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I started tracking Robert Prechter of Elliott Wave International recently because, to my knowledge, he’s one of the only guys who correctly anticipated the Great Crash of ’08. Now, he had been waiting for this crash since he wrote Conquer the Crash in 2002, but better to be early than late in this case. A […]
“Dr. Doom” Marc Faber drops the casual obervation in this Bloomberg interview that he sees inflation levels rising in the US…in fact, eventually approaching Zimbabwe levels! Prompted by a viewer question that asked whether it’s more likely the US will default on its debt, or go into hyperinflation, Faber says he “100% sure” that the […]
I couldn’t resist sharing some hot investment advice that just came through my Inbox, from our favorite real estate agent. To refresh your memory, here was the last gem that was sent over – an explanation about inflation that was, honest to God, the dumbest I’ve ever heard. Today’s insight is not as “doom and […]
Common wisdom holds that depressions are inherently deflationary. The United States in the 1930’s. Japan in the 1990’s and 2000’s. Combine a depression with other deflationary factors going today in the US – demographics, deleveraging, falling asset prices, even productivity – and you’ve got some serious deflationary headwinds. (As a side note – I’ve warmed […]
Seems like the government has never made a deficit projection it couldn’t miss. Well believe it or not, things are about to get a lot uglier than any of us had expected. Casey Research’s David Galland, one of the very best investment writers and thinkers in my opinion, writes that falling tax revenue is […]
Ben Bernanke was right – if you put your mind to it, and print enough money, you CAN prevent deflation. New CPI numbers show that the core CPI (excluding food and energy, which nobody really uses anymore) actually jumped 0.3% last month, their largest increase since June 2008. About 40% of that increase came from tobacco […]
This is – by far – one of the stupidest things I’ve ever read. This gem came in a monthly e-zine sent out by a real estate agent who got her hooks into me after the housing bubble started to pop, smelling fresh virgin real estate blood in the waters. Needless to say, we’re still […]
It’s scary to think that the $1.8 trillion deficit estimate for 2009, issued by the Congressional Budget Office (CBO), could be wildly conservative. But if you pick apart each assumption made by the CBO – as Casey Research CEO Olivier Garret does in this guest article – you’ll see that this estimate is really a best […]
Yesterday, the US Federal Reserve announced it will buy up to $300 billion of US long-term Treasury securities over the next 3 months. Where will the Fed get that money? It will essentially create it out of thin air – also known as “printing money.” Shockingly the markets did not like this announcement from the […]
Walt Disney announced the creation of a new exhibit at EPCOT Center entitled called “The Great Piggy Bank Adventure.” According to the press release, The Great Piggy Bank Adventure will offer advice on four key financial themes: Setting goals Saving and spending smartly Staying ahead of inflation Diversifying your investments According to my unofficial, imaginary […]
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