Blog > Archive by tag 'Addison Wiggin'
by Peter Schiff
Baltimore — (TFN): For those holding out hope that the American economy can miraculously avoid a long and deep recession, consumer credit is often viewed as the wonder drug that can cure all manner of economic ills. As such, this week’s report showing $15 billion growth in consumer credit was widely heralded as [...]
by J. Christoph Amberger
Baltimore — (TFN): When U.S. manufacturers and exporters lobbied the Bush Administration back in late 2001 to reduce the valuation of the US dollar against currencies like the yen and the euro (which was about to replace all individual national currencies in the Eurozone on January 2, 2002), the reply was that [...]
"The reality is that despite some genuine economic growth abroad, governments are creating so much inflation that food prices are raising anyway." — Peter Schiff
by Peter Schiff
Baltimore — (TFN): As the US economic ship continues to spring leaks, the goldilocks crowd still clings to the false belief that the Fed can easily keep us afloat [...]
Tags: Addison Wiggin, Bill Bonner, CITI, dr doom, finance, Financial, foreign buy-up of US assets, inflation, market, Merryl Lynch, peter schiff, stock market, US economy
Baltimore — (TFN): Given recent volatility and the prospects of lowered consumer demand from the States, should we continue to invest in China and India? Where is the US economy headed in 2008? William Bonner, founder of Agora Inc. and bestselling financial author, comments on the demise of the dollar, its effect on other [...]
Tags: Addison Wiggin, Bill Bonner, china, contrarian investing, daily reckoning, demise of the dollar, dollar, empire of debt, finance, Financial, financial reckoning day, global investing, India, International Investing, iousa, krista das, stocks, video
"In a bull market this strong, why meddle with options at all? Why not just buy gold and hold it? Well, firstly of course, only an idiot would put all of his money into a non-yielding asset – or so your financial advisor would say. (Just ask him yourself; he could probably do with a [...]
“Another 10% appreciation of the euro against the dollar would cost the European economies half a percentage point in economic growth. While manufacturers and exporters still are sitting on solid order backlogs, it remains to be seen if orders keep coming in when exchange rates alone are adding a 10% premium to European products…” — [...]
Tags: Addison Wiggin, Bill Bonner, decline, demise of the dollar, dollar, dr doom, empire of debt, euro, finance, Financial, hard money, peter schiff
“The rising euro is really destroying jobs, but hardly any attention is being paid to it anymore. It’s odd because the exchange rate is, at the moment, incredibly important for our continued economic growth.” — Peter Bofinger
Blogger’s Note: Peter Bofinger is one of the “Wise Men” that the German government relies on for accurate forecasts [...]
“An interesting way to play lighter, maintain something called currency shares. This is an ETF where they did you the favor of going and buying up British pounds. They’re storing them at JPMorgan in London, all right, and then they divvy it up and sell shares here in the U.S. market. You can hope to [...]
Tags: Addison Wiggin, Bank of england, bernanke, Bill Bonner, currencies, currency shares, decline of the dollar, dollar, empire of debt, ETFs, Fed, finance, Financial, pound, sterling, video
Today’sFinancialNews.com
Baltimore — (TFN): The Fed’s recent cut has increased the interest rate differential between the US dollar and other currencies. Smart Trading Action Alert’s host Laura Cadden has invited Wavestrength technical chartist Adam Lass too provide perspective just how low the dollar may fall… and how smart investors can leverage the differential between interest rates [...]
Tags: Addison Wiggin, Bank of england, bernanke, Bill Bonner, currencies, decline of the dollar, dollar, empire of debt, Fed, finance, Financial, pound, sterling, video