Monthly Archives: February 2012

Yahoo! Finance Reuters By Gabriella Bruschi and Steve Slater MILAN/LONDON (Reuters) – A feeding frenzy on cheap European Central Bank funding, led by Italian banks such as Intesa Sanpaolo (MIL:ISP) and even non-euro zone rivals like Lloyds , offers a … Continue reading →

The Los Angeles Times By Alana Semuels February 28, 2012 Rising gasoline prices may finally kill the milkman,  as an article in The Times notes. As gas prices continue to climb – 26 cents in the last week in California, 57 … Continue reading →

Bloomberg.com By Debarati Roy and Nicholas Larkin February 28, 2012 Gold futures rose for the first time in three sessions in New York as a weaker dollar spurred demand for the metal as an alternative investment. Silver jumped to a five-month high. … Continue reading →

Bloomberg.com By Anabela Reis February 28, 2012 Nobel-prize winning economist Paul Krugman said Greece is “close” to having to leave the 17- member currency region as austerity measures imposed on the nation hamper its economic recovery. “If I were running a peripheral country I … Continue reading →

Fox News By Associated Press February 27, 2012 Israeli officials say they won’t warn the U.S. if they decide to launch a pre-emptive strike against Iranian nuclear facilities, one U.S. intelligence official familiar with the discussions told the Associated Press. … Continue reading →

Bloomberg.com By Maria Kolesnikova February 27, 2012 Rising oil prices could send gold “much higher” as higher energy costs will likely curb global growth, according to UBS AG. (UBSN) “In addition to geopolitical risk premium and the impact of elevated … Continue reading →

Daily Mail Online By Nina Golgowski February 26, 2012 Wyoming state representatives have voted to create a doomsday government task force in the event the state must self-sufficiently operate during a national economic or political collapse. Passing on its first … Continue reading →

Yahoo! Finance By Matt Nesto February 24, 2012 Even though the national gasoline average price is still 10% below the record-high $4.12/gal hit in 2008, the steady rise through early 2012 is sparking renewed fears that we’re in for another … Continue reading →

Kitco News By Allen Sykora February 24, 2012 (Kitco News) – Deutsche Bank says rising oil prices could underpin gold but hurt industrial demand for silver and platinum group metals. Silver and platinum, which have heavier industrial uses than gold, … Continue reading →

Reuters By Steve Slater and Lionel Laurent February 23, 2012 (Reuters) – The scars of Greece’s debt crisis were laid bare in heavy losses from a string of European banks on Thursday, and bosses warned the region’s precarious finances would continue to … Continue reading →