During his testimony before Congress this week, Ben Bernanke didn’t hesitate to opine on a number of topics that had very little to do with his mandate as Fed Chairman. The wealth gap, racial factors in income inequality, and the impact of capital gains tax policy were all fair game.
TSX Venture listed companies were the beneficiaries of over CA$1 Billion in the month of June, bringing the total amount raised for 2007 to almost $6 Billion.
As we have said so many times before in these pages, watching the government do practically anything is akin to watching molasses run down he hill in January. But as slow as that bureaucratic morass is, when it finally does manage to make a decision with some real weight, it comes crashing down like a massive hammer.
In China’s big cities, maids are going back to work and casting their day-trading dreams to the wind. The number of new accounts for trading Chinese A-shares (the most basic stock available to retail traders in the Middle Kingdom) is dropping far from recent record highs.
To almost any sane person, a 1,300 pound bull is nothing to be fooling around with. An image of power, the massive animal is really nothing more than muscle, hooves, and horns. And then there is the attitude–its pretty nasty.
This week, bond rating agencies Moody’s and Standard & Poor’s finally announced downgrades on billions of dollars of bonds backed by sub-prime mortgages.
Like most entrepreneurs, Roger Davey is a man who sees something that very few other people do. Because of it he takes risks, he works hard, and he pushes his dream down a road with no sure answers. And as with most monomaniacs, his dream will either end in the Promised Land or at the bottom of a cliff.
It’s alternative energy. Meaning non-hydrocarbon energy. And for this discussion, we will temporarily ignore uranium, for its use has grown sufficiently that it really can’t at this point be considered “alternative.”
Recently I told you about a 100 MW solar power project in Abu Dhabi, one of the United Arab Emirates. As one of the top oil and gas producers in the world, the UAE won the geological jackpot. Otherwise, it would be a loose confederation of feudal desert monarchies.
As the Japanese government continues holding short-term interest rates near zero while printing yen like it is going out of style, getting out of the yen has now replaced pachinko as the national pastime for rank-and-file Japanese.
After bubbling beneath the surface since last February, the absolute rot that is sub-prime lending reared its ugly head again last week. But this time it wasnt just the stories of failing lenders like New Century and others that roiled the markets, it was much further up the ladder. The contagion is spreading after all.
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