In an interview with Louis James, world traveler and legendary speculator Doug Casey makes a compelling case for becoming a "permanent tourist" to be best able to survive the coming economic crash.
Louis James: So Doug, you're off to FreedomFest 2012 shortly, where people will be able to hear your latest thoughts on many subjects. Maybe you can give us a sneak preview on whatever is uppermost on your mind today. Continue reading "Doug Casey: A Eurocrash Is Baked in the Cake"
By CHRIS KAHN
AP Energy Writer
(AP:NEW YORK) Oil soared the most in more than three years after European leaders took surprisingly aggressive steps meant to halt a debt crisis that has undermined the regional economy.
Benchmark U.S. crude jumped by $7.27, or 9.4 percent, on Friday to end the week at $84.96 per barrel in New York. Brent crude, which helps set the price of imported oil, rose by $6.44, or 7 percent, to $95.51 per barrel in London.
The surge could end a nearly three-month decline in U.S. gasoline prices. The national average for gas had declined from $3.94 per gallon in the first week of April to $3.35 on Friday. Continue reading "Oil soars 9 pct as Europe moves to tackle crisis"
By The Associated Press
Federal disclosure rules that go into effect Sunday will make it easier for workers and retirees to see how much their 401(k) accounts are being docked in fees.
As of July, 401(k) providers must clearly disclose to employers for the first time the fees they charge the retirement savings plans for investment management, record keeping, administration and other services. Continue reading "401(k) fee transparency rules take effect Sunday"
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 29th of June.
The devil is in the details and the situation in Europe has yet to be clarified. Let's see what happens when the details come out. At the moment, the markets are reacting positively to this quasi arrangement in Europe, but I believe it's too early to tell even looking at the markets. Continue reading "Daily Video Update: Wow!! I Guess Europe is not quite ready to roll over and play dead."
By DANIEL WAGNER
AP Business Writer
The Dow Jones industrial average jumped more than 200 points, joining a surge in global markets, after European leaders agreed to easier bank bailouts and regional oversight for their troubled financial sector.
Leaders in Brussels unveiled a plan to funnel money to banks directly from a regional bailout fund. They also agreed to ease austerity measures that are causing political unrest and agonizing recessions in Greece and other nations that have received bailouts. Continue reading "Stocks rally as Europe unveils debt crisis plans"
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