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December 2008

Recs

20

Peter Schiff - There's No Pain-Free Cure for Recession

December 29, 2008 – Comments (3)

As recession fears cause the nation to embrace greater state control of the economy and unimaginable federal deficits, one searches in vain for debate worthy of the moment. Where there should be an historic clash of ideas, there is only blind resignation and an amorphous queasiness that we are simply sweeping the slouching beast under the rug.  [more]

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6

Week Ahead: More Bailouts & Job Losses? Or Quiet?

December 27, 2008 – Comments (1) | RELATED TICKERS: GM , F

Market activity in the coming week is expected to be extremely light, with little direction expected -- but if the economic data start to hint at a direction, traders who took the week off could end up regretting that move.   [more]

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22

Kiplinger.com - They Called It Right (Plus Predictions for 2009)

December 23, 2008 – Comments (15)

Who saw the financial meltdown of 2008 coming? Why the bears, of course. Kiplinger's Personal Finance went back to see which investors, analysts and academics made the right predictions about the market and economy in 2008 and asked each for their 2009 outlook. Although some, like Jeremy Grantham, see hope for 2009, these Cassandras remain a dour bunch. As for us, we expect that the recession will end in mid-2009 and that stocks could gain 5% to 8% for the year (see Outlook 2009).  [more]

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27

(MUST WATCH VIDEO) The Mortgage Meltdown - More to Come!!!

December 21, 2008 – Comments (14)

Some here have already warned of this.

Watch CBS Videos Online

(Something is preventing me from embedding this, but it is WELL worth watching!)

Recs

20

Peter Schiff - In Madoff We Trust

December 17, 2008 – Comments (2)

As the multi-billion dollar Ponzi scheme orchestrated by Wall Street insider Bernard Madoff unravels in the media spotlight, the nation is being presented with a rare opportunity to understand the true nature of many of our most cherished financial structures. Hopefully we have the wisdom to connect the dots.  [more]

Recs

7

Canadian Dollar to Prosper From Rising Oil

December 16, 2008 – Comments (8) | RELATED TICKERS: SU , BQI.DL , CNQ

By: Sean Hyman  [more]

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7

Moody's: Government-backed Bankruptcy Likely For Automakers

December 16, 2008 – Comments (1) | RELATED TICKERS: GM , F

[Time to end my Ford pick.]   [more]

Recs

8

Week Ahead: Auto Bailout, FOMC

December 14, 2008 – Comments (0) | RELATED TICKERS: GM , F , GS

A deal to channel federal money from Washington to desperate auto makers in Detroit; another interest rate cut by the Federal Reserve; and an expected pullback in oil production by the Organization of Petroleum Exporting Countries.   [more]

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17

Peter Schiff - A Nightmare Before Christmas

December 12, 2008 – Comments (3)

Like many pragmatic economists I have always warned that rapid expansions of government debt would result in inflation and higher interest rates. The explanation was always simple: rising supply of government debt inflates the money supply and weakens the government’s ability to service its debt through legitimate means.  [more]

Recs

8

FDIC Chief Bair: Regulators Ready for Awful 2010

December 12, 2008 – Comments (2)

WASHINGTON -- The housing crisis likely will last into 2010 until the credit market revives and government rescue programs have time to make an impact, the head of the Federal Deposit Insurance Corp. said Thursday.   [more]

Recs

10

Peter Schiff - Don't be Fooled by the Market

December 11, 2008 – Comments (7)

With the dollar rallying, foreign stocks swooning, and commodity prices plummeting, many have concluded that the trends that I have been championing over the past decade have reversed. However, as is often the case over the short term, market behavior can easily fool the majority of investors. I am convinced that this is just one of those occasions.   [more]

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22

Peter Schiff: Low Rates, Big Problems

December 08, 2008 – Comments (10) | RELATED TICKERS: FMCC , FNMA

Government and mainstream economists have erroneously concluded that the key to reversing the financial free fall can be found in stopping the plunge in home prices. (I would offer the corollary that the key to reducing injuries in auto accidents is to suspend the laws of inertia). But to accomplish the improbable task of re-inflating the housing bubble, the government appears ready to announce a coordinated plan to push down mortgage rates to just 4.5%. Of course, this is precisely the wrong solution to the housing crisis, but when it comes to bad ideas our government has been remarkably consistent.   [more]

Recs

6

Consumers, Retailers to Take Spotlight in Week Ahead

December 06, 2008 – Comments (1) | RELATED TICKERS: COST , HRB , F

Consumers and retailers will once again come into focus in the week ahead.   [more]

Recs

9

Peter Schiff on Bailing Out the "Big Three" (Dec. 4th)

December 05, 2008 – Comments (1) | RELATED TICKERS: GM , F

  [more]

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5

An Historic Challenge for New Leadership

December 04, 2008 – Comments (1)

[From Euro Pacific Capital]   [more]

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11

Ron Paul: The Neo-Alchemy of the Federal Reserve

December 02, 2008 – Comments (10)

As the printing presses for the bailouts run at full speed, those in power are no longer even pretending that the new giveaways will fix our problems.  Now that we are used to rewarding failure with taxpayer-funded bailouts, we are being told that this is “just a start,” more funds will inevitably be needed for more industries, and that things would be much worse had we done nothing.   [more]

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14

Peter Schiff: Bailout-a-Go-Go

December 01, 2008 – Comments (8)

Keeping track of the ever mutating bailout debate is becoming increasingly difficult. With the Federal money spigots now thrown wide open, and with no one of influence advising restraint, the only debate is where to direct the torrent. During the past week, the talk began with Detroit and Citigroup, but by Friday had shifted to a massive “stimulus package” to bail out consumers. The early buzz includes some very large figures. But first, a bit of a recap:  [more]

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9

GM Covered With Giant Tarp Until It Has Money To Work On Cars Again

December 01, 2008 – Comments (2) | RELATED TICKERS: GM

DETROIT—The General Motors Corporation announced Monday that it has covered its main production plant with a 500,000-square-foot blue tarp until it can get some revenue together to work on its cars again. "The rear-axle assembly line is all out of whack, and the carburetor department needs a complete rebuild," CEO G. Richard Wagoner, Jr. said while wiping his hands with an oily rag. "It's going to be at least a $50 billion job. Goddamn piece of sh*t American car industry." According to Wagoner, the automotive giant spent its last $18 on cinder blocks to help secure the tarp.  [more]

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