Wealth Wire Archives

Economy Archives

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$22 Billion Treasure Hoard Found in Indian Temple: Over 1 TON of Gold - 2011-07-05
Recently unlocked vaults in a Hindu temple of southern India hold $22 billion worth of buried treasure, including a 15-foot long gold necklace.

Paul Farrell: 7 Reasons America Needs a "Good Depression" - 2011-07-05
Before our economy can recover, America needs a "Good Depression" to avoid a "Great Depression", according to Marketwatch's Paul Farrell.

3 Growth Stocks For 2nd Half - 2011-07-01
Oliver Pursche discusses three bullish stocks for the second half.

Social-Media Game Leader, Zynga, Files IPO - 2011-07-01
The largest social-gaming company, Zynga, recently filed for their IPO and some look to value the creators of Farmville and Facebook app games to $20 billion.

Inflation, Bonds, and Investments: What To Expect for QE3 - 2011-07-01
Global inflation analyst from BlackRock, Martin Hegarty is optimistic...

Is Austerity Really What Greece Needs? - 2011-06-30
Harvard professor of Economic History explains how the Greek austerity is not a permanent solution, only a temporary fix.

Gold and Silver's Short-Term Direction Unclear As QE2 Ends - 2011-06-30
Precious metals are having a little trouble figuring out what to make of QE2's demise...

Bank of America Settles Paying $8.5 Billion - 2011-06-29
Bank of America agrees to pay $8.5 billion to settle claims over soured mortgages.

Debit-Card Transaction Fee $16 Billion Ruling Shakes Up the Financial Market - 2011-06-29
Senate ruling on debit-card "swipe fees" goes in favor of merchants and retailers, but the banks are crying out for their $16 billion

Fed Vaults House $1 Billion and Counting in Coins - 2011-06-29
The Fed wasted three hundred million on $1 coins sitting in vaults. And the Fed is minting more.

$800 Billion in Money Market Funds Invested in EU Debt - 2011-06-28
Greece's default would cause havoc for money-market funds in the US and across Europe...

Google Launches Facebook Competitor, Touts Privacy - 2011-06-28
Can Google catch up to Facebook? A look at its chances with the new product.

Obama's Proposal to End $72 Billion Business Tax Breaks; Faces a Headache - 2011-06-27
President Obama faces tension from the Republicans on the tax break proposal, while Republicans walk out of talks with Biden.

Fed's 'QE2.5' Will Buy $300b In Next 12 Mos. - 2011-06-27
Even after QE2 ends in 3 days time, the Fed will continue buying up to $300b of securities over the next year (even without QE3)...

Over $1 Trillion in War Costs in 10 Years, Obama Withdraws Troops - 2011-06-24
With the alarmingly high federal deficit, troop removal projected to help stabalize spiking costs. Critics aren't all convinced.

Inflation Protection For Your Portfolio, Without Gold or TIPS - 2011-06-24
Owning precious metals is more important than ever. But even the most extreme gold bug should have a little diversification in their portfolio.

Jon Stewart Explains The Greek Debt Crisis - 2011-06-23
Funny, borderline must-watch clip from the Daily Show. Jon Stewart & co. explain the Greek financial crisis.

Fearing Bank Runs, Greeks Rush to Gold - 2011-06-23
As Greece's banking system teeters, many of its citizens are turning to -- (what else) -- gold.

6 Reasons Why Gold Is Rising - 2011-06-23
Smart investors tend to always look to gold when the economy is floundering. Here is a list from Forbes on the top six reasons why the price of gold will continue to go up, and why you should invest.

Bernanke Speaks, Markets Shrug - 2011-06-22
The mainstream read on the Fed statement is that there were no hints at QE3. Here's why they're wrong...

Fed's Bullard: 'When it does blow up it will be too late' - 2011-06-22
In a recent interview, Bullard offered a stark warning on the consequences of America's soaring debts, and a disturbing comparison to Greece...

Paul Hickey: Stocks Will Reach New Highs - 2011-06-22
Bespoke Investment Group's co-founder explains how the US will recover in the near future, and stronger.

Bernanke to Extend Stimulus? - 2011-06-22
Economists are now speculating that Federal Reserve Chairman Ben S. Bernanke will postpone the record stimulus reduction.

Gold and Silver Imports Surge 500% in India - 2011-06-21
Precious metal demand in India is soaring, fueled by near double-digit inflation.

Government Needs to Buckle Down and Fight for the Fate of America - 2011-06-21
The U.S. needs more job opportunities. Period. Experts focus on manufacturing as opposed to finance.

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