RESERVE Bank board member Warwick McKibbin has warned that Australia is being caught up in a global bubble that could hit us much harder than the global financial crisis and expose the weaknesses of Labor’s economic settings. Professor McKibbin told The Australian the bubble in global commodity prices and property markets in Asia threatened to dwarf the US housing market bubble that led to the GFC in 2008. He warned that …Read more
China & Russia have dropped the USD in Bilateral trade (trade between the to of them) China and Russia will …Read more
Today the AUD hit .99 USD!!! The highest since the currency was floated back in 1983 For some reason this …Read more
We have been promised for at least the last 12 months now that we are coming out of, or we …Read more
Wycky is back online Sorry to my 5 readers out there I have been a bit busy being lazy and …Read more
Spain has been warned by the IMF to curve their spending to cut government deficits to prevent another “Greece” from happening. …Read more
The worlds top forecasters all believe 2010 is going to be a bad year, worse then the collapse of 2008 (and …Read more
As Europe is bailed out to the tune of nearly $1 trillion dollars, Congressman Ron Paul warns that the constant …Read more
A Good Interview below with Gerald Celente. He starts of with an “I told you so” about Greece, then talks …Read more
Anyone notice that 1000 point drop in the Dow Jones, apparantly the cause was human error – fat finger syndrome ! A HUMAN …Read more
An estimated 100,000 people took to the streets Wednesday during a nationwide wave of strikes against spending cuts aimed at …Read more
The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing …Read more
Greece is running out of money and fast. Greece is trying to get a loan from Germany and below market …Read more
The yield on 10-year Treasuries – the benchmark price of global capital – surged 30 basis points in just two …Read more
What is the FDIC: The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system …Read more
I have previously posted Gerald Celente’s forecast videos re the 2010 collapse. He still believes this is the case, the stimulus / bailout …Read more
More bad news about the US economy. Home Sales are down 11.2% January even though economist were expecting a 5% …Read more
A lot of bad financial news coming out of the US in the last 24 hours, just seems to be …Read more
The story below is a “joke” that has been circulating around the web. The sad thing is it’s really not …Read more
If anyone actually watched Obama’s State of The Union Speech it was more like a pep rally or like Obama …Read more