Oct
28
2008

Iceland vs. USA Economic Analysis

Iceland is in the midst of a crisis and raised interest rates today from 12% to 18%. The Iceland currency, the Krona, which has already lost half its value since January, and has been closed to trading, opened trading today and according to CNBC lost half its current value “boom, just like that.” But if you look at the economic …

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Oct
22
2008

The Demise of GM and How the U.S. Is On the Same Course “As GM Goes, So Goes the Nation”

I truly believe a year from now we’ll have many of the answers we’ve all been waiting for. I choose a year from now because once this Presidential political distraction is over with, and we’ve had another year of the continued crack up from the sub-prime mess and more bank failures, and more fed intervention (GM, Ford, possibly the airlines, …

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Sep
18
2008

The Fed Is Relevant…. For Now…. However…..

Is the Fed relevant or do they cause more harm than good? The answer is “yes,” they are relevant, as long as people still think the Fed is relevant. The real question that needs to be answered however, is how much longer can the Fed keep playing this game and pulling the wool over the People’s eyes? The Fed uses …

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Sep
18
2008

Did you hear the other government rumor about gold?

Did you hear the other government rumor? Alchemist finds a way to produce unlimited amounts of new gold at essentially no cost. I’m just waiting for that one…. (Bernanke even made reference to it with a parable in his 2002 speech.) Here’s what he also said in that 2002 speech; “Like gold, U.S. dollars have value only to the extent …

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May
7
2008

If It Smells Like A Recession…

The “only” thing that has kept this economy going is the housing run-up caused by the Fed’s manipulation of interest rates lower causing consumers to find new money via equity from their homes and now the only thing keeping it going is massive infusion of the money supply by the Fed which is propping up the stock market…again.

How long can the game continue is the only question….

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