Thread: Davidson: Dollar, Market Headed for Collapse

Davidson: Dollar, Market Headed for Collapse

Thursday, 25 Feb 2010 04:22 PM
By: Dan Weil

Financial author Jim Davidson says the dollar, the economy, and the stock market are headed for collapse.

In an interview with Newsmax.TV, Davidson, who is a member of the Newsmax board of directors, elucidated the ideas of a recent book, titled “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown.â€

UBS: Pound May Plunge on Lower British Deficit

Friday, 26 Feb 2010 09:40 AM
By: Dan Weil

Generally it’s a good thing when a nation cuts its budget deficit. But if Britain does so too sharply, its currency could plunge 30 percent, says the Swiss Bank UBS.

The deficit is expected to hit 178 billion pounds ($271 billion) this year.

And if the government slashes that figure too quickly, it will "endanger tax revenues, Britain's sovereign rating, the recovery of the banking sector and the U.K. labor market," UBS said in a report obtained by the London Telegraph.

Those economic woes wouldn’t augur well for sterling. Quick fiscal tightening would cause a “savageâ€