Tag: Economy
-
analyst: mystery trades were profit scam for fearmongers
from paul joseph watson: A financial analyst has slammed the so-called “Bin Laden trades” as part of a fearmongering scam that was used to chill confidence in the markets and enable insiders to reap huge profits after stocks plunged earlier this week. As we reported last month, an anonymous investor placed a bet of 245,000…
-
china’s ultimatum
let us invade taiwan or we’ll dump the dollarfrom paul joseph watson: The Fed’s decision to cut interest rates again is likely to send the dollar tumbling to historic new lows, leading one financial analyst to predict that China’s fury at the devaluation of its huge dollar reserves will provoke them into giving the U.S.…
-
thousands withdraw millions from uk’s 8th largest bank
from times online: The jitters plaguing financial markets spread to the high street for the first time yesterday as thousands of panicking savers queued to withdraw millions of pounds from Northern Rock, Britain’s eighth-biggest bank. The rush to pull out savings followed the revelation that Northern Rock had been forced to ask the Bank of…
-
oil & money
dollar hits all-time low against eurofrom ap business: The dollar plunged to its lowest point ever against the euro Wednesday amid speculation that the Federal Reserve will soon cut interest rates and on a warning from the U.S. treasury secretary that turbulence in financial markets may linger. The 13-nation euro rose as high as $1.3914…
-
market crash forecast suggests new 9/11
from paul joseph watson: A mystery trader risks losing around $1 billion dollars after placing 245,000 put options on the Dow Jones Eurostoxx 50 index, leading many analysts to speculate that a stock market crash preceded by a new 9/11 style catastrophe could take place within the next month. The anonymous trader only stands to…
-
run on banks in los angeles amid crisis
from raw story: Wal-Mart CEO H. Lee Scott Jr. says customers are “running out of money.” Earlier this week, consumer juggernauts Home Depot and Wal-Mart reported softer than expected earnings. Penned the New York Times, “the sober forecasts reverberated across Wall Street, sending the Dow Jones industrial average and the Standard & Poor’s 500-stock index…
-
central banks pouring money into markets
from blacklisted news/ap: Wall Street rebounded Monday after the Federal Reserve and other central banks added more cash to their banking systems, helping investors set aside some concerns about credit tightness. The New York Fed, which carries out the central bank’s market operation, minutes after the opening bell announced $2 billion in overnight repurchase agreements.…
-
US & mexico near deal to up war on drugs
yeah, i can hear the ‘deal’ now… USA: ok, you guys keep bringing us drugs through our wide open border. MEX: and then you guys arrest the border guards that try to stop us. USA: hell, we’ll even arrest our own citizens for doing the drugs we bring in! ALL: Hahahahaahhahaahhahahahaa! What a scam! from…
-
world stocks in meltdown over US economy fears
from afp: European and Asian stock markets sank on Wednesday, mirroring losses the previous day in New York, on mounting fears that weakness in the US housing sector could infect the world economy. However, the major European stock markets wiped out some of their losses of earlier in the day, amid a mixed opening on…
-
iran asks japan to pay yen for oil
from bloomberg: Iran asked Japanese refiners to switch to the yen to pay for all crude oil purchases, after Iran’s central bank said it is reducing holdings of the U.S. dollar. Iran wants yen-based transactions “for any/all of your forthcoming Iranian crude oil liftings,” according to a letter sent to Japanese refiners that was signed…
-
‘maxed out’
from trueworks: Maxed Out takes viewers on a journey deep inside the American style of debt, where things seem fine as long as the minimum monthly payment arrives on time. With coverage that spans from small American towns all the way to the White House, the film shows how the modern financial industry really works,…
-
scotus sides with companies on credit reporting
from ap: The Supreme Court scaled back a standard that would have made it easier for consumers to win lawsuits against companies for violating the Fair Credit Reporting Act. The law requires insurance companies and other businesses to notify customers who are charged more because of their credit ratings. In a unanimous decision, the justices…
-
news on the march
virgin atlantic showing ‘loose change’ in-flightfrom digg: Loose Change 2 will be shown on Virgin Atlantic flights during the month of May 2007. This incredible (and ironic) development has surfaced via email and on 9/11 Blogger. It is reported on Mercury Media, who distribute media to various networks, studios and airlines, as the first of…
-
stocks have worst day since 9/11
from ap/yahoo: Stocks had their worst day of trading since the Sept. 11, 2001, terrorist attacks Tuesday, hurtling the Dow Jones industrials down more than 400 points on a worldwide tide of concern that the U.S. and Chinese economies are stumbling and that share prices have become overinflated. The steepness of the market’s drop, as…