Wednesday, August 17, 2016

‘Stimulus’ is destructive, Rickards tells King World News

September 7, 2010 by · Leave a Comment 

8:40a ET Tuesday, September 7, 2010 Dear Friend of GATA and Gold: In the second part of his new interview with Eric King of King World News, Jim Rickards of research firm Omnis says federal economic “stimulus” destroys wealth and productivity instead of creating it and federal “behavioral” economics has proven to be only propaganda [...]

Busted firms claim billions in ‘stimulus’; speculators will get some of it

January 12, 2010 by · Leave a Comment 

By Tom Hals, Reuters WILMINGTON, Delaware — The U.S. government has provided more than $1 trillion of support to financial companies in a bid to keep credit flowing to the U.S. economy. But a new law may give billions of dollars to bankrupt financial companies that will never make another loan. Instead of allowing lenders to [...]

US Hyperinflation?

October 20, 2009 by · Leave a Comment 

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

A Deflation Story

October 10, 2009 by · Leave a Comment 

The Daily Reckoning “It was at Rome, on the 15th of October, 1764, as I sat musing amidst the ruins of the Capitol, while the barefooted friars were singing vespers in the Temple of Jupiter, that the idea of writing the decline and fall of the city first started to my mind.” – Edward Gibbon [...]

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 [...]

US Dollar in Need of a Tourniquet

October 9, 2009 by · Leave a Comment 

The Daily Reckoning OK, front and center this morning, gold has soared to another all-time high! When I turned on the screen this morning, gold was flashing a great big $1,055 figure… WOW! But wait! Gold – and silver for that matter – aren’t the only risk assets moving higher… All 16 of the countries [...]

Gold eases from record but sentiment remains bullish

October 7, 2009 by · Leave a Comment 

Gold eased from record highs on Wednesday as investors took profits, but sentiment remained bullish and a fresh record was within sight as the dollar’s weakness and inflation concerns reinforced bullion’s appeal as a hedge. Both spot gold and US gold futures have benefited from factors including technical buying, growing talk of countries diversifying foreign [...]

Weekly Market Recap 10/02/09

October 3, 2009 by · Leave a Comment 

Just when Wall Street wanted you to think it was okay to wade back into the stock market, some all too familiar sharks continued to muddy the water for investors. The Fall of 2008 marked the beginning of the biggest financial down slide in the U.S. since the Great Depression. Unfortunately, not much has changed [...]

Inflation is Our Future

September 30, 2009 by · Leave a Comment 

The Daily Reckoning On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible. On the other side of the argument, many proponents of inflation are calling for Zimbabwe style hyperinflation. In this business, everyone is entitled to their opinion; however it is my contention [...]

Byron King: Peak Gold + Weak Dollar = $2,000

September 30, 2009 by · Leave a Comment 

The Gold Report submits: A highly regarded resource sector expert who discusses his field fervently whenever possible and whose writings include the top-ranking Outstanding Investments, Byron King brings his views direct to The Gold Report audience in this exclusive interview. Unconvinced that the recession is behind us, he is equally sure that the "bottomless pit" [...]

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