The market basically doesn’t want a recovery right now. It loves high unemployment and a bad economy because it allows the Fed to keep rates at zero which is highly profitable for Wall St via the games that I described above. Of course our crippled economy is an absolute nightmare for the rest of us as we lose our jobs and our homes as Rome continues to burn. Words: 1248
June 15th, 2010 | Posted in 2011-12 Forecasts,Economy | Read More »
The Japanese monetary and fiscal anti-deflation reflex in reaction to the crash in the 90´s was very much the same as the recent and currently ongoing global pumping approach. Japan has been running exactly the same “stimulus” as the rest of the world is now employing to fight the downturn. It didn´t work in Japan and I doubt it will work globally. If ever there was an economic illustration of the fact that “stimulus” cannot revive a REAL economy, Japan is that illustration. Words: 861
February 16th, 2010 | Posted in Economy | Read More »
As I see it there are only two outcomes. Either the gold cartel will fail or the U.S. government will have destroyed what remains of the free market in America. I hope it is the former, but the flow of events from Washington and the actions of policymakers suggest it could be the latter. Words: 1654
February 4th, 2010 | Posted in Gold/Silver | Read More »