On the heels of a scathing assessment by Nigel Farage on the economic conditions in Europewhich he says will ultimately lead to violent revolution
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Ben Gersten writes: It's only a matter of time before the U.S. dollar loses its more than 50-year reign as the world's dominant reserve currency, and it will be replaced by the Chinese yuan.
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Recently the famously gloomy economist Nouriel Roubini has been talking up stocks.
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China's consumer price index (CPI) increased to 2.4 percent in April, the country's statistics authority said Thursday
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The European Central Bank cut its key interest rate to a record low 0.50 percent Thursday
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The Bank of Korea just unexpectedly cut its key interest rate to 2.5% fom 2.75%
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Russian stocks dropped for a fourth day, driving valuations to the cheapest level since 2009
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Economic growth in Middle East and North Africaoil-exporting countries is expected to fall to 3.25 percent in 2013
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Gold is supposed to be the one investment that holds its value when everything else goes down the drain.
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In case you didn't hear, there has been a massive sell-off in the gold markets in the past few days.
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Retail brokerage firm ICICIdirect.com expects gold prices to stabilize between Rs 23,000-24,000shortly. Prices will witness time wise correction while the base formation takes place.
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Auto sales rose nearly 4 percent in February, delivering a better-than-expected performance as strength in the housing market tempered worries over the wave of federal spending cuts due to begin on Friday.
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New car sales in Britain rose an annual 7.9 percent in February, boosted by the highest increase in private consumer demand in three years
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GENEVA: New car sales in Germany fell by more than 10 per cent year-on-year in February, signalling the crisis for Europe's auto makers is deepening as recession-hit consumers curb spending
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They have survived the Civil War, the Great Depression and even Newt Gingrich. They are the caretakers of a Congressional institution
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Community colleges are experiencing declining enrollment due to historic cuts to state funding, while demand for a community college education is at a record high.
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Italy paid more to borrow over five years than it has since October at an auction today as lack of progress in forming a new government
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Will a housing bubble upend China's economy? Or is the real problem a lack of housing? Part of an ongoing series of discussions with ChinaFile.
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void investments that rely on the Chinese real estate market because the bubble there is getting " bigger, and bigger, and bigger," hedge fund manager Jim Chanos told CNBC on Thursday.
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China is determined to poke holes in its housing bubble. Nowhere is this attempt more forceful than in Shanghai, where the government introduced its first-ever property tax last year.
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Further Resources
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- There are a few
free forex trading signals now being offered that can assist you in determining when to buy and when to sell certain stocks.
- India will become the world's largest economy by 2050, surpassing its neighbour China, says a report.
Kamal Nath politician is all for the growth and expansion of India not only in population but economically
- The problem is when people look for short cuts and like most things, you can’t rush things. You just have to let them be and let things take their natural course. Even simple investments in things like gold from : US Money Reserve take time to gain value. If you don’t have any patience, than the financial markets definitely aren’t for you. The same if you are worrier. Do you really want to be logged in to your computer or Blackberry every second of the day monitoring your portfolio and seeing how much money you’ve gained or lost in the last 80 seconds?
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Investing Yourself in Your Investments
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When it comes to the financial markets and investing in them, one of the biggest mistakes that people make is that they fail to make the effort to know what they are doing. They are playing the market without knowing what the difference between a put and a call. They have no idea what a butterfly or straddle is. Nor do they know the difference between going short and going long. Forget about being inexcusable, this is unforgivable.
Do your homework. Spend some time doing the research and understand what you are doing.
You’d be excused for thinking this is a rookie error but sadly it’s not. It’s one of the problems why Wall Street fared so badly in the second half of 2008. Many people were doing things they didn’t truly understand. Overleveraging was a massive problem as was sub-prime lending. People were happy to cash the profits but weren’t too concerned what the cost of them was.
The same thing happened with Barings Bank and Nick Leeson. When he was making unauthorized speculative trades this was ok because his £10 million profits accounted for about a tenth of Barings annual income. He received a bonus two and a half times his annual salary. But when things went south and losses grew to over £200 million they turned his back on him.
You don’t normally hear the sob stories because no one wants to tell them. Everyone only brags about how well they did. But one has to truly appreciate the risks of playing the market. Like anything the potential ups equal the downs and one has to be prepared for both outcomes.
The problem is when people look for short cuts and like most things, you can’t rush things. You just have to let them be and let things take their natural course. If you don’t have any patience, than the financial markets definitely aren’t for you. The same if you are worrier. Do you really want to be logged in to your computer or Blackberry every second of the day monitoring your portfolio and seeing how much money you’ve gained or lost in the last 80 seconds?
Investing is meant to be a step to take care of you at the end of your life. It’s meant to take your worries away. It isn’t meant to be the source of your worries.
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