Archive for January, 2009
Jim Rogers: ‘Sell Any Sterling You Might Have. It’s Finished’
January 21st, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Sterling holders, consider reducing or eliminating your exposure to GBP denominated assets immediately. —Cryptogon, 18 September 2007 A bit late, don’t you think, Jim??? I’m glad that some Cryptogon readers in Britain have defended themselves by turning their pounds into gold […]
MySpace Celebrity and Katalyst Present the Presidential Pledge
January 21st, 2009Britain Could be Facing National Bankruptcy
January 21st, 2009Is Britain using the Euro yet? Nope. Not yet. Just wait… I’m not so convinced that this is incompetence, like the article implies. National currencies are the enemy. And Gordon Brown is such a tool (yes, tool, not fool). What do you expect from a crook who sold half of the British people’s public treasure […]
Obama to Defend Telco Spy Immunity
January 20th, 2009Via: Wired: The incoming Obama administration will vigorously defend congressional legislation immunizing U.S. telecommunication companies from lawsuits about their participation in the Bush administration’s domestic spy program. That was the assessment Thursday by Eric Holder, President-elect Barack Obama’s choice for attorney general, who made the statement during his confirmation hearings before the Senate Judiciary Committee. […]
Gaza ‘Looks Like Earthquake Zone’
January 20th, 2009Via: BBC: The worst-hit areas in the Gaza Strip after Israel’s three-week offensive look as if they have been hit by a strong earthquake, aid agencies say. Correspondents in Gaza City say entire neighbourhoods have been flattened and bodies are still being recovered. The UN says it is still sheltering at least 35,000 Palestinians while […]
More Americans Joining Military as Jobs Dwindle
January 20th, 2009Via: New York Times: The last fiscal year was a banner one for the military, with all active-duty and reserve forces meeting or exceeding their recruitment goals for the first time since 2004, the year that violence in Iraq intensified drastically, Pentagon officials said. And the trend seems to be accelerating. The Army exceeded its […]
Cost to Insure Against U.S. Default on Debt at Record High
January 20th, 2009Via: Reuters: The price investors pay to insure themselves against the U.S. government defaulting on its debt jumped to a record high on Monday, according to data provider CMA DataVision. Five-year credit default swaps on U.S. Treasuries widened to 69.5 basis points from 61.1 basis points at the New York close on Friday, CMA DataVision […]
The Goldman Sachs Long Call on Oil
January 20th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. People are hammering my inbox with this story. I try to ignore anything that oozes out of GS. The fact that their analysis is even in the same ballpark as mine makes me wonder if my original fundamental analysis was deeply […]
Obama’s Inauguration Has Been Financed Partially by Bailed-Out Wall Street Executives
January 20th, 2009Change. Via: ABC: The country is in the middle of the worst economic downturn since the Great Depression, which isn’t stopping rich donors and the government from spending $170 million, or more, on the inauguration of Barack Obama. … But there are plenty of rich donors willing to pick up the tab. “They are not […]
Spain Downgraded by S&P
January 19th, 2009Via: Bloomberg: Spain had its AAA sovereign credit rating removed by Standard & Poor’s in the second downgrade of a euro-region government in five days, as the country’s first recession in 15 years swelled the budget deficit. The risk of losses on Spanish government debt rose to a record today, credit-default swaps showed, after S&P […]
