In an interview with Yahoo! Finance’s new daily trading and investing show, “Breakout,” Jim Rogers hinted he may buy U.S dollars.
Internationally renowned investor Jim Rogers told “Breakout” hosts Matt Nesto and Jeff Macke that he’s considering buying the U.S. dollar now, but with a catch.
“We’re at a moment of truth for the dollar,” he says.
Rogers, who is currently long the yen, notes that the dollar has been declining despite events that would normally trigger a global flight to safety. Source: Yahoo Finance Breakout Show.
James Rogers, is an American investor and author based in Singapore. He is chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund with George Soros and creator of the Rogers International Commodities Index.
written by Constantine Njeru
\\ tags: American Investor, Beeland Interests Inc, Bets, Co Founder, Dollar Currency, George Soros, Global Flight, Hosts, International Commodities Index, James Rogers, Jeff Macke, Jim Rogers, Matt Nesto, Moment Of Truth, Quantum Fund, Rogers International Commodities Index, Safety Source, Yahoo Finance, Yen Dollar, Yen Notes
Warren Buffet is having a look at how his company, Berkshire Hathaway is performing and is convinced the US economy is on the upswing.
In a 2010 yahoo finance and huffington blog interview the famous investor was quoted saying : -
The stimulus is working
If you feel the massive stimulus is not working for you, Buffet may disagree
“We’re hiring,” he adds, referring to many of his Berkshire Hathaway companies.
Buffet then painted a sunny picture for the US economy
The stimulus is working and the economy will improve in the next 2-3 years.
If you doubt Warren Buffet predictions Just remember his nick name is the Oracle of Omaha
To watch the full interview visit yahoo finance
written by Constantine Njeru
\\ tags: 3 Years, Berkshire Hathaway, Company Berkshire Hathaway, Economic Forecast, Economy, Finance, Investor, Nick Name, Oracle, Oracle Of Omaha, Stimulus, Upswing, Warren Buffet, Yahoo, Yahoo Finance
Yahoo finance have an interesting interview with Michael Pento, senior market strategist at Delta Global Advisors. The man has come up with some neat mathematical calculations on why Americas’ debt is a disaster waiting to happen.
I have always thought uncle Sam is too big to fail but after reading Michael Pento interview the US could be another Greece tragedy or may be, another Argentina.
Using Treasury Department’s recent U.S debt estimates that showed total U.S. debt will top $13.6 trillion this year and rise to 102% of GDP by 2015. Moreover, the publicly traded debt (debt excluding intra-governmental obligations) will rise to $14 trillion by 2015, up from “just” $7.5 trillion in 2009.
Mr Pento then calculates, At $14 trillion, the interest payments on the public debt will total about $1 trillion in 2015, he continues; even assuming solid growth and low inflation, that would equal about 30% of total government revenue. “What do you think that does to our bond market?,” Pento wonders. “It leads to a dollar crisis and a bond market crisis. That’s why gold refuses to go down. ”
If Pento is right then expect the yield on US treasuries to rise. Investors in bonds could see the value of the bonds fall.
Read the rest at the Source Yahoo Finance
written by Constantine Njeru
\\ tags: Bond Market, Bonds, Debt Crisis, Dollar Crisis, Gdp, Global Advisors, Government Revenue, Governmental Obligations, Inflation, Interest Payments, Market Crisis, Market Strategist, Mathematical Calculations, Michael Pento, Public Debt, Treasuries, Treasury Department, Trillion, Uncle Sam, Yahoo Finance
The Internet Crime Complaint Center reported that Americans lost about $559 million to Internet thieves in 2009.
According to an article by bankrate.com, in 2009 and published at Yahoo finance, there were more online bank robberies than there were actual on-site bank robberies.
How Hackers are Stealing Your Bank Details
Hackers seems to have developed a virus that is designed to specifically go after online bank details
Banking Trojans — malicious code specifically designed for banking fraud. They are invisible and can steal multiple types of data, including passwords. Some more advanced types of Trojans can make fraudulent transfers and drain your account while you are logged on to the account online
Thats sound scary!!
Tips on How To Protect you account. Read this Yahoo Finance Article
written by Constantine Njeru
\\ tags: Bank Account Details, Bank Details, Bank Robberies, Banking Fraud, Fraudulent Transfers, Hackers, Internet Crime Complaint Center, Malicious Code, Online Banking, Online Crime, Passwords, Scary, Thieves, Trojans, Virus, Yahoo, Yahoo Finance
Theme designed by Wordpress Hosting supported by Best Web Hosting.
|
|