Issue: 11/06/07 Tuesday Today was a VERY interesting day. The DOW and the entire stock market went up (just at the end of the day), but more indicative, most currencies hit NEW HIGHES against the dollar, and Oil hit a NEW HIGH, and Gold is soaring again. The odd man out in this picture is [...]
Issue: 10/26/07 Friday The week ended on high note if you’re in stock, but in a low note if you’re an American. The Dow ended up 135 points, but the Euro hit a new high, and so did oil and gold. Here’s what happened to the Euro. The dollar skidded to fresh record lows on [...]
Issue: 10/19/07 Friday By Global Economy Guru, Tom Harvey… I hope you didn’t blink today because the stock market was the story today. It went down 367 points. Why did it do that?? Well, it’s because the majority of players in the stock market finally learned the “R” word. They got scared because oil went [...]
Issue: 10/18/07 Thursday By Global Economy Guru, Tom Harvey… The market kind of went sideways today again. The big movers today were the bond market, oil and the Euro. The 10 year bond reduced in interest rate to 4.50%; Oil set a new high of $89.47; and the Euro ended at $1.4298. Eisuke Sakakibara, formerly [...]
Issue: 9/28/07 Friday A very important day in the market. Gold has declared that the US Dollar is fairly worthless. Gold reached $750 today, and this should be very disturbing to the central bankers of the world. All the other markets sort of moved sideways. Consumers shrugged off a rash of bad news to spend [...]
Issue: 9/20/07 Thursday By Global Economy Guru, Tom Harvey… Is the United States a Banana Republic? – does banana republic deserve to be capitalized for the USA? I sure hope that got your attention because today that elephant in the room that no one is talking about just stood on someone’s toes. Here is the [...]
Issue: 9/18/07 Tuesday By Global Economy Guru, Tom Harvey… The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 4-3/4 percent. Economic growth was moderate during the first half of the year, but the tightening of credit conditions has the potential to intensify the housing [...]
Wow. What a day. The FED finally acted. I wonder if there was a political push. They dropped the Discount Rate 0.5%. This won’t do a thing to solve the liquidity crisis that has been occurring. However, it did appear to make the financial institutions in NYC very happy, and investors became elated and drove [...]
