Posted on October 19, 2009 by MoneyBob
Stephen Roach: “The market is in for a rude awakening,” said the chairman of Morgan Stanley Asia, whose grim outlook seems to remain constant wherever he’s domiciled. “This will be an usually weak recovery,” Roach said. “The damage done to the system [will be] lasting – we are not even close to healing. It’s ‘game [...]
Filed under: Credit Crunch, Deflation, Depression, Dooms Day, Economy, Stagflation, Stephen Roach, Thoughts, economics | Tagged: Deflation, Depression, Economy, finance, Inflation, Investing, Recession, Stephen Roach | 1 Comment »
Posted on August 25, 2009 by MoneyBob
A highly influential American has finally hit the panic button about the tremendous mountain of debt the country is piling up.Last year, Warren Buffett says, we were justified in using any means necessary to stave off another Great Depression. Now that the economy is beginning to recover, however, we need to curtail our out-of-control spending, [...]
Filed under: Aaron Task, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Gary Shilling, Gold, Inflation, Interest Rates, Investing, Market History, Middle Class, MoneyBob Postings, Real Estate, Retirement, Risk in Portfolio, Saving, Silver, Stock Market, Taxes, The Fed, Thoughts, Treasury Bonds, US Dollar, Yahoo Finance, economics | Tagged: Economy, finance, economics, Inflation, Savings, Warren Buffet | Leave a Comment »
Posted on August 17, 2009 by MoneyBob
Yes, the late 2007-early 2009 market debacle was just a warm-up to what Prechter believes will be the bear market’s main attraction. In this regard, he says the current cycle will echo past post-bubble periods such as America in the 1930s and England in the 1720s, after the bursting of the South Sea bubble.The 2000 [...]
Filed under: Credit Crunch, Deflation, Depression, Dooms Day, Economy, Inflation, Interest Rates, Middle Class, MoneyBob Postings, Real Estate, Saving, economics | Tagged: Economy, Elliott Wave, finance, Robert Prechter, stocks | Leave a Comment »
Posted on August 17, 2009 by MoneyBob
Forget all the talk about the dollar being in terminal decline. The recent rally in the greenback is for real, says Robert Prechter, president of Elliott Wave International. The man who correctly predicted the 1987 crash and last year’s peak in oil prices now says we’re “going to be up for a year or two [...]
Filed under: Dooms Day, Economy, Interest Rates, Investing, Market History, MoneyBob Postings, Personal, Retirement, Risk in Portfolio, Saving, Stagflation, Stock Market, The Fed, Thoughts, Treasury Bonds, US Dollar, Yahoo Finance, economics | Tagged: Economy, Elliott Wave, finance, Robert Prechter, stocks | Leave a Comment »
Posted on August 17, 2009 by MoneyBob
Elliott Wave International founder, Bob Prechter thinks Krugman and Bernanke are premature in declaring victory over the credit crunch. Prechter, who famously predicted the 1987 stock market crash, tells Tech Ticker “the march towards depression, which is being fueled by deflationary trend, is pretty well intact.”So forget all you’ve heard about recovery and inflation, “we’ve [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Credit Freeze, Dooms Day, Economy, Inflation, Inflation Protected, Interest Rates, Investing, Market History, MoneyBob Postings, economics | Tagged: Deflation, Depression, Dollar, Economy, Elliott Wave, finance, Inflation, Robert Prechter, stocks | Leave a Comment »
Posted on July 24, 2009 by MoneyBob
Congressman Ron Paul is “very pessimistic” about the state of the economy, largely because – from his view – the Obama Administration “continues to do the things that created the problem in the first place.”Long a proponent of small government and a staunch opponent of the Federal Reserve system, Paul’s main point is that increased [...]
Filed under: Deflation, Economy, Inflation, Interest Rates, MoneyBob Postings, Yahoo Finance, economics | Tagged: business, economics, Economy, finance, government, Obama, politics, Ron Paul | 1 Comment »
Posted on November 28, 2008 by MoneyBob
Can Central Banks Go Broke? Fed Refuses To Disclose Collateral Composition And Recipients Of $2.8 Trillion Loans The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the U.S. GDP, to rescue the financial system since the credit markets seized up 15 months ago. Bernanke’s Fed is [...]
Filed under: Credit Crunch, Dooms Day, Economy, Nouriel Roubini, Retirement, Risk in Portfolio, Saving, The Fed, Treasury Department, US Dollar, economics | Tagged: Deflation, economics, Economy, finance, Life, Nouriel Roubini, Personal Thoughts, Recession, RGE Monitor, Work | Leave a Comment »
Posted on September 21, 2008 by MoneyBob
Sir John Templeton – said, “the best opportunities occurred at the time of maximum pessimism.” Warren Buffet – said, “be fearful when others are greedy and greedy when others are fearful.” Baron Rothschild, who made his family fortune buying up property when the Protestants and the Catholics were slaughtering each other, said, “Buy when blood [...]
Filed under: Credit Crunch, Dooms Day, Economy, economics | Tagged: business, economics, Economy, finance, financial quotes, Life, Money, money education, quotes | 1 Comment »
Posted on May 6, 2008 by MoneyBob
A CNN/Opinion Research poll shows that the nation is becoming more convinced the economy is in a nosedive. By Catherine Clifford, CNNMoney.com staff writer Last Updated: May 6, 2008 NEW YORK (CNNMoney.com) — A new poll shows that more Americans than ever before think the economy is in a recession. A national CNN/Opinion Research Corp. [...]
Filed under: Credit Crunch, Economy, economics | Tagged: economics, Economy, finance, Life, Personal, Personal Thoughts, Recession, Thoughts, Work | 1 Comment »
Posted on March 6, 2008 by MoneyBob
By Michael Patterson March 6 (Bloomberg) — U.S. stocks fell to an 18-month low, led by banks, after home foreclosures climbed to a record and loan defaults by Thornburg Mortgage Inc. and a Carlyle Group bond fund spurred concern that credit losses are deepening. Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co. [...]
Filed under: Economy, Investing, Market History | Tagged: economics, Economy, finance, Information, Investing, stocks, Thoughts, Work | 2 Comments »
