June 17th, 2009
LOS ANGELES, June 16, 2009 - In its second quarterly report of 2009, the UCLA Anderson Forecast indicates that there is no quick fix for what is ailing the US economy and that it is still “very sick.”
“Tepid” Economic Growth for 2009
UCLA Anderson Forecast senior economist David Shulman notes that the US Economy will experience “the weakest economic recovery of the postwar era”. The Forecast sees the “tepid” growth of gross domestic product improving from negative growth in the second quarter of this year to nearly perceptible growth in the final quarter. Read the rest of this entry »
Tags: Automotive Industry, David Shulman, Double Digit Unemployment, Economic Forecast, Economic Recovery, Foreclosed Homes, Gdp Growth, Gross Domestic Product, Recession, Retail Sector, UCLA Anderson, Unemployment Rate
Posted in Economic Outlook, Government Policy, Market Forecasts, UCLA Anderson | No Comments »
June 11th, 2009
Noted precious metals and commodities expert Jim Sinclair has recently warned in his newsletter, JSMineset that there is increasing “buzz” circulating in the precious metals investment field that many of the largest mints and depositories are facing severe financial troubles. As a result, he is advising in his newsletter that anyone with a significant investment in precious metals take immediate delivery of their holdings. You can read his comments below, and also use the link included to subscribe to his free gold investment newsletter
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Tags: Canadian Mint, Dan Norcini, Gold Commodities, Gold Investment, Gold Shorts, Mints, Paper Gold, Precious Metals, Vaults
Posted in Gold Bullion, Gold Investing, Jim Sinclair | No Comments »
June 8th, 2009
Why Gold Is Destined To Rise Significantly In The Next Few Months
by Chris Apicella
With all the failures in US economic policy, it is regretful that we must report that more, much worse problems are coming ahead which will result in not just the inevitable slide in the value of the dollar, but also continued and significant decline of the US economy as whole, and the failure of the current, ill-conceived government policy to stop the continued heamoraging of jobs and value from the US economy. The economy is destined to stay stuck in this rut until a new set of industry supportive policies takes hold in Washington. Read the rest of this entry »
Tags: Barak Obama, Economic Outlook, Gold Supplies, Government Policy, Great Depression, Mainstream Media, Nixon, Perfect Storm, Price Increases, Safe Harbors, Turbulent Times, Unemployment, Woe
Posted in Barak Obama, Economic Outlook, Gold Investing, Government Policy, Market Forecasts | No Comments »
June 5th, 2009
by Bill Bonner
London, England
“Either cuts in spending or increases in taxes will be necessary to stabilize the fiscal situation,” said Ben Bernanke in response to a question posed by a member of Congress. Then, he added… “The Federal Reserve will not monetize the debt.”
That last sentence has a ring to it. It reminds us of Richard Nixon’s “I am not a crook.” Surely, it is destined to make its way into the history books, alongside Bill Clinton’s “I did not have sex with that woman” and the builder of the Titanic’s “even God himself couldn’t sink this ship.”
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Tags: Ben Bernanke, Bill Bonner, Daily Reckoning, Economist, Federal Reserve, Fiscal Situation, Geithner, Monetizing Debt
Posted in Bill Bonner, Federal Deficit, Federal Reserve, Timothy Geithner | No Comments »
November 11th, 2008
| We are apt to shut our eyes against a painful truth… For my part, I am willing to know the whole truth; to know the worst; and to provide for it. –Patrick Henry
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| Dear Comrades In Golden Arms,
There will be many forecasting market results of the election of President Obama. I suggest we wait to see his cabinet in order to look to the future with any degree of accuracy.
What we do know is:
- Many of the evil money ruler geniuses are out of the lime light.
- Even if Wall Street is still pulling strings, this Administration will not have Paulson who jiggled every market on the planet fairly well.
- The PTT team, if it exists, will be made up of lesser lights because the past Administration ruled that.
- All the problems are still out there as virulent cancers that have spread out of control in the financial market and are not operable. Thank you all you OTC derivatives that up to now have not been singled out to accept blame. This could change but do not count on it.
- You can count on fiscal stimulation as it is a tenet of how the Democratic mind moves.
- You can count on higher taxes for Daddy Warbucks and reductions for the ordinary man who carries the Federal Budget money-wise.
- You can count on an interesting period in terms of geopolitical challenges to the USA from their many enemies in order to size up the new leadership.
- You can count on meaningless dialog with all those about to test the new Administration geopolitically.
- You can count on gold at $1200 and then $1650.
- You can count on the US dollar trading at USDX .72, .62, and.52.
- You can count on the reestablishment of social and economic safety nets.
- You can count on the now shredded Constitution remaining shredded. Once power comes into an Administration it stays their permanently.
Respectfully yours,
Jim Sinclair
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Posted in Gold Investing, Jim Sinclair, Market Forecasts | No Comments »
