Harry Dent: Roller Coasters, Megaphones, Addictions and Comas—What Kind of Economy Is This?
Source: JT Long of The Gold Report (2/1/13)
Booms and busts in the economy are based on predictable demographic cycles such as those studied by Harry Dent, founder of HS Dent, chairman of SaveDaily.com and author of “The Great Crash Ahead: Strategies for a World Turned Upside Down.” In this Gold Report interview, Dent predicts a global crash between [...]
Max Keiser: 2013, Year of The Great Crash
Biderman’s Daily Edge: Expect Immediate Negative Impact From Higher Taxes
Grover Norquist – COMING – ‘$3 TRILLION TAX INCREASE ON MIDDLE CLASS’
“After raising taxes on the rich a little bit, the Democrats will come back for serious tax revenue,” he said. “In acts two and three, the Democrats will come back for the real money – an energy tax and a value-added tax that [...]
On This Date In 1929, The Black Thursday Selling Has Begun
Last week, the misty eyed reminiscences were recalling the 25th anniversary of Black Monday. Today, we look even further back. 83 years back to be precise to this date in hallowed antiquity, when in 1929 the selling had officially begun, with what would ultimately culminate as the Great Crash. Cue Art Cashin: “on this Thursday morning, the market opened nervous [...]
If the Dow performs from that level the way Japan has performed from its 1989 peak, the Dow will close at 2,400 in 2027. That’s down about 80% from today’s level.
Meanwhile, our broader market measure, the S&P 500, peaked at about 1,500. If the S&P 500 falls 80% from its peak, it will trade at about 300 in 2027.
Here’s an excellent chart from Doug Short showing the US market (blue) [...]
ETFs and derivatives may be fine for a trade or a hedge to a trade, but by no means are most of them that I have looked at worthy of a long term hold. I distinguish them by their opacity, leverage, and lack of transparent audits from legitimate physical trusts.
And some of the ETFs, especially in commodities and on the short equity side, appear to be almost fraudulent both in construction and representation, and [...]
Today Egon von Greyerz told King World News that dominos are falling daily and we should expect to see more chaos in the banking system, including failures. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Von Greyerz also said we are edging closer to panic and he expects this will accelerate the flow of funds into gold. Here is what Greyerz had to [...]
Chindia demand is still smokin’.
The US does not set the marginal crude price any more, it doesn’t waste ENOUGH!
A very high price (+ $147 Brent) would not last long as demand destruction would certainly follow. US economy is built around $20/barrel crude, not $120/barrel crude.
A high price (+ $128 Brent) would be a trend change and a short-term bull market in crude. What next? Demand destruction. Even w/o the euro-generated [...]
The Fed was conceived in 1913… Besides the funding (of both sides) of WWI & the Bolshevik Revolution… The Great Crash (on Wall Street happened in October 1929 ~ though insiders were advised to get out as early as February that year)…
That’s 14 years…
- a decade later the World was at War (funded by bankers on both sides)
- fifteen years after that war was concluded, the war in Vietnam began the [...]
Watch the latest video at video.foxbusiness.com
For a year, a commission established by the U.S. Senate Committee on Banking, Housing and Urban Affairs has supposedly been investigating the causes of the Wall Street Crash.
Initially, the investigation” is little more than a whitewash. The first two commission counsels are fired and the third resigns in protest because there is no power to subpoena witnesses, which makes the whole exercise a bit of [...]
by Charles Hugh Smith from Of Two Minds
Chart Of The Week: Stocks Are Overvalued
A chart from dshort.com of the Q-Ratio suggests stocks are remarkably overvalued.
You won’t hear anything about it from the mainstream financial media or the Federal Reserve, but this chart is screaming “stocks are extremely overvalued.” Please visit dshort.com’s excellent overview Market Valuation: The Message from the Q Ratio for additional charts of the Q [...]
Love it or hate it, TARP made money on most Wall Street investments and cost less than expected. Though it may have staved off financial disasters, it treated too gently the people who presided over the disaster, Simon Johnson says. “The bankers were not even embarrassed by what happened.”
The Troubled Asset Relief Program, or TARP, is over â€“ more specifically, its legal authority expires on Sunday, so [...]
HAPPY GANN DAY! It doesn’t appear on any calendar, but Sept. 22 is known among aficionados of various and arcane market indicators as the day pinpointed by the late technical analyst, W. D. Gann, when markets are more likely to reverse than any other day of the year.
For some reason, stocks, commodities and currencies have a curious tendency to make major tops or bottoms on [...]