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David Rosenberg
Michael Spence, professor at New York University’s Stern School of Business and winner of the 2001 Nobel Prize in economics, believes there’s “probably a 50%” chance of the global economy slipping into recession. Noriel Roubini disagrees and says flatly that a recession is coming and that it is a mission impossible now to stop it. The Philadelphia Federal Reserve Bank places the odds at 85% of a recession. David Rosenberg, another very savvy economist, says that by 2012, the chance of a second recession is 99%. Peter Schiff, who with Roubini, correctly and accurately predicted the collapse on Wall Street and ensuing recession, thinks one is 100% certain. [Let's take a look at why they hold such views.] Words: 829
August 30th, 2011 | Posted in Economic Overview,Economy | Read More »
The following 10 reasons give a foundation for why I believe we may be approaching another recession. Words: 903
July 31st, 2011 | Posted in Economic Overview,Economy | Read More »
Is a second recession in so short of a time in the offing? It certainly seems that way. The hope for a continued recovery has grown dim lately as many of the economic indexes are moving towards contractionary territory… There are several concerns pressing the U.S. economy and, in the words of David Rosenberg, chief economist at Gluskin Sheff, “one small shock” could send us into a second recession. [We, for our part, believe that even] another round of Quantitative Easing by the Fed…may not be enough to offset the real problems facing the U.S. economy. [Let's take a closer look.] Words: 1295
July 23rd, 2011 | Posted in Economic Overview,Economy | Read More »
No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons – sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations – which will all contribute to rampant price inflation. Words: 1111
November 5th, 2010 | Posted in Gold/Silver,Investing | Read More »
We may reach levels for gold previously thought of as crazy – $5,000 an ounce or even $10,000 – with plenty of volatility and pullbacks along the way… and in my opinion there are 10 reasons it could happen within the next 12 months and, if not by then, then soon after. Why? Because, in short, there is way too much fiat currency chasing way too little gold. Words: 951
September 22nd, 2010 | Posted in Gold/Silver,Investing | Read More »
It is not inflation that is worrying big investors – though inflation may be the default response before this is all over – but deflation. Words: 638
July 11th, 2010 | Posted in Economy | Read More »
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
July 4th, 2010 | Posted in Economy | Read More »
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
July 4th, 2010 | Posted in Gold/Silver,Investing | Read More »
My first reaction when I read an article* on this site by Arnold Bock – articulating why gold would go to $10,000 – by 2012 no less – was amazement. Who in their right mind would suggest that gold would eventually reach $2,500, let alone $5,000 or even $10,000? Words: 2097
June 23rd, 2010 | Posted in Economy,Gold/Silver,Investing | Read More »
Gold has been the best-performing major commodity since the financial crisis began and we see no big reason why that outperformance should be over. After its breathless run to $1220, it’s entitled to correct back toward $1,000—or even a bit below that chiliastic level—without ending its bull market. Words: 707
February 22nd, 2010 | Posted in Gold/Silver | Read More »
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