All Entries in the "Economy" Category
Ron Paul Gets No Respect
I get more hits on my site for the term “Ron Paul” than any other by 5X. Strange for a financial website – maybe not since money and politics are so interrelated. If you don’t believe me just look at the amount of wealth that was destroyed by the “bone-headed” move the Canadian government made in November. By [...]
DOW 13000 – Whoo Hooo!
In spite of all of the big hoopla, the DOW simply isn’t what it used to be.
Source: Peter Schiff
Despite its recent eclipse of 13,000 the Dow now buys 30% fewer euros than it did then back in 2000 when it was priced at approximately 11,500. It also buys 35% fewer gallons of milk, 40% fewer bushels of corn [...]
Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
I paid 55 bucks to fill up my car this weekend. That’s only going to cover 3/4 of a tank soon. Looks like it is time to bulk up on Oil Company stocks. That will more than cover the increased gas expenses.
April 23 (Bloomberg) — Whether it’s $50 to fill up your Prius or $130 [...]
The Federal Reserve Monopoly over Money
Source: Ron Paul’s Texas Straight Talk
April 9, 2007
Recently I had the opportunity to question Federal Reserve Chairman Ben Bernanke when he appeared before the congressional Joint Economic committee. The topic that morning was the state of the American economy, and many of my colleagues raised questions about how the Fed might better “regulate” things to [...]
Subprime Mortgage Problem Contained? Give Me a Break!
I think that some heads are going to roll when Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson are forced to admit that the subprime mortgage problem is not contained. In my previous professional life, I worked as a sales person for a software company. We as sales people were often referred to as [...]
Who’s To Blame For the Housing Mess?
It’s all over the news subprime lenders are imploding left and right. The net result is tighter lending standards that eliminates many new buyers and affects the trade-up market. What happened to the good old days when a person with a $60K job could afford a $600K McMansion? Obviously there is plenty of blame to spread [...]
Ron Paul – Monetary Policy is Critically Important
Ron Paul is one of the few in Congress that really “gets it.” He has filed to run for the Presidency in 2008, but has been really quiet since filing. I wish that he would pick up the pace, because he is one who could make a difference.
Source: Texas Straight Talk
February 19, 2007
Federal Reserve Chairman [...]
Subprime Lenders Starting to Explode
During the housing boom, many banks devised “creative” loans allowing people to borrow money with no down payment and pay low interest rates for the first few years on adjustable mortgages. Now, as interest rates reset higher, more borrowers are missing payments stressing the lender’s books. Remember this article from a month ago – Subprime Lenders Gone Too [...]
The U.S. Dollar Fundamentals Stink
The following two articles highlight the poor fundamentals of the U.S. Dollar. What are you doing to protect your wealth?
Countries and Industries with Tailwinds
by Monty Guild, Tony Danaheur
The authors use a scoring system to measure the fundamentals of the U.S. Dollar and break it into its short-term, intermediate-term and long-term components.
Short-term currency valuation indicator: Real interest rates [...]
Next Move in Interest Rates is Down
No one says it quite like Peter Schiff.
“December’s larger than expected jump in non-farm payrolls is predictably being touted as evidence of a more vibrant U.S. economy. Unfortunately, the data does not support this conclusion. The bloated service sector added 178,000 jobs, while manufacturing shed another 12,000 jobs. What this means is that 178,000 more [...]
