Dubai suffered the world’s steepest property slump in the global recession, with home prices dropping 50 percent from their 2008 peak, according to Deutsche Bank AG.
Between them, Brazil, China and India account for half the world’s poorest people and an even bigger share of those who have escaped poverty.
What is the real reason behind the historic rise in gold prices? Futures and spot prices of gold across global commodity bourses and bullion markets have been surging for the past few months.
The trip from bare subsistence to Boeing began with a simple, but evolutionary discovery.
The Chinese government is telling people gold and silver are good investments that will safeguard their wealth. After last year’s meltdown in the stock market, people believe it. After all, Chinese citizens don’t receive government retirement money…
If the Dubai crisis drags on, the dollar will get stronger and the flourishing carry trade will crash. That means that the maxed-out banks (which are heavily invested in high-risk positions) will get clobbered once again. That's the nightmare scenar
Dubai World "totally rejected" the possibility of selling off some of its top performing assets in the months before the heavily indebted conglomerate turned to creditors with a plea to defer payments on some of the $60 billion it owes.
In October, the Hong Kong bankers discovered some gold bars shipped from the United States were actually tungsten with gold plating. This is the exact same Modus Operandi as the silver clad zinc dimes from 45 years ago.
After reading that gold and tungsten has the same density, I cracked open my handy copy of ‘The Practicing Scientist’s Handbook (1978)’ and got the exact values. The density of gold is 19.32 g/cc and the density for tungsten is 19.3. Ouch! The diff
A debt default by the state-owned Dubai World has caused investors to sell off shares in Asian banks and raised fears of renewed financial turmoil.
The Day the Dollar Died (important read) - Decentralization and Operational Secession - The Price of Gold Will Double - The Goldman Sachs Disease Is Spreading - The Official CIA Manual of Deception
Stephen Jen from the hedge fund Blue Gold Capital has a warning for those who think that gold has risen far too high, is necessarily in a speculative bubble, and must soon come clattering back down.
Fears of a dangerous new phase in the economic crisis swept around the globe yesterday as traders responded to the shock announcement that a debt-laden Dubai state corporation was unable to meet its interest bill.
Forget about designer brands and quirky gadgets: low-priced fashions and green products scored big in Japan in 2009, an advertising agency survey found, as consumers pinch pennies and take advantage of government stimulus subsidies. Hybrid vehicle
European stock markets regained their poise Friday on hopes Wall Street would not be hit as hard as Asia by the news Dubai is having trouble handling its debt.
The man who predicted the Dubai crash speaking on Russia Today about the "Tsunmai". He predicted this would happen in Feb of this year. He also correctly predicted the crash in Iceland in 2007. Why is he interviewd on RT, and not on CNBC?
This is what they did — these climate “scientists” on whose unsupported word the world’s classe politique proposes to set up an unelected global government this December in Copenhagen, with vast and unprecedented powers to control all formerly free m
Nov. 25 (Bloomberg) -- Foreign companies may be able to sell bonds in China within a year as the government expands its domestic capital markets, according to China International Capital Corp., the No. 2 underwriter of yuan debt this year.
European and U.S. stock markets fell Tuesday after the U.S. government said the U.S. economy did not grow as fast in the third quarter as previously estimated, stoking fears that the recovery in the world's largest economy will be slow. In its sec
The mounting level of debt in the industrialised world is prompting a growing number of investors to use the derivatives market to bet on the chance of rich governments defaulting on bonds. The volume of activity in sovereign credit default swaps
At a top secret high-finance meeting scheduled for this weekend, China will propose that the US dollar be replaced by the Hong Kong dollar, according to a senior MI6 source. The proposal is under serious consideration by the backers of the new financ
Germany’s new finance minister has echoed Chinese warnings about the growing threat of fresh global asset price bubbles, fuelled by low US interest rates and a weak dollar.
Britain may finally be emerging from recession, but many analysts warn it is a false dawn. They argue, the economy is so ravaged by growing debts and ruined banks it will be following in the steps of Japan’s lost decade of the 1990s.
With the [Indian] stock market having gained more than 75% this year and the economy growing at nearly 7%, the number of billionaires jumped to 52 in 2009 from 27 in the previous year, just 2 short of the record in 2007, according to the ranking.
“I have always depended on the kindness of strangers,” said Blanche DuBois, in the final words of the play A Streetcar Named Desire. Well, don’t we all.
Societe Generale(France) has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.
"Yes, I should be selling at the top, but I don't think this is the top. Gold, adjust it for inflation back in 1980, gold should be over $2k an oz. right now. In my view, in this bull market in commodities gold will make all new highs adjust for infl
Goldman Sachs (GS), Morgan Stanley (MS), BP (BP), et al founded the Intercontinental Exchange (ICE) in 2000 to facilitate "dark pool" trading in the commodities markets. It is outside the US and operates free from the constraints of US laws.
In the ’80s, everyone wanted to be Japanese. Management consultants used Japanese words to describe commonplace insights. For example, instead of saying that businesses always need to try to do things better, they referred to “kaizen” as if it were t
"There is a strong case to be made that we are already at 'peak gold'," he told The Daily Telegraph at the RBC's annual gold conference in London. "Production peaked around 2000 and it has been in decline ever since, and we forecast that