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Sinking Currency, Sinking Country

Posted on Nov 6th, 2007 by J.K. : Double 3 J.K.

"The euro, worth 83 cents in the early George W. Bush years, is at $1.45. The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used... More »

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J.K. : Double 3

The Winners and Losers

Posted on Sep 20th, 2007 by J.K. : Double 3 J.K.

So, the Fed cut interest rates on Wednesday.  Following the announcement, the US dollar sank to a record low against the Euro while the futures market saw gold rocket to a 27-year high.   On... More »

3 Comments views (317)  
Nasdaq

Understanding the Federal Reserve

Posted on Sep 8th, 2007 by J.K. : Double 3 J.K.

To most Americans today, the Federal Reserve is just a name on the dollar bill.  They have no idea of what the central bank does to the economy, or to their own economic lives; of... More »

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J.K. : Double 3

The Crash of Middle Class Housing - II

Posted on Aug 22nd, 2007 by J.K. : Double 3 J.K.

In the first half of this year, home foreclosures are up by 41 percent.   Between now and 2009, two million families are expected to have the wrenching experience of losing their homes, as well as... More »

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J.K. : Double 3

The Crash of US Middle Class Housing

Posted on Aug 16th, 2007 by J.K. : Double 3 J.K.

Today, Countrywide borrowed $11.5 billion from 40 banks to fund new loans.   Fannie Mae said its profits were down 36%.  That I can count, the Federal Reserve has pumped $71 billion into our economy, and... More »

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J.K. : Double 3