Consumer Sentiment Plummets, OPEC Loses Member, Fed Prints Billions, Grease is Gold, and More!
by Addison Wiggin & Ian Mathias Consumer sentiment hits 28-year low Oil pulls back… the rationale behind yesterday’s $7 sell-off OPEC drops only Southeast Asian member… the winners and losers of the cartel’s shift Dollar rebounds… Fed celebrates, plans to… Read More
More Pain to Come for Financials, Fed Hints at Rate Hike, Gas Prices at Another High, Addison on Time Cover, and More!
by Addison Wiggin & Ian Mathias Bear Stearns officially dead… how the same warning signal that presaged its demise is flashing again Dan Amoss on one financial teetering on the brink of collapse Fed gov. says rate hikes coming “sooner,… Read More
Gas Prices Even Higher, Oil Retreats, Vietnam In Trouble, The Cost of U.S. Power, and More!
by Addison Wiggin & Ian Mathias Gas prices at another record… U.K. truckers shut down highways, threaten to barricade refineries Oil retreats… George Soros and Byron King on crude’s next move Chris Mayer on the skyrocketing costs of power generation…… Read More
Americans Stop Driving, Housing Crisis Worsens, Institutions to Blame for $130 Oil, Bill Bonner’s Fav Investments, and More!
by Addison Wiggin & Ian Mathias Americans fed up with $4 gas… steepest driving decline in recorded history Housing crisis accelerates… two data points paint gloomy picture for U.S. homeowners Consumer confidence hits 16-year low… Alan Greenspan says recession still… Read More
Dollars Backed by Mortgages, Fed Gives Away Billions, Why OPEC Isn’t Happy, Gas Spikes 5 Cents, and More!
by Addison Wiggin & Ian Mathias Fed exchanges billions more CDOs for IOUs… how the U.S. dollar is now 20% mortgage-backed securities Home prices showing no signs of a bottom… which famous investor just tripled his stake in the U.S…. Read More
$135 Oil, Airlines Jack-Up Prices, Fed Speak Translated, The Booming Art Market, and More!
by Addison Wiggin & Ian Mathias Oil hits record high again… Byron King on the critical shift in the energy trading paradigm Senators berate oil execs… the rotten fruits of the latest congressional hearing “Silent spring” coming to fruition…. American… Read More
The Next Wave of the Housing Crisis, Oil $132, Dollar Falls, The $175 Burger, and More!
by Addison Wiggin & Ian Mathias Could the housing crisis really be bottoming? One chart shows the worst is yet to come Moody’s explains AAA rating fiasco: computer glitch Oil at $130… what’s behind the latest crude climb, and why… Read More
Cost of Chinese Quake, A Canary in a Coal Mine, Kevin Kerr’s Big Buying Opportunity, World’s Most Expensive Car, and More!
by Addison Wiggin & Ian Mathias Chinese quake begins to hurt the Street… first estimates of financial losses emerge Which canary in a coal mine is squawking for a Dow recovery Inflation rises again… why Ben Bernanke might be particularly… Read More
The Worst is Over, Baltic Dry’s Big Comeback, The $25 Billion Dinner, Fannie & Freddie Raise Cash, and More!
by Addison Wiggin & Ian Mathias Economists predict worst of 2008 recession is over… consumers say it’s just begun Dollar’s back in the dumps… which two foreign currencies benefit most from the latest downturn Fannie Mae and Freddie Mac both… Read More
World GDP Surges, Banks Still Desperate for Cash, Good News for Housing, Steel Prices Spike, and More!
by Addison Wiggin & Ian Mathias So much for “decoupling”: Nations of the world report optimistic GDP growth German president/former IMF chief lays the smackdown on banks of the world Fed keeps U.S. financials afloat… latest data show financials still… Read More