Gold Bug Schiff Counters Goldman on First Drop Since 2000 … Peter Schiff lays an iPod-sized bar valued at about $40,000 on the sun room floor of his Connecticut mansion, and calculates it would cost about $250,000 for each floor tile to pave the room with gold. He shows off $50 gold chips, to be used when paper money becomes worthless, a prediction repeated on his daily two-hour radio show b...Read More
Twitter Raises IPO Price Range, Looks To Sell Shares For $23-$25 … Twitter's roadshow must be going pretty well. The social network has been pitching its forthcoming initial public offering to institutional investors over the last week-plus and raised the price range for the deal Monday morning according to an updated SEC filing. Twitter now aims to sell shares for between $23 and $25 ap...Read More
In Alabama Race, a Test of Business Efforts to Derail Tea … With only days to go before a special Republican primary runoff for Congress here in South Alabama, the national business lobby is going all in … In the first test of its post-government-shutdown effort to derail Tea Party candidates, the U.S. Chamber of Commerce put on a rally on Tuesday in the warehouse of an aluminum plant...Read More
International panel's leaked report predicts more illness, war, disease with global warming … Starvation, poverty, flooding, heat waves, droughts, war and disease already lead to human tragedies. They're likely to worsen as the world warms from man-made climate change, a leaked draft of an international scientific report forecasts. The Nobel Peace Prize-winning Intergovernmental Pane...Read More
In Alabama Race, a Test of Business Efforts to Derail Tea … With only days to go before a special Republican primary runoff for Congress here in South Alabama, the national business lobby is going all in … In the first test of its post-government-shutdown effort to derail Tea Party candidates, the U.S. Chamber of Commerce put on a rally on Tuesday in the warehouse of an aluminum plant...Read More
International panel's leaked report predicts more illness, war, disease with global warming … Starvation, poverty, flooding, heat waves, droughts, war and disease already lead to human tragedies. They're likely to worsen as the world warms from man-made climate change, a leaked draft of an international scientific report forecasts. The Nobel Peace Prize-winning Intergovernmental Pane...Read More
Investor's Digest of Canada, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846- Edited from an article written by Brian HoffmanIn the months leading up to the October '87 crash, stocks marched higher before getting hammered by higher interest rates and commodity prices. Now, fast-forward 27 years. In the U.S., stocks have continued to march steadily upward despite som...Read More
Gross Says America's Privileged 1% Should Pay Higher Taxes … Bill Gross said that wealthy Americans, having reaped the benefits of favorable tax treatment, should be willing to pay a greater share to bolster the prospects of the working class. "If you're in the privileged 1 percent, you should be paddling right alongside and willing to support higher taxes on carried interest, a...Read More
Swiss bank bailout turned poison into profit … When the final chapter of the UBS bailout closes in November, the bank accounts will show tax payers, ordinary account holders and small businesses as the chief beneficiaries. It's been a success story that's proven difficult to repeat elsewhere in the world. Far from losing money on the $31.8 billion (CHF29 billion) rescue act, the gove...Read More
Gross Says America's Privileged 1% Should Pay Higher Taxes … Bill Gross said that wealthy Americans, having reaped the benefits of favorable tax treatment, should be willing to pay a greater share to bolster the prospects of the working class. "If you're in the privileged 1 percent, you should be paddling right alongside and willing to support higher taxes on carried interest, a...Read More
Swiss bank bailout turned poison into profit … When the final chapter of the UBS bailout closes in November, the bank accounts will show tax payers, ordinary account holders and small businesses as the chief beneficiaries. It's been a success story that's proven difficult to repeat elsewhere in the world. Far from losing money on the $31.8 billion (CHF29 billion) rescue act, the gove...Read More
JP Morgan sees 'most extreme excess' of global liquidity ever … If you think there is far too much money sloshing through the global financial system and causing unstable asset booms, you are not alone. A new report by JP Morgan says the bank's measure of excess global money supply has reached an all-time high. "The current episode of excess liquidity, which began in May 201...Read More
Are conspiracy theories destroying democracy? The more information we have about what governments and corporations are up to the less we seem to trust them. Will conspiracy theories eventually destroy democracy? What if I told you I had conclusive proof that the moon landings were faked, but I had been told to keep it under wraps by my BBC bosses acting under orders from the CIA, NSA and MI6. Most...Read More
JP Morgan sees 'most extreme excess' of global liquidity ever … If you think there is far too much money sloshing through the global financial system and causing unstable asset booms, you are not alone. A new report by JP Morgan says the bank's measure of excess global money supply has reached an all-time high. "The current episode of excess liquidity, which began in May 201...Read More
Are conspiracy theories destroying democracy? The more information we have about what governments and corporations are up to the less we seem to trust them. Will conspiracy theories eventually destroy democracy? What if I told you I had conclusive proof that the moon landings were faked, but I had been told to keep it under wraps by my BBC bosses acting under orders from the CIA, NSA and MI6. Most...Read More
Cameron Announces U.K. Plans for Debut Issue of Islamic Gilts … Minister David Cameron said the U.K. plans to become the first country outside the Muslim world to sell a Shariah-compliant bond as soon as next year. Cameron laid out his government's intentions in a speech to the World Islamic Economic Forum in London. The Islamic bonds, known as sukuk, would be valued at about 200 million...Read More
The Bank of Japan's massive stimulus is working, the International Monetary Fund's mission chief to Japan said, and there is still room to increase purchases of government bonds and exchange-traded funds if a further boost was needed. Jerry Schiff, who is also deputy director of the IMF's Asia-Pacific Department, stressed he saw no need for the central bank to offer additional stimulus...Read More
Cameron Announces U.K. Plans for Debut Issue of Islamic Gilts … Minister David Cameron said the U.K. plans to become the first country outside the Muslim world to sell a Shariah-compliant bond as soon as next year. Cameron laid out his government's intentions in a speech to the World Islamic Economic Forum in London. The Islamic bonds, known as sukuk, would be valued at about 200 million...Read More
The Bank of Japan's massive stimulus is working, the International Monetary Fund's mission chief to Japan said, and there is still room to increase purchases of government bonds and exchange-traded funds if a further boost was needed. Jerry Schiff, who is also deputy director of the IMF's Asia-Pacific Department, stressed he saw no need for the central bank to offer additional stimulus...Read More