Thursday, January 5, 2012
Ancient Greek coin auction
Once again items made from Silver retain or significantly increase in value over eons, whereas all paper eventually turns to dust and returns to the soil that it can from.
Anyone missing some Silver?
Any ABC Bullion customer missing 120kg of Silver bullion? If so I think the police in Sydney have just found it:
Wen Sees a ‘Relatively Difficult’ First Quarter as Chinese Exports Weaken
Chinese Premier Wen Jiabao said business conditions may be “relatively difficult” this quarter and monetary policy will be fine-tuned as needed.
“We see downside pressure on our economy and elevated inflation at the same time,” Wen said during a two-day trip to Hunan province, according to a statement on the government’s website yesterday. “We also face problems of weakening external demand and rising costs for companies.”
Economists at Barclays Capital and Bank of America Corp. say the central bank will cut lenders’ reserve requirements (CHRRDEP) before a weeklong Chinese New Year holiday starts on Jan. 23, the second reduction since 2008. The ruling Communist Party is shifting focus to supporting growth rather than damping inflation as Europe’s debt crisis threatens to curb exports.
“The government is closely monitoring the downside risks to growth,” said Chang Jian, a Hong Kong-based economist at Barclays Capital. “With an expected deceleration in property investment and exports, we expect to see more weakness in industrial activity.”....read more
Wednesday, January 4, 2012
Keiser Report: From Russian Oil with Love
RussiaToday
on Jan 3, 2012
This week Max Keiser and co-host, Stacy Herbert, present an Eastern European special looking at Swiss franc mortgages in Hungary, bank runs in Latvia and the wisdom of austerity. In the second half of the show, Max talks to economist, Professor Constantin Gurdgiev, about the outlook for the Russian economy and banking sector in the event of a Eurozone collapse and also about what austerity has done for Ireland.
This week Max Keiser and co-host, Stacy Herbert, present an Eastern European special looking at Swiss franc mortgages in Hungary, bank runs in Latvia and the wisdom of austerity. In the second half of the show, Max talks to economist, Professor Constantin Gurdgiev, about the outlook for the Russian economy and banking sector in the event of a Eurozone collapse and also about what austerity has done for Ireland.
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