Is this any different to the Great Depression of the 30s?
Professors Barry Eichengreen (Berkeley) and Kevin O’Rourke (Trinity) have produced these charts:
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Have gold prices already bottomed out?
Extrapolating charts is notoriously difficult but in these charts we can clearly see the $707 low for gold last November and the more recent low…
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Roubini gives nine reasons to stay pessimistic
Professor Nouriel Roubini has been the forecaster to watch in this recession. He spotted it coming. He gave the best analysis as it happened. But he still does not see it going away. Here are…
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Can Paris really be the new Dubai?
When Americans want to die they go to Paris, but Paris Hilton seems to have decided that if you want to live you should come to Dubai.
Or perhaps her arrival in Dubai yesterday…
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Chart of a stock rally that has come to an end?
This chart is from Adam Brochert who concludes:
‘The trend line of the $NYSE has broken to the downside after a tremendous and rapid bear market rally that has restored hope beyond belief in the…
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Could gold shares be approaching important buying level?
According to my old friends at www.golddrivers.com gold stocks are approaching an important entry point for buyers. As the website explains:
‘Gold shares came tumbling down hard since early June which translated itself into a…
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Russia proposes gold be included in new global currency
Russia is proposing the inclusion of the ruble, yuan and gold as a part of a revised basket of currencies to form the valuation of the IMF’s special drawing rights seen as the coming new…
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Why is Qatar Airways still buying planes?
Still yet to make a profit in a single year Qatar Airways continues to amaze industry observers with its aircraft orders. Yesterday out came the check book with a $1.9 billion order for 24 Airbus…
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Emaar debacle marks end of DFM rally
The Emirates Securities and Commodities Authority, the regulator of the Dubai Financial Market, has demanded a full explanation from Emaar Properties about the status of a reported agreement with Kingdom Holdings to build the world’s…
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13-week rally proves unlucky: sell, sell, sell!
If we count last week as a turning point then the 13-week stock market rally seemed to have finally come to an end yesterday with a two to four per cent fall in all the…
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