The only bright spot I can see for our economy is lower oil. It’s sure to help with heating costs this year as people struggle to heat their McMansions or fill the tank on their Hummers.
“Sentiment is extremely pessimistic, people believe we’ll see a global recession despite the measures being taken by governments,” said Jochen [...]
It figures that the Gold and Oil markets start to collapse just as I go on hiatus. My guess is that hedge funds are selling their winners to cover their losers (financials, banks, etc). This has had a nasty consequence in the currency markets with the AUDUSD collapsing from its near parity with the USD [...]
You have to love Jim Rogers and the interviews he gives Bloomberg. He’s a wise man that comes across as a cranky at times but we should listen carefully to what he has to say.
“I don’t know where these guys get the audacity to take our money, taxpayer money, and buy stock in Fannie [...]
