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By admin, on July 5th, 2010%
Bloomberg reported today that the Chinese crackdown on inflation is working as auto sales grew at a slower pace in June last month. China has been tightening their monetary policy to try and reign in inflation in the last couple of months. Looks like its working. . . . → Read More: Chinese auto sales show another sign of slowdown and possible deflation
By admin, on June 22nd, 2010%
Here is a great, entertaining video showing the differences in economic theory between John M Keynes and FA Hayek.
Can you guess which one the government . . . → Read More: Keynes vs. Hayek
By admin, on June 16th, 2010%
Yesterday France announced that they would raise their retirement age to 62 and they are also raising their hightest income tax rate to 41%. So here you go America this is your future.
Given the huge debt runup the US has had in the last 2 years at the hands of both parties this is what we . . . → Read More: France raises retirement age is this our future?
By admin, on June 12th, 2010%
Last week Moody’s downgraded the State of Illinois to A1 from Aa3 and yesterday Fitch downgraded them also.
The question is what states are next? According to estimated data from the website USgovernmentspending.com the state with the highest debt to GSP (Gross state product) is Rhode Island at 32.9% with Wyoming having the lowest of 9.2%.
I have . . . → Read More: Bond downgrades for the State of Illinois
By admin, on June 10th, 2010%
The Investment Company Institute released their weekly mutual fund flow numbers for the week of June 2nd last night. It shows total fund inflows last week of $3.4 billion. Some excerpts from the report at ICI.org:
Equity funds had estimated outflows of $654 million for the week, compared to estimated outflows of $17.39 billion in the previous . . . → Read More: ICI fund flows thru 6-2-10
By admin, on June 5th, 2010%
Here is an extremely funny (if it weren’t true) video regarding the future of global finance. . . . → Read More: The collapse of the world explained in 3 minutes
By admin, on June 1st, 2010%
Bloomberg is reporting that the Japanese Prime Minister Yukio Hatoyama will resign. Man the Japanese will do anything to keep their currency low to help . . . → Read More: Japanese Prime Minister resigns
By admin, on June 1st, 2010%
In what may be one of the most absurd things I have read today, Christian Noyer of the ECB said the following.
Risk appetite tends to increase when interest rates stay low and liquidity is perceived as abundant,
In case Mr. Noyer hasn’t opened a paper, turned on a TV, or been in an ECB meeting in the . . . → Read More: The ECB is worried about low rates?
By admin, on May 18th, 2010%
Don’t look now but it appears that the Europeans could pull the rug out from under the US economy and thwart the liquidity induced recovery we have had over the last year. As we all know the ECB came out with their version of TARP to backstop the Greek debt and in essence bail out the . . . → Read More: Europe could cause a double dip in the US
By Don, on November 12th, 2009%
Lending Club has increased their new account bonus to $40 when invited by an existing member. If you have ever thought about opening a lending club account you should look into it. Average returns for social lending at Lending Club are 9.67%.
If anyone is interested contact me at contact@keepmydollar.com and I will send you . . . → Read More: Lending Club $40 for new accounts
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