About 30 years ago, Paul Volcker launched a monumental monetary effort to bring down inflation. As Fed chairman, he sold bonds, removed cash from the economy and cared not one wit about rising interest rates. And it worked. Gold plunged, King Dollar soared, and the drop-off in bank reserves and money extinguished high inflation — […]
Facebook shares scraped a new low Tuesday.
The new drag on the already leaden stock: Analysts from two of Facebook’s largest underwriters on its botched initial public stock offering cut their price targets.
The Morgan Stanley and JPMorgan Chase analysts also reduced their revenue projections.
Shares closed down nearly 2%, or 33 cents, to $17.73 as some on […]
The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year.
Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in […]
Facebook’s stock has crashed to a new all-time low. It’s at $18.12, a 5.08 percent crash, as of this writing. The reason for the stock slump appears to be a negative analyst report from BMO.
Read more at BusinessInsider
Report: Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold
August 16th, 2012
In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the […]