Thursday, July 14, 2011

Google Crushes Earnings

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Today's headlines:


Energy Crisis Coming
Christian DeHaemer took a trip to Nairobi, Kenya discovered two things: Successful Somali pirates were buying up all the real estate in the nice part of town, and...

'Witch's Brew' Set Gold Soaring, 2nd Day of Record-Breaking Prices
The U.S. may lose it's credit rating, and gold is soaring. Strategist says "witches brew" of debt crisis is depleting U.S. confidence and currency...

Gold Traders Look Toward Gold Miners for More Dramatic Profits
Gold's record numbers from Bernanke's speech have left other 'fear' traders to run to the miners.

Moody's Pressures US Debt Deal, Threatens Credit Downgrade
US Credit Rating will drop to Aa for the first time since 1917 is debt ceiling isn't raised.

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Marc Faber: The US Will Default By Inflation
Marc Faber says a default will happen, but not how most believe it will.

"We're the Laughing Stock of the World"
The U.S Government vs. Jobs -- the war wages on. Is Wall Street, corporate America, and globalism to blame for the single greatest threat to America's economy?

Gov't Shutdown Leaves Minnesota Without Beer
The government shutdown in Minnesota is having some unintended consequences...

Google+ Takes on Facebook: Will Profits Suffer?
The social networking competition heats up. Analysts are concerned over spending, but will Google surprise them?

Quotable

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.
-Alan Greenspan

Today's quote comes from an essay written by The Maestro way back in 1966, well before he joined the Federal Reserve. As he was accepted by the mainstream, Greenspan changed his tune. There's a nice writeup on that chapter of history here.

Best,

Adam Sharp
Editor, Wealth Wire

P.S. - Google (Nasdaq:GOOG) knocked the cover off the ball with their earnings report just now. The stock is currently up 12% in after-hours trading. Their new social network is performing extremely well so far, and looks to be a true competitor to Facebook and Twitter. We mentioned that the stock was dirt cheap in May.




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