SkyPostal Networks, Inc. (SKPN.OB), an international wholesale mail distribution company that specializes in hand delivery of commercial mail, periodicals and parcel post into the Latin America-Caribbean (LAC) region, recently announced that its Punto Mio division has entered into a co-marketing agreement with Banco Santander Rio, the Argentine branch of the Spanish bank Banco Santander. This is the world’s 12th-largest bank based on market capitalization with more than 10,850 branches in the Western world.

Under the co-marketing agreement, Punto Mio, an Internet shopping portal that bridges the gap between the online international shopper and U.S.-based Internet merchants from the time of purchase through cross-border delivery, Banco Santander Rio will promote the Punto Mio online shopping service to the bank’s 1 million banking clients in Argentina. Banco Santander Rio clients will also be offered a free Punto Mio U.S. address, providing users seamless cross-border parcel-post delivery through SkyPostal’s established

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SkyPostal Networks, Inc. (SKPN.OB), an international wholesale mail distribution company that specializes in hand delivery of commercial mail, periodicals and parcel post into the Latin America-Caribbean (LAC) region, recently announced that its Punto Mio division has entered into a co-marketing agreement with Banco Santander Rio, the Argentine branch of the Spanish bank Banco Santander. This is the world’s 12th-largest bank based on market capitalization with more than 10,850 branches in the Western world.

Under the co-marketing agreement, Punto Mio, an Internet shopping portal that bridges the gap between the online international shopper and U.S.-based Internet merchants from the time of purchase through cross-border delivery, Banco Santander Rio will promote the Punto Mio online shopping service to the bank’s 1 million banking clients in Argentina. Banco Santander Rio clients will also be offered a free Punto Mio U.S. address, providing users seamless cross-border parcel-post delivery through SkyPostal’s established

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The U.S. Producer Price Index (PPI) and Consumer Price Index (CPI) both fell in October. Those declines – combined with sharp downward spirals in worldwide stock and commodity prices – have caused many analysts, and even central bankers, to worry that we are on the brink of deflation.

Such concerns may be warranted in the short-term. But in the long run, deflation won’t be the challenge we face.

Thanks to an overly aggressive central bank, and more than $1.5 trillion in U.S. Treasury Department bailout programs – as well as other factors related to the ongoing global financial crisis – inflation will be the problem that ultimately bedevils us.

As long as oil and commodity prices drop, the PPI and CPI indices, which include oil and commodity prices, also will fall. Such a decline, however, does not constitute deflation; it is simply a one-time price adjustment. This is particularly true if most

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Dollar firms vs euro ahead of expected ECB rate cut… Traders eye U.S. data, central bank rate cuts for impetus… U.S. November car sales tumble 37 pctGold eased on Wednesday as the dollar firmed against the euro, denting the metal’s appeal as a currency hedge, with traders awaiting a raft of key economic news due later this week.

A spate of interest rate decisions, including that of the European Central Bank on Thursday, are set to influence the currency markets, and key U.S. non-farm payrolls numbers will be released on Friday.

Spot gold slipped to $773.05/775.05 an ounce at 1000 GMT from $781.50 an ounce in New York late on Tuesday.

“This is a big week for news, and a lot of people will be on the sidelines ahead of that,” Afshin Nabavi, head of trading at MKS Finance, said. “This is going to be

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The U.S. Producer Price Index (PPI) and Consumer Price Index (CPI) both fell in October. Those declines – combined with sharp downward spirals in worldwide stock and commodity prices – have caused many analysts, and even central bankers, to worry that we are on the brink of deflation. Such concerns may be warranted in the short-term. But in the long run, deflation won’t be the challenge we face. Thanks to an overly aggressive central bank, and more than $1.5 trillion in U.S. Treasury Department bailout programs – as well as other factors related to the ongoing global financial crisis – inflation will be the problem that ultimately bedevils us. As long as oil and commodity prices drop, the PPI and CPI indices, which include oil and commodity prices, also will fall. Such a decline, however, does not constitute deflation; it is simply a one-time ...

PKey Newsbr•nbsp;Russia’s central bank probably doubled spending of foreign reserves to defend the ruble from its biggest weekly plunge against the euro in more than four years. (Bloomberg)brimg alt= src=http://local.content.compendiumblog.com/uploads/user/7e88b461-578b-47f3-88ec-038e212ad053/a56c87c5-8253-45b7-aa80-26c89da2fa75/120208-1.JPG _width=75 _height=75brnbsp;br•nbsp;The Canadian dollar recovered some ground versus the U.S. dollar on Tuesday but remained range-bound and at risk of pressure from falling oil prices and political uncertainty in Canada. (Reuters)/P PQuotable brThe great question is whether the government will succeed in reinstilling the inflationary spirit of reckless abandon in American lenders and borrowers.nbsp; Debasement is what the authorities are driving toward.nbsp; It’s why they keep inventing new [lending] facilities.”br Jim Grant/P PFX Trading – Can you say 1% Treasury Bond Yield?nbsp; brThe Fed’s announcement that it will start buying Treasury bonds, along with everyone else in the world it seems, pushes the Fed into official Quantitative Easing (QE) territory.nbsp; /P Pnbsp;img alt= src=http://local.content.compendiumblog.com/uploads/user/7e88b461-578b-47f3-88ec-038e212ad053/a56c87c5-8253-45b7-aa80-26c89da2fa75/120208-2.JPG _width=75 _height=75/P PbrA recent article, dated October 10th, carried in the ...

Almost from the moment that trading began in the Far East on Monday morning, there was someone there to sell the gold and silver market down. This pressure really began to accelerate to the down side at one of the usual times of day…2:00 a.m. New York time…which is early Monday evening in Sydney, late afternoon in Hong Kong…and first thing in the morning (7:00 a.m.) in London.

Then, the moment the Comex opened for business, the bullion bank(s) pulled their bids and both metals sank like stones…particularly silver. For style points in silver, I give da boyz a 9.5/10. Any bets that it was mostly JP Morgan (NYSE:JPM)? After that pounding, the metals did nothing for the rest of the day. The shares got creamed.

Ted Butler had this to say about it yesterday…”While I certainly didn’t expect it, explaining Monday’s sell-off is pretty easy. It was a dealer-engineered drop

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Almost from the moment that trading began in the Far East on Monday morning, there was someone there to sell the gold and silver market down. This pressure really began to accelerate to the down side at one of the usual times of day…2:00 a.m. New York time…which is early Monday evening in Sydney, late afternoon in Hong Kong…and first thing in the morning (7:00 a.m.) in London.

Then, the moment the Comex opened for business, the bullion bank(s) pulled their bids and both metals sank like stones…particularly silver. For style points in silver, I give da boyz a 9.5/10. Any bets that it was mostly JP Morgan (NYSE:JPM)? After that pounding, the metals did nothing for the rest of the day. The shares got creamed.

Ted Butler had this to say about it yesterday…”While I certainly didn’t expect it, explaining Monday’s sell-off is pretty easy. It was a dealer-engineered drop

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h1 style="text-align: center;"bBank Nationalization/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Bank Nationalization Day/span/b/h2a href="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_l74vGpJI/AAAAAAAAAf4/J6EgOxMC024/s1600-h/RBS-DundasHouse.jpg"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 200px;" src="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_l74vGpJI/AAAAAAAAAf4/J6EgOxMC024/s320/RBS-DundasHouse.jpg" alt="" id="BLOGGER_PHOTO_ID_5273686505679135890" border="0" //a Old HQ pictured. Following failure of shareholders to buy more than 0.24% (only £36m for 56m shares) of the Royal Bank of Scotland Group's £20bn share issue, RBS (1) (including Citizens Bank, USA, and NatWest Bank, England) today became the third to be formally nationalised (nearly 58%). The small take-up of the issue by existing shareholders had been expected as the offer price of 65.5p was 10p higher than the price at which the shares were trading, so those who did buy on paper lost £5m doing so. The share issue by RBS was part of the government's plan to recapitalise banks. The government will pay £15bn for the majority stake in the bank plus £5bn of ...

GM is essentially already bankrupt, says Horacio Marquez. And it has been for years. This clearly makes the company one to avoid for investors. But Horacio says there are still some ways for those with a big risk appetite to make big profits with the giant automaker.

This from Money Morning:

With America’s “Big Three” automakers all due to submit turnaround plans to Congress today (Tuesday) – a requirement if General Motor Corp. (NYSE:GM), Ford Motor Co. (NYSE:F), and Chrysler Corp., are to receive $25 billion in government loans – I couldn’t help but recall the moment eight years ago when I realized the U.S. auto industry was skidding toward a financial collapse.

I’ve been thinking about that market call of mine a lot of late, particularly after recently reading that JP Morgan Chase & Co. (NYSE:JPM) credit analysts had

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