A personal credit collapse of truly monolithic proportions is starting to become a reality across the country.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
By now it is no secret that the much anticipated U.S. equities crash is well underway. But a crash that few are talking about-and almost no one wants to hear-is the impending collapse in U.S. real estate prices.
For crying out loud people, this is a disaster, not waiting to happen, but actually happening! Just forward this to everyone you know, and see if it can knock some sense into their heads.
Having overestimated the psychological impact of President Bush's speech, I am obliged to focus even more resolutely on purely empirical indicators.
It is clear that stocks are not attracting much buying interest unless allowed to freefall for a scary hour or two.
In this war climate, our views are subject to change not only daily or intraday, but even momentarily as events may require.
Ever play the futures market? I don't advise it, as it is a lot more fun to gamble at Las Vegas. I've lost more than I made, and have given it up. I don't advise it.
Thus spoke the crucified Messiah nailed to a Roman cross on a bleak Judean hill many centuries ago; thus say I regarding the events of September 11, 2001. Let no reasonable person have any illusions.
The New York Mercantile Exchange (Nymex), has been closed since the World Trade Center catastrophe on Tuesday morning, as the Nymex facilities are only a couple of blocks away from ground zero.
In the midst of dominating news coverage, CNBC has managed to ask a host of commentators about their views on how the September 11, 2001 tragedies will alter the markets.
As New York City heroically digs out from under the rubble and businesses plot their return to normalcy, the feeling mounts that America has been greatly strengthened and unified by the appalling events of the past week.
Gold mainly meandered through a narrow range, but as of today is down $4.00 to $272.10 an ounce since our August 20 update.
As the dust clears from the World Trade Center Towers, Pentagon, and others, what will happen?
Part 1
The Root of the Problem: A Banking System That Requires The Issuance of Debt In Order To Function
As of Friday's close, stochastic readings for many of the issues tracked in my daily newsletter were tracing out oversold lows that fell practically off the charts.
When we were kids, we wanted absolutely everything. Most of us came from families that may have been well off enough to pay the bills, buy a home and car, and even go to an occasional movie, or other amusement.
Part III
Why Is Gold A Good Store of Value During Deflation?
Editor's Note: Mr. Hickel challenges Mainstream Media Bias of "cheerleading stocks and bonds as the best investments period." Following are emails he sent to the perpetrators.
We have considered what makes a particular currency "hard," while another, equally valuable-or worthless, depending on your view-is "weak." It has nothing to do with the paper itself. Paper is paper.
This piece entirely deals with what to do with dollars. Of course it can also apply to Francs, Pesos, Yen, Pounds, or what have you, depending on what the economic situations are in the nation in which you reside.
Gold came off a bit last week as the manipulators continued to bide their time. Given the ridiculous levels to which the dollar has risen, manufacturing, mining and farming in America are all in deep trouble.
When the sun shines up here in Portland in August, we do know how to get down as they say. We have a local festival paying homage to real Italians and wantabes like me.
At precisely 1:57pm on June 27th, 2001, a seller dumped 100 contracts (10,000 ounces) of gold on the Comex market. The transaction was noteworthy as to the amount and timing.
Talk about 'climbing a wall of worry'. . . after the Fed failed to chip-away at several pertinent concerns in any way (effectively stating the truth we all know about the U.S.
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The periodic symbol for gold is AU which come from the Latin for gold aurum.
