Soros gives $1 Million to Syria Humanitarian Aid

 UNITED NATIONS (AP) Billionaire financier George Soros is pledging $1 million for humanitarian efforts in war-ravaged Syria. Soros announced the pledge to the International Rescue Committee on Wednesday night after receiving its Freedom Award in recognition of his lifelong support for human rights and an open society. Soros said people are starving and will soon be freezing in Syria as winter arrives and malnutrition among children is increasing. "This...

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A Look At Warren Buffett’s ‘Favorite Metric’: Rail Traffic

Every Thursday, the Association of American Railroads reports weekly rail traffic in the U.S. They specify how much of the rail traffic was carloads and how much was intermodal. Since intermodal traffic is the transportation of finished goods, and because carload traffic can be a wider variety of works in progress, intermodal is more favorable as an economic indicator. Warren Buffett once stated on CNBC, when asked to identify...

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Marc Faber: We’re in a worse position than in 2008

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Marc Faber : I been through 2 Gold Bubbles already.

Well, I lived through the bubble in gold in the 1970′s and by 1979, November, the gold price was around 450 Dollars and within three months it went up to 850 Dollars, so within three months, actually two months, November, December and early January, we made it big. It went up almost 50 percent. So a bubble usually characterized by a terminal upwards move in these real estate or gold or stocks or collectables that is almost vertical. In other words,...

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Marc Faber: Something fishy about the gold market

All  I want to say is, something is fishy about the gold market in the sense that if the Germans demand to have a part of the gold received in Germany, I think it would take eight years, we should put gold on three Boeings 747′s and you ship it to Germany and that’s it. If the gold would be held in Germany, in a vault, and if there was a financial panic and they really needed to draw loans against the gold that they hold in Germany, they could...

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Peter Schiff: Central Bank Monetary Cures Cannot Work

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Jim Rogers: Taper is unlikely to happen

Jim Rogers: If and when the Federal Reserve stops or even slows down printing money, and other banks also slow down, I do not think the Japanese will slow down. Maybe the English and the European banks will. There will be a moderating affect on markets because that is where most of the money has gone. I am not sure it (Fed slowing down money printing) is going to happen. Firstly, Bernanke will not do it while he is here (Fed Chairman) because he...

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Marc Faber : FED Policy Has Made the Wealthy Wealthier

"We are in a gigantic asset bubble around the world with prices of real estate having risen a lot," he said. "The high end is at record highs. In the Hamptons, in Mayfair, London, Hong Kong, Singapore, and we have a high inflation overseas, so I think that one day this asset inflation will lead to deflationary collapse one way or the other." Faber echoes a growing number of financiers—from billionaire hedge fund manager Stanley Druckenmiller...

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Jim Rogers: Excess liquidity globally driving equity markets

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How Warren Buffett Avoids Paying Billions in Taxes

Holding Stocks Forever Has Its Perks Warren Buffett avoids paying tax bills by buying and holding it. He only has to pay capital gains taxes once he sell. So if he never and lock in his earnings. He can save a fortune on footing his tax bill.   Of course, it’s wise to realize that Berkshire Hathaway is eventually going to have to pay taxes on those gains. It’s going to happen. Eventually. But for an indefinite period of time of Buffett...

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Gold Bug Schiff Counters Goldman’s ‘Slam-Dunk Sell’ Gold Call

Peter Schiff lays an iPod-sized bar valued at about $40,000 on the sun room floor of his Connecticut mansion, and calculates it would cost about $250,000 for each floor tile to pave the room with gold.He shows off $50 gold chips, to be used when paper money becomes worthless, a prediction repeated on his daily two-hour radio show broadcast from his basement studio to 68 stations in 30 states and 50,000 listeners online. The unabashed gold bug’s...

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Marc Faber: Every Bubble will create some White Elephant Investments.

The point is, however, that in the real economy (a small capital market), bubbles tend to be contained by the availability of savings and credit, whereas in the financial economy (a disproportionately large capital market compared with the economy), the unlimited availability of credit leads to speculative bubbles, which get totally out of hand. In other words, whereas every bubble will create some “white elephant” investments (investments that...

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Marc Faber: Karl Marx was peobably Right.

So it would seem to me that Karl Marx might prove to have been right in his contention that crises become more and more destructive as the capitalistic system matures (and as the “financial economy” referred to earlier grows like a cancer) and that the ultimate breakdown will occur in a final crisis that will be so disastrous as to set fire to the framework of our capitalistic society. Not so, Bernanke and co. argue, since central banks can print...

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George Soros wins with OpenTable.

OpenTable Inc (NASDAQ:OPEN), a company that provides restaurant reservation solutions around the world. The stock shot up +13.79%, reaching $80.90, after announcing better-than-expected Q3 earnings. Billionaire George Soros acquired 36,000 shares (0.02% of his fund) for $62.49 each last quarter....

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