White House Said to Set Goal Easing Housing-Price Pressure

Aug. 10 (Bloomberg) -- The Obama administration is seeking ideas from investors on how to convert thousands of foreclosed properties owned by government-backed entities into rental homes,…


On t’Mark – tin hats, Band-Aids, US psyche hurt, ECB’s peashooter, UK riots

On t’Mark – tin hats, Band-Aids, US psyche hurt, ECB’s peashooter, UK riots OK, tin hats on; Dora Band-Aids at the ready?  What do you mean we’re out of them?  Oh, the ECB used the last one last…


GOLD HITS RECORD HIGHS, MINERS UNDERVALUED

Gold traded at new highs today however many quality gold miners have not reflected the strong gains in Gold in 2011. Gold miners in general are undervalued, Junior Gold companies are also very…


Obama Says Markets Don’t Doubt U.S. Ability to Pay Debts

Aug. 8 (Bloomberg) -- President Barack Obama, breaking his silence on the downgrade of federal debt, said that the U.S. “always will be a AAA country” and that he will release a new proposal to deal…


Geithner Rips S&P for 'Really Terrible' Move on Downgrade

Treasury Secretary Timothy Geithner ripped Standard & Poor's two days after the ratings agency downgraded US debt, saying the stunning move was based on a "lack of knowledge" about the nation's…


Beyond debt woes, a wider crisis of globalization?

(Reuters) - The crises at the heart of the international financial and political system go beyond the debt woes currently gripping the Western world and to the heart of the way the global economy has…