U.S. Stock Futures Steady Gold Extends Record Run

(Reuters) - Australia's Westfield Group isn't expected to snap up any assets from the collapse of General Growth Properties Inc. despite its cash pile of nearly $6.5 billion, due for uncertain outlook for your U.S. economy as well as the global credit current market place.



At the time, and until this day, foreign banks with U.S. dollars would make low-interest loans in Ough.S. dollars to importers and exporters. However the dollars were never supposed to have been repatriated, the us in the 1970s was still on ought to to exchange these "credit"-created dollars for that gold had been keeping on reserve at Fort Knox.



In November 2005, venture firm Sequoia Capital invested an initial $3.5 million;additionally, Roelof Botha, partner with the firm and former CFO of PayPal, joined the YouTube board of administrators. In April 2006, Sequoia and Artis Capital Management put an additional $8 million into the company, which had experienced huge popular growth within its first month or two.

Aircraft leasing company Air Lease(AL_) was up 2.2% to $24.97 after announcing that are less expensive issued $120 million in senior unsecured notes in the private placement to institutional investors. This company said i thought part from the move to invest in future fleet acquisitions.

In the overleveraged gold-dollar environment, many countries started feel frustrated with the artificial peg. Germany was the first to break away from the artificial peg. Three months later, the dollar discontinued of the gold standard and other countries quickly eliminated the peg.

Well fast forward 10 many it seems the boys from LTCM have not learned their lesson regarding leverage. The same boys now run JWM Partners LLC. Their biggest hedge fund is down 26% in 2008. JWM lost well over one-fourth of their own investor's money, more than $300 trillion. What is ironic is that this group is comprised of some on the smartest globe investment complete world. Both Robert Merton and Myron Scholes, won the Nobel Prize for economic sciences while at LTCM. Computer algorithms were used while risk management and cash management negated.

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