The Education Bubble
One test of skill for investors is the ability to spot a bubble. As I’ve had it recently described to me, a bubble exists when there is a mentality that prices in a certain area will always rise. Take housing, for example. The wisdom for many of the recent decades has been […]
Bare Stearns
Much has gone down in the financial markets over the last week. The Fed first moved to increase liquidity by injecting $200bn. worth of credit to the big banks - and allowing them to borrow for four weeks instead of the traditional overnight window. This came as good news to the Dow, which […]
Making Your Own Money
The old adage “money doesn’t grow on trees” doesn’t hold truth like it used to. Today, money literally does grow on trees to the extent that it’s freely printed on tree pulp by the Federal Reserve without any backing in gold or other value. In most instances, we mustn’t even grow it on […]
Gold Update
Twice I have recommended purchasing gold. Today the Fed cut interest rates a half point to 3%, and hinted at future rate cuts. This has and will continue to result in the erosion of the dollar. Furthermore, the political landscape is shaping up so that another generation of borrow-and-spend politicians with no […]
Robert Prechter on the Economy: Is the Worst Over?
Short answer: No. Long answer: put your money where it will retain its purchasing power, inter alia, gold.
http://www.youtube.com/watch?v=SjS60TaD_J8
It’s a bit disconcerting to hear that the underlying market conditions of the present far eclipse that of 1987 and 1929.