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Eric Sprott Interview on King World News

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March 27, 2010 – Comments (4