Recession Will Last At Least Two Years: Roubini Frank Holmes: When Inflation Erupts, Gold Will Take Off What Will Obama's "International Crisis" Be?
The US economy is entering a two-year recession that will be longer and deeper than previously feared, said Nouriel Roubini, a well-known economist and professor at New York University.
• Global Stocks Decline on Recession Concern; Euro, Oil Retreat
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Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors.
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Joe Biden's "guarantee" that an "international crisis" will unfold shortly after President Obama takes office conjures up several different possibilities, but it seems the likely outcome will revolve around an announcement that Iran has developed a nuclear bomb, prompting a potential military attack.
• McCain raises specter of nuclear war
• Obama takes 10-point lead on McCain
How Inflation Works: Why I Can’t Buy an Old Ferrari
Anyone who has been alive very long is aware that the US government has failed on the inflation front. Soft drink machines that once delivered a bottled drink for a nickel now charge a dollar, a twenty-fold increase in price.
• The Government Has Given Banks YOUR MONEY, and You Won’t Get Anything For It
• Unstoppable changes in the post crash world
• Too Big to Fail?
• Four More Years!
• Pound plunges after King warns of recession
• House prices ‘to plummet by 35%’ - the biggest ever fall in Britain
• Britain to loan Iceland three bln pounds
• Global stocks slide anew
• Next in the Financial Crisis: Possible Criminal Charges
• US banks receive threatening letters
Wednesday, 22 October 2008
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