http://www.bloomberg.com/apps/news?pid=20601087&sid=aeWWvO7fZLVE&refer=home
Sept. 14 (Bloomberg) -- Hundreds of Northern Rock Plc customers crowded into branches in London today to pull out their savings after the mortgage-loan provider sought emergency funding from the Bank of England.
``It's scary,'' said Peter Pye, 60, a retired university lecturer standing in a line of about 30 people outside the Moorgate branch in the financial district. ``I have my life's savings in Northern Rock.'' He said he would withdraw a ``six- figure'' sum and leave 5,000 pounds in the account.
http://www.financialsense.com/editorials/phillips/2006/0419.html
Gold has just broken through the $640 level at a pace that has taken even the most hardened “Gold Bug’s” breath away. Most gold commentators are still standing opened-mouthed, their forecasts close to $100+ below present levels already.
Why have they been caught out of touch in this way? We hear that Iran and the Oil price are to blame, but there is a larger, integrated and global set of factors that have produced and will still produce this phenomenon and will continue to do so for quite a few years to come.
...
And we still have not heard yellowlikeadog's history lesson.
Sept. 14 (Bloomberg) -- Hundreds of Northern Rock Plc customers crowded into branches in London today to pull out their savings after the mortgage-loan provider sought emergency funding from the Bank of England.
``It's scary,'' said Peter Pye, 60, a retired university lecturer standing in a line of about 30 people outside the Moorgate branch in the financial district. ``I have my life's savings in Northern Rock.'' He said he would withdraw a ``six- figure'' sum and leave 5,000 pounds in the account.
http://www.financialsense.com/editorials/phillips/2006/0419.html
Gold has just broken through the $640 level at a pace that has taken even the most hardened “Gold Bug’s” breath away. Most gold commentators are still standing opened-mouthed, their forecasts close to $100+ below present levels already.
Why have they been caught out of touch in this way? We hear that Iran and the Oil price are to blame, but there is a larger, integrated and global set of factors that have produced and will still produce this phenomenon and will continue to do so for quite a few years to come.
...
And we still have not heard yellowlikeadog's history lesson.
