ePAROL - Economic News and Views
I used to have a Google AdSense "ad" here but the AdSense people at Google kept sending out homosexual oriented garbage so I deleted it. The jerks."
Thursday, December 28, 2006
U.A.E. is Dumping U.S. Currency
Another country dumps the US dollar... The dollar dropped the most in a week against the euro as the United Arab Emirates said it will convert some of its reserves of U.S. assets into the European currency. Click HERE for the FULL Story.Euro notes cash in to overtake dollar
Click HERE for the FULL ArticleThe US dollar bill’s standing as the world’s favourite form of cash is being usurped by the five-year-old euro.
Wednesday, December 20, 2006
Foreclosures UP record levels
A new Center for Responsible Lending (CRL) study reveals that 2.2 million American households will lose their homes and as much as $164 billion due to foreclosures in the subprime mortgage market. Titled, "Losing Ground: Foreclosures in the Subprime Market and Their Cost to Homeowners," the CRL study is the first comprehensive, nationwide review of millions of subprime mortgages originated from 1998 through the third quarter of 2006.Click HERE for the FULL Story
Thursday, December 14, 2006
Business Week Article - Coins being melted
Given rising metal prices, the pennies and nickels in your pocket are worth more melted down than their face value -- and that has the government worried.Click HERE for the FULL Story
True deficit:: 3.5 Trillion!!
A report scheduled to be released by the Treasury Department tomorrow is expected to show the true deficit in the Bush administration's 2006 federal budget to be an astounding $3.5 trillion in the red, not $248.2 billion as previously reported.Click HERE for the FULL Story