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 developers of Rancho Santana, are rapidly becoming masters at putting together alluring real estate deals. And this one’s no exception. You’ll want to secure a $36,000 lot in this premiere Pacific beachside community.’ – Margaret Summerfield
by Margaret Summerfield, Pathfinder Ltd.
Right now there’s a scurry of investors making their way to Nicaragua’s South Pacific [...]
"The American consumer is losing his ability to consume. So now we go back up the supply chain, and you find that all of the sudden you don’t need so many ships bringing in stuff. Those ships don’t need to burn so much oil. You go to China and you find the factories (…) don’t [...]
Baltimore — (TFN): In this Special Edition of Smart Trading, “Market Outlook 2008,” bestselling author Bill Bonner discusses the global economic crises and opportunities with TFN president J. Christoph Amberger. This is the longest and most in-depth interview Mr. Bonner has ever granted. He covers western monetary policy, the outlook for US real estate, China [...]
"In terms of real money - gold - oil is still cheap. Then again, in terms of real oil, gold is cheap. In terms of anything real, everything else is realistic." — Bill Bonner
Blogger's note: Popular Daily Reckoning contributor Bill Bonner sent out this insightful and entertaining article today. According to Bill, the [...]
Tags: Bill Bonner, Commodities, commodities investing, daily reckoning, Gold, gold investing, gold prices, gold rises, housing collapse, housing market, housing prices, housing slump, investing in resources, land investing, oil, oil $100, oil $100 barrel, oil versus gold, oil vs gold, resources, soybean, soybean investing, soybean prices
If you missed last week's TFN financial news coverage, here a few of the highlights!
by J. Christoph Amberger Baltimore — (TFN): The first trading week of the new year began quite ominously, with a substantial drop in the American stock indexes. This meshed well with some of our most popular TFN contributions this week… [...]
Tags: amberger, Bill Bonner, china, China IPOs, daily reckoning, dollar decline, finance, financial video, forecast 2008, initial public offering, krista das, outlook 2008, peter schiff, Shanghai, stocks
'If I’m right about what’s going on, we’re heading into the downside of a growth period. What investors should be worried about is how not to lose money. The investor that comes out best is the investor who loses least.' – Bill Bonner, founder of Agora Inc. and co-author of Mobs, Messiahs, and Markets
Baltimore – [...]
"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
"How is it that a reasonably intelligent man can perfectly well drive through traffic without killing himself, but ask the same man his thoughts on global warming, the war on poverty or public education… and what you get is such preposterous nonsense you can barely believe your own ears?" — Bill [...]
Tags: Bill Bonner, daily reckoning, global economy, globalization, housing, media, national media, nationalization, poverty, poverty line, public education, substandard housing
"Tax hikes will suffocate economic growth and domestic demand, resulting in a widespread relocation of US economic bellwether companies offshore." — J. Christoph Amberger
by J. Christoph Amberger
Baltimore — (TFN): I'll be the first to admit that I was wrong. Based on the fall surge in the markets, I had pegged the Dow Jones Industrials [...]
Tags: amberger, Bill Bonner, daily reckoning, democrats, economic growth, economy, finance, Financial, forecast 2008, iousa, market outlook, property prices, Real Estate, subprime, tax policy, taxes
Baltimore — (TFN): Most of our colleagues in the financial newsletter industry took a well-deserved breather from e-mailing fresh new financial analysis to you, some since the Friday before Christmas. It's not like anything groundbreaking could possibly be happening in the financial markets anyway between Christmas and New Year, right? Apart from the occasional political [...]
"The feds try to artificially increase the supply of cash and credit… so as to avoid correcting mistakes." — Bill Bonner.
Blogger's Note: Our friend Bill Bonner of The Daily Reckoning published a good article on the current credit crisis. Bill has some interesting things to say about the U.S. market situation and the [...]
Tags: Bank of england, Bill Bonner, central bank, credit crunch, credit meltdown, daily reckoning, dow, federal reserve, interest rates, market downturn, pumping money, subprime default, subprime meltdown, the fed
"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 [...]
Baltimore —(TFN): We've asked Bill Bonner, financial bestseller author and chairman of Agora Inc., to destill the impressions he has gathered surveying his global media empire… and tell TFN viewers what he thinks we'll be in for during the coming twelve months. Bill analyzes the roots of the global crisis, the role of debt [...]
Baltimore — (TFN): Hurricane forecasters were wrong again with their 2007 forecasts of killer storms hitting the United States. It is beginning to look as if they are just as accurate as forecasters of US financial collapse: US GDP growth just came in at multi-year highs… despite subprime and real estate crisis. J. Christoph Amberger [...]
“We suspect that construction and infrastructure and engineering stocks are going to have a good 2008 with all this spending in the pipeline. And not just in Australia.” — Dan Denning
by Dan Denning, Daily Reckoning Australia and TFN
Blogger’s Note: We saw this piece on the site of the Daily Reckoning Australia. If you don’t believe [...]
Tags: bhp, Bill Bonner, daily reckoning, engineering, finance, Financial, infrastructure, pipeline stocks, Rio Tinto, Saudi Aramco, WorleyParsons
“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
“When the price of gold goes up, the value of the stuff that buys it – paper – goes down. People are buying gold because they fear inflation is going to get worse. Typically, gold holds its value in an inflationary trend.” — Bill Bonner
by Bill Bonner, Daily Reckoning Australia and TFN
Blogger’s Note: Its it [...]
Tags: assets, Bill Bonner, Commodities, daily reckoning, dollar, finance, Financial, Gold, inflation, oil, resources, stocks