Posted on March 8, 2010 by MoneyBob
It’s time to provide some fundamental reasons as to why the dollar is in trouble long term and why the precious metals sector and the commodities sector stands to benefit from these dollar woes. The US has a massive current account deficit and it only seems to be getting bigger. Economists may play with the [...]
Filed under: Commodities, Credit Crunch, Debt Management, Deflation, Depression, Dooms Day, Economy, Gold, Inflation, Taxes, US Dollar, currency, economics | Tagged: Commodities, Depression, Dollar, Gold, Inflation, US Dollar | Leave a Comment »
Posted on November 26, 2009 by MoneyBob
WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation, aided by ultralow interest rates, may not last much longer. Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term [...]
Filed under: Bill Gross, PIMCO | Tagged: Bill Gross, Credit Crunch, Debt, Defcit, Deflation, Depression, Dollar, economics, Economy, Gold, Life, NY, NY Times, PIMCO, Stock Market, Thoughts, Work | Leave a Comment »
Posted on November 26, 2009 by MoneyBob
Putting Peter Schiff on a panel with St. Louis Fed President James Bullard and former Fed Vice Chair Alan Blinder is asking for trouble or, at the very least, a heated debate.That’s just what occurred last Sunday night in New York at an event sponsored by Princeton’s Business Today.Predictably, Euro Pacific Capital’s Schiff disagreed with [...]
Filed under: Credit Crunch, Depression, Dooms Day, Economy, Jokes, Thoughts, Treasury Department, US Dollar, economics | Tagged: Alan Blinder, America, Ben Bernanke, China, Debt, Deficit, Dollar, James Bullard, Peter Schiff, spending | Leave a Comment »
Posted on November 25, 2009 by MoneyBob
The economic recovery isn’t as strong as first thought. Revised GDP figures released this morning show the economy grew at a 2.8% annualized pace in the third quarter, less than the 3.5% initially reported. The revision was in-line with expectations but shows the economy didn’t have as much momentum heading into the fourth quarter as [...]
Filed under: Deflation, Economy, Gold, Interest Rates, Investing, Oil, economics | Tagged: Barry Ritholtz, Big Picture, Dollar, Fusion IQ, low rates, rates, Speculation, stocks | Leave a Comment »
Posted on October 26, 2009 by MoneyBob
The Dollar Index hit yet another 14-month low early Monday after a Chinese central bank official urged the PRC to diversify its reserves into more euro and yen. A stronger-than-expected GDP report in South Korea also put pressure on the greenback as traders expect other central banks to follow Australia’s lead and raise rates while [...]
Filed under: Inflation, MoneyBob Postings, US Dollar | Tagged: currency, currency trading, Dollar, economics, Economy, US Dollar | Leave a Comment »
Posted on October 12, 2009 by MoneyBob
Famed investor Jim Rogers is “quite sure gold will go over $2000 per ounce during this bull market.”Rogers’ confidence gold will continue to rally stems from a view the U.S. dollar is on its way to losing status as the world’s reserve currency.”Is it going to happen? Yes,” Rogers says. “I don’t like saying it [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Diamonds, Dooms Day, Economy, Gold, Inflation, Interest Rates, Investing, Jim Rogers, MoneyBob Postings, Oil, Retirement, Saving, Silver, Stagflation, Stock Market, Taxes, The Fed, US Dollar, Uranium, Work, Yahoo Finance, currency, economics | Tagged: Commodities, Credit Crunch, Deflation, Depression, Dollar, Dooms Day, economics, GLD, Gold, Inflation, Investing, Investments, Jim Rogers, Life, Marc Faber, Mortgage Debt, Stock Market, Thoughts, Work | Leave a Comment »
Posted on October 8, 2009 by MoneyBob
Stocks rallied to start the week thanks to a better-than-expected ISM services sector report and a Goldman Sachs upgrade of big banks, including Wells Fargo, Comerica and Capital One.But all is not right in either the economy or the banking sector, according to Christopher Whalen, managing director at Institutional Risk Analytics. In fact, Whalen says [...]
Filed under: Aaron Task, Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Dooms Day, Economy, Investing, Life, Middle Class, MoneyBob Postings, Retirement, Risk in Portfolio, Saving, Stagflation, Stock Market, The Fed, Thoughts, Treasury Department, US Dollar, Work, Yahoo Finance, economics | Tagged: Christopher Whalen, Depression, Dollar, economics, Economy, US Dollar | 1 Comment »
Posted on October 8, 2009 by MoneyBob
Stocks and commodities are on the rise today as the dollar falls. It’s nothing new or surprising.What is newsworthy is a report from the British newspaper The Independent claiming the dollar’s days might be numbered in the oil trading pits.The story says “secret meetings have already been held by finance ministers and central bank governors [...]
Filed under: Aaron Task, Debt Management, Deflation, Depression, Dooms Day, Economy, MoneyBob Postings, US Dollar, Yahoo Finance, economics | Tagged: Debt, Deflation, Dollar, US Dollar | 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 »
