The Traderszone Network

Submitted by Mike Krieger of Liberty Blitzkrieg blog,

While this story is not new, I must have missed it back in April when it first broke and it is absolutely incredible. The reason I am posting on it today is because we have new information which turns an already shocking story into something far more terrifying.So let’s get into some background first.

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America’s and the world’s appetite for drugs is insatiable. Billions upon billions of dollars have been spent on both the consumption of illicit drugs and fighting the war on drugs.

At first glance as an investor, you probably don’t think this affects you (that is, if you don’t use or sell drugs). But a closer look will reveal the enormous economic impact that the war on drugs has on America. Prepare yourself for some very alarming numbers.

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Commenter Fed up asked the following question:

Start at IOR = 0% and fed funds rate = 8%.

Next, move to IOR = 2% and fed funds rate = 6%.

What happens?

If you have an interest rate-oriented view of monetary policy then this must be a bit of a head scratcher.  Higher IOR is “raising interest rates” and a lower fed funds rate is “lowering interest rates.” So which is it?

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Submitted by Ben Tanosborn,

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Asian equities fell and crude oil hovered near nine-month highs early on Friday as escalating civil war in Iraq hit risk appetite. Sunni Islamist militants have extended their advance south towards Baghdad prompting President Barack Obama to warn of possible U.S. military intervention, while Iraqi Kurdish forces took control of the oil hub of Kirkuk amid the chaos. Taking its cue from an overnight slide in U.S. stocks, MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.2 percent.

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Chipmaker Intel Corp (INTC.O) on Thursday raised its outlook for the second quarter and the full year, citing stronger-than-expected demand for personal computers used by businesses. Shares of Intel jumped more than 4 percent in extended trade as the chipmaker’s improved forecast lifted hopes for a PC industry that been shrinking due to consumers’ preferences for tablets and smartphones. Intel said it now expects second-quarter revenue of $13.7 billion, plus or minus $300 million. Intel had previously forecast revenue of $13 billion, plus or minus $500 million.

Jitters about Iraq have unsettled global stock markets but are unlikely to lead to the deeper correction anticipated for some time, analysts say.