Sunday, May 17, 2009

Senate Upholds Credit Card Usury


Carl Hulse
The New York Times
May 15, 2009

Despite complaints that banks and credit card companies are gouging customers by charging outrageous interest rates, the Senate on Wednesday easily turned back an effort to cap interest rates at 15 percent.
The effort by Senator Bernie Sanders, the Vermont independent, drew only 33 votes and needed 60, with a bipartisan group of 60 senators opposing it as the Senate pushed its credit card overhaul toward the finish line. Some Democrats and consumer groups have said that an interest cap is needed to put real teeth into an otherwise solid bill.

Other backers of the measure calculated that an interest rate ceiling would doom the popular legislation. The banking industry, which had some heavy-weight representatives monitoring the vote off of the Senate floor, warned that an interest rate limit could cause a sour reaction in the financial markets.
Read entire article

MARC FABER NEWS

NFE/1.0marc faber - Google Newshttp://news.google.com/news?gl=us&pz=1&ned=us&hl=en&q=marc+faberennews-feedback@google.com©2013 GoogleFri, 28 Jun 2013 00:51:38 GMTFri, 28 Jun 2013 00:51:38 GMTmarc faber - Google Newshttps://ssl.gstatic.com/news-static/img/logo/en_us/news.gifhttp://news.google.com/news?gl=us&pz=1&ned=us&hl=en&q=marc+faberDr. Doom? Marc Faber Sees Stock Buying Opportunity - CNBC.comhttp://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGHsuxk-dDyhxcxnCl-sfCXfrBDzg&url=http://www.cnbc.com/id/100841125tag:news.google.com,2005:cluster=http://www.cnbc.com/id/100841125Tue, 25 Jun 2013 17:08:32 GMT

Moneycontrol.com

Dr. Doom? Marc Faber Sees Stock Buying Opportunity
CNBC.com
The dean of doom, Marc Faber, told CNBC on Tuesday that a variety of asset classes—including equities—may be worth buying for short-term gains. In the midst of market volatility on concerns over Federal Reserve tapering, he said, "Treasury bonds ...
Marc FaberMoneycontrol.com
Marc Faber aka Dr. Doom: S&P 500 Index Could Fall 20% To 30% EasilyETF Daily News (blog)
Dr Doom warns stocks are oversold but S&P readies for another dropCitywire.co.uk

all 7 news articles »
Marc Faber Forecasts 30% Stock Market Crash, Says Buy Gold - The Market Oraclehttp://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHeIcgHV9wRbIf0mJuPEKrVTZpR4Q&url=http://www.marketoracle.co.uk/Article41119.htmltag:news.google.com,2005:cluster=http://www.marketoracle.co.uk/Article41119.htmlThu, 27 Jun 2013 15:40:52 GMT

Marc Faber Forecasts 30% Stock Market Crash, Says Buy Gold
The Market Oracle
The Fed's 'tapering' comments have ramped up market volatilaty and Faber gives some advice for short and long-term strategies. For example: ""The best course of action is to actually not buy anything, but rather to reduce positions on a rebound," Faber ...

Marc Faber: Bull in the short term, bear in the long term - MarketWatch (blog)http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHfnXbptbLywfeYVmkyZmZ2DDp7HQ&url=http://blogs.marketwatch.com/thetell/2013/06/25/marc-faber-bull-in-the-short-term-bear-in-the-long-term/tag:news.google.com,2005:cluster=http://blogs.marketwatch.com/thetell/2013/06/25/marc-faber-bull-in-the-short-term-bear-in-the-long-term/Tue, 25 Jun 2013 12:43:25 GMT

Marc Faber: Bull in the short term, bear in the long term
MarketWatch (blog)
... so perhaps it's best left to someone who has historically said “sell.” Marc Faber, author of the ”The Gloom, Boom & Doom Report,” and often called “Dr. Doom” because of his bearish sentiment, says there are buying opportunities — at least in the ...

Marc Faber: Gold a possible canary in the deflation coalmine - MarketWatch (blog)http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEdSfHdIZdAKgZSaeDMUqQz6Ac3lQ&url=http://blogs.marketwatch.com/thetell/2013/06/24/marc-faber-gold-a-possible-canary-in-the-deflation-coalmine/tag:news.google.com,2005:cluster=http://blogs.marketwatch.com/thetell/2013/06/24/marc-faber-gold-a-possible-canary-in-the-deflation-coalmine/Mon, 24 Jun 2013 14:53:27 GMT

