India drives up gold price

China becomes world’s wealthiest state

By: intellectual

China’s gold and currency reserves have recently hit the mark of $2 trillion. The nation can now boast of having the largest state reserves in the world. The Chinese people save up to 75 percent of their country’s GDP in spite of the fact that China does not pay pensions and does not have free of charge education and healthcare ...

18 days ago

Is there another economic bubble forming?

By: northsunm32

  This article analyses Nouriel Roubini's view that a huge bubble is being formed because of low interest rates. This leads businesses to borrow and buy various assets causing prices to rise and making huge profits. Roubini is not claiming that the bubble will burst soon but it is starting to form and will burst sometime in the future. ...

25 days ago

OIL FUTURES: Crude Rises Near $80; Market Awaits EIA Data

By: azhar12

Crude oil futures rose Wednesday, moving closer to the $80 mark after data from the American Petroleum Institute showed a larger-than-expected drawdown in US crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $79.54 a barrel at 0553 GMT, up 40 cents in the ...

18 days ago

CENTRAL BANKS SHIFT AWAY FROM US DOLLAR

By: WilliamC.Urban

Central Banks Lead Subtle Shift Away From Dollar Tuesday, November 3, 2009 4:42 PM Article Font Size   NEW YORK -- Central banks with trillions of dollars in reserves that are already stepping up euro and yen purchases will likely continue doing so in

about 1 month ago