ePAROL - Economic News and Views

Dollar slides as US business slows

Financial Times article at: Click Here

posted by G @ 6:55 PM 0 comments

Dollar dropping - Potential Panic

The dollar plunged with startling ferocity late last week, driven by heavy selling. This was very bearish action that signals panic, and the probable onset of a severe downtrend.

Click HERE to read this Article, with Graphs and Explanations

posted by G @ 12:22 AM 0 comments

Forbes Article Concern

Chinese central banker expressed fears about depreciation of the U.S. currency.

Click HERE for the FULL Story

posted by G @ 4:07 PM 0 comments

Market's Rocked by Sliding Dollar

A sharpening slide in the US dollar unnerved global markets on Friday as investors sought to protect themselves from the possibility of sustained dollar weakness.

Click HERE for the FULL Story

posted by G @ 3:46 PM 0 comments

Walmart Sales Slump despite Holiday

Walmart's sales not that good...

Click HERE for the FULL Story

posted by G @ 3:44 PM 0 comments

The biggest bubble of all - derivatives Trading Soars to $370 Trillion – it will be the root cause for global depression

Interesting data came out from the Bank for International Settlements. The global market for derivatives soared to a record $370 trillion in the first half of 2006. It is the highest ever and the bubble is bigger than any one can imagine.

Click HERE for the FULL Story

posted by G @ 7:35 PM 0 comments

The Cookie Jar is Empty

Every day we are bombarded with advertisements and ads speaking to our inner child. We, as consumers, are so conditioned to buy that fancier car or bigger house because the auto dealerships and bankers are offering financing terms that have made it so easy. The loans being offered today are so flexible and, at first glance, appear affordable because they're interest-free, 40-year, no money down/no payment due, piggyback, adjustable-rate, etc. The former Federal Reserve Chairman even encouraged "really sophisticated" consumers to take out ARM mortgages and extract equity from their homes. As a result, consumers have been lured into debt big time with these loans.

Click HERE for the FULL Story

posted by G @ 1:38 PM 0 comments

Dollar Drops on China Report

The dollar tumbled against the euro after Reuters reported the People's Bank of China may switch some of its currency reserves.

Click HERE for the FULL Story

posted by G @ 1:35 PM 0 comments

Investors regroup as swaps panic hits

Paul J Davies, Gillian Tett, London
November 07, 2006

INVESTMENT banks and hedge funds are being forced to rapidly adjust their trading strategies amid a wave of "panic selling" reported in the US and European credit derivatives market last week.

This heavy selling has driven the cost of insuring debt against default in the market for credit default swaps to record low levels - signalling either that investors are extraordinarily optimistic about the outlook for corporate debt, or that prices are so distorted that they are no longer being paid for the risks they are taking on.

Click HERE for the FULL Story

posted by G @ 2:37 PM 0 comments

GAO Chief Warns of Economic Collapse

What they don't talk about is a dirty little secret everyone in Washington knows, or at least should. The vast majority of economists and budget analysts agree: The ship of state is on a disastrous course, and will founder on the reefs of economic disaster if nothing is done to correct it.

Click HERE for FULL Story

posted by G @ 12:42 PM 0 comments

Economy Sagging

Weakness in the U.S. housing market could be turning the hoped-for soft landing for the economy into something a bit harder to deal with. Data released on Wednesday showed conditions in the housing market deteriorated in September, extending a slide that began early this year.

Click HERE for the FULL Story

Keep the Pom Poms going Mr. Ghostship...

posted by G @ 11:38 AM 0 comments