Meredith Whitney says bank stocks coming down again on muni bond crisis
Interesting interview with the first lady of Wall Street, banking analyst Meredith Whitney. She sees a crisis in municipal bonds in 2011. And Whitney reckons the government is right to be dumping Citi stock now…
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The collapse of price fixing will keep silver prices rising
Reliable market estimates suggest that there around two billion ounces of gold held above ground in bullion, and only one billion ounces of silver.
Over time there has been far more silver mined than gold,…
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What does UK sabre rattling in the Gulf mean for investors?
It is a little alarming to read a story in The Daily Telegraph today about British preparations for an evacuation of the UAE in the event of war, for British families and presumably those of…
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US house price falls point to a weaker economy in 2011
US housing has not emerged from its long recession, and things are likely to get considerably worse before they get any better. That is the conclusion to be drawn from yesterday’s S&P/Case-Shiller index that showed…
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2011 the year that UK house prices finally fall
Prices that defy the forces of economic gravity do not stay high forever. UK house prices must fall into this category as outrageously high if judged by historic income multiples and the bleak economic outlook.…
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Hotel Review: The Fairmont reflects the new Abu Dhabi
Between the two bridges that access Abu Dhabi from the main Dubai highway and overlooking the magnificent white Sheikh Zayed Mosque lies The Fairmont, only open just over a year and one of a crop…
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Rick Rule very bullish on silver for 2011
The perennial star of the Agora Financial Forum held each year in Vancouver (click here), veteran stock broker Rick Rule came out strongly in defense of silver as a top pick for 2011 in…
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Ten top tips for 2011
Investors are likely going to face another roller-coaster of a year with a major change of direction for stock markets, a bond market crisis and more pain in real estate. In this conflagration precious metals…
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Restaurant Review: Marco Pierre White Steakhouse, Abu Dhabi
The second outlet for Frankies, the Italian restaurant jointly owned by the famous Dubai jockey Frankie Dettori and British celebrity chef Marco Pierre White has grabbed the headlines for The Fairmont, Abu Dhabi, and was…
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Chinese Christmas Day rate rise no present for financial markets
Burying bad news on Christmas Day has become something of a Chinese habit. Yesterday the People’s Republic did what markets have been fearing for weeks and raised interest rates. With consumer price inflation soaring higher…
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