Posted on September 26, 2009 by MoneyBob
Unlike the “legitimate bull markets” of many foreign markets, Peter Schiff believes the U.S. is merely experiencing a “rally in a bear market,” and is lagging the rest of the world “for a reason.”The worst is not over, according to Euro Pacific Capital’s Schiff, who predicts the Dow will fall another 90% from current levels [...]
Filed under: Commodities, Copper, Credit Crunch, Dooms Day, Economy, Gold, MoneyBob Postings, Silver, Yahoo Finance, economics | Tagged: Commodities, Copper, Gold, Silver, Stock Market, stock market crash | Leave a Comment »
Posted on September 26, 2009 by MoneyBob
The Fed upgraded its view of the economy Wednesday, declaring: “Economic activity has picked up following its severe downturn.”But forget all the talk about recovery, V-shaped or otherwise. The economy is actually worse today vs. during the depths of the recession, according to Peter Schiff, president of Euro Pacific Capital and author of Crash Proof [...]
Filed under: Aaron Task, Gold, MoneyBob Postings, Stagflation, US Dollar, Work, Yahoo Finance | Tagged: economics, Economy, Gold, Inflation, Life, Peter Schiff, Savings, Thoughts, Work | Leave a Comment »
Posted on September 22, 2009 by MoneyBob
“The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society,” Marc Faber writes in the September issue of The Gloom, Boom & Doom Report.A statement like that pretty much speaks for itself, [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Foreclosure, Gold, Inflation, Interest Rates, Investing, Life, MoneyBob Postings, Real Estate, Retirement, Risk in Portfolio, Saving, Stagflation, Stock Market, Thoughts, US Dollar, Work, economics | Tagged: business, Depression, Dollar, Dooms Day, economics, Economy, Gold, Inflation, Investing, Life, Marc Faber, Silver, Stock Market, Thoughts, War, Work | Leave a Comment »
Posted on September 22, 2009 by MoneyBob
Marc Faber, editor of The Gloom, Boom & Doom Report is, by his own account, “ultra-bearish” on the long-term fundamentals of the U.S. market. (Discussed in detail in this clip.)However, in the near term, Faber sees plenty of money-making opportunities in stocks. Sure, prices aren’t as cheap as they were in March, yet he’s confident, [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Foreclosure, Gold, Inflation, Investing, Market History, MoneyBob Postings, Retirement, Risk in Portfolio, Saving, Stock Market, economics | Tagged: business, Depression, Dollar, economics, Economy, Gold, Inflation, Investing, Life, Marc Faber, Silver, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 22, 2009 by MoneyBob
Marc Faber has an informal rule never to spend more than 10 days in a country before rushing to the next one. In addition to lots of frequent-flyer miles, this gives him the chance to see firsthand how lots of the world is doing.So how’s it doing?Better than the U.S., says Faber, the editor of [...]
Filed under: Aaron Task, Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Dooms Day, Economy, Gold, Middle Class, Mining, MoneyBob Postings, Oil, Precious Metals, Real Estate, Silver, Stagflation, Stock Market, economics | Tagged: business, Depression, Dollar, economics, Economy, Gold, Inflation, Investing, Life, Marc Faber, Silver, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 22, 2009 by MoneyBob
Ken Fisher’s argument that America is “under indebted” and that more debt will be a global phenomenon in the next 10-20 years raised a lot of eyebrows last week – and quite a few catcalls in our comments section.Fisher may be technically right — that there’s appetite for more U.S. debt, but Marc Faber, editor [...]
Filed under: Aaron Task, Debt Management, Deflation, Dooms Day, Economy, Gold, Interest Rates, Investing, MoneyBob Postings, currency, economics | Tagged: business, Depression, Dollar, economics, Economy, Gold, Inflation, Investing, Life, Marc Faber, Silver, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 16, 2009 by MoneyBob
In the past six months, Aaron and I have talked a lot about the similarity between the rally of early 1930 and the one we’re having today.The early 1930 rally came after the market had fallen nearly 50% in the fall of 1929. The spring rally took the market up nearly 50% again, to a [...]
Filed under: Economy, Investing, MoneyBob Postings, Saving, Stock Market, Thoughts, economics | Tagged: business, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 16, 2009 by MoneyBob
Puzzled by the strength and duration of the stock market rally? Michael Pento, chief economist at Delta Global Advisors, says it all makes perfect sense. “If the Federal Reserve is going to pay you less than 1% to deposit your savings… what are you going to do with that money?” Hence, the rally off the [...]
Filed under: Aaron Task, Economy, MoneyBob Postings, Yahoo Finance, economics | Tagged: business, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 16, 2009 by MoneyBob
* Bernanke says recession ‘very likely over’ – AP * Fed Chief Says Recession Is ‘Very Likely Over’ – NYT.com * Bernanke Sees Recession’s End – WSJ.com more about "Go for Gold Inflation Is Here and Goi…", posted with vodpod
Filed under: Aaron Task, Economy, Gold, Inflation, MoneyBob Postings, Oil, Silver, US Dollar, Uranium, Yahoo Finance, economics | Tagged: business, economics, Economy, Gold, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 6, 2009 by MoneyBob
“We are in the middle of systemic shock” and emergency government programs have temporarily kept the global economy on “life support,” he says. “We think governments have little additional room left to continue to postpone the restructuring that’s necessary around the world.”Other causes for concern include: * A pending commercial real estate “meltdown” that will [...]
Filed under: MoneyBob Postings, Stock Market, Yahoo Finance | Tagged: Stock Market, stock market crash | Leave a Comment »
