Here is a Bloomberg Business article that details the destruction of jobs, caused by the economic crisis that was in the making before 2007, and subsequently reared its ugly head in 2007-2008. It takes you from the past 50 years until now. Interesting read.
Read the full article below:
Apparently Draconid meteor shower happen every October, but are usually quite weak to see. However, this October 8th there will be a meteor shower that is larger in scale than previous events. Meteorologist say that the coming meteor shower event will pose risk to orbiting space crafts around earth.
My question is, how close to earth are these meteors going to be to earth?
Read full article here: http://www.theweathernetwork.com/news/storm_watch_stories3&stormfile=meteor_outburst_forecast_in__270911?ref=ccbox_weather_category3
Watch this video of a fireball streaming in the sky in Argentina…very strange apparently it was responsible for destroying a town.
Read the full article here: http://rt.com/news/fireball-wrecks-town-465/
The 2007 violent sharp downward move happend on Oct.29th which signal the bear market that eventually ended and bottomed on March, 2009. From the beginning of the bear market crash to the bottom the timeframe was 17 months roughly. The pattern is pretty much the same for all markets Dow Jones, Nasdaq and S&P 500.
The reason why commodities prices drop is simple, when good times are here, demand for commodities increase. More computers, electronics and other products requiring commodities like gold, silver and rare earth minerals are being manufactured, because the economy is in a growth stage more products are being sold to consumers and corporations.
Have you watched the mainstream news lately, it would seem that the hurricane Irene rebuilding or recovery is no where to be seen. The U.S government controlled news networks don’t want you to know that the American government is broke and FEMA has no money to help the 100′000 of people affected by the natural disaster.
It is just a matter of time before every market will start to test the 2008-2009 lows. Right now all governments around the world is just delaying the evitable.
Lucky I just switched my TD Precious Metal Fund over to TD Canadian Bond fund. I moved my TD Precious Metal Fund over when it closed at the NAV of $79.48 about a week or so ago and on the day gold drop $64.90 (Sept 22, 2011), the closing NAV on Sept 22nd of the TD Precious Metal Fund is $70.64. Wow, that is a drop of almost $9. One thing about precious metal mutual funds is that it moves in tandem with mainly the stock prices of gold mining companies, and it would seem that the gold mining companies also took a hit.
TOKYO — Japan’s nuclear agency says the amount of radioactive cesium leaked from a tsunami-hit nuclear plant is about equal to 168 of the atomic bombs dropped on Hiroshima.
This is a little old news, however it is a bit disturbing and going forward is going to have big environmental and human health impact. Within the next 10 years I would bet that there will be a large spike in cancer cases in Japan and surrounding areas, as well globally.
Here is a great video that explains in detail what a debt crisis is, and what the United States has been doing with debt the last 20-30 years. Shocking, no doubt to realize the the so called “wealthiest” nation on earth borrowed all its money and now cannot pay it back.
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