Tag: dollar bear

 

Dollar Bear: No rebuilding without a clear slate

Published on September 26, 2008

Sadly, Americans now appear willing to abandon their economic heritage at the first sting of financial pain. Although passage does seem inevitable, it is nevertheless the wrong thing to do. Central government planning did not work in the Soviet Union and it will not work here. Only free market forces are capable of sorting through the mess. Political meddling will make the problems worse.

Dollar rebound: China intervenes in currency markets

Published on September 8, 2008

There may be pressure building. But with investors spooked, chances are the IPO market will remain as dead as Kevin Federlines singing career.

Dollar Bear: Don’t Believe Bernanke

Published on July 17, 2008

“The move is inconsequential. The harsh realities have not changed in the slightest, and the dollar is set to continue its overall decline.” — John Browne, Euro Pacific Capital
by John Browne
Baltimore – (TFN):  This week, we were treated to strong statements by both Treasury Secretary Henry Paulson [...]

The next big government spending spree

Published on June 11, 2008

No one should be fooled that this government-led effort will finally wean us from our dependence on foreign oil, rid the planet of its environmental woes, and supercharge the economy in the process. Instead, it’s simply a recipe for more bureaucracy and higher inflation. Have we all forgotten how the “Guns and Butter” of the 1960’s led to the stagflation of the 1970’s? Our politicians are banking on it.

Dollar Bear torpedoes the Fed’s “Strong Dollar Policy”

Published on June 6, 2008

When the dollar keeps falling a chorus will swell to demand that the Fed put teeth in its new policy. If Bernanke does nothing the world will finally see a naked emperor and the dollar’s decline will turn into a rout. If, on the other hand, the Fed raises rates to defend the dollar, and only a short term bounce results, then all remaining confidence in the Fed’s ability to support the dollar will evaporate as well. This is probably Bernanke’s greatest fear and is likely the main reason he waited so long before mentioning the dollar. The fact that he felt compelled to do so now likely means he knows the game is coming to an end.

Dollar Bear takes on inflation hunters at the Fed

Published on June 5, 2008

realize that the U.S. dollar is destined to continue along its long-term decline line. We should expect the Fed to add strong anti-inflation talk to their strong dollar talk, while actively following policies that will have the opposite effect.

Dollar Bears should not be afraid to buy gold

Published on May 30, 2008

I have been buying gold and gold stocks for myself and my clients since 1999 and not once did I buy out of fear. In fact, from my perspective, the only fear I’ve observed in the gold market is from those who have been too afraid to buy.

Dollar Bear takes on the Statistical Battle Ground

Published on May 29, 2008

by John Browne
“Although it is standard procedure for governments to soothe their citizenry with placebo politics to avoid panic and uprising, there is a line after which such a campaign is counterproductive. In fact, misleading statements about financial security are potentially dangerous to the country’s long-term economic well being, and potentially toxic to investors.”

Dollar Bear: It’s not oil, it’s the dollar crisis

Published on May 23, 2008

by Peter Schiff
Baltimore — (TFN): It’s unfortunate that the Supreme Court, ruling that U.S. currency is unfair to the blind, did not make the next logical step and declare it unfair to everyone who buys gasoline.
In their search for explanations as to why oil has surged past $130 per barrel, Washington, Wall Street, and the [...]

Dollar Bear: China’s Simple Solution

Published on May 16, 2008

Baltimore — (TFN): As China grapples with the consequences of its devastating earthquake, it is finally confronting the destabilizing forces bubbling up beneath its economic landscape. This week, several key Chinese officials, usually not known for their candor, conspicuously noted the need to both stimulate domestic consumer spending and bring down roaring inflation. While [...]

Dollar Bear: The Ticking Credit Card Bomb

Published on May 9, 2008

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 [...]

Food Prices: The road to revolution?

Published on April 30, 2008

by John Browne, Senior Market Strategist Euro Pacific Capital
Baltimore — (TFN): Last week, food shortage became an American reality. Costco, Wal-Mart and other food stores limited the purchase of certain food staples in bulk form. Purchases of rice in California and of oil and flour in Queens were restricted. Customers were angry, voicing strong concern [...]

Dollar Bear: Why not let the markets decide

Published on April 25, 2008

“Colleges and universities would simply be forced to offer affordable tuitions or go out of business—just the way they used to back in my father’s day. Similarly, if the government allowed real estate prices to collapse, Americans would not have to take on so much debt to buy houses.”
—Peter Schiff
by Peter Schiff
Baltimore — (TFN): Those [...]

Recession 2008: GE’s Warnings Show how the Crisis is Spreading

Published on April 14, 2008

By John Browne, Euro Pacific Capital – Senior Market Advisor
Baltimore — (TFN): Last week, General Electric — one of the finest companies in the world and an American icon — announced a major fall in earnings. Amazingly, the bad news surprised Wall Street. GE shares fell 13 percent in a single day. Some surprise!
GE is [...]

Dollar Bear: Hyperinflation meets the next Great Depression

Published on April 11, 2008

“Although Bernanke may have spent much time studying the Great Depression, his understanding of it is anything but sound. That epic “slowdown” resulted from a series of policy mistakes, first by the Federal Reserve and then by the Federal Government. Bernanke believes these mistakes were simply not large enough.” — Peter [...]

Dollar Bear: The Fed’s assault on the free markets

Published on April 4, 2008

by Peter Schiff
Baltimore — (TFN): Those blindsided by the recent financial meltdown are now loudly blaming the free market for its failure to police its own excesses, and are calling for greater regulation to prevent future disasters.
But for those who clearly observed the problems developing (in high-definition slow motion), the blame can be directed squarely [...]

Hyperinflation: The Fed is setting the stage for the next bubble

Published on April 2, 2008

by John Browne
Baltimore — (TFN): On March 31, Treasury Secretary Hank Paulson announced the laying of the government’s foundation stone for the next big financial bubble, heralding an era of hyperinflation and probable further runs on the U.S. dollar.
Of course, like most politics, there is usually a good reason and a real reason for actions. [...]

Dollar Bear: The rich are getting poorer

Published on March 13, 2008

by John Brown

Baltimore — (TFN): As our consumer-dominated economy faces the threat of imminent stagflation (economic recession and financial inflation at the same time), its negative effects will not be limited to the poor. Many get-rich-quick investors also will become poorer! The combined effects of recession, falling asset prices, insolvency, inflation, and a falling dollar are set to have a sometimes devastating effect on the real value of many…

Dollar Bear: “They still don’t get it!”

Published on March 7, 2008

by Peter Schiff 

Baltimore — (TFN): Prior to my last appearance on CNBC in October 2007, I had made more than 50 appearances on the network over the prior two years. In those segments, I repeatedly exposed the superficiality of our prosperity, described the American economy as a “house of cards”, pointed out that borrowing and spending were a ticking time bomb rather…

Dollar Bear: Inflation is United States’ top export

Published on February 22, 2008

by Peter Schiff
Baltimore — (TFN): Unfortunately one of the few things still made in America is inflation.  In fact, it now ranks as our greatest export. A significant by-product of the current global economic system, wherein Americans spend money they do not earn to buy foreign products that they do not make, [...]

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