By: Tanya Palta
When it comes to providing state of the art bathroom solutions, Italian company Antonio Lupi Design enjoys a formidable reputation. Established in 1950 by Antonio Lupi as a glass-working laboratory, the company is spread over a surface of 5000 square meters, in the beautiful town of Florence and is currently run by the Lupi family. Since its inception, Antonio Lupi Design has focused its creative energies on a holistic bathroom culture, that stresses on ...
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Quantitative easing will encourage large foreign holders to sell U.S. debt and to not make purchases in the future, except for TIPS (treasury inflation protected securities). Even TIPS will ultimately be shunned because they reflect the understated official U.S. government inflation rate.
The price of gold is strongly linked to the loss of value in paper currencies. While many economists refuse to admit it, this is the definition of inflation. Gold has continually ...
Read On →By: Daryl Montgomery
The BLS released its non-farm payroll figures for October today and they stated that 80,000 jobs were created and that the U.S. unemployment rate was 9.0%. There are reasons to believe that this number is actually as high as 12.7%.
Except for February and March of this year, the unemployment rate (the U-3 number) has been 9.0% or higher since May 2009. It hasn’t risen well into the double digits because large numbers of workers have supposedly left ...
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By: Tanya Palta
There are very few cameras in this world, that command reverence and admiration like a Hasselblad. The most desired camera by any self-respecting photographer. Owning a Hasselblad is not just an artistic coup, but is also the ultimate status symbol. Hence, it comes as no surprise that Hasselblad is universally recognized as being the Rolls Royce of cameras. The fact that the Hasselblad name is linked with cameras since almost the inception of photography ...
Read On →By: Daryl Montgomery
The market lost its rose colored glasses today with Greece announcing a political referendum early in 2012 on the recent EU bailout deal. This could lead to the deal falling apart sooner rather than later. Stocks sold off on the news in Europe and the U.S. while interest rates rose in Greece and other troubled EU countries.
The deal that the EU put together last week to handle its debt ridden members and to help ...
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By: Daryl Montgomery
EU leaders have agreed to seek a 50% reduction in Greek debt from bondholders. This supersedes the 21% reduction decided on in July that was supposed to resolve Greece’s financial problems. Apparently $30 billion will be given to the banks as an inducement for them going along with the plan. The EU and IMF will also give Greece an additional 100 billion euros in bailout aid.
While the announcement was delivered with a ...
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The price of gold is strongly linked to the loss of value in paper currencies. While many economists refuse to admit it, this is the definition of inflation. Gold has continually risen during the last decade (in dollar terms) as the U.S. government has consistently reported low and then ultra-low inflation rates. Either gold or the government is mistaken about inflation. Gold has a 5,000 year record of accuracy. How many governments have been around that long?
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By: Daryl Montgomery
The October Consumer Confidence number fell to 39.8. It is once again approaching the all-time lows that occurred at the bottom of the Great Recession. The number has never reached the 90 level since 2009, which is the cutoff for a healthy economy. The continually poor levels of consumer confidence bring into question whether the last recession ever really ended.
While U.S. consumers are gloomy about almost all aspects of the economy, they are most pessimistic about employment prospects. ...
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By: Tanya Palta
No matter what your poison of choice is, chances are you have relished the Mexican spirit, tequila in some form or the other. Be it the tequila shots at your unforgettable 18th birthday, or that chilled Margherita you enjoyed at a beach while soaking in the sun, or even just listening to the classic rock anthem Tequila Sunrise by the Eagles. Tequila is as important as say a vodka or a rum and despite ...
By: Daryl Montgomery
European and U.S. stocks were rallying on Friday in what appears to be a liquidity frenzy supplied by the central banks. The market is once again hopeful now that EU leaders are beginning six days of meetings on how to save Greece and the euro. Based on their previous track record, which has led to the current crisis, there is little reason for long-term optimism.
Stock prices have not been the only thing rising lately. Interest rates have ...
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