This time, Max Keiser and co-host, Stacy Herbert, talk about French President Nicolas Sarkozy going postal on JP Morgan CEO, Jamie Dimon and about the US Drug Enforcement Agency goes Village People with their big lipped rubber ducky for sale. In the second half of the show, Max talks to Sandeep Jaitly of Bullionbasis.com about a gold standard, backwardization and the Austrian school of economics. Keiser Report on FB: www.facebook.com
This time, Max Keiser and co-host, Stacy Herbert, talk about emails showing Bear Stearns cheated clients out of billions. In the second half of the show, Max talks to Nomi Prins, author of It Takes a Pillage, about Goldman Sachs’ Facebook deal and more. Keiser Report on FB: www.facebook.com
This time Max Keiser and co-host, Stacy Herbert, talk about China’s ultimate yuppies, America’s sheetmetal workers’ union and a hundred trillion in new credit. In the second half of the show, Max talks to Reggie Middleton of Boombustblog.com about the foreclosure crisis and those lucky to miss out on Goldman’s Facebook deal.
Transcript by www.newsy.com BY JACQUELINNE MEJIA You’re watching multisource business news analysis from Newsy After days of anticipated decline, the euro rose to a 2-month high at the end of the trading week. Although traders and investors are feeling optimistic, a writer for currency forecaster Action Forex has doubts about looking at this economic glass as half full. “Even though it may seem like Europe’s debt problems have been pushed down the road, the market has given Europe the benefit of the doubt… The single currency may have yield on its side, but the path [ahead] could be bumpy.” Despite the euro’s increasing strength, uncertainly reigns as some EU members drown in debt. So far, the EU’s saving grace has been Germany, financially the strongest country in the EU. Its business climate rose in the past month, keeping German investors hopeful. (Video from Euronews) Newsweek quotes one financial expert as saying- Germany’s strong economy has been both a blessing and a curse. “‘Decisions on whether the economies of Greece, Ireland, Portugal, and Spain survive or collapse—indeed, decisions about the future of the euro itself—are made in Berlin more than ever…Everything depends on Germany now’” But is Germany willing to bail others out- without a guarantee it’ll get its money back? CNBC talked to a European economist about what kind of insurance Germany may ask for. “I think if it’s to agree to that, then there will need to be a quid-pro-quo and that will probably …
A report on causes of the recent global financial crisis has sparked anger over the authors of the meltdown. The document released by a US investigative commission, points finger at the country’s economic elite. But, as RT’s Lauren Lyster reports, previous experience showed those responsible are likely to go unpunished. RT on Facebook: www.facebook.com RT on Twitter: twitter.com
Bloomberg reports that the dollar fluctuated against its major currency counterparts following the US payrolls report that added fewer jobs than economists had forecast. The euro hit a three-month low against the greenback as Belgian and Irish credit-default swaps reached a record while the cost of insuring Portugal and Italy’s debt rose. The dollar dropped 0.4% to 83.04 yen this morning from 83.33 yen yesterday. It advanced 0.3%, however, to .2968 per euro, from .3003. It saw its strongest level on September 14, 2010, when it was .2936 per euro. According to JPMorgan Chase analysts, the dollar will fall about 12% to .48 per euro and drop 7% to 78 yen by the end of 2011 if the Fed keeps interest rates close to zero and the fiscal deficit remains near a record high.
The EUR/USD (Euro – US Dollar) exchange rate has fluctuated a lot during the last 10 years. Recently there is a lot of commotion about the slide of the Euro versus the US Dollar. Is the current situation exceptional? We made a 20 year history analysis for the EUR/USD exchange rate. Investors in foreign funds and forex traders who have more a long term view can use this.
