Daily Archive: Monday, May 25, 2009

Britain looks to the land of the rising sun with envy

[Skip to the end] Starts off good and then goes bad. Britain looks to the land of the rising sun with envy by Ambrose Evans-Pritchard May 22 (Telegraph) — Perhaps most surprising is that Japan fell in 1998, though it was by then the world’s top creditor with more than $1.5 trillion ...Read More

Saudi Arabian Oil Minister Naimi Says Oil to Reach $75 a Barrel

[Skip to the end] No reason to expect it won’t happen if they want it to happen. Saudi Arabian Oil Minister Naimi Says Oil to Reach $75 a Barrel by Adam L. Freeman May 23 (Bloomberg) — Saudi Arabian oil minister Ali al- Naimi said the price of oil will climb to ...Read More

Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone: Gilbert

[Skip to the end] Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone by Mark Gilbert May 21 (Bloomberg) — The odds on the dollar, Treasury bonds and the U.S. government’s AAA grade all heading for the dumpster are shortening. True, but for the wrong reason. There is no solvency issue, but ...Read More

Dallas Fed interview

[Skip to the end] Don’t Monetize the Debt by Mary Anastasia O’Grady May 23 (WSJ) — From his perch high atop the palatial Dallas Federal Reserve Bank, overlooking what he calls “the most modern, efficient city in America,” Richard Fisher says he is always on the lookout for rising prices. But that’s ...Read More