Archive for August 24th, 2010

Peter Schiff: Bonds Are The Mother Of All Bubbles And Losses Will Dwarf The Stock And Property Bubbles Combined

Tuesday, August 24th, 2010

Vincent Fernando, CFA BusinessInsider.com Aug. 24, 2010 Peter Schiff, famous for issuing warnings ahead of the recent U.S. property crash, doesn’t have kind words for the recent U.S. treasury rally. “The bond market is the mother of all bubbles right now and I think when it bursts the losses will dwarf the combined losses... »

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It’s Clear: The Failure Of European Austerity Is Going To Be A Huge Story This Fall

Tuesday, August 24th, 2010

Joe Weisenthal BusinessInsider.com Aug. 24, 2010 Back in December of 2009 we predicted that the possibility Euro breakup would be THE big story of 2010, and through the first half of the year it definitely was. The Eurozone didn’t breakup, but the seriousness with which people were talking about this possibility would have shocked... »

Posted in Economics, Government Evil, New World Order | No Comments »

Housing’s Second Leg Down

Tuesday, August 24th, 2010

by PAUL JACKSON HousingWire.com Monday, August 23rd, 2010 Home prices have fallen 34% from their peak in the middle of 2006, according to Standard & Poor’s HPI data — but is that enough? Or is there further to go? How much further could we fall? It’s worth noting that the question of what happens... »

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Americans Using Their Rainy Day Savings to Live

Tuesday, August 24th, 2010

RebelTraders.net Recently I commented on the outflow of money from mutual funds and the increase in 401K hardship withdraws. Today the New York Times carries the story further by stating that investors have simply given up on the stock market. While this may indeed be true that investors simply don’t trust it anymore, and... »

Posted in Civil Unrest, Economics | No Comments »

CFR: China Poised to Shock the Oil Market And Its Possible Consequences for Hyperinflation

Tuesday, August 24th, 2010

Jesse’s Café Américain.com I found this paper published by the Council on Foreign Relations to be a plausible argument in favor of the exhaustion of cheap oil, also known as Peak Oil. This growth in Chinese oil consumption into the ‘knee of the curve’ given its growing per capital income could very well cause... »

Posted in Economics, Oil | No Comments »

Global Shivers Mean That Nobody Escapes the Worsening Economic Cold

Tuesday, August 24th, 2010

By IRWIN STELZER WSJ.com AUGUST 23, 2010 The U.S. economy grows smartly—at an annual rate of 5.6% in the last quarter of last year—but when the final figures are in America will have recorded a growth rate of less than 2% in the most recent quarter. Meanwhile, in that recent quarter Germany grew at... »

Posted in Economics, New World Order | No Comments »

The taxman cometh: higher taxes in 2011 will retard economic growth

Tuesday, August 24th, 2010

By Palash R. Ghosh IBTimes.com August 23, 2010 Prospects for higher taxes in 2011 and beyond will retard the pace of economic recovery in the U.S. Milton Ezrati, senior economist and market strategist, said that the tax increases both planned (and threatened) by the current administration over the next few years will likely cut... »

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The Dawes Premonition

Tuesday, August 24th, 2010

By Dan Denning TheDailyReckoning.comAugust 24th, 2010 When a blind mathematician exits the market because an ominous technical omen indicates a crash ahead, what do you make of it? Last week the whole internet was abuzz with the phrase “The Hindenburg Omen.” The “Omen” is actually a convergence of technical and momentum indicators which, when... »

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Free Roger Clemens and All Other Political Prisoners!

Tuesday, August 24th, 2010

by William L. Anderson LewRockwell.com The New York Times and all of the usual mainstream media outlets were blaring out the news that the Obama Department of “Justice” had indicted former perennial all-star pitcher Roger Clemens on charges of “lying to Congress.” Indeed, with the DOJ actively pursuing cycling legend Lance Armstrong allegedly for... »

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Who Cares About Our Future?

Tuesday, August 24th, 2010

by Walter E. Williams LewRockwell.com My column titled “What Handouts to Cut?” created a number of angry responses, and for the first time in my life, I had some, not much, sympathy for political cowardice. Most letters were from senior citizens angered by my suggestion that they were receiving handouts and those handouts be... »

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