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The Real Cost of the 2008 RecessionBy Olivier Garret, CEO,The Casey Report – www.caseyresearch.com It took the statisticians of the National Bureau of Economic Research almost a year to confirm what the rest of us already knew, that the US registered a significant decline in economic activity, thus officially entering a period of recession. While […]
Doug French writes in Mises.org: “Bernanke and company are making matters worse by endlessly inflating and bailing out dysfunctional firms. The result will be more unemployment, not less. But not-so-bashful Ben is arrogant enough to believe that he can step on the monetary gas, make things all better, and then return the Fed balance sheet […]
By Olivier Garret CEO, Casey Research The Casey Report The fact that after over 30 years of consistent mismanagement and decline, there is still any discussion on whether or not we should allow the now significantly smaller “Big Three” automakers to fail is clear evidence that Washington has lost all common sense. Why, when after […]
Apparently you can do a lot with $7.4 trillion. Check out this chart, courtesy of Agora Financial: Don’t you worry, the government is printing this money as fast as it can.
The near term risk for the Dow is on the downside, says Adam Hewison of INO.com. In this free video, he describes the recent bounce as a classic Fibonacci retracement, where markets typically retrace 50-62% of their recent losses, before retesting new lows. Regular readers know that traditionally, I have not been a big believer […]
I joked last week that cotton futures were heading towards zero – apparently oil took exception to my joke, and has accelerated it’s speed towards the basement. Can you spot the trend in the oil chart? Many folks, myself included, thought we’d never see sub-$50 oil again. The speed of this decline has been absolutely […]
From Bloomberg: Legendary investor Jim Rogers says bonds will be a “terrible” investment as economic problems may persist until 2010. “Stocks in the West are still expensive on any historic valuation method,” while “bonds are going to be a terrible place to be for the next 10, 20 years,” Rogers, chairman of Singapore-based Rogers Holdings, […]
George Soros says a “deep recession is now inevitable, and the possibility of a depression cannot be ruled out, according to Soros’ recent Congressional testimony.
A plan to save the world — part two, or is it three?by Adam Hewison, President, INO.com When Paulson came out today and stated that his earlier plan to save the western world was not working, he offered up a plan “C” (or is it “D”) to relieve pressure on consumer credit, scrapping his earlier […]
Highly recommended 20/20 piece by John Stossel – this originally aired on October 17, 2008. Summary of each video by yours truly. What does this have to do with investing and markets? Everything. You can’t invest today without a thorough understanding of the idiotic decisions coming down the pike by our elected bureaucrats. I’d recommend […]
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