All Posts Tagged With: "US inflation"
Russell McDougal Says Too Much Debt Puts Dollar on Death Row
Russell McDougal at Investor’s Daily Edge says there is too much dollar-based debt that can’t be paid back for the buck to survive in its present form. Another Nixonian dollar default is coming, this time via hyperinflation. And the same people who have sentenced the greenback to death will be launching its replacement, the Amero.
10 Reasons Why Gold Will Never Be This Cheap Again
Gold futures fell for a third day yesterday. They were driven down by sliding crude-oil prices and a strengthening dollar.
For gold bugs, the yellow metal now sells at a depressingly low $808.20 an ounce on the Nymex. There’s worse news on the horizon. Jon Nadler, senior analyst at Kitco Bullion Dealers, says gold “appears poised to retest the $775 zone.”
Gold bug Ed Bugos isn’t sweating it. He says central banks and their inflationary policies will see to it that gold will surge again. Ed has ten very solid reasons why we’re about to see the last of cheap gold.
Bill Bonner Says Get Ready for an Era of Credit Contraction
Daily Reckoning editor Bill Bonner is sticking to his view that the trend of the last 25 years - falling interest rates, rising stocks, stable inflation - is coming to an end. The credit expansion of that period should give way to credit contraction in the coming years. And in trying to prevent the inevitable with its bailouts, the Fed is just making matters worse…
How to Protect Yourself from Record Dividend Cuts
The Sovereign Society’s Patrick Bove says 2008 is a record year for cuts in dividend payments. So far this year, 142 companies have cut dividends. The old record of 141 dividend cuts in one year was set in 1931. But Patrick says there are still places where high yields are guaranteed.
Why Are Investors Bothering With Bonds?
Daily Reckoning editor Bill Bonner is amazed that investors continue to buy Treasury bonds, when official inflation is running way above the yield of on 10-year Treasury notes. Americans have grown so accustomed to stable inflation and low interest rates that they have forgotten the lessons of the ’70s and early ’80s. Bill says every generation of investors in the last century has faced a major crash, and now it looks like it could be our turn…
Why Positive Data Doesn’t Mean Economic Recovery
Several data releases last week - including new home sales, durable goods orders and GDP growth - signaled an improvement in the U.S. economy. But Rick Pendergraft in Investor’s Daily Edge says it is important to distinguish between stabilization and reversing course. A huge backlog of unsold houses and ongoing job losses will keep the economy on shaky ground for the time being…
What I Tell Myself When Gold Sells Off
Psychologists say decisions aren’t made simply on what you hear from others but also on what you hear in your own inner dialog. With investing, that can be the kiss of death if you let either fear or euphoria dominate the conversation. So what did you tell yourself this summer when gold plummeted 20% in 5 weeks and most gold stocks lost a third or more of their value? Did the dialog help you make a wise decision?
Two Reasons Why 3Q U.S. Growth Will Disappoint
Addison Wiggan and Ian Mathias in Agora Financial’s 5. Min Forecast have already warned readers about the risk of taking yesterday’s 3.3% rise in U.S GDP figures at face value. Here, Charles Delvalle at Investor’s Daily Edge says the government’s economic stimulus checks and a weak dollar made U.S. growth seem more impressive than it really is. Don’t expect 3Q data to be quite so favorable…
Global Investing Roundups Thursday, August 28th, 2008
U.S. Bankruptcy Filings Soar; Japan’s Bankruptcy Jitters; Boeing Backs Down in Face of Strike; Quicksilver’s Ski Sale; Gustav Pushes Crude Higher; TiVo Swings to Profit; PetroChina Hurt by Subsidies; BP Ending Russian Venture
Dow’s (DJI) Earnings Slump Will Lead to More Inflationary Policies
Financial charts can generally look good or bad. But sometimes, one comes along that is downright ugly. The Rude Awakening’s Joel Bowman says the earnings chart for the Dow Jones Industrial Average index (.DJI) is particularly sore on the eyes. Earnings were negative in Q208, for the first time ever, giving the index a price-to-earnings ratio of nil. Such losses will heighten deflationary fears, encouraging the government to crank up its inflationary policy. More from Joel…
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