We have had massive monetary creation for decades now which we have finally come to the day of reckoning. We do not know if the top will be next month, next year or even later but we certainly are getting to the top where we cannot buy our way out of the problem through a new stimulus injection… The truth is that a terrible, deflationary depression is probably starting in the coming months. Words: 1581
The uber-Keynesians that are in control of our economic policy clearly do not think that large tax increases matter, or if they do think so they are not speaking out about them. They are conducting an experiment on our economic body without benefit of anesthesia. Here’s a prediction about which I can feel confident: if we do slip back into recession, they will blame some factor other than the tax increase and call for massive stimulus. In fact, they will probably say that the lack of stimulus was the problem in the first place. Paul Krugman will be the head cheerleader. Words: 841
Many market participants and commentators are obviously having a hard time distinguishing between a bull market and a bubble. More and more articles are referring to the imminent burst of the “gold bubble” and to an alleged “crowded trade” but the facts quickly put such fear-mongering into perspective. Words: 1787
The U.S. caused the 1930s deflationary depression and is again the cause of the current contraction. Although similarities exist between the two, the differences between them insure a far more consequential outcome today than in the 1930s. [Indeed, the world] now finds itself on the edge of a growing deflationary sinkhole created by the sequential collapse of two large U.S. bubbles, the dot.com and U.S. real estate bubbles. Words: 1549
At times like these, it is hardly going out on a limb to say that we are headed for hard economic times. In fact, it seems like almost everyone in the financial world is either declaring that a recession is coming or is busy preparing for one. The truth is that bad economic signs are everywhere. Words: 1171
Almost 80 respected economists, academics, gold analysts and market commentators (see list below) are of the firm opinion that gold is going to go to at least $2,500 if not as high as $10,000 per ounce (or more) before the parabolic top is reached. As such, just imagine what is in store for silver given its historical price relationship with gold. We’re looking at an extreme case scenario of a future parabolic top of perhaps as much as $714 per ounce for silver, the ‘poor man’s gold’. Words: 1694
I think we can all agree that the national economy and the global economy are both on slippery slopes. It’s time to think outside of the box. We just need an effective leader who is willing to … try some real solutions. If you don’t like my solutions, come up with others but don’t tell me America can’t be fixed. It can be fixed … you just have to be willing to do it. Words: 2371
The next decade will surely be especially turbulent, because that’s when markets and politics will sort out what the inevitable train wreck in the US entitlement programs will look like. Words: 713
If you’re in the market, you can’t just sit and hope things work out. You have to be proactive and prepare for the worst as well as the best. [I have identified] seven red flags indicating that the next big move in the market may be down so [outline] 4 steps below on how to protect yourself and your portfolio. [Don't delay,] now is the time to take action! Words: 1316
Intrinsic value does not mean that the product may have value for some time, or even for a long time. Instead, intrinsic value denotes value forever, i.e. a value that remains relatively unchanged and equal to the same amount today as it was thousands of years ago. Words: 598
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