All of a sudden, Congress is paying close attention to Ron Paul. [more]
SAN FRANCISCO -- American International Group Chief Executive Edward Liddy said Tuesday that he's been given no assurances that the government's 78.9% stake in the troubled insurance giant will ever change. [more]
Contrarian guru Marc Faber predicts we'll soon see inflation of 10 to 20 percent.
“It took 100 years to lose 95 percent (but) I think the next 94-percent loss in purchasing power will happen very quickly,” he said.
This week, the BRIC countries (Brazil, Russia, India, and China) conspicuously gathered in Moscow for their first-ever economic summit. Although these countries are divided by culture and geography, they are united by healthy economic growth and their concern about unprecedented levels of U.S. debt and the safety of their respective reserves. There can be no doubt that these emerging economic powers are trying to chart an economic path that will free them from dependence on the American financial system. And there is ample evidence that the first coordinated steps are being taken. [more]
The Federal Reserve lost $5.25 billion in the first quarter on the securities it acquired with last year's bailouts of Bear Stearns and insurer American International Group, according to a report issued Wednesday.
Now I KNOW this is a bull market rally: [more]