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13 July 2010
July 12, 2010 By Elliott Wave International
While many people spend time yearning for the financial markets to turn back up, a rare few have looked back in time to compare historical markets with the current situation – and then delivered a clear-eyed view of the future informed by knowledge of the past. One who has is Robert Prechter. When he thinks about markets and wave patterns, he goes back to the 1700s, the 1800s, and — most tellingly for our time now — the early 1900s when the Great Depression weighed down the United States in the late 1920s and . . . → Read More: The Bear Market and Depression: How Close to the Bottom?
29 July 2009
This morning, my wife Sally and I received some kind words from Key West blogger Rock Trueblood about our past in Key West real estate. Having people praise Sally as knowledgeable and honest is always appreciated, but nothing new. A reference to me, however, as anything but an extremist nut-job is such a surprise, I was compelled to send a note of thanks to Mr. Trueblood.
Because real estate is still of more than passing interest to Key Westers and us, I'll expand . . . → Read More: Free OFMP, Get Yours Now
16 April 2009
You can hardly pick up a paper or listen to a newscast without hearing how inflationary Uncle Sam’s bailout efforts are. “Money out of thin air” is a phrase never so popular as it is these days. And, indeed, every bit of the money going to bail out the administration’s political cronies on Wall Street and fatten Obama’s constituency everywhere else is being created out of thin air.
The Federal Reserve recently proposed what may be the most inflationary policy in it’s history, directly buying government securities to the tune of a . . . → Read More: No Hope for This Change
4 January 2009
The Fed's efforts to keep the money game going have reached a level that has leaped past astronomical to the utterly incomprehensible. Bailout costs are now estimated near $8 trillion. That's roughly $80,000 for every American household, every penny borrowed from the Fed, every penny fetched right out of thin air. It won't be enough, as this article, from Democracy:The Painted Whore, written when the Maestro was still the man behind the curtain, explains. Hal
The Fed . . . → Read More: Fed Still Worried About Deflation
17 October 2007
A recent front page article in the Wall Street Journal reported a meeting between a group of bankers from the world’s biggest banks and representatives of the U.S. Treasury Department. The meeting, we are told, is "in response to the world credit crisis." It purpose is to "avert a crunch."
Mark Twain once noted that no man’s property is safe when Congress is in session. A corollary to that rule can surely be found in what happens when supposedly competing bankers gather around a table with the people who are supposedly regulating their competition. . . . → Read More: Passing the Painted Pig
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