Monday, July 27, 2009

BNN : Interview re: IOUSA The Movie

Click here to watch

Technically Precious With Merv

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"The End of Wall Street"

Part 1 - In the first of 3-part series, Wall Street Journal explains how the housing bubble inflated & burst, & why easy money led to the collapse..

Part 2 - What was going through the minds of CEOs, corporate boards, fund managers & mortgage lenders as they created derivatives that Warren Buffett called “financial weapons of mass destruction"?

Ultimate Depression Survival

... interview with author Martin Weiss... discusses the nature of the unfolding depression, how it came about & where it is going, how to prepare & survive - tips on getting rid of debt ... thinks the real bottom in the depression is still ahead... thinks govt bailouts are bad, inhibiting recovery... short-term recommends certain types of bonds & safe cash investments, inverse ETFs, precious metals... longer-term sees opportunities in foreign investments... inflation vs. deflation, sees benefits in deflation over inflation. Click to listen to audio Windows OR MP3

Recession End Near????

Stock Trading Slowdown Is Steepest in Two Decades

Stock trading in the U.S. hasn’t slowed this much midyear in at least two decades, causing some investors to worry that the steepest Standard & Poor’s 500 Index rally since the 1930s will fizzle.

The CHART OF THE DAY shows 84 percent as many shares changed hands daily on the New York Stock Exchange between May 1 and July 20, compared with the average from Jan. 1 to April 30. That’s the steepest slowdown since at least 1989, according to data compiled by Harrison, New York-based research firm Bespoke Investment Group LLC.

Trading on the NYSE was the slowest of the year on June 12 as the S&P 500 climbed to a seven-month high. The benchmark index for U.S. stocks then dropped 7.1 percent through July 10, when investor optimism on the equity market fell to the lowest level since March, according to data compiled by Bloomberg. The S&P 500 is up 44 percent since March 9. (more)

China May Press Geithner on Dollar, Economy in Washington Talks

The dollar may be the focus of Chinese-U.S. talks starting in Washington today as China presses the Obama administration on how it will tame the fiscal deficit and protect the U.S. currency’s value, Morgan Stanley said.

Treasury Secretary Timothy Geithner and Secretary of State Hillary Clinton will host two days of meetings spanning topics from the economic crisis to North Korea. The Strategic and Economic Dialogue is the Obama administration’s first with China. (more)

Bernanke: This may be worse than Great Depression

Federal Reserve Board Chairman Ben Bernanke discussed the economy with average Americans on Sunday, saying the current financial crisis could be even more virulent than the Great Depression.

"A lot of things happened, a lot came together, [and] created probably the worst financial crisis, certainly since the Great Depression and possibly even including the Great Depression," Bernanke said at the start of a town-hall meeting in Kansas City.

Bernanke defended the Fed's extraordinary moves, which have included slashing interest rates to zero, pumping billions of dollars to keep credit markets open, and buying Treasurys and mortgage debt to keep long-term interest rates low.

"I was not going to be the Federal Reserve chairman who presided over the second Great Depression," he said. (more)

Trend Trader for Monday July 27, 2009

Rolling Stone: The Great American Bubble Machine PT.1 of 5

Part #2, Part #3, Part #4, Part #5