Newsletters
Great Depressions Are So Methodical, by Bob Hoye
Submitted by Liberty Valley on Sun, 2009-05-17 23:27.Latest Presentation by Bob Hoye. Certainly worth the read, as he has been right so far.
http://www.institutionaladvisors.com/pdf/Great_Depressions_Are_So_Methodical-May-14-09.pdf
End of the World? - by Puru Saxena
Submitted by Reinhard on Mon, 2008-12-15 14:20.
Puru Saxena is still bullish on commodities.
...And when investors deploy this cash into the markets, it will flow towards sectors which have been unharmed in this financial crisis. Now, I do not know about you, but apart from natural resources (where supply and demand imbalances persist) and industrials (which may benefit from massive government-sponsored infrastructure projects), I cannot find any other sector which has strong fundamentals. Housing faces severe over-supply, autos are struggling, banks will suffer due to over-regulation and consumer discretionary stocks will also fare poorly as the over-stretched public in the West tightens its belts. The one sector of the economy which remains in excellent condition is commodities. Demand is holding firm, supplies of key resources are still tight and the ongoing credit crisis will only delay many projects which were previously meant to come online. This will create additional supply shortages in the future, thereby leading to much higher prices...
So Many Things to Correct… So Little Time.
Submitted by Reinhard on Wed, 2008-11-19 14:52.
Bill Bonner's dark humor. But priceless still.
...Saving America from free-market capitalism will become the Great National Project of the Obama years. Deficits will top $1 trillion... maybe $2 trillion. Brain dead businesses will be kept alive. Whole industries that should be allowed to go broke will be protected. Towns, states, and colleges that should go bust will be propped up. There will also be a huge building boom - in infrastructure. Bridges, trains, highways...
What Congress and Investors Should Understand About the Bear Stearns Deal, by John Hussman
Submitted by Reinhard on Tue, 2008-04-01 13:13.
...
Just as market tops are marked by expectations that economic strength will persist indefinitely, stock markets hit bottom when an economic downturn is taken as full fact, when conditions are widely expected to get substantially worse, and when investors have largely given up on any hope that the economy will improve in the foreseeable future.
American Consumers are Losing their Crown
Submitted by Reinhard on Fri, 2007-09-14 12:00.
With the U.S. Dollar Index breaking decisively below its long-term support level, the sun is finally setting on the golden age of American consumption. As America's economic dominance fades, so too will the faith in the central thesis that has explained its apparent success and has shaped the majority of recent economic theory.
If you want a Subprime Bailout, do it Properly!
Submitted by Reinhard on Thu, 2007-09-06 06:21.
...A proper bailout must take a completely different approach and cannot be limited to “just” a quarter million homeowners. Someone who purchased a house that is too expensive to maintain is best helped by downsizing to a less expensive home. However, homeowners are often “locked into” their mortgages as the mortgages are higher than the market value of their homes. Leverage is great when home prices are rising, but is painful when prices are falling.
Banks Fight to Postpone Day of Reckoning by Axel Merk
Submitted by John on Mon, 2007-06-25 22:14.The U.S. trade deficit with the rest of the world leapfrogged in recent days: aside from goods and services, we are now importing “consensus based crisis management” from Japan. Out of fear that a cleanup of bad loans would trigger widespread defaults, Japanese banks got themselves deeper and deeper into trouble by hushing up the problems. We are talking about the crisis at Bear Sterns’ subprime hedge fund.
