Monthly Archives: July 2010

By Pham-Duy Nguyen July 30 (Bloomberg) — Gold rose for a third day on speculation that the biggest monthly drop since December will encourage investors to stock up on the precious metal as a haven. The 5 percent price drop … Continue reading →

By: Julie Crawshaw Friday, 09 Jul 2010 09:59 AM Gluskin Sheff Chief Economist and Strategist David Rosenberg says the Dow could go to 5,000. Rosenberg’s reasons: Even if an economic double dip is avoided, the market is not priced for … Continue reading →

By Greg Robb July 30, 2010, 10:44 a.m. EDT WASHINGTON (MarketWatch) — The U.S. economy lost momentum in the second quarter of the year, according to figures released Friday, which may raise concerns of an extended soft patch if not … Continue reading →

The CBO’s latest warning on the long-term deficit is scarier than ever. Editorial, Sunday, June 28, 2009 THE CONGRESSIONAL Budget Office has a tough job: to provide America’s lawmakers with a reality check on their tax and spending plans. Not … Continue reading →

Gold, Little Changed, May Rise as Price Slump Attracts Buyers by Nicholas Larkin and Pham-Duy Nguyen July 28 (Bloomberg) — Gold, little changed in New York, may gain as the lowest prices in almost three months spur demand. Futures yesterday … Continue reading →

Houston Chronicleby R.G. Ratcliffe and Jeannie Kever Web Posted on www.MySanAntonio.com/Education: 07/15/2010 12:18 CDT AUSTIN — Fearing unstable international financial markets and the possibility of high inflation, Texas’ higher education investment managers have bought more than $500 million in gold. … Continue reading →

July 27, 2010, 7:09 AM EDTBy Chris Kay July 27 (Bloomberg) — The euro won’t sustain its advance against the dollar beyond the summer as concern resurfaces that some European nations aren’t able to repay their debts, according to Standard … Continue reading →

According to the FDIC website, 103 banks have failed thus far in 2010.  In addition to the 140 that failed in 2009, the total is 236 – and counting.   In May, CNN reported that the problem bank list had reached … Continue reading →

By Louis Charbonneau UNITED NATIONS | Tue Jun 29, 2010 4:56pm EDT UNITED NATIONS (Reuters) – A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been … Continue reading →

By Rodrigo Campos On Wednesday July 21, 2010, 5:35 pm EDT NEW YORK (Reuters) – Federal Reserve Chairman Ben Bernanke’s dour assessment of the U.S. recovery hit stocks on Wednesday, as his comment that the economy faced “unusually uncertain” prospects … Continue reading →