Links – 02/04/07

Dollar Tumbles(Gulf Times)

The US currency also fell against the yen on speculation mounting tension in the Mideast will lead investors to reduce holdings in riskier assets financed by loans in Japan.

US ready to strike(jerusalempost)

The United States will be ready to launch a missile attack on Iran’s nuclear facilities as soon as early this month, perhaps “from 4 a.m. until 4 p.m. on April 6,” according to reports in the Russian media on Saturday.

US jet fighters violate Iran’s airspace(Yahoo singapore)

US warplanes have violated Iranian airspace in the southwestern oil-rich province of Khuzestan, Al-Alam Arabic language news satellite channel quoted a local military chief as saying on Sunday.

Real estate generation gap(genxfinance)

Baby boomers have fueled the housing market for the past 10-15 years as their kids moved out and a strong economy allowed them to buy or build a bigger house. As retirement draws near, many of these boomers find they no longer need as much house or are possibly looking to move. Typically that wouldn’t be a problem, but it is.

Fed Fumble(smartmoney)

When oil crashed from the high $70s down to just below $50, it was a major correction that was necessary to shake out the speculators who had crowded into the long side of the trade. My call was that the correction was over, and it was time for the counter-correction. No news was required.

UK interest rates up in June or August(firstrung)

“The months of June and August are the most likely time of year for a rise in rates. They are a bit like Park Lane and Mayfair on a Monopoly board, because you just want to get through them without having to pay out more money!”

Dirt Exposure boosts happiness(BBC)

Exposure to dirt may be a way to lift mood as well as boost the immune system, UK scientists say.

Why investors aren’t worried enough(FT)

Rather, we might ask, if people are so anxious, why are the markets so robust?
A good place to start is M&A, where the first quarter has just set another record. Investment bankers insist this will continue, but that tells us nothing. After all, they book their fees upfront. So if the boom looks like ending, all the more reason to bang the drum now.

Property Slump next year(thisis money)

House prices could tumble sharply in 2008, experts warned last night. They claimed rising prices have left the housing market at its most overvalued for 15 years, meaning a growing number of people are unable to get a foot on the property ladder.

Property Slump next year(telegraph)

Soaring prices are putting properties out of reach for many, with unaffordability reaching the worst level since the end of the last major crash, according to figures produced for The Daily Telegraph.


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