The Fundamentals of Commodities Are Unimpaired-Rogers
Great interview of Jim Rogers:
Video
Notice I don’t post videos of Bernanke, Paulson, Obama, Greenspan, Bush or any other economic ignorant. Notice how often I post Jim Rogers and Marc Faber. I really hope my repetition is sinking in on you.
Bonus: Marc Faber audio (”recession will be worst since 1930’s”)
Chris Grande
San Francisco Real Estate
Hey everyone,
I’m off to SF again promoting our ETF 401(k) that we’ve helped to develop. While there, I will get a guage on real estate. Last time I was there (October) the headlines were reporting increasing layoffs in tech land. In fact Google was reported to have ordered a hiring freeze (see the rumors, ironically […]
Jim Rogers - On Investing, Economics, Obama, Taxes, Oil, Etc!
On his latest Bloomberg interview, Jim Rogers discusses:
Investment ideas - “yen,” “the fundamentals of commodities are unimpaired,” “we may be facing a world where people can not get food at any price,” “China,” “Taiwan,” “Bonds…US will default on its debt next year”
Economics - “Oil…down 25% in a week is usually a selling climax…I bought it”
Politics […]
Wow - Quarter Past Zero Hour
I shared an article featuring Bill Fleckenstein’s thoughts on Marc Faber’s discussing “zero hour” - the point when monetary stimulus no longer spurs growth but merely causes inflation. Since then, inflation began rising until a “little” credit crisis derailed that streak.
“It Will Be Lost Anyway…By the TaxPayers”
You know that if Marc Faber, Jim Rogers, Bill Fleckenstein, or the like show up on TV, I am going to make sure you see it. Here’s Marc Faber in his usual good form. Great quote from the video:
“In my opinion to do nothing would be the best option…
A “Picture” of the Auto Market
Click here for a fantastic visual on our current auto market. By the way, the auto execs (from GM, FORD, Chrysler - 3 companies from which NO ONE under age 50 buys a car unless it’s from a relative on the cheap) testified before Congress yesterday in addition to the many auto dealers that were […]
People Just Don’t Understand the Problem with GM
I just read the headline on Yahoo finance that the United Auto Workers (UAW) will not offer any more concessions in their contracts with the “Big 3″ automakers.
Article
My favorite line in the article is this:
“Greenspan Took the Socialist Approach”
As a follow up to my response to Charles Wheelan in my last post, who tried to claim that capitalism had failed the market because “free market Greenspan” had failed, I am posting a good interview with Jim Rogers where he covers this quite efficiently as well as outlines many of his other thoughts on
My Response to Charles Wheelan
Charles Wheelan, PhD posted this article on Yahoo Finance Friday Oct. 24 entitled “The Twilight of the Free Market.”
Article
In this article, he argues that the “free market” philosophies of the Greenspan Fed period have brought about the end of the era of a free market. For those of you angry about the recent financial […]
Stossel Explains a Free Market Perfectly
I don’t watch much TV so I did not see this last year. It talks about how a free market system allows growth and personal advancement and how we steal the best talent from other countries because their regulations stifle and drive away entrepreneurs who come here and create companies:
Stossel - Is America Number […]
“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 […]
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
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 - […]