Investment

» BoltonCT - Banana Republic Economy

Federal Reserve Chairman Ben S. Bernanke and fellow policy makers said the central bank is challenged by unacceptably high inflation. U.S. consumer's prices rose significantly again last month, led by gains in food and fuel costs indicating inflation isn't cooling as growth slows. Government report due today.

Report says U.S. foreclosure filings climbed 65 percent and bank seizures more than doubled in April from a year earlier as vacated homes added to a glut of unsold homes.

BNP Paribas SA, France's largest bank, ING Group NV, the biggest Dutch financial-services company, and Dexia SA, reported lower earnings as loan default losses increase.

Investigations beginning. It is better for corporations to take their bath early than be destroyed like Krispy Crème (remember them) when the fraud investigations begin. WellCare Health Plans Inc. the U.S. managed-care provider is now being investigated over possible fraud and said it may record a net loss in the first quarter because of legal and consulting fees and higher costs for drug plans. That is how it starts and when it is over the dirty company is down 90% instead of 50% had they cleaned up their company themselves.

A nationwide strike by farmers seeking higher wages in Argentina has left traders at the nation's biggest agricultural exchanges with little or nothing to do.

Bank of England says inflation will accelerate, overshooting government limit.

Mexico's rates rising with accelerating inflation.

Asian markets were up well over 1% last night. European markets are slowly drifting into fractional negative territory. US market futures are bouncing undecided but down slightly now as worldwide inflation is becoming the issue.

It is exhilarating to stimulate growth this way but America in doing so joins the world Banana Republic Economies.

-- posted by BoltonCT