The Bubble Goes Bang
I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???
Friday 8 October 2010
Saturday 7 August 2010
Monday 2 August 2010
Price inflation simultaneous with monetary deflation
Shadowstats US CPI well over 5% while M3 contracts !
What will price inflation be when M3 goes positive starting with QE2 ?
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What will price inflation be when M3 goes positive starting with QE2 ?
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Saturday 31 July 2010
1976 video clip of M King Hubbert speaking about peak oil hitting between 1995 and 2005
http://en.wikipedia.org/wiki/M._King_Hubbert
Saudi Aramco’s crude oil exports peaked in 2005
Twilight in the Desert:
The Coming Saudi Oil Shock and the World Economy
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Tuesday 27 July 2010
Friday 16 July 2010
Milton Friedman 1980 Documentary: Free to Choose
Free To Choose was an award winning PBS television series featuring the Nobel Prize-winning economist Milton Friedman. 10 films make up the series, each featuring a short documentary where Milton Friedman presents his views on a given topic followed by a discussion and debate with various participants including politicians, academics, business people, et al.
In general the views expressed are contrary to the status quo of government involvement in daily life. In fact at the time the series was first aired it was given poor time slots by station managers that did not want it broadcast, and the program was even banned in France. Despite this suppression, the series went on to become a smash success leading to the best selling non-fiction book of 1980 and a follow-up series in 1990
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In general the views expressed are contrary to the status quo of government involvement in daily life. In fact at the time the series was first aired it was given poor time slots by station managers that did not want it broadcast, and the program was even banned in France. Despite this suppression, the series went on to become a smash success leading to the best selling non-fiction book of 1980 and a follow-up series in 1990
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Monday 12 July 2010
Bear markets 2007 versus 1973
http://www.businessinsider.com/so-hows-our-stock-market-recovery-doing-2010-7
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Saturday 3 July 2010
Derivatives make BP too big to fail
In fact, there isn’t that much of a difference between BP and Lehman Brothers – both have been among the major players in the unregulated $615 trillion OTC derivative market. If BP is forced to file for bankruptcy, it will probably have an even greater negative impact on the financial markets than the Lehman failure caused.
http://econotwist.wordpress.com/2010/07/02/so-you-thought-bp-was-an-oil-company/
http://usawatchdog.com/pedro%E2%80%99s-nightmare-bp-scenario/
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Monday 21 June 2010
Why the Abandonment of the Gold Standard is Responsible for the World's Sovereign Debt Crises
The abandonment of the gold standard in 1971 is closely tied to the massive unemployment the industrialized world has suffered in recent years; Mexico, even with a lower level of industrialization than the developed countries, has also lost jobs due to the closing of industries; in recent years, the creation of new jobs in productive activities has been anemic at best.
The world’s financial press, in which leading economists and analysts publish their work, never examines the relationship between the abandonment of the gold standard and unemployment, de-industrialization, and the huge chronic export deficits of the Western world powers. Might it be due to ignorance? We are reluctant to think so, given that the articles appearing in the world’s leading financial publications are written by quite intelligent analysts. Rather, in our opinion, it is an act of self-censorship to avoid incurring the displeasure of the important financial and geopolitical interests that are behind the financial press.
In this article we discuss the relationship between loss of the gold standard and the present financial chaos, which is accompanied by severe “structural imbalances” between the historically dominant industrial powers and their new rivals in Asia.
http://www.zerohedge.com/article/global-financial-crisis-dummies-why-abandonment-gold-standard-responsible-worlds-sovereign-d
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Wednesday 9 June 2010
When you price the Dow in gold you see that there were no rallies since 2001
Are we due for another big move ? Either up in gold or down in stocks or both ?
http://blog.afraidtotrade.com/dow-jones-priced-in-gold-long-term-view-june-8/
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http://blog.afraidtotrade.com/dow-jones-priced-in-gold-long-term-view-june-8/
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Sunday 6 June 2010
Higher education's bubble in the US
Coming to the UK soon. Universities will be allowed to charge students what they like. However universities will not be privatised and they will partner with the government and banks to create any number of get-into-debt schemes that will be pushed on students !
http://www.washingtonexaminer.com/opinion/columns/Sunday_Reflections/Higher-education_s-bubble-is-about-to-burst-95639354.html
http://www.nytimes.com/2010/05/29/your-money/student-loans/29money.htm
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It's a story of an industry that may sound familiar.
The buyers think what they're buying will appreciate in value, making them rich in the future. The product grows more and more elaborate, and more and more expensive, but the expense is offset by cheap credit provided by sellers eager to encourage buyers to buy.
Buyers see that everyone else is taking on mounds of debt, and so are more comfortable when they do so themselves; besides, for a generation, the value of what they're buying has gone up steadily. What could go wrong? Everything continues smoothly until, at some point, it doesn't.
Yes, this sounds like the housing bubble, but I'm afraid it's also sounding a lot like a still-inflating higher education bubble. And despite (or because of) the fact that my day job involves higher education, I think it's better for us to face up to what's going on before the bubble bursts messily.
http://www.washingtonexaminer.com/opinion/columns/Sunday_Reflections/Higher-education_s-bubble-is-about-to-burst-95639354.html
http://www.nytimes.com/2010/05/29/your-money/student-loans/29money.htm
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