Tuesday, June 30, 2009

Many killed in Italian train inferno in Viareggio

Viareggio an Italian train inferno

Viareggio, treno deraglia esplodendo,

Esplosione Treno Merci a Viareggio

At least 16 people have been killed in northern Italy, after a freight train carrying gas derailed and crashed into several homes.

Many of the victims were asleep when the train ploughed into their homes, triggering an explosion.

At least 16 people were killed and more than 36 others injured when the freight train exploded in Viareggio northern Italy late Monday. The train was transporting liquefied petroleum gas when one of the carriages exploded just before midnight near the town of Viareggio, north of Pisa in the country's northwest.

Several carriages left the tracks and crashed into nearby homes, setting off an inferno in the seaside town in the middle of the night.

About a thousand people were evacuated from the area just after the train derailed and people were reportedly thrown from their beds by the force of the explosion near the train station of Viareggio, about 350 km north of Rome.

Many of the victims died when their houses collapsed and there were fears some people were still trapped under the rubble on Tuesday.

China Calls for New World Reserve Currency , The Dollar Drops

Dollar Falls Most in Month as China Urges New Reserve Currency


Bloomberg's Scarlet Fu reports on the Chinese central bank's renewed call for a new global reserve currency. The People's Bank of China said in its 2008 review released today that there is a need to create a currency that's "delinked" from sovereign nations. The central bank also said the International Monetary Fund should manage more of its members' foreign-exchange reserves.
The dollar declined the most against the euro in a month and dropped versus the yen after China repeated its call for a new global currency.

The Swiss franc declined against the euro and dollar this week as foreign-exchange analysts said the central bank sold its currency three times to support the economy. The greenback fell against most of its major counterparts after the People’s Bank of China said yesterday the International Monetary Fund should manage more of members’ foreign-exchange reserves.

“The dollar’s status as a reserve currency is being questioned,” said Benedikt Germanier, a foreign-exchange strategist in Stamford, Connecticut at UBS AG, the second- largest currency trader. “There are reasons to sell the dollar.”

Read entire article



Watch the video here








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