California & Congress Implement Discredited Depression Era Policies
Irony Everywhere
Supposedly we learned certain lessons from the depression of the 1930’s. Experts agree that two of the worst policy decisions during the depression were to raise taxes and erect trade barriers.
Knowing that something is wrong and [...]
Nikkei - Black Hole Or Buying Opportunity?
Has Japan Been Pulled Into A Black Hole?
According to Einstein’s theory of general relativity, a black hole is a region of space in which the gravitational field is so powerful that nothing, including electromagnetic radiation can escape [...]
Government Bond Buyers Demand Higher Yields
Massive Government Borrowing Raises Repayment Doubts
As governments worldwide attempt to sell massive amounts of debt, investors are beginning to question whether they are being properly compensated for default risk. The assumption that government debt is risk free [...]
Stanford Financial Investigated
Investors Flunk “Too Good To Be True” Test Again
“You only find out who is swimming naked when the tide goes out” - Warren Buffet
The tide has been going out for several years now and we are discovering [...]
Notable Links - Gold’s Tipping Point, US Follows Japan’s Failed Strategy
Some Clear Thinking On Credit And Government Policies
Confidence More Important Than Gold
by Axel Merk | February 11, 2009
In a rare interview with Western media, Wen Jiabao, the Chinese premier, told the Financial Times (see http://www.ft.com/wen),
[...]
Notable Links
Living Beyond Yours Means - California’s Economy Gets Worse
California’s Pain Is Only Beginning
BIG SUR, Calif. — As Sacramento squabbles over the state’s $42 billion deficit, Californians are getting a bitter taste of what’s to come after the [...]
Banks Restrict Mortgage Lending To A+ Customers Only
Latest Changes Eliminate More Borrowers From Mortgage Market
As written previously, for those without impeccable credit, adequate income and loan to value below 70%, the low advertised rates are not available. See All Time Low Rates For A++ [...]
Is The Economic Panic Justified?
Act In Haste, you know the rest…
How many of us have had a make a fast decision when panicked or stressed? How many times have we heard, “I wish I had thought things out a little [...]
Saks “Gets It” - Starbucks Not Quite There
Brutal Days For Retailers
Retailing has suddenly become a lot more complicated than simply planning how many more stores to open next year and projecting sales increases. Today, the toughest job is surviving. Job losses, pay cuts and [...]