Business Insider

Marc Faber: Gold a possible canary in the deflation coalmine
MarketWatch (blog)
Here's what Marc Faber, editor of Gloom Boom Doom report told MarketWatch in an email. “Maybe gold is signaling a deflationary collapse of all asset prices. If this were indeed the case I suppose I would rather own gold than government bonds, high ...
MARC FABER: The Way Things Are Going, Bernanke Will Have To Give Us 96 ...Business Insider
"Incredibly Bad Sentiment" Makes Gold & Bonds a Buy Says Marc Faber, as All ...FXstreet.com
“Sentiment on Gold and Bonds Incredibly Negative” – Marc Faber Predicts ...Gold and Silver Blog (blog)
Wall St. Cheat Sheet -Gold Seek
all 8 news articles »
Marc Faber Sees Further Downside - CNBC.comhttp://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFjIRlyiY6AOMYxMkr6L_cy3PCHHA&url=http://www.cnbc.com/id/100833048tag:news.google.com,2005:cluster=http://www.cnbc.com/id/100833048Fri, 21 Jun 2013 03:06:42 GMT

Marc Faber Sees Further Downside
CNBC.com
China's factory output weakened to a 9-month low today, and financials saw a huge sell-off today, with the FM traders; and The Gloom, Boom and Doom Report's Marc Faber, shares his economic outlook. There's plenty of room for the stock market to decline ...
Marc Faber: More S&P downside, commodities 'horrible'…except goldMarketWatch (blog)

all 3 news articles »
Marc Faber says 'thanks' to Bernanke - MarketWatch (blog)http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFw6FBq19Oa7Z-kgFqUTh6QhUwZIQ&url=http://blogs.marketwatch.com/thetell/2013/06/18/marc-faber-says-thanks-to-bernanke/tag:news.google.com,2005:cluster=http://blogs.marketwatch.com/thetell/2013/06/18/marc-faber-says-thanks-to-bernanke/Tue, 18 Jun 2013 19:33:27 GMT

Marc Faber says 'thanks' to Bernanke
MarketWatch (blog)
[An earlier version of this blog mistakenly attributed the comments to Marc Faber's blog. The original comments were made in an interview with Barron's on June 1. The comments were picked up Tuesday in a tracking blog that aggregates Faber's public ...

and more »
Dr. Doom Marc Faber: Don't Bet on New Market Highs - CNBC.comhttp://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGx2ZJJjiUcIAY7pGO0Re_QDfyyYg&url=http://www.cnbc.com/id/100788714tag:news.google.com,2005:cluster=http://www.cnbc.com/id/100788714Tue, 04 Jun 2013 15:51:19 GMT

Dr. Doom Marc Faber: Don't Bet on New Market Highs
CNBC.com
Faber said large cap stocks like McDonald's, Coca-Cola, Procter & Gamble and Wal-Mart "have most likely peaked." However, he thinks there are still stocks that show strength that could continue to appreciate "because all the money flows into fewer and ...

Marc Faber Is Glad He Owned Stocks, Even As He Warned Everyone Of Stock ... - Business Insiderhttp://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH71e36wHy4eeVNx4RPd5hxby3MTw&url=http://www.businessinsider.com/marc-faber-owns-stocks-warns-of-doom-2013-6tag:news.google.com,2005:cluster=http://www.businessinsider.com/marc-faber-owns-stocks-warns-of-doom-2013-6Sun, 02 Jun 2013 17:06:05 GMT

Marc Faber Is Glad He Owned Stocks, Even As He Warned Everyone Of Stock ...
Business Insider
"People with assets are all doomed, because prices are grossly inflated globally for stocks, bonds, and collectibles," says the investment advisor in a new interview published in this week's Barron's. But Faber is the first to admit that at least the ...

and more »
Marc Faber notes liquidity squeeze depressing stocks but still buying gold - Gold Seekhttp://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEQgrVW6FlfBnocMrK4PekR18WbBA&url=http://news.goldseek.com/PeterCooper/1371737040.phptag:news.google.com,2005:cluster=http://news.goldseek.com/PeterCooper/1371737040.phpThu, 20 Jun 2013 13:30:25 GMT

Marc Faber notes liquidity squeeze depressing stocks but still buying gold
Gold Seek
Famously contrarian in his approach, Dr. Faber is usually out of step with Wall Street but has an excellent reputation for calling the major market turns. He does not say he is shorting equities, though he notes emerging market equities and currencies ...

Cheerful Thoughts from Marc Faber - BullionVaulthttp://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEAa_NvXEnALAQETGbirjKhJF6Zlw&url=http://goldnews.bullionvault.com/marc-faber-060420134tag:news.google.com,2005:cluster=http://goldnews.bullionvault.com/marc-faber-060420134Tue, 04 Jun 2013 20:10:21 GMT

Cheerful Thoughts from Marc Faber
BullionVault
SWISS-BORN Marc Faber, who at age 24 earned his PhD. in economics magna cum laude from the University of Zurich, has lived in Hong Kong nearly 40 years. He worked in New York, Zurich and Hong Kong for White Weld & Co., an investment bank ...

and more »
Google News