Monthly Archives: February 2011

Mainstreet.com By Greg Bocquet February 28, 2011 Foreign Treasures Regardless of how much closer Obama’s budget brings our economy into a balance of payments not seen since 2001, we will continue to run deficits for the next decade, and the … Continue reading →

FinancialTimes.com By David Oakley Originally Published: February 9 2011 Portugal’s cost of borrowing hit a euro-era high on Wednesday amid growing concerns that Lisbon will have to turn to bail-out funds to revive its stagnating economy. Hedge funds were selling … Continue reading →

CNNMoney.com By Ben Rooney, staff reporter Originally Published February 10, 2011 NEW YORK (CNNMoney) — The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency. The IMF said Special Drawing … Continue reading →

KITCO News By Timothy Wood Originally Published Feb 10, 2011 CAPE TOWN (MineFund.com) — Speaking at Mining Indaba conference in Cape Town, James Turk forecast that gold could reach $8,000 per ounce by 2013-2015. He added that that may be … Continue reading →

CNSNews.com Originally Published Monday, February 14, 2011 By Matt Cover (CNSNews.com) – If the federal budget released by President Barack Obama today is implemented, it will double the national debt over the next 10 years. The current national debt is … Continue reading →

Treasury Secretary Timothy Geithner today admitted under questioning from Sen. Sessions that the president’s own budget, submitted Monday, calls for interest payments and obligations that are “excessively high” and “unsustainable.” The president’s plan accumulates $13 trillion in new gross debt, … Continue reading →

The Street By Alix Steel 02/14/11 – 03:04 PM EST NEW YORK (TheStreet ) — Gold prices were looking for direction Monday while silver prices plowed higher. Gold for April delivery settled $4.70 to $1,365.10 an ounce at the Comex … Continue reading →

Bloomberg By Nicholas Larkin and Pham-Duy Nguyen – Feb 15, 2011 11:09 AM PT Gold futures climbed to the highest in almost four weeks as rising consumer prices boosted demand for the precious metal as a hedge against inflation. In … Continue reading →

MarketWatch By Deborah Levine February 10, 2011 NEW YORK (MarketWatch) — The Federal Reserve Bank of New York said Thursday it plans to purchase about $97 billion in Treasury debt in the next month, continuing its policy of buying bonds … Continue reading →

News Hub: Bond Bubble About to Burst? Feb. 8, 2011 Source: Smart Money, WSJ.com 5 Ominous signs the Bond Bubble is Breaking Wall Street Journal’s Smart Money Editor Janet Paskin reviews 5 ominous signs that the recent huge run-up by … Continue reading →