Saturday, 28 February 2009
Friday, 27 February 2009
Thursday, 26 February 2009
Wednesday, 25 February 2009
As foreclosures mount, Florida court turns to 'rocket docket'
http://edition.cnn.com/2009/US/02/23/rocket.docket.foreclosures/index.html#cnnSTCText
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Friedrich von Hayek - June 22, 1975 interview
http://mises.org/multimedia/mp3/interviews/Hayek_MeetThePress_06-22-1975.mp3
http://mises.org/story/3311
http://www.powerset.com/explore/go/Friedrich+von+Hayek
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Tuesday, 24 February 2009
Warren Buffett may have received margin calls related to derivative/option investments
Perhaps it is nothing more than wild speculation at this point, but rumors are popping up on the street that Warren Buffett may have received margin calls related to derivative/option investments. Yes, these are the same type of investment that Mr. Buffett has termed, "financial weapons of mass destruction.” As crazy as this may sound, there is obviously something going badly wrong as Berkshire Hathaway (BRK.A) is down over 20% in 2009 and many of the individual positions within the portfolio have been outright devastated.
more ...
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Peter Schiff on the Self Perpetuating Bailout Spiral
http://www.foxnews.com/video-search/m/21890668/self_perpetuating_spiral.htm
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Monday, 23 February 2009
The UK Government Ponzi scheme that's conning us all
This racket is divided into two distinct operations: one is called the National Insurance scheme and the other is usually referred to as the public sector pension scheme. The National Insurance scheme has remarkable affinities with the Ponzi mechanism. That is to say, the participants seem on the surface to be investing money that will ultimately pay for their future (state) pension. In fact, however, you will not be receiving a return on your investment during 40 years of dutiful contributions while in employment. Instead you will get money - at the rate, currently, of a measly £90 a week - that is simply what the government is prepared to release out of the inflow from newer contributors to the scheme.
http://www.timesonline.co.uk/tol/comment/columnists/dominic_lawson/article5780663.ece
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A Conversation with Harry S. Dent, on his upcoming book, THE GREAT DEPRESSION AHEAD
This present crash and severe downturn will likely last into mid- to late 2012, with a minor reprieve into early to mid-2009 for stocks and a temporary economic recovery from mid- to late 2009 into as late as early to mid-2010 – from the strong stimulus and rescue plans in the U.S. and around the world. But that rebound, if it occurs, will be quickly thwarted by rising inflation, interest and mortgage rates and commodity/oil prices into late 2009 to mid-2010. Then, inflation becomes the problem and governments can’t keep stimulating the economy and will have to raise interest rates instead. That and higher oil prices bring down the economy by mid-2010 and we finally see the necessary deflation and depression to bring real estate, stock and commodity prices to much lower, more sustainable levels to foster the next boom when demographic trends turn up again from 2020/2023 into the mid 2030s and beyond.
http://www.hsdent.com/the-great-depression-ahead-qa-harry-dent-jr/
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Sunday, 22 February 2009
Is Buy & Hold Dead?
Assessing whether the long-term investment strategy of 'buy and hold' is dead, with John Bogle, Vanguard founder & fmr. CEO; Jeremy Siegel, University of Pennsylvania; and CNBC's Melissa Lee.
http://www.cnbc.com/id/15840232?video=1041564577
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http://www.cnbc.com/id/15840232?video=1041564577
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How One Investor Made A Fortune In The Great Depression
How One Investor Made A Fortune In The Great Depression - Get more Business Plans
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Saturday, 21 February 2009
STOP GIVING THESE KEYNESIAN'S NOBEL PRIZES !!!!
Didn't see it coming and has no answers except print and spend money !
http://www.powerset.com/explore/semhtml/Paul_Krugman
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Visit msnbc.com for Breaking News, World News, and News about the Economy
http://www.powerset.com/explore/semhtml/Paul_Krugman
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Friday, 20 February 2009
The Crisis of Credit Visualized
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
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Gold futures pass $1,000 an ounce - Someone must be worried about inflation ???
999:
1000:
http://www.chicagotribune.com/business/chi-biz-god-above-1000-feb20,0,2076474.story
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1000:
http://www.chicagotribune.com/business/chi-biz-god-above-1000-feb20,0,2076474.story
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Tuesday, 17 February 2009
Monday, 16 February 2009
Saturday, 14 February 2009
Thursday, 12 February 2009
Jim Rogers on Future Banking - Feb. 10 2009
"It's not the first time in the world that investment banks and commercial banks have gone bankrupt, this has been going on for hundreds of years," Jim Rogers, CEO of Rogers Holdings
http://www.cnbc.com/id/15840232/?video=1028587531&play=1
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http://www.cnbc.com/id/15840232/?video=1028587531&play=1
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Wednesday, 11 February 2009
Dr. Doom & Black Swan: You Ain’t Seen Nothin’ Yet
Nouriel Roubini and Nassim Taleb are widely credited with predicting the current financial crisis, and both told CNBC they see more rough waters ahead.
Even if we play our cards right, said Roubini, chairman of RGEMonitor.com, it will take at least 12 months to get out of this recession.
“If you don’t do everything right, and I think there’s a large probability that’s going to happen, then we may end up in a multi-year stagnation or near depression like the one that Japan had,” he added.
Roubini said there is still a 20 percent downside risk to U.S. global equities, and he advises investors to stay in cash until there is a real bottom.
more ...
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Even if we play our cards right, said Roubini, chairman of RGEMonitor.com, it will take at least 12 months to get out of this recession.
“If you don’t do everything right, and I think there’s a large probability that’s going to happen, then we may end up in a multi-year stagnation or near depression like the one that Japan had,” he added.
Roubini said there is still a 20 percent downside risk to U.S. global equities, and he advises investors to stay in cash until there is a real bottom.
more ...
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Monday, 9 February 2009
Peter Schiff - Stimulus Bill Will Lead to Disaster 06/02/09
http://ukhousebubble.blogspot.com/2009/02/why-all-stimulus-packages-fail.html
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Saturday, 7 February 2009
The End of the U.S. - Debt Default, Dollar Collapse Altogether Likely
A few days ago, despite my conviction that the Treasury market is going to collapse in the near future, I said we may see some retracement in yields -- maybe even a retesting the lows -- for two reasons. First, the Fed may make good on its threat to buy the long end of the yield curve and second, the Japanese might defend the strengthening yen by buying Treasuries.
The economy is in tatters. Corporate earnings are dismal. Consumer confidence is at historic lows. And I believe the worst is yet to come -- massive credit card defaults and unemployment leading the way. The Fed has embarked on a path of quantitative easing, and while that path is typical of a fatuous monopolistic government with absolute power to dictate policy to its minions, I also believe it has no choice but to follow through with the policy -- regardless of the ferocity with which some of us condemn the decisions. No, the Fed has to keep rates low as long as it can, regardless of the consequences. But the consequences will surely come.
http://seekingalpha.com/article/117801-the-end-of-the-u-s-as-we-know-it-tracking-the-dollar-downward?source=article_sb_popular
The prospect of the United States defaulting on its debt is not just likely. It's inevitable, and imminent.
The regulatory black holes into which sanity and reason disappear on a daily basis are soon to collapse under the mass of their sheer size. The circle jerk going on among G7 governments has to end – the steady advance of gold, even in the face of a managed price, exposes the real value of the U.S. dollar, as opposed to its apparent value expressed in the dollar index.
Is 2009 the year that the United States formally defaults? And with that, will the dollar collapse be rolled back ten for one or more?
There are a lot of reasons to support that theory. To Wall Street economists, such an event is heresy and therefore unthinkable. Yet Wall Street is the very La-la-land that bred the idea of a perpetually indebted nation in the first place.
Number one among the indicators favoring this scenario is what is happening in the U.S. Treasuries auction market.
Last Thursday, an $30 billion auction in five-year notes failed to stir the interest of traditional primary dealers. The auction itself was saved by an anonymous “indirect” bid.
http://seekingalpha.com/article/118103-u-s-debt-default-dollar-collapse-altogether-likely?source=feed
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Sunday, 1 February 2009
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