I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn’t much when we routinely talk in trillions, but clearly that money has not been wasted or otherwise sunk down Wall Street’s black hole. So why no cheering as the cash comes back?
Obama Wants to Control the Banks Read More »
Editor’s Note: Just thought I’d pass along a little story (not mine). On vacation in Rome, I noticed a marble column in St. Peter’s with a golden telephone on it. As a young priest passed by, I asked who the telephone was for. The priest told me it was a direct line to Heaven, and
Editor’s Note: At this point a lot of ink has been spent on whether stocks are really cheap and if the market will now rally from here. Of course “time will tell” but in order to make money we need to know the answer before that. My personal gut feeling is that we still have another
Simple Timing Tool That Will Help You Protect Your Assets Read More »
The old saying is that during a deflation cash is king. This is because as prices fall money becomes more valuable (i.e. it buys more). So it makes sense to hold onto it as long as possible and wait for it to increase in value. Because people hold onto their money it becomes scarce and harder to come by.
During a deflationary recession people also hold onto their money because they are uncertain about the continued supply of money (will they lose their job due to the recession, etc) so they in addition to holding money for appreciation, they are also “saving for a rainy day”.
Conversely during inflationary times money is becoming less valuable (buys less over time) so people want to get rid of it before it loses too much purchasing power and they even borrow as much as possible so they can pay it back with less valuable dollars. Keep that in mind as you read Andy Gordon’s excellent article on why bailing out the banks won’t help the economy. ~ Tim McMahon
Saving the Banks will Accomplish – Nothing Read More »
Another Look at Emerging Markets By the editors of Without Borders, Casey Research After passing much of 2008 standing thankfully on the sidelines, we believe that with current valuations, opportunities have returned for putting capital back into long-term positions in emerging markets. In fact, we believe that emerging markets will recover faster and outperform developed
Emerging Markets in 2009 Read More »
By the editors of BIG GOLD, Casey Research Within the last year, 401(k)s and IRAs have ceased to be a safe haven for Americans’ nest eggs. In 2008, employees lost on average 14%, or about $10,000, of their retirement money. Those with more than $200,000 are even worse off – they lost more than a
Can You Put Gold into Your IRA? Should You? Read More »
In their annual forecast edition, the editors of BIG GOLD asked Casey Research Chairman and contrarian investor Doug Casey to provide his predictions and thoughts on issues everyone’s thinking about these days. Read what he has to say on the economy, deficits, inflation, and gold… The $1.1 Trillion Budget Deficit My reaction is that the
Doug Casey on 2009: Another Year of Shock and Awe Read More »
By Chris Ciovacco Ciovacco Capital Management In our current global economic environment, the number of moving parts for the individual investor to track and attempt to analyze is often overwhelming. Without a systematic approach to the global asset markets, it is virtually impossible to discern the relative importance of an almost infinite number of inputs.
The Reverse Wealth Effect Read More »
The following article is excerpted from a recent issue Elliott Wave International’s Financial Forecast. Elliott Wave International (EWI) is offering the full 10-page issue, entitled “The Most Important Investment Report You’ll Read in 2009,” free for a limited time. In addition to the following market commentary, it includes independent forecasts of stocks, bonds, metals, the
Can the Government Stop Another Great Depression? Read More »
The following article was recently updated by one of the legends in the investing world. In it Doug Casey shows how different each generation is and how each carries the seeds of its future allowing history to repeat itself. Consequently, it gives us a glimpse of what is in store for our near future. Because
The Foundations of Crisis Read More »
