Top Central Banks Not Planning Shift Out of Euro
Some of the world’s richest central banks will not stop investing in the euro, supporting its reserve status, despite the sovereign debt crisis hammering the euro zone’s currency, government sources said.
Bilderberg 2010: Final List of Participants
Here’s the list of attendees at the 2010 Bilderberg meetings.
U.S.’s $13 Trillion Debt Poised to Overtake GDP
By Garfield Reynolds and Wes Goodman June 4 (Bloomberg) — President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.” The CHART OF THE DAY tracks U.S. gross domestic product and […]
“The Retirement Time Bomb” Overcoming 7 Financial Land Mines That Can Destroy Your Retirement
Description: In this informative webinar, you will learn: An overview of the ideal financial plan as we head into the future. A Biblical worldview on the future of investing. An unusual prediction on where the financial markets may be heading based upon Bible prophecy. How to set financial goals in difficult economic times like these. […]
(VIDEO) Man who exposed Bilderberg reveals conspiracy secrets to EU
Secretive and elite – the Bilderberg group, which unites some of the World’s most powerful people, has been meeting behind closed doors for decades
The PIIGS Are Getting Hungary
Podcast: Play in new window | Download (Duration: 52:38 — 48.2MB) | Embed
On this week’s program, Jerry Robinson gives his insights concerning the widening European Debt Crisis, the BP Oil Spill, along with an in-depth look at the other most important headlines of the week. Our special guest interview is with Paul Nolte, CFA (Dearborn Partners, Managing Director). Mr. Nolte provides his market outlook for equities for the next several months.
Government Jobs Account for 95% of May Job Increases
American companies hired fewer workers in May than forecast and workers dropped out of the labor force, indicating government support is still needed to spur economic growth. Private payrolls rose by 41,000, Labor Department figures showed today, trailing the 180,000 gain forecast by economists. Including government workers, employment rose by 431,000, boosted by a jump in hiring of temporary census workers. The jobless rate fell to 9.7 percent from 9.9 percent.
U.S. National Debt Tops $13 Trillion Mark
The federal government is now $13 trillion in the red, the Treasury Department reported Wednesday, marking the first time the government has sunk that far into debt and putting a sharp point on the spending debate on Capitol Hill.
Feds halt new oil drilling in Gulf
The Obama administration is blocking all new offshore drilling in the Gulf of Mexico, a day after regulators approved a new permit for drilling in shallow water.
Fed’s Hoenig lays out plan to hike interest rates
Thomas Hoenig, the president of the Kansas City Federal Reserve bank, laid out on Thursday his proposed plan to take short-term interest rates from near-zero to 4.5%. In a speech in Bartlesville, Okla., Hoenig said the country pays a high cost for low interest rates, suggesting that the financial crisis stemmed from the very low interest rates of 2002-2005.
Goldman Sachs sold $250 million of BP stock before spill
The brokerage firm that’s faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.
According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman’s sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP’s stock during the quarter.
FTMQuarterly Newsletter – Spring 2010 Issue (PDF)
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