr. Treasuries), and the Stock Market (DJIA 30). Gold, silver and oil are often discussed when relating to commodities. How to Turn 000 into Million or Collapse Trading Stocks! Stocks trading in this portfolio started out at k 1/28/10. Each week the worst stock is sold and a new stock is added. Stock performance will be compared to the buy and hold stock strategy at the end of 1 year. Stocks covered this week include: Tempur Pedic, Continental Resources, El Paso Pipeline, Endo Pharmaceuticals, and Speadtrum Communications. One stock will be sold and a new stock will be bought!
Alex talks with Catherine Austin Fitts, the president of Solari, Inc., the publisher of The Solari Report, managing member of Solari Investment Advisory Services, LLC. Fitts served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration. www.solari.com/ www.infowars.com www.prisonplanet.tv
Alex talks with Catherine Austin Fitts, the president of Solari, Inc., the publisher of The Solari Report, managing member of Solari Investment Advisory Services, LLC. Fitts served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration. www.solari.com/ www.infowars.com www.prisonplanet.tv
Alex talks with Catherine Austin Fitts, the president of Solari, Inc., the publisher of The Solari Report, managing member of Solari Investment Advisory Services, LLC. Fitts served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration. www.solari.com/ www.infowars.com www.prisonplanet.tv
