Posted on July 1, 2010 by MoneyBob
President Obama is having a rough go of things lately. As noted here last week, for the first time in his presidency, more Americans disapprove of Obama (48%) than approve of him (45%), according to the latest WSJ/NBC poll. And 62% say the country is headed in the wrong direction.“The American people are right,” says [...]
Filed under: Credit Crunch, Debt Management, Deflation, Depression, Dooms Day, Economy, Foreclosure, GDP, Howard Davidowitz, Income, Life, Obama, Personal, Saving, Stagflation, Taxes, Thoughts, Unemployment Rate, currency, economics | Tagged: Work, Life, Debt, spending, Fraud, Barrack Obama, President. Obama, Government Spending | 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 October 15, 2009 by MoneyBob
NYC Commercial Real Estate Wreckage Here’s the scary thing about the commercial real estate situation: It’s not even starting to get better, actually — Things are still getting worse faster says Moody’s. The Moody’s Delinquency Tracker (DQT) measured a 41 basis point increase in the month of September. The DQT now stands at 3.64%. This [...]
Filed under: Credit Crunch, Credit Freeze, Deflation, Depression, Economy, Howard Davidowitz, Real Estate, Stagflation, economics | Tagged: commercial real estate, Jobs, Life, nyc, Real Estate, Work | 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 12, 2009 by MoneyBob
Jim Rogers, famed investor and best-selling author, announced the start of a global commodities rally in 1999. It turned out to be a heck of call: Since then, commodities have dramatically outperformed stocks. Just this year, gold has hit record highs above $1000 per ounce, copper has nearly doubled and oil has rallied sharply off [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Gold, Inflation, Investing, Jim Rogers, MoneyBob Postings, Yahoo Finance, economics | Tagged: Commodities, corn, cotton, economics, Gold, Jim Rogers, Life, Oil, Silver, Thoughts, wheat, Work | 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 »
