The Home Of The Bruce Collins Show

Wednesday, June 06, 2007

News of Interest for June 6th...

Goldman now sees no Fed rate cuts in 2007 and 2008 No relief for the housing market...

Gold: The most trusted currency

Worst home price drop intensifies

Bernanke Says Tighter Lending to Restrain Housing

My article in
Betting on China Red
Remember what Jim Goldsmith said prophetically in 1993: "Global free trade will force the poor of the rich countries to subsidize the rich in poor countries. What GATT means is that our national wealth, accumulated over centuries, will be transferred from a developed country like Britain to developing countries like Communist China, now building its first oceangoing navy in 500 years. China, with its 1.2 billion people, three Indochinese states with 900 million, the former Soviet republics with some 300 million, and many more can supply skilled labor for a fraction of Western costs."

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