3-Minute Management Course
Lesson 1 [more]
"I think the dollar is an over-owned currency,” he told CNBC. “The Chinese, the Asians have basically owned too many dollars for too long." [more]
The dollar, which recently dropped to a 14-month low of 0.67 euro before recently recovering, will ultimately fall to zero, says financial guru Marc Faber.
“Looking at Mr. Obama and his administration, it should already be there,” Faber says.
Bond guru Bill Gross of Pimco says that the Federal Reserve will not “risk raising rates” until the U.S. has had a year-and-a-half of sustained economic growth, at a solid, four percent rate. [more]
The “stimulus” bill included an $8,000 tax break for first-time home owners. Now comes news that the program is wracked with fraud, but some politicians still want to extend the benefit. [more]
The United States’ growing debt burden means the American empire is on the decline while China is on the rise, says Harvard history professor Niall Ferguson. [more]
Many experts criticized the bank bailouts engineered by the Bush and Obama administrations for ignoring the risk of “moral hazard.”
Former Federal Reserve Chairman Paul Volcker says that risk hasn’t gone away.
[If you're insulted by Jim Cramer's remark, I'd take it with a grain of salt, as Cramer's accuracy is worse than a coin flip. Follow his investment advice at your own peril.] [more]
From May through October of 2008, Zimbabwean stocks skyrocketed, shooting from 72,000 to almost 400,000 by early November as measured by the S&P/International Finance Zimbabwe Index. For intrepid investors with a world bent, it would appear to be an attractive return of roughly 5,300%. [more]
Demand for commodities will outstrip supply during the next two decades and will fuel a rally for raw materials, says investment guru Jim Rogers.
“I don’t see any adequate supply situation in any commodity market over the next decade or two,” Rogers told Bloomberg News.
The Federal Reserve is running the risk of creating another bubble, and needs an exit strategy from its credit easing policy, says former Clinton White House economist Nouriel Roubini. [more]
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar. [more]
Former Fed chairman and Obama economic adviser Paul Volcker says the rise of China and other emerging economies pose a challenge to the United States. [more]
Whitney: Credit Crunch Only Half Over
Small businesses in the United States are not getting enough access to credit and the phenomenon is being reflected in dismal consumer spending trends, prominent banking analyst Meredith Whitney wrote in an opinion column on the Wall Street Journal's Web site. [more]
The market price of stocks is way off, says British financial journalist Ambrose Evans-Pritchard. [more]