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Goldman Sachs fined £20m by FSA
Wall Street banking giant Goldman Sachs is fined £20m by the UK's financial watchdog, the BBC learns.

Rig firms hit back at BP report
Contractors who worked for BP on the ill-fated Deepwater Horizon oil rig criticise the company's report into the Gulf of Mexico oil spill.

Shoppers turning to card payments
The number of cash machines in the UK has fallen and withdrawals have dropped as shoppers turn to cards, figures show.

Empty shops highlighting 'divide'
The number of shops closing in Britain is slowing but a north-south divide has emerged, a survey by retail analysts the Local Data Company suggests.

US economic growth 'decelerating'
US economic growth showed "widespread signs of deceleration" in August, says the Federal Reserve's Beige Book.


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NY Times Economix

Nearly 5 Jobless Workers Per Opening in July
That's a better ratio than what the economy showed earlier this year, but it still shows persistent softness in the United States labor market.

The Thoughtful Roar of the Housing Bears
Bloggers expand on the case for gloom in the real-estate market.

What We're Reading: Lying Pants
Links from around the Web.

New York State Still Has Highest Unionization Rate
A new report looks at the organized labor in the Empire State and around the country, and how its size and composition have changed over the years.


Paul Krugman
Japanese Demography
Where have all the workers gone?Read more...




Buy the Book


The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market Is Down
by Peter D. Schiff

Published by Wiley

Read Excerpt

In the wake of declining stock prices, the bursting of the real estate bubble, and a weakening dollar, the American economy is poised for a prolonged contraction and U.S. stocks will suffer a protracted bear market, so says seasoned Wall Street prognosticator Peter Schiff.  Having accurately predicted the current market turmoil in his recent bestseller Crash Proof: How to Profit from the Coming Economic Collapse, the CNBC--dubbed "Doctor Doom" has helped savvy investors protect their portfolios in some very turbulent markets -- and now, he'll show you how to do the same.

Written in a straightforward and accessible style, The Little Book of Bull Moves in Bear Markets reveals how you should protect your assets and invest your money when the American economy is experiencing perilous economic downturns and wealth building is happening elsewhere. Filled with insightful commentary, inventive metaphors, and prescriptive advice, this book shows you how to make money under adverse market conditions by using a conservative, nontraditional investment strategy.

In detailing lessons learned from the 1930s and 1970s--and from the ways people invested when other economies experienced high inflation, collapsed markets, and rising interest rates coupled with declining currencies -- The Little Book of Bull Moves in Bear Markets shows you how to successfully implement various bull moves so that you can preserve, and even enhance, your wealth within a prosperous or an ailing domestic economy. Strategies include a top-down investment approach; cutting expenses where you can; buying high-yielding equities in resource-rich and rapidly growing foreign markets; and investing in commodities, natural resources, and precious metals. Plus, at the end of each chapter, Schiff provides you with witty and insightful "parting words" that provide core advice for you to use as you work toward growing your wealth in any market environment.

Smart investing will always pay off; the key lies in using the best strategies for the market at hand. For investors who see the writing on the wall, but don't know what to do about it, The Little Book of Bull Moves in Bear Markets offers timely insights into how you can protect your portfolio and even profit during these uncertain economic times.

pub date: 2008-10-06 | hardcover | 9780470383780