Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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The Economic Collapse Blog runs wonderful articles on bad stuff that is threatening us. I love these articles, because the editor posts links to at least one article that supports his claim. These links are a treasure trove. The editor has a knack for assembling these links into one comprehensive summary. One after another, link [...]
Continue reading →The Bush tax reductions will expire on January 1 unless Congress and the President extend them this year. Dr. Arthur Laffer predicts that American investors will move their income into this year. Next year, the economy will “fall off the cliff.” Laffer says. In 2006, Laffer moved from California to Tennessee to escape the California [...]
Continue reading →David Stockman was Ronald Reagan’s first budget director. He resigned because he thought Reagan’s program would produce a huge deficit. He was right. Reagan is the father of the triple-hundred-billion dollar deficit. He thinks the U.S. federal debt is a disaster. It will produce an economic disaster. Stocks will fall. Bonds will fall. Taxes will [...]
Continue reading →One of the facts of the “new normal” is that the holding period for stocks is now down to two months. It was 10 years in the 1970s. The “buy and hold” strategy is defunct. This leads to greater market volatility. Robert Fitzwilliam of the Portola Group has warned: “The system is structured for chaos. [...]
Continue reading →MarketWatch is a conventional site for business news. That was why I was amazed when I read David Weidner’s assessment of the MF Global bankruptcy. He was open about the entire process. The company lost $1.2 billion. No one knows where it went. The headline: MF Global and the lie about safe accounts Commentary: Why [...]
Continue reading →A lot of Americans do not know how ownership of stocks is handled. They think they personally own the stocks in their portfolios. They don’t. There were investors in MF Global who thought they owned commodities. They didn’t. Consider this. Do you own gold and silver mining stocks? Or any stocks for that matter? Even [...]
Continue reading →Richard Russell has been writing about the stock market since the 1950s. He thinks we will see something like the Great Depression’s level of unemployment. He is a master of Dow theory as a forecasting tool. He uses other indexes. Here is one. . . . Buying Power since last February has been in a [...]
Continue reading →This video is worth watching, even though the sound is poor. (Why won’t people spend $25 on a lapel microphone?) Robert Powell, the expert on retirement investing, interviews a Boston University professor of finance. His warning: get stocks out of your portfolio.
Continue reading →I have known the Aden sisters for 30 years. They don’t seem to age much. They are famous for their research on all things related to gold. Here, they issue a yellow light. The past year was frustrating for many investors and with good reason. Nearly all of the markets were volatile and erratic, reflecting [...]
Continue reading →The Standard & Poor’s 500 index was flat, to the dollar, in 2011. That has not happened in 60 years. On Friday, December 30, the index was 1257.60. In 2010 at this time, it was 1257.64. This is statistically astounding. Yet the year was a roller coaster ride. Up, down, up, down” the investors never [...]
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