“I Think Mr. Bernanke is a Disaster”
Marc Faber - he outdoes himself every time he talks:
Marc Faber
Enjoy! Oh and a bonus, Bill Fleckenstein:
Bill Fleckenstein
Chris Grande
Update on the Socialist Experiment - “The Axis of Diesel”
A great article in the Economist follows up on my recent critiques of Chavez’s socialist experiment (HERE , HERE, and HERE) and in general on countries (Venezuela, Russia, Iran) who depend almost entirely on oil exports to fund their entire social welfare (I call it financial ‘crack’) program.
Check it out HERE: Economist Article
(Another article on […]
LACK of Education Breeds Socialism
(I’m still in San Francisco and the weather is very nice here!)
Watching the crop report some time back on CNBC brought my mind to wondering how the average person gets their financial/economic education. The crop report was NOT something that CNBC highlighted a couple of years ago. However, the recent run-up in commodity prices had […]
Dr Doom, Marc Faber, Speaks Again
Policymakers in the US need to “build capital” but this route is too “Painful” and therefore, they won’t do it. the US needs a ’serious recession;” This ‘drunk’ should not be given more alcohol!
See Marc explain again what needs to happen HERE.
Chris Grande
3 Criteria to Spot a Good Stock
As Peter Lynch, Warren Buffet, and others will tell you, a stock certificate is merely a piece of paper - but it represents an ownership stake in a business. Knowing this will go a long way to helping you understand how you should view investing.
Background Needed
Now, this article is not meant to be the […]
It’s a Sad Day When We Lament Savings
I was struck by two pieces of news data this week - one indicating lower levels of credit card spending and another indicating higher savings by workers in the last two quarters.
To the laymen, this looks like a good thing. The average American is saving more and spending less. But in the sick and twisted […]
Roosevelt’s Poor Planning Will Soon Blow Us Up
The Social Security Administration (SSA) announced a 5.8% increase in social security benefits for 2009 (See Yahoo Finance article HERE). Interestingly, according to the AP press release, the increase would have been higher had energy prices held up through September and October (now that’s a catch 22 eh?).
This is the LARGEST increase since 1982 - […]
Marc Faber on China
I’m still in San Francisco and will be here for a while. I’ll keep my usual posting volume of every other day or so but as is typical with me, if one of my favorite wise men makes an appearance on TV, I will post it. Here is Marc Faber on China and the recession […]
If Paulson, Bernanke etc Are Wrong Every Week, Why Are We Listening to Them?
Jim Rogers video - you have to watch:
Rogers on Bloomberg
Rogers on CNBC (same basic storyline but different interview)
He is feisty on this one - so amusing and very wise.
Chris
Speculation Caused By Low Rates” - Marc Faber
This is an excellent, long interview with Marc Faber (over an hour). I took notes on this. If you have a large nest egg and want to get a large dose of Dr Faber and get a real lesson, listen to this:
Faber Audio from Bloomberg
Chris Grande
Not Going to Say I Told You So - What To Do Now?
Hello everyone - I am writing to you today from San Francisco where I am visiting a couple of clients; and when I’m here, I always take the opportunity to visit 2-4 investment companies (SF counts many interesting investing companies as residents - some of the better known are Dodge & Cox and Barclays, along […]
Home Equity Loans - How Much Are We Taking Out Now?!!
The Answer: ALMOST ZERO!
Go to this brief article and check out the chart:
CR-Mortgage Equity Withdrawal
Since housing-related industries kept the economy afloat (e.g. home construction, real estate agent sales, mortgage broker commissions, Home Depot and Lowes-supplied projects funded by equity loans on homes, etc), YOU NOW KNOW WHY, LOOKING AT THIS CHART, WHY THE ECONOMY SLOWED […]
Marc Faber on the Market & Gold
Marc Faber spoke this AM on CNBC regarding his view of the current markets and the money printing being carried out by central bankers. It’s a short video but it is also good anytime he speaks:
http://www.cnbc.com/id/15840232?video=880660896
Chris Grande
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IRA Owners - Government’s Next Target
Perhaps it is because of slowing economics and the desire for people to forget their worries that Las Vegas was packed last weekend - at least it appeared busy to me as it was only my second visit. I was there for an IRA training workshop. and one thing I took away from the meeting […]
Rates Spike on Tuesday Provided a Preview for the Wary
Yesterday’s article from Multi Housing News on Tuesday’s rate spike got me thinking about the following thoughts…
Market behavior over the last few years has certainly been a case of Jeckyll & Hyde. Long periods of low volatility and smooth upward performance in the stock market lulled people into a dreamy state which turned into a […]