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Can you spot the trend? Chart courtesy of http://www.calculatedriskblog.com/ Hat tip to friend, reader, and monetary expert Dave for sending this gem along. For further reading on the real estate trainwreck, check out this interview with real estate entrepreneur and guru Andy Miller.
Reuters reporting on George Soros’ testimony at the U.S. Conference of Mayors – whatever the hell that is: Soros said the United States needed “radical and unorthodox policy measures” to prevent a repeat of the Great Depression of the early 20th century that include recapitalizing banks and writing down the country’s accumulated debt. Also, he […]
On the first day of bailouts, we had to bail… A great video by YouTube user ZINKpro!
Legendary investor Donald Coxe is one I follow closely. I would highly recommend his latest conference call where he discusses the global economic environment, and comments on potential ramifications of the government’s Freddie/Fannie interventions. He also has a fantastic Canadian accent that really adds to the fun. My notes from the call: Financial system is […]
Could very well be – I’m not taking any chances. I just closed out my two British pound short positions – I don’t want to stand in the way of a “gap up”. I can’t figure out why this is triggering such a reaction – what exactly was the market expecting regarding Freddie and Fannie? […]
Hilarious tribute to Fannie Mae and the financial masterminds of the US government:
Clip of Ron Paul breaking down the housing bill for us laymen without the time or inclination to pore over 700 pages of legislation. It made me a) sick, b) terrified for the future of our country, and c) calculate my current gold/silver holdings again in my head.
Rogers told Bloomberg the plan is an “unmitigated disaster” and that “they’re ruining one of the greatest economies in the world.” Boy this really gets my blood broiling – confirms my belief that this country is going to get what’s coming to it, good and hard. Protect yourself – buy gold.
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