"Like the nearby Quechua indigenous town of Otavalo just 20 minutes south, Cotacachi is an artisan town. Here, the claim to fame is leather goods. I’d hazard a guess, though, that Cotacachi will soon also be known for its growing expat community." — Suzan Haskins
by Suzan Haskins
Baltimore — (TFN): [...]
Two days ago, we predicted gold would drop below $800. It did, in early Asian trading…
by J. Christoph Amberger
Baltimore — (TFN): Gold futures may have closed Thursday’s trading with a loss of just $17 an ounce to close at $814.50. But in early Asian trading, gold for immediate delivery continued to plunge by as much [...]
"Can the collapse in oil prices save the economy from recession? Sadly not. The rising oil price was a symptom, not a cause, of the unchecked global boom that lead us here. And the fact that it’s falling now is merely a sign that we’re already in the grip [...]
"But while there seems to have been more or less a straight fight between the States and us (the UK) as to who actually plunges into a recession first, within the last few weeks another strong contender for this dubious prize has emerged. The eurozone now looks like it [...]
“A more immediate concern is the growing divergence of European economies. Two big European economies, Italy and Spain, are perceived as more risky than the two core members of the Eurozone, Germany and France.” — Lord William Rees-Mogg
by Lord William Rees-Mogg
Baltimore and London — (TFN): In the last year, the euro [...]
Tags: britain, civil war, currency, dollar, euro, eurozone, Gold, napolionic, united states, us, waterloo
“What is the point of owning a lump of metal that doesn’t pay a dividend, isn’t edible and actually costs you money to keep safe? To understand why gold is the ultimate safe haven in this financial crisis, we have to get to the root of our current problem. [...]
“Fears that the two U.S. mortgage giants, Fannie Mae and Freddie Mac, were on the verge of collapse has seen commentators shrieking about the end of capitalism as we know it. And perhaps they weren’t far wrong.” — David Stevenson
by David Stevenson
Baltimore – (TFN): If you had to come up [...]
“Soaring inflation means the credibility of the legal tender in your wallet is being called into question. In other words, does your dollar really have any value?” — Jack Crooks
by Jack Crooks
Baltimore – (TFN): All over the world, everyone from market analysts to your average grocery shopper has been buzzing about inflation lately. [...]
“The Fed can no longer cheat with the money supply and get away with it. There is a new gold standard and it’s called ‘oil.’” — Byron King, Whiskey and Gunpowder
by Byron King
Baltimore – (TFN): Oil has become the “anti-dollar” of modern times. Oil is now serving as the [...]
“Al-Naimi has pumped hope back into the system after last week’s inflation terror hit the markets. Oil prices closed at $134.39 on the New York Merchantile Exchange.” — Stephanie Grimmett
by Stephanie Grimmett
Baltimore – (TFN): Well, at least oil prices are sensitive in both directions. Saudi Arabian oil minister Ali al-Naimi called for a conference [...]
“He’s back and guess what he’s betting against once again? The British pound.” — Sean Hyman
by Sean Hyman
Baltimore – (TFN): Remember George Soros, you know… the billionaire who got his “celebrity status” by betting against the British pound?
Well he’s back and guess what he’s betting against once again? The British [...]
“It’s not excluded that, after having carefully examined the situation, that we could decide to move our rates for a small amount at our next meeting. I didn’t say it’s certain. I said it’s possible.” — European Central Bank President Jean-Claude Trichet
by Stephanie Grimmett
Baltimore – (TFN): You can blame a frenchman [...]
Tags: bernanke, central bank, dollar, ecb, eu, euro, european union, Fed, inflation, interest rates, jean-claude trichet, oil prices, paulson, treasury
“To my knowledge, Bernanke has never before stressed the dollar’s decline, the inflationary dangers it poses and his intention to guard against these as much as he did yesterday. The immediate reaction was for the dollar to rally.” — Dominic Frisby
Blogger’s note: Dominic Frisby, an editor at our British [...]
“Most people are concerned about the rising costs of commodities. Investors and fund managers are always asking me if this is a commodities bubble and when it will burst.” — Kevin Kerr
by Kevin Kerr
Baltimore – (TFN): It seems everywhere I go, people want to learn more about [...]
“At this point, Ben Bernanke has to feel like Barney Fife. Remember how on the Andy Griffith Show, Andy only gave Barney one bullet and he had to keep it in his pocket? Mr. Bernanke has to feel like he is running out of bullets and needs [...]
“You’re seeing a price revolution unfold before your very eyes.” — Ed Bugos
by Ed Bugos
Baltimore – (TFN): The economy doesn’t know what to do with itself. The Fed has made it all but certain that inflation will be a problem. Prices are rising and everything has become [...]
“Two companies worth comparing are Airbus and Boeing. A falling dollar has dramatically hurt Airbus, while providing Boeing with a fantastic, but temporary, competitive advantage.” - Andrew Snyder
By Andrew Snyder
Baltimore (TFN) - At least a dollar is still worth a dollar here in the United States, because throughout much of the world it is not [...]
Tags: 2008, Airbus, Andrew Snyder, Boeing, currency, currency volatility, dollar, dollar spread, Options, strong euro, Weak Dollar
Baltimore — (TFN): The podcast for our latest Smart Investing Market Insights video, featuring international currency expert Jack Crooks, can now be downloaded to your iTunes or PodcastAlley.com accounts.
Nine Ways to Profit from the Diving Dollar… Sign up here!
Currency Trading: Play Now | Play in Popup | Download
Currency Trading: Play Now | Play [...]
“No other asset class comes close to commodities over the last six years. Not stocks, not bonds, not real estate and not even most emerging markets. In fact, even during the worst credit crisis in the United States in 60 years, commodity benchmarks continue to hit new all-time highs [...]
Tags: commodities trading, copper, crude oil prices, dollar, energy, euro, gold bullion, grains, lead, natural gas, platinum, precious metals, raw materials, silver
Baltimore — (TFN): They may still be talking up the euro as a bastion of strength compared to the dollar. After all, everyone believes that Europe’s economic base is strong. After all, there are no “twin deficits”. Germany in particular likes to pride itself on being “Exportweltmeister” — export world champion.
But how’s it going considering [...]