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Archive for May 24th, 2009

Unemployment: the US caught up with Europe

Posted in Uncategorized on May 24th, 2009 by Paul Deng – 2992Be the first to commenthttp%3A%2F%2Feconomistonline.muogao.com%2F2009%2F05%2Funemployment-the-us-caught-up-with-europe.htmlUnemployment%3A+the+US+caught+up+with+Europe2009-05-24+22%3A49%3A00Paul+Denghttp%3A%2F%2Feconomistonline.muogao.com%2F2009%2F05%2Funemployment-the-us-caught-up-with-europe%2F

The unemployment rate in the US is likely to surpass Europe.

0523 biz webCHARTS Unemployment: the US caught up with Europe
(click to enlarge; source: NYT)

Peter Schiff wants you to get out of US dollar

Posted in Uncategorized on May 24th, 2009 by Paul Deng – 2991Be the first to commenthttp%3A%2F%2Feconomistonline.muogao.com%2F2009%2F05%2Fpeter-schiff-wants-you-to-get-out-of-us-dollar.htmlPeter+Schiff+wants+you+to+get+out+of+US+dollar2009-05-24+22%3A34%3A00Paul+Denghttp%3A%2F%2Feconomistonline.muogao.com%2F2009%2F05%2Fpeter-schiff-wants-you-to-get-out-of-us-dollar%2F

The US dollar often moves in the opposite direction with the market during this crisis, i.e., when stock market is down, dollar is up. But Peter Schiff noted something has changed —we may have dollar, stocks and bonds decline at the same time. And he thinks inflation is coming.

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