Archive for the 'Finance' Category

Why Your FDIC-Backed Bank Could Fail

Wednesday, November 12th, 2008

With big bank bailouts dominating the news, there’s no better time to get the truth about bank safety.
This informative article has been excerpted from Bob Prechter’s New York Times bestseller Conquer the Crash. Unlike recent news articles that are responding to the banking crisis, it was published in 2002 before anyone […]

Has Cash Been King for the Past 10 Years?

Wednesday, November 5th, 2008

If you’re like most investors, you’ve been nearly brainwashed with conventional market “wisdom” that stocks are […]

Forex - Dollar sinks after Bernanke speech

Friday, November 9th, 2007

The dollar sank across the board, hitting a new 26-year low against sterling, in the immediate aftermath of comments from Federal Reserve Bank chairman Ben Bernanke. The central bank chief said the Fed stands ready to counter the inflation risks caused by high oil prices — suggesting it could raise interest rates — but underlined […]

European Central Bank is not concerned by euro strength

Friday, November 9th, 2007

Hmm, it appears the Euro keeps on rising and rising in value, but here is what the European Central Bank (ECB) has to say on this matter:
A member of the European Central Bank (ECB) governing council has played down concerns about the rising value of the euro versus the dollar.
Yves Mersch has given newspaper interviews […]

Shifting Trends Lead to China-Bashing and Rising Global Trade Tensions

Thursday, November 8th, 2007

Here is an interesting article produced by Mr. Eric Roseman from The Sovereign Society (By the way, I recommend you sign-up for their free newsletter). As you can tell by the title, it builds on my previous coverage of the “dollar collapse” unfolding itself before our very eyes. I hope you find it informative and […]

GalleonFX - Tues night market surge helps bring 11% profit in the first week of Nov

Wednesday, November 7th, 2007

Wow, I am a bit surprised at how well my GalleonFX Managed Forex Account is doing. As the heading says, my account went up 11% in just 7 days! Needless to say I am quite happy at this moment. Who knows, maybe they will manage to achieve another 75% like back in September. Last month’s […]

Dollar Sharply Lower on China Reserve Diversification Talk

Wednesday, November 7th, 2007

Dollar has been extremely weak recently on fear that credit market problems will worsen and force Fed to continue easing. The fall in greenback accelerates today after comments from Cheng Siwei, vice chairman of China’s National People’s Congress, said that China will “readjust” the $1.43 trillion of foreign-exchange reserves, favoring “stronger currencies over weaker ones”, […]

Barclay Ranks GalleonFX #1 for Sept in Currency Trader Magazine

Wednesday, November 7th, 2007

I was quite surprised to hear of this, but nonetheless I’d like to congratulate the GalleonFX crew for achieving this distinction. I hope they keep this performance level up because my account is sure liking it Here is a copy of the e-mail they sent out to members:
In the November 2007 Issue of […]