Wickedness Abides By James Howard Kunstler Comment on Current Events by the Author of "The Long Emergency"
on November 30, 2009 7:12 AM
Fresh fears over the size of Dubai's debt have sent shock waves through international markets, with major stocks and oil prices falling sharply. Dubai World, the country's largest conglomerate, wants to suspend payment on its sixty billion dollar debts until next May at the earliest. RT's financial contributor Max Keiser says the World is entering the Phase Two of the global economic crisis.
MY COMMENT: Duhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh... How long ago was Fooldom told to buy physical gold before the masses caught on???? How many times have I written about this? Now lets enjoy the run...until the FED raises rates to try and fight off hyper-inflation and loss of confidence. [more]
The Dollar Bubble starring Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others.
MY COMMENT: It is not over. It is just starting and you should be in full pre-pare mode for the next wave. P/E of the S&P 500 is over a hundred with an average dividend pay out just 2%! LOL! Graham & Dodd eat your heart out!!! In the depression, the P/E was 6 - 8 and dividend pay out was over 10%. But in the 1920-30s, they did not have digitial money and super-computers. The US populations was half the size of today and a significant number of families worked on farms. [more]
I am watching the political issues, as always. I could care less about fundamentals and market technical's at this juncture.
Much wisdom here Fool, much much wisdom...
Rep. Alan Grayson argues in support of the Paul-Grayson amendment, which would subject the Federal Reserve to a complete audit.
No Volume Whatsoever [more]
MY COMMENT: Buffet apparently believes it, hense the railroad purchases. Jim Rogers believes it...
MY COMMENT: None, except this is getting beyond ridiculous and Obama will be a one term President.
MY COMMENT: CNBC promoting the most crowded trade in the world again: "Oil looks higher, gold looks higher, currencies look weaker." here: [more]
MY COMMENT: In case you missed it, some top bloggers were called into the US Treasury to discuss the economic crisis. Although, I was lead in points during the collapse at 14k (no one else was close at the time, before Fool's Staff frooze my account for calling out GoodVibes), and Top Fool (via abitarePERFECT), Treasury did not call me in. But Treasury did call in some of my favorites including Micheal Panzer, Naked Capitialism etc.... [more]
MY COMMENT: CNBC aka GS/GE's propaganda / mis-information machine has lost 50% of it's viewers in the last 12 months. They are bring on more truth tellers lately, including Faber and Schiff. [more]
MY COMMENTS: Fooldom is way ahead of the media etc... on this issues. Remember the TOP BEAR pitch on GS with 14 RECs?