Unemployment at 25% — Richard Russell

Written by Gary North on January 6, 2012

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 […]

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The Biggest Bailout of All Time Is Coming

Written by Gary North on November 30, 2011

The big banks of Europe are facing disaster if Italy defaults. Unless the European Central Bank starts inflating, and soon, Italy will default. Will Europe let the banks go under? I doubt it. The leaders will finally save the system by bailing out the banks. That is the problem. David Weidner explains. If you understand […]

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European Bank Run: Here Comes Recession

Written by Gary North on November 23, 2011

When The New York Times has figured it out, it’s real. This story reports on what amounts to a run on the banks. Rich investors are selling PIIGS bonds, pulling out of PIIGS banks, and fleeing for safety. This forces up interest rates in PIIGS countries. This forces banks to raise rates to borrowers. This […]

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