Despite what you may have read, heard or thought, there is no chance of Clearwire Corp. (NASDAQ: CLWRD) abandoning WiMax technology anytime soon. Though Clearwire CEO Ben Wolff did talk Monday about the possibility of adding support for Long Term Evolution (LTE) to Clearwire’s technology mix sometime in the future, in an interview Thursday morning Wolff left no doubt that C......
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Just a few months ago the race was on for gold. In March, gold blew past $1,000 an ounce. Commentators were jumping over each other to make a more attention-getting prediction than anyone else. $1,500 an ounce…$2 ,000…$3, 000 – they would say. The gold bulls were getting very aggressive. Some even started adding a time element to their predictions (i.e. “gold will hit $1,500 an ounce......
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New York Federal Reserve Opens ’Pawn Shop’ to Up ABS Junk By Anthony M. Freed On Wednesday, December 3, 2008 The New York Federal Reserve website reported that they will begin to purchase Asset Backed Securities (ABS) from failed mortgage giants Fannie Mae and Freddie Mac , as well as the Federal Home Loan Banks . They also hinted that they will stop there......
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Investors in commodity futures - and that includes all the people who own commodity futures ETFs - are in a world of hurt. It’s bad enough that spot commodity prices are crashing. Oil is down nearly $100 from its highs, and copper and other commodities are down 50% or more. more> >......
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If you have to pick one investment class that will shine in 2009, then choose gold, and probably silver. My prediction is that this will be the year when the Dow Jones to gold ratio goes to one. more> >......
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Recently published commentary from analysts at Citigroup and JP Morgan both paint a bright picture for the future of gold. Citigroup specifically mentions the $2,000 level as attainable. JP Morgan recommends buying gold for the run into the holidays. more> >......
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China’s leading search engine Baidu stock fell sharply after the bad news of its sales practice. Some medical product companies can pay Baidu to get a high ranking in the search engine results. It might be the pressure from Wall Street as a public company to maintain revenue growth. But in the long run, the action should destroy its brand image. And who could benefit from the error: Goo......
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Oil majors eye $5-billion ships to cut costs London — Oil and gas companies are racing to develop a new type of vessel they hope will revolutionize offshore gas production but even if the untested technology works, its deployment could be blocked by resource holders who fear it will undermine development goals. The industry hopes to build a fleet of ships or barges that can sail or be towe......
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Housing News To stabilize home prices need to reduce them Case for an inflationary Depression The housing bubble and the baby boomers Citigroup to cut most of Asia Real Estate team Back to the real economy China won’t dare to invest in US firms Gasoline News Nippon Oil, Nippon Mining to merge, slash output Short term cheap oil is good, long term is dangerous Gasol......
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Lately, there has been much discussion about Baidu’s problems re the disclosure that they were accepting payments from makers of less than consumer-friendly products for higher rankings. David Wolf has an excellent posting about how Baidu has hurt itself in the public relations battle, with some significant assistance from CCTV and Google. According to David, Google China has positioned it......
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Seeking Alpha/December 3,2003/ Michael Pettis The government was actively buying stocks Wednesday and as a result, not surprisingly, the market surged on hopes that they are serious about putting an end to the bear market. After declining Tuesday by 0.3%, the SSE Composite jumped 76 points today to close the day at its high of 1965, up 4.0%. Central Huijin, a subsidiary of the CIC, incr......
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I’ve been attempting daily tasks/goals to get things done. Getting even 1 or 2 things done in a day feels pretty satisfying. Sadly, it hasn’t worked out quite like that. Yesterday was bill day. How many did I pay? 0. Monday was "clean out my Firefox tabs" day. How many of the 40 I have open got closed? 0. This post to try and get some of these gone. Plus, who doesn......
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Welcome back to Coin Update! Here comes another round up of coin collecting news from around the web! First, two articles on gold. Also, speculation about the next Director of the US Mint, order cancellations pile up for 2008-W Unc Platinum Eagles, US Mint warns on Obama coins, coin doctoring, Presidential Dollar mintages, and notable auctions. On to the links… You have to get a chuckl......
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Photography: nortron A number of factors have changed the photography world. The Internet has created a whole new market with a limitless demand for images – even if not everyone actually pays for them, and those who do often have very limited budgets. Microstock, Flickr and a host of other services have broken down the barriers between producers and buyers so that anyone – and not just pr......
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“Something that everyone knows isn’t worth knowing.” - Bernard Baruch .  Baruch was referring to individual stocks, but I take his meaning to include the economy and “the stock marketâ€� as a whole. If something is already known, it will have no further influence on individual stocks or the stock market. It is only something new that will affect prices. Larry Swedroe is t......
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Real Time - Market Currents Seeking Alpha, NY - 2 hours ago But overall online holiday spending to date lags last year's by 2%. Comment! 9:50 AM Research In Motion (RIMM) blamed its FQ3 warning on unfavorable forex … More: Real Time - Market Currents - Seeking Alpha......
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...cts at these prices. But if you recall our conversation in the last go-round, I said at some point I expect a complete reevaluation of most things, but commodities in particular. (Go to http://see kingalpha. com/articl e/84220-se an-rakhimo v-3-digit- silver-ahe ad ) TGR: When you say commodities, are you doing base metals, precious metals? SR: Everything. Everything that has an intrinsic value. Here’s the situation. Suppose three of us represent countries. One has oil, the other has wheat, and I have copper. If I want to buy your oil, I go back to my ...
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If you were counting on gold to boost your returns this year, chances are you’ve been cruelly disappointed. In fact, when it comes to gold-related investments, virtually every category is down, making this one of the worst years in history for gold investors. more> >......
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All asset classes have been hit and commodities are no different; as a way to diversify we suggest that investors with the financial ability, understanding, and intestinal fortitude have 10-20% of their portfolios invested in commodities. We suggest trading both futures and options depending on the circumstances and would advise gaining exposure in energies, currencies, agriculture, softs and ......
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Two of the top emerging markets are grappling with food production and costs - resulting in higher prices in the months to come. The outlook for China and Brazil could portend higher grain prices, giving investors a chance to cash in on a potential rebound. more> >......
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Dr. James Schlesinger says the U.S. attitude towards oil “has only two modes – complacency and panic.” Schlesinger should know. In the 70’s he closely watched the Middle East as the U.S. Secretary of Defense. Then he would move on to become the first U.S. Secretary of Energy when oil prices were really starting to move up during the Carter Administration. more> >......
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Using the iPath Crude Oil Index (( OIL)&# 41; in this graph (click to enlarge), we wanted to highlight the spectacular fall in crude prices: more> >......
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Bad Credit ? Should I Hire a ‘Credit Repair’ Company? - Austin Chronicle 2 Dec 2008 at 2:26am Having bad credit is never really a good thing. Creditors are always calling and nagging, sending junk mail and other such methods trying to squeeze a payment out of a turnip. I mean seriously, If you had the money to pay, then you would not be in … Economic Survival 101: How......
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While mortgage rates haven’t kept pace with the plummeting Fed Funds Rate, the 30-Year Fixed rate has come down almost 75 basis points in recent weeks to a national average of around 5.7% yesterday. The recent trend got a boost last week from comments by Ben Bernanke that the Fed, which doesn’t have much fire power left with its signature rate (how much lower than 1% can ......
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Copper, gold, and molybdenum producer Freeport-McMoRan (FCX) has released a cast iron, kitchen sink of a statement this morning, announcing the suspension of the $2/share annual dividend and a 50% cut in 2009 capital expenditures, along with volume cuts for copper and moly covering the next two years. The moves come in response to rapidly falling spot prices for copper and molybden......
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