Wednesday, February 27, 2008

More Dollar problems


Gas Prices On Rise Again; May Pass $4 Gallon...

Oil Record: $102...

Euro surpasses $1.50 mark for first time...

Gold Nears $1,000 ounce...

Food shortages loom as wheat crop shrinks and prices rise: THE world is only ten weeks away from running out of wheat supplies after stocks fell to their lowest levels for 50 years.

World Grain Demand Straining U.S. Supply : Consumers usually reduce their purchases of goods and services if prices become too high. Buyers of United States corn, soybeans and wheat seem to be ignoring that economic principle, however, as the nation‘s grain stocks reach critically low levels

Why are wheat prices rising? : Wheat prices have hit record highs and tight supplies of the staple crop have ignited concern about rising food costs.

Foreclosures up 57 percent in the past year: The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn’t unload at auctions, a mortgage research firm said Monday.

One in 10 Home Loans Under Water : One-tenth of U.S. homeowners hold mortgages that are larger than the worth of their homes, Moody's Economy.com said Friday.


Oil Passes $101 On Weaker Dollar

Greenspan Tells Gulf To Drop Dollar

Get Your Money Out Of The Bank

Foreclosures Fail Because No Loan Ownership Proved!

FDIC To Add Staff As Bank Failures Loom

US Foreclosures Jump 90% As ARMS Reset

Major US Banks - Fundamentals Rapidly Deteriorating

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