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Regular contributor Sy Harding takes a look at the measures the Fed and Federal Government have taken to avoid the second coming of the Great Depression – they’ve thrown everything at it, including the kitchen sink. And to give credit where credit is due, Bernanke & Co have (thus far, at least) been successful in […]
(Doug Casey Interviewed by Louis James, Editor, International Speculator) July 21, 2010 L: Doug, one of the most common replies we hear from the bulls who think the global economy is on the mend – or soon will be – is that China has huge cash reserves and a huge middle class with savings who will […]
If you consume a portion of your news from the mainstream media, it’s not easy to keep your head on straight. Separating the core facts from the nauseating spin of the financial media is not easy! And by the way, I’d even group the Wall Street Journal in with the other mainstream rags. Murdoch is […]
The man who proclaimed the subprime problem was “contained” in March 2007 (after which Jim Grant hilariously quipped “yeah, to planet earth”) – is back in the news again with another “guru moment”. The Wall Street Journal reports: The U.S. economy should continue to recover at a moderate pace this year, but it will take […]
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.
Here’s an excerpt from the latest issue of Conversations with Casey – an absolutely must read that Doug Casey and his team publish every Wednesday. If you’re not yet a subscriber, I’d highly recommend it – it’s a free pub, so you can’t beat the price, and Doug definitely doesn’t pull any punches! *** (Conversations […]
Is real estate bottoming? Ummmm, I guess it depends what you mean by bottoming…but unless you work for the NAR, probably not! Here’s an exclusive, insider look at the “real estate train wreck” as Casey Research’s David Galland sat down with real estate entrepreneur and guru Andy Miller. This read will make you think twice […]
Coast to coast flights are fantastic for getting uninterrupted reading time in, and on my flight back to the West Coast last Monday, I was able to devour Financial Reckoning Day Fallout: Surviving Today’s Global Depression, by Bill Bonner and Addison Wiggin. Bonner and Wiggin are the two top guys at Agora Financial, an extremely […]
Move along everyone, no depression to see here – so says Christina Romer, the White House’s chief economic adviser. Yes, the same adviser that recommended massive debasement of the US dollar to get us out of this mess. Christina Romer, chair of the Council of Economic Advisers, said Tuesday evening the main difference between last […]
Mark Twain famously said “History doesn’t repeat itself, but it does rhyme.” Several weeks ago I observed that we appeared to be exactly on the pace with 1930. From the stock markets furious rally, to the Fed generating inflation fears, to the self-congratulatory economic comments of leaders proclaiming “the worst is over”…it all seemed to […]
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