just a quick weekend blurt here…
I actually starting learning the framework for build wordpress templates and I am looking to custom craft a wordpress template for GoForexTrade.com
It will be released sometime this week, with a possible aim in the early to mid-week range.
REST ON!!!
Tom Howell
goforextrade.com
Hello! How is everybody’s weekend going? Having some serious fun? Going to a BBQ or having a night out on the town, looking back at the awesome week you had making money on the forex market.
There is a few major news issues that came up through the week.
1. Oil: This week, we have seen Crude Oil take a reprise of climbing after last week’s $10+ drop on the New York Mercantile Exchange. Oil has now seen a new record at $147.00 due to supply issues in the US reserves, and the Constant threat of War in Iran, and fact being they are a big oil producer in the Middle East, it makes for quite an uncomfortable situation at home.
Meanwhile, Russia is building rigs to start exploring Oil reserves in the Arctic Ocean. The Arctic Ocean region is believed to hold over 100 Billion Barrels of Crude Oil. Could we start another Cold War over OIL?
2. Big Banks Gone Wild, Part 2: Recently, the US Government had recently shut down IndyMAC bank after investors had pulled out, leaving the second largest funding source cleaned out. IndyMac primarily funded subprime mortgages and No Doc Mortgages, which did not require income documentation in order to write mortgage paper. This comes into light after the Government also took over the two main secondary market funding sources, Fannie Mae and Freddie Mac.
3. Europe’s Inflation Worries: Late last week, ECB President Jean Claude Trichet had stated his fears over the looming inflation issue. A larger consensus which was recently polled over the issue, also reiterated the Central Bank’s President, and having no confidence in inflation stabilizing and that inflation was overly inevitable. In response to the Inflation issue, the European Central Bank took a precautionary measure and elevated the Bank Rate from 4% to 4.25. I wouldn’t be surprised if the rate goes higher. Think about this when it comes to bank rates.
Tom’s Hypothetical Question of the week:
If you were a head of a country or federal banking institution who is controlling the monetary policy, you would have to make a choice between two scary fates: Would you have to screw over millions of homeowners who bought heart hard and not mind heavy and went into Adjustable Rate Mortgages and have them risk foreclosure?
Or otherwise everything would rise in cost faster than your head can spin, inflation goes at an insane pace, and you would have to answer for millions of families, regardless of income bracket are in financial trouble, and are struggling to feed their kids. Imagine having a family that drives BMW’s and Mercedes-Benz’s STRUGGLING to feed their kids. And it gets even worse down the income ladder.
Shoot a comment and let me know what you think about that one! A very real and scary reality for sure.
I will conclude the weekend cap, with a Thank you for visiting my Forex Site. If you have any questions or comments, Please put them on site! I would be more than happy to answer them!!!
REST ON!!! Get ready for Sunday night! Another trading week waits!!!
Thomas Howell
Editor
GoForexTrade.com
P.S. Take a quick minute and check out some awesome specials from Brain TonIQ, our official drink here at GoForexTrade.com. Click here to see what Brain TonIQ is all about! No Caffeine, No Fat, No B.S!!!
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Filed under: weekend cap by Thomas Howell