Sunday, August 14, 2016

Few May Imagine What Is Coming

August 25, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks [From self-described, “radical ol’ gloom-and-doomer” and frequent Rick’s Picks forum contributor Steven George Fair, here’s a tormented essay on why most of us are too far removed from the experience of the 1930s Depression to have any idea or imagination about what is coming. And make no mistake, he warns: [...]

Risk of Depression Low, Says Our Man in China

July 30, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks ( Rick’s Picks frequently runs guest commentaries expressing opinions that differ markedly from our own. Below, Mario Cavolo, an expatriate who lives in China, argues that there is no global, deflationary depression bearing down on us, but rather a muddle-along economy with strong spots as well as weak ones. We disagree [...]

Recession Over; Depression Begins

October 30, 2009 by · Leave a Comment 

Bullion Vault The ugly truth about the West’s balance-sheet recession… THE BIG STORY in markets everywhere today is that US GDP number, reports Dan Denning for the Daily Reckoning Australia in Melbourne.It was up 3.5% in the third quarter, annualized, according to the US Ministry of Commerce. We predict that everyone is going to use it to [...]

Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High

October 19, 2009 by · Leave a Comment 

By Pham-Duy Nguyen Oct. 19 (Bloomberg) — Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades, eroding the metal’s value. Bullion hasn’t kept pace with [...]

Long, Soft Depression

October 13, 2009 by · Leave a Comment 

Bullion Vault Central banks are declaring victory, but Japanese deflation now beckons… EARLY THIS MONTH the Australian central bank became the first to declare victory, writes Bill Bonner in The Daily Reckoning.It raised its key lending rate 0.25% and gave a whoop…signaling an end to the slump. The European Central Bank fidgeted and vaguely threatened to raise [...]

How to Protect Yourself From Inflation

October 10, 2009 by · Leave a Comment 

The Daily Reckoning Robert Kiyosaki, a king of the real estate boom, has drastically changed his tune… he’s now touting commodities and silver in particular. He claims to have started buying silver at $3 an ounce, largely because “the US dollar is trash.” He points out that because there’s “more gold on planet earth” now [...]

Don’t Trust the Dollar Strength

October 9, 2009 by · Leave a Comment 

The Daily Reckoning As predicted, both the European Central Bank and the Bank of England kept their benchmark interest rates at record lows in an effort to keep stimulating their economies. Trichet signaled that the ECB has no plans to raise rates in the near future, stating that the current level is ‘appropriate’ for the [...]

Gold Touches a New Record

October 9, 2009 by · Leave a Comment 

The Daily Reckoning “Gold continues to climb…stoked by inflation worries,” says a headline in the International Herald Tribune. Yesterday, it touched a new record – $1,050 – even as the dollar rose, oil slumped under $70 and stocks dipped very slightly. Well, what do you expect? The United States added $1 trillion to its monetary [...]

Investing In Gold Bullion

October 4, 2009 by · Leave a Comment 

There’s a growing sense of awareness among American household investors that our nation’s dollar values are in real danger, and these investors are weaning themselves from their dependence on the dollar’s global prominence. Our government and media are in varying stages of denial over our current global economic predicament, and many independent minded investors are [...]

Red October

October 3, 2009 by · Leave a Comment 

The Daily Reckoning Uh oh…maybe it will be a Red October after all… Two important things happened yesterday, both of which cast a crimson light on things. First, the Dow dropped again; it has only gone up one of the last 7 days. It went down 203 points. Could be nothing. Could be something big…the [...]

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