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The End of the Road for Technology Sector Profits

Written by Gary North on November 21, 2011

I have read John C. Dvorak for about 28 years. He is perhaps the best-known commentator on all things PC — personal computers. He is always controversial, but he is very well-informed. In his latest essay, he warns that the era of the PC is coming to a geriatric phase. This has been predicted since […]

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System D: Where The Tax Man Never Comes

Written by Gary North on November 18, 2011

“System D” is the new term for black markets. Black markets around the world are growing. The estimate is that it accounts for $10 trillion worth of production. I think this is a low-ball estimate. System D accounts for far more. The heart of these markets is secrecy. If you think you can measure it, […]

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Europe Is on the Knife’s Edge

Written by Gary North on November 16, 2011

There is a bank run going on. The targets are Italian banks. Rich people are selling Italian bonds and buying other assets. Italy’s debt is huge. Its bonds constitute a quarter of bonds held by European banks. Only Germany has issued more bonds — just barely. Italy has issued more bonds than France. You can […]

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In Need of Repairs: Profits Collapse at Lowe’s

Written by Gary North on November 16, 2011

Profits at Lowe’s, one of the two major home repair suppliers, fell by 44% in the third quarter. Lowe’s sells to customers who are improving their lifestyle by upgrading their homes. This is necessary when selling a home. But homes are still not selling. Owners are out of money to make repairs. They sense that […]

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