I don't usually watch television, but I happened to catch Wednesday night's NBR. Analyst Hilary Kramer scared me out of my wits when she said she expected the market to drop 25%: I believe in the first six months, everyone should be very careful, all investors. We could see the Dow dip to 7500. S&P could have another 25 percent downside...But don't just rush in or if you have some concern in the market, sell, hold out, wait for the real bottom to come...I think that gold could reach $1400 d

I don't usually watch television, but I happened to catch Wednesday night's NBR. Analyst Hilary Kramer scared me out of my wits when she said she expected the market to drop 25%: I believe in the first six months, everyone should be very careful, all investors. We could see the Dow dip to 7500. S&P could have another 25 percent downside...But don't just rush in or if you have some concern in the market, sell, hold out, wait for the real bottom to come...I think that gold could reach $1400 d

click to enlarge The picture above shows a one year chart for United States Oil fund (USO), PowerShares Bullish US dollar index (UUP) and SPDR Trust (SPY). You can see there is an inverse correlation between the value of the US dollar and crude oil prices. The slide from record crude prices of $140 triggered the US dollar rebound. In the past few days, the Euro and other currencies are regaining ground against the US dollar, but crude oil is still heading down.

Russia's ruble fell to a three-year low against the dollar Friday after the Central Bank allowed a third sharp drop in the currency in five days as the government continues to feel the heat of the global meltdown. The ruble lost 1.4 percent on the MICEX m

I received a link to this article on Twitter from Paul Kedrosky, author of Infectious Greed, on John Taylor�s criticism of the Federal Reserve�s recent monetary policy. I was drawn to the post because of the chatter that I hear from residential mortgage brokers applauding cheaper money (a.k.a. lower interest rates) -- their belief that sub-5% mortgage rates will spur housing demand. (Much more on this shortly...) The article described Taylor�s criticism as published in his most recent paper. T

Bail bond agents are increasingly helping defendants get out of jail with ultra-cheap financing deals, a practice that worries law enforcement officials and insurers, and could endanger public safety.

To avoid prolonged recession, the government will dip into an oil fund.

Statements from a court-appointed expert in Ecuador suggest that Chevron Corp. will be held responsible for the many oil spills and dumping of toxic wastewater in the country's Amazon region.

An independent group of economists forecasts the biggest contraction in the UK economy since 1946 next year.

Advance corporate taxes, a key indicator of business activity, post a 22.4% drop.