With economic growth stalling on around the world and high unemployment plus government debt, Roubini says we are right back to where the world was 2008 crisis, if not worse.
Read article, copy and paste web address to your browser:
http://www.cnbc.com/id/44368995
The United States Federal Emergency Management Agency (FEMA) is out of money, and the next natural disaster that hits the U.S will see no funds available to help people or rebuild. Where did all the money went, ask corrupted government officials and Wall Street banks who stole all taxpayers money during the bail out.
Fraud and money laundering to a multi-million dollar slush fund, and investor loss of up to 40 billion dollars, this is one of India’s biggest fraud and corruption scandals.
Click Here to Read Article – Telecom scandal shakes India’s most beloved industry
It’s no surprise that Canadian’s are having a hard time getting by financially. Canadian’s are currently burden down by heavy debt (Canadian household debt hits 1.5 Trillion), bills and are really having a hard time getting by. That is why about 30% of people surveyed said that they are cutting back spending simply because they feel that their financial security right now is not sound.
Read the article, copy and paste link to your browser:
http://ca.finance.yahoo.com/news/Economical-turmoil-Canadians-capress-827274697.html;_ylt=Amtg7.AFOq9PaYk0HuEPizFyzJpG;_ylu=X3oDMTE4aWJpYWZuBHBvcwMzBHNlYwN5ZmlUb3BTdG9yaWVzBHNsawNlY29ub21pY2FsdHU-?x=0
Gary Schilling the author of “The Age of De-Leveraging” thinks there will be more pain ahead. As the economy stalls, demand for goods and commodities will fall causing deflation and subsequently stock markets will fall.
Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street insider trading scandal in a generation, was ordered to serve 11 years in prison, the longest sentence ever in an insider-trading case but far less than prosecutors sought.
The judge also fined him $10 million and ordered him to forfeit $53.8 million, which approximated the illegal profits and avoided losses from the trading scheme.
According to many Indian nationals and Indian immigrants to U.S and Canada , there home country is one of the most corrupt nations in the world. Many say that things don’t get done until someone is bribed…sounds a lot like Washington politics.
Here is a quote:
“From the time of birth until death, nothing will move in India without paying bribe.”
I recently added more HQD.TO (Horizon Nasdaq Bear ETF on TSX) position, the reason is because I foresee limited upside and more downside risk within the next 1.5 years. The Nasdaq from here might pop a little higher towards 2700 but I do not think that would happen this year.
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