Archive for April, 2007
China’s Food Safety Woes Now a Global Concern
April 16th, 2007Via: MSNBC: The list of Chinese food exports rejected at American ports reads like a chef’s nightmare: pesticide-laden pea pods, drug-laced catfish, filthy plums and crawfish contaminated with salmonella. Yet, it took a much more obscure item, contaminated wheat gluten, to focus U.S. public attention on a very real and frightening fact: China’s chronic food […]
U.S. DOLLAR BREAKDOWN CONTINUES
April 16th, 2007Guys, we’ve got a heavy equipment operator on our farm helping us with our major projects, so I’m outside today. Please review: U.S. Dollar Index Breaches Significant Weekly Supports and Gold: Switch Off Your Targeting Computer Those stories will put the breaking news into some context.
FDA Attempting to Regulate Supplements, Herbs and Juices as “Drugs”
April 14th, 2007Just have a clone burger instead. Via: Organic Consumers: When it comes to health freedom, this is the FDA’s end game. A new FDA “guidance” document, published on the FDA’s website, reveals plans to reclassify virtually all vitamins, supplements, herbs and even vegetable juices as FDA-regulated drugs. Massage oils and massage rocks will be classified […]
How Did a Strawberry Picker Earning $15,000 a Year Qualify for a Loan of $720,000?
April 14th, 2007There is no way to know how weird this is going to get. Via: sfgate: “We wanted to live in Watsonville,” says Rosa. “But [the real estate agent] said the houses there were older and more expensive.” One of the first homes they were shown was a “new” four-bedroom, two-bath house in Hollister for $720,000. […]
MI5 Trains Supermarket Checkout Staff
April 14th, 2007Via: The Independent: Supermarket checkout staff are being trained by the security services in how to detect potential terrorists. MI5 has been secretly advising food retailers, including Asda and Tesco, on how to identify extremist shoppers. Measures include increasing CCTV in underground carparks to prevent bomb attacks and being alert to mass purchases of mobile […]
U.S. Dollar Index Breaches Significant Weekly Supports
April 14th, 2007Yesterday, in Gold: Switch Off Your Targeting Computer, I wrote: The U.S. dollar has been clobbered and may be technically oversold. While the U.S. dollar is in a descending triangle pattern now (bearish), it has also formed a creepy double bottom on weekly charts (bullish). So, what is it: a double bottom, or a descending […]
London Police Radio Announcement Tells People to Report Anything or Anyone Suspicious to Counter Terror Hotline
April 13th, 2007I just learned of an almost unbelievable radio ad campaign that has been running in and around London. This sounds like a British version of the, Inoffizielle Mitarbeiter, or the Unofficial Collaborators, of the infamous East German Stasi. Listen for yourself (mp3 hosted on Cryptogon). And don’t miss the insightful posters if you click through […]
Gold Breaks Above 680
April 13th, 2007WARNING: This is not a recommendation to buy sell or hold any financial instrument. Key resistance.
HOME PRICES MAY FALL 20% AMID BAD LOANS
April 13th, 2007A quick passage from my Wall Street Chop Shop story is in order here: The firm externalized the financial risks of being in this business by selling all of the paper they generated into the secondary mortgage market at the end of every month. This is an institutional marketplace that trades in commoditized mortgages, “debt […]
China’s Foreign Reserves Rise Past $1.2 Trillion
April 13th, 2007Any guesses on what that U.S. trade deficit number is going to show in a few hours… Via: Forbes / AP: China’s foreign reserves, already the world’s largest, have risen past $1.2 trillion, a state news agency said Thursday, amid surging trade and plans to create a multibillion-dollar company to invest some of the stockpile. […]
