Eagle Eye Opener
Eagle Eye Opener: India Not Buying Gold; European Auto Sales Down; Corrupt Growth in China
Indian Gold Purchases Way Down Even in Traditional Buying Season (Reuters) Even though this is the time of year in which Indian gold traders traditionally stock up on gold, buyers are not doing so because the price of the barbarous relic is sitting at a three-week high of around $1,280. The result is that Indian […]
Good Economic News out of China? SEC Takes on Goldman’s Big Bad Wolf; The Most Powerful Testimonial in the World
The Chinese National Bureau of Statistics released economic performance figures today for the world’s second-largest economy. In a mild surprise, China’s economy grew by 7.5 percent, right in line with the median forecast of 45 analysts surveyed by Bloomberg.
Eagle Eye Opener: Markets Bounce on Bernanke’s Quantitative Easing Promise; Microsoft Reorganizes; House to Discuss Food Stamps
Three Straight Days of Positive News Recoups $1 Trillion in Share Value (Bloomberg) Federal Reserve Chairman Ben Bernanke’s promise to preserve quantitative-easing (QE) stimulus for the foreseeable future had the desired effect on U.S. markets. Yesterday, the S&P 500 rose 1.4 percent. That gain translates to roughly $1 trillion in share price value that had […]
Eagle Eye Opener: Ben Bernanke as Caesar; Debt of U.S. vs. Japan’s Stimulus; Military Exercise Could Benefit Japanese Market
Hail Bernanke: A Modern Day Caesar (Reuters) At this point, about the only difference between Federal Reserve Chairman Ben Bernanke and ancient Roman leader Julius Ceasar is the toga. If you think this comparison is a stretch, consider this… In the Coliseum, a gladiator’s life would literally hang in the balance, awaiting Caesar’s thumb. Today, […]
Eagle Eye Opener: Revenge of the Twinkie; Bad News from China; Italy’s Credit Rating Lowered
Revenge of the Twinkie (YahooFinancial) Not since the Jedi resumed their rightful place some 30 years ago has the return of a piece of Americana caused such a stir. But then, nobody expected the Twinkie’s resurrection to go unnoticed. And now that it’s back, consumers will find that this time around, it will be even […]
Eagle Eye Opener: Mortgage Rate Rise Could Boost Sales; Apple’s iPhone Cut Dire for Earnings; Verizon to Replace Copper-Wire Network
Mortgage Rate Increases Lead to Near-Term Sales Spike… Wait, What? (CNBC) With mortgage rates soaring a full point in the last two months, and most people anticipating further increases, you’d think a downward trend in that market would be starting. And you would be wrong, according to Doug Duncan, chief economic strategist at Fannie Mae. […]