The Lunacy of Paul Krugman Saying America Will Wish It Was Japan

Posted by on Sep 10, 2010 in Economy | 0 comments

Lets look at what Krugman suggests the U.S. government should do, and what the consequences will be here vs. what Japan has done during their last decade plus of deflation.

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Is Gerald Celente Right About the "Crash of 2010?"

Posted by on Mar 23, 2010 in Economy | 4 comments

My point in critiquing Celente is on the timing of his "crash" prediction, not on whether or not there will be a crash. He will probably take credit for predicting the crash no matter when it occurs, but the reality of it happening in 2010 is a mystery to me, barring any external influences (like WWIII). I also take issue with his simplistic concept of bringing production (manufacturing) back home" and his "slave labor" comment which I'll address first.

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Zimbabwe Central Bank Trying to Do What Didn’t Work in the U.S.: Back Currency With Gold

Posted by on Aug 21, 2009 in Gold, Hyperinflation | 0 comments

A better question might be, can Zimbabwe learn from the U.S. failed attempt to back currency with gold and just as important, can U.S. citizens learn from the Zimbabwe crisis?

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The Banking Crisis is Far From Over

Posted by on Aug 17, 2009 in Economy | 1 comment

"Failed banks are weighing on FDIC" is the headline in tomorrow's Wall Street Journal. Banks are being taken over at an alarming rate thus far in 2009. Banks aren't lending so it is difficult for them to make a profit while at the same time they are trying to resolve their past lending decisions. Individuals are finding it difficult to secure loans with the more stringent FICO requirements. Increasing unemployment is making it difficult for many more to maintain their home ownership. As people who are now or soon to owe more than their house is worth decide to bail on home ownership, the bank will be left holding an unwanted, depreciating asset. This is occurring all at a time when banks may be forced to mark to market their assets, showing their real estate holdings value based on today's depressed prices thus revealing balance sheets that are becoming ever more weaker.

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Digger’s Friday Triple Play

Posted by on Aug 7, 2009 in Investing | 0 comments

Doug Digger Eberhardt's Top 3 Articles, Videos and Posts of the Week - Click on headline for full article

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