Category Archives: News Flash

US Trade Deficit Hits $52.6 Billion in January

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News Flash:

The U.S. Trade deficit widened to $52.6 Billion dollars, the biggest gap since October 2008.  While the trade deficit with the 27 nations that make up the EU dropped 11.7 percent ($8.5 billion), it increased, by 12.5 percent to $26 billion dollars.   As more and more U.S. dollars are exported, causing worldwide inflation, and violence, how long before other nations stampede out of the dollar?   When this happens, dollar denominated assets, like bonds, cash, and derivatives, are the last thing you will want in your portfolio.  In short, keep stacking!

More at http://news.yahoo.com/us-trade-deficit-hits-52-6-billion-january-133525871.html

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Wells Fargo Adds $7 Monthly Checking Fee

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News Flash:

Wells Fargo customers in six states who had free checking accounts will pay $7 a month for paper statements starting in May, the bank said today.

The plan is being rolled out in Georgia, New Jersey, Delaware, Connecticut, New York and Pennsylvania, but the bank may reportedly expand to other regions. Banks across the country are seeking new ways to raise fees after new federal consumer-protection regulations that have cut into profits.

More at http://abcnews.go.com/blogs/business/2012/03/wells-fargo-adds-7-monthly-checking-fee/

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Finally, Please prepare now for the escalating economic and social unrest. Good Day