Obama Administration Fires GM CEO Wagoner

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

Here’s a short interview Marc Faber gave for Bloomberg recently (week of March 23rd), where he gave his current thoughts on US equities and Treasuries: Faber’s thoughts: Markets became extremely oversold on March 6, when the S&P touched 666  This rally may have some more legs, because the government is printing money – so asset prices may rise […]

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The Economist reports that researchers at the University of Nevada at Reno have found that coffee grounds can be turned into biodiesel that is comparable in quality to top biodiesel on the market today. Because the biodiesel is made from grounds, no extra land has to be diverted in order to generate the inputs for […]

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BCA Research reports that China is gradually moving its foreign reserves out of US assets, estimating that China currently has about 64% of its reserves in US assets, down from a high of 84% in 2003. BCA’s report also breaks down the types of US assets the Chinese have been purchasing, which recently has been […]

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The world’s major central banks are expected to reduce sales and lending of their gold bullion reserves this year, MarketWatch reports. Because central banks hold a significant portion of above-ground gold in the world – over 15% of it, the article reports – reduced selling by the banks could weigh on gold supplies. If you […]

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Are the dollar’s days numbered as the world’s reserve currency?  Not if  Congresswoman Michele Bachmann has her way. Earlier this week, Rep. Bachmann swung to the defense of the US Dollar, on the heels of China asking for a new world reserve currency. From Rep. Bachmann’s website: In response to suggestions by China, Russia, and […]

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