All Entries in the "Economy" Category
The U.S. Dollar is the Week’s Biggest Turkey
Unless you are an American that travels abroad frequently, the state of the dollar isn’t something you give much thought. However, the dollar will start garnering more of your attention if there are more weeks like the past one. Last week the dollar lost 3%, 2.2%, 2% and 1.8% versus the Swiss franc, euro, British pound [...]
Housing Free Fall Turning into Meltdown
Another person refusing to smoke the good stuff making its way around Wall Street. More warning signs – this time from Nouriel Roubini. “For the last few weeks and months I have been writing dozens of detailed notes and blogs rebutting the utter nonsense that has been spewed – based on little or no data [...]
Don’t Bet on Gridlock
Just when I was starting to feel good about the potential for gridlock Peter Schiff throws a money wrench into the situation. Many of the pundits have been saying that gridlock is good and will prevent Washington from passing any legislation that will adversely affect the markets. Thus, giving Wall Street one less thing to worry [...]
The Economy is Slowing Faster than Expected
Sometimes I wonder why I bother watching CNBC. I think that some of the guest believe that if they say something negative about anything – they will not be invited back. Two of my favorite guests are Peter Schiff and Nouriel Roubini. You can read Peter’s latest commentary at the link below. Roubini is a [...]
Federal Reserve Holds Rates Steady
Every good investor needs to be cognizant of interest rates and its direction. Today, the Fed held rates at 5.25% and issued a statement that will keep the markets guessing as to whether the next move is up or down. Here is a pretty good article from the New York Times that discusses the statement [...]
Taxes, Spending, and Debt are the Real Issues
My favorite politician, Ron Paul, once again tells it like it is. BTW, looking forward to a tax refund at tax-time is not fiscally responsible. Some people look at it as forced savings. That’s a joke. Why loan the government your money for free? Your goal should be to pay or to receive back as little [...]
Don’t Get Excited About CPI and Housing Data
The more economically savvy I become – the more difficult it is to believe many of the government’s statistics that are quoted as fact. Or maybe it has become easier to understand how and why the statistics are manipulated by various stake holders. For example, it doesn’t take a brain surgeon to realize that there is a [...]
Deficit Spending and Social Security
Ron Paul tells it like it is. I wonder what his Republican brethren say when they read his writings. Source: House . gov by Ron Paul The only honest solution to the future insolvency of Social Security is for Congress to stop spending so much money. When Congress outspends federal revenues, it raids Social [...]
Let’s Get Real About Deficits
I always thought that the Republicans were the party of fiscal discipline. Not so under W’s administration. Source: Financial Sense . com by Peter Schiff This week, while President Bush took credit for supposedly cutting the enormous budget deficit in half, the Commerce Department reported that the trade deficit in August was a record $69.9 [...]
Bernanke Passes The Buck
If you don’t know – Gold and the US Dollar are inversely correlated. As the dollar strengthens, the price of gold declines. As the dollar weakens, the price of gold increases. Paul van Eeden explains the reasoning for this far better than I can, so refer his article Understanding the Gold Price. Now while reading the article below [...]
