The Slow Death of General Motors

By Martin Hutchinson Contributing Editor Money Morning U.S. President Barack Obama's firing of General Motors Corp. (GM) Chief Executive Officer G. Richard Wagoner Jr. may be the beginning of the final act of a long and sad drama – the slow death of GM. The company nameplate may soldier on in some form, but it […]

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Sprott: Gold Prices Could Double Amid a U.S. Depression

By Don MillerAssociate EditorMoney Morning Respected Canadian money manager Eric Sprott predicted gold prices will more than double over the next few years as the U.S enters a full-blown depression. Sprott, who correctly predicted the collapse of banking stocks, made the comments yesterday (Tuesday) during an interview with Bloomberg News. The United States could be […]

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The Real Reason for the Global Financial Crisis…the Story No One's Talking About

[Part I of a three-part series looking at how so-called “credit default swap” derivatives could ignite a worldwide capital markets meltdown.] By Shah GilaniContributing Editor Are you shell-shocked? Are you wondering what's really going on in the market? The truth is probably more frightening than even your worst fears. And yet, you won't hear about […]

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Gold's Meteoric Rise Couldn't Save Harmony Mining

By Mike Caggeso Associate Editor Despite gold's meteoric rise, South Africa-based Harmony Gold Mining Co. (HMY) posted its third-straight quarterly loss as the company suffered a 44-day mine stoppage and an 8.3% decline in gold production. After factoring in taxes, exploration costs and operating costs, the company lost $7 million (55 million rand). The company's […]

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