The $300 Trillion “Money Bang” Keith Fitz-Gerald and his team have just produced a groundbreaking report that shows how this historic “Money Bang” is gaining steam. You’ll find out why China is investing $200 billion in one company – and why it’s expected to gain 356%… Why the Dept. of Energy is “backing” one solar company – and why it’s 506% revenue jump is a “smidgen”… And why one recently IPO’d water company is headed for a 600% run. Just go here for details.

It wasn’t long ago that Venezuelan President Hugo Chavez’s decision to nationalize state oil company Petroleos de Venezuela SA (PDVSA) resulted in a failed coup that very nearly cost him his post.

Now, Chavez’s aggressive economic policies are again being called into question, this time as the country slides into what could be a protracted period of stagflation, which is …

Despite the fact that its benchmark Merval index is up over 50% this year–making it the world’s fifth-best performer according to Bloomberg–Argentina lost its position in the benchmark emerging-market stock index this past week and joined MSCI Inc.’s “frontier” category, a classification based on a given market’s size, liquidity and economic development.  Analysts told Bloomberg that the change “may lure funds to the nation and extend a three-month equity rally,” especially those portfolio managers who are feeling the start of a new secular bull market in commodities–crude, for instance–and those who are betting that the government’s days of defaulting on debt are fin.

“’You’re getting fresh eyes with frontier investors taking a look at Argentina,’ said Paul Herber, who helps manage $5 billion at Forward Management LLC in Seattle, including the Accessor Frontier Markets Fund, and plans to buy Argentine shares. ‘We’re not looking to take any heroic bets

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AT&T Disconnecting 12,000 Jobs; Credit Suisse Announces 5,300; Capital One Puts Chevy Chase in Its Wallet; Argentina Announces $3.9 Billion Stimulus, Jobless Benefits at 26-year High; Dupont Cuts 2,500 Employees; Williams-Sonoma Beats Estimates; Oil Falls 5%

AT&T Inc. (T) said it would scale back 12,000 jobs, about 4% of its workforce, between now and the end of 2009 to fight “economic pressures, a changing business mix and a more streamlined organizational structure.” It will also take a severance charge of nearly $600 million for the fourth quarter, Reuters reported. Credit Suisse Group AG (ADR: CS) will scale back its workforce, eliminating 5,300 workers, or about 11% of its workforce. Switzerland’s ...

By grabbing $26 billion in private pension money last month, Argentina may have put itself on track for its second debt default in a decade – ironically, the very situation that country’s government had hoped its bit of leisure-fund larceny had hoped to avoid.

“The misguided macroeconomic and monetary policies, especially the confiscatory tax policy and huge government spending – much of it inefficient – was doomed to catch up with the country someday,” says Horacio Marquez, a Wall Street veteran, emerging markets specialist and editor of two trading services affiliated with Money Morning: The Money Moves Alert and the Shadow Stock Trader services.

Argentina’s act of not-so-petty larceny was launched late last month when the government, in a surprise move, ordered Argentine pension funds to liquidate their foreign holdings, the first step in a plan to transfer that money into the state pension system. Argentine

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Argentina - where Contrarian Profits is based - could be heading for its second debt default in less than a decade.  Justice Litle says the US is also burdened by a ballooning national debt pile. And no-one really knows how it will be paid back. That’s why the current US dollar rally cannot last much longer.

This from Taipan Daily:

Whither the dollar and gold? To answer that long-awaited inquiry – which will take some time to cover in full – let’s start by getting a handle on “exploding debt dynamics.” Cartoonish as it sounds, it’s a real term that IMF economists use.

If, like me, the phrase gives you visions of Wile E. Coyote blowing himself up with a box of ACME brand dynamite, you aren’t too far off.

The technical meaning refers to the fallout from

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