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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Monday, March 30, 2009

News Roundup 3-30-09

Russia backs return to Gold Standard to solve financial crisis - Ahh gold, solver of all the world problems. :) It would be odd if somehow the new world currency became gold. I can't see that working.
Singapore May Devalue Currency, Allow 4% Loss - Another country joins the race to the bottom
Bank of America May Increase Salaries for Investment Bankers - to compensate for congress taxation
Geithner Says Some Banks to Need ‘Large Amounts’ of Assistance
Canadian Prime Minister Would Support Bank of Canada Extraordinary Steps
Europe Central Bank joins US & world with monetary helicopter - Big news, the world is all debt spending, so relative to each other, we are the same. :)
New Task Seen for Fannie, Freddie - Continue to kill capitalism, Socialism!
MGM's Las Vegas CityCenter averts bankruptcy
George Soros: Britain may have to seek IMF rescue - The IMF doesn't have enough gold to save all the countries that will need saving.
Romania gets IMF emergency loan - Case in point for Britain....
European Industrial Orders Plunge 34%, Most on Record
IBM to shift services unit jobs to India: WSJ
China calls for new reserve currency - I have blogged on china before, part of the agenda to take over as world leader.
US concerned over assertive China - If US was very concerned, we would stop needed China to fund our debt spending.
U.K. Bond Auction Fails for First Time Since 2002
California Home Prices Sank 41% Last Month on Foreclosures
Japan Exports Drop Record 49% as Global Slump - Absolute DISASTER for Japan. Lets see how long the yen maintains its value.

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