I do not profess that the main structural arguments of the following essay are mine. Rather they belong to a rather famous former Chairman of the US Federal Reserve named Alan Greenspan as noted in his rather seminal 1966 essay…
Year: 2009
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Often, during confusing economic times, people turn to icons in the investment world such as Warren Buffet and bond king Bill Gross for direction and blindly absorb the opinions of such men as their own without any critical analysis. To…
More than 2-½ years ago when I predicted a global stock market crash on my investment blog, even foreshadowing the duration and the severity of the impending crisis by naming it the Peak Investment Crisis, many called my predictions ludicrous…
Last week, when almost every major US bank manufactured profits out of thin air by changing their regular reporting periods to exclude months in which huge losses occurred, by changing their definitions of bad debt, and by revaluing their assets…
Every precious metals trader that has analyzed gold prices over the past several decades knows that a common ploy the IMF and leading global Central Banks utilize to suppress gold prices in the COMEX futures markets is to announce plans…
In Part I of “The Gaping Hole”, I stated that “the valid argument against massive future inflation is the fact that this bailout money must eventually end up not just in the monetary base but in the monetary supply.” When…
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There are many people still bandying around the idea that we will suffer a prolonged period of deflation and their primary argument in support of this thesis is the fact that despite the ECB, the Federal Reserve, the Bank of…
The last time I wrote an article about the US dollar on March 4th titled the “US Dollar Vulnerable to a Sharp Decline Now”, the US dollar index promptly plunged from 89 to 83 less than one week later. In…
Many times when I run into old friends after a while, in reference to past conversations we may have had regarding global capital markets, they tell me something to the effect of: “Everything you said that was going to happen…
Though I’m writing this article on the Saturday preceding the Monday Bank of America earning’s announcement, I am quite confident in stating that the chances Bank of America will not surprise and beat analysts on Monday is slim to none….