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Wednesday, August 4, 2010

Commodities - Wheat Soars; Rogers Sees 'Much Higher' Food Prices - CNBC

Commodities - Wheat Soars; Rogers Sees 'Much Higher' Food Prices - CNBC

The July rise in wheat prices, the fastest in 51 years, indicates that shortages in agriculture are coming, Jim Rogers, chairman of Rogers Holdings, told CNBC.com Tuesday. ...

"That's the straw that broke the camel's back,"

"We're going to have much, much higher prices over the next few years,"

"Be prepared, if you have a sugar bowl home go fill it up because it's going to be more expensive,"

"Prices aren't high enough and most people don't believe it,"

"Unless prices are high you're not going to attract people in the business. Eventually people will go into farming again but it's going to take a while."

"It's all happening at a time when governments are printing more money… it's a very dangerous situation,"

"When you print money, it's got to go in a place where it can protect itself, and that's real assets,"

Tuesday, August 3, 2010

US Unemployment Could Rise Before It Drops: Geithner - CNBC

US Unemployment Could Rise Before It Drops: Geithner - CNBC

Treasury Secretary Timothy Geithner said the U.S. unemployment rate could rise for two months before it drops, potentially deepening Democrats' problems in the November congressional elections. …

Fed Is Unlikely to Take Major Steps to Boost US Economy - CNBC

Fed Is Unlikely to Take Major Steps to Boost US Economy - CNBC

Markets might be getting ahead of themselves in anticipating some bold new moves from the Federal Reserve to combat the weakening economy. …

Banks Continue to Suffer From Weak Revenue Growth: Whitney - CNBC

Banks Continue to Suffer From Weak Revenue Growth: Whitney - CNBC

Despite relatively strong second-quarter earnings, US banks are still suffering from poor revenue growth and will continue to do so at least into next year, financial analyst Meredith Whitney told CNBC Tuesday. …

Monday, August 2, 2010

Editorial Cartoons

Editorial Cartoons http://i.usatoday.net/news/opinion/_photos/2010/08/02/e100802_pettpg-vertical.jpg

By Joel Pett, Lexington (Ky.) Herald-Leader, Cartoonists and Writers Syndicate, for USA TODAY

Bernanke sees 'moderate growth;' long road to recovery

Bernanke sees 'moderate growth;' long road to recovery

NEW YORK (CNNMoney.com) -- Federal Reserve chairman Ben Bernanke said Monday that the U.S. economy faces a long and bumpy ride ahead to overcome the deepest recession since the Great Depression, though the worst is over. ...

Economist: V-Shaped Recovery Won't Go W-Shaped - CNBC

Economist: V-Shaped Recovery Won't Go W-Shaped - CNBC

China manufacturing growth slows

China manufacturing growth slows

China Overtakes Japan as World's Second-Largest Economy

China Overtakes Japan as World's Second-Largest Economy from DailyFinance

China is now the world's second-largest economy, having overtaken Japan, a senior Chinese official said. ...

Sunday, August 1, 2010

Commodities - Is Gold Pointing to Lehman Mark II? - CNBC

Commodities - Is Gold Pointing to Lehman Mark II? - CNBC

Gold and oil prices are flashing warning signals that this summer may look more like the summer before the collapse of Lehman Brothers than the one that preceded the onset of the crisis in 2007, according to Simon Derrick, head of currency research at Bank of New York Mellon. ...