Omen: Money Bubble

6/13/07, The US Treasury has refused to describe China as a currency manipulator in its twice-yearly report on exchange rate policies, as political pressures grew. A group of influential Democrat and Republican Senators now plan to unveil legislation to force China to revalue its currency, threatening tariff hikes.

6/13/07, Scientists have criticised a major review of the world's remaining oil reserves, warning that the end of oil is coming sooner than governments and oil companies are prepared to admit. Dr Campbell, is a former chief geologist and vice-president at a string of oil majors including BP, Shell, Fina, Exxon and ChevronTexaco. He explains that the peak of regular oil - the cheap and easy to extract stuff - has already come and gone in 2005. Even when you factor in the more difficult to extract heavy oil, deep sea reserves, polar regions and liquid taken from gas, the peak will come as soon as 2011, he says.

5/11/07, Further gloom gathered over the US economy today as retail sales lurched lower while former Federal Reserve chairman Alan Greenspan issued a fresh warning that the world's largest economy could be headed into recession.

4/28/07, U.S. Treasury Deputy Secretary Robert Kimmitt said he would not comment on the weakness of the U.S. dollar on Saturday after the currency slid to a record low against the euro on Friday.

4/27/07, The bursting of this bubble will be across all countries and all assets.' -- Jeremy Grantham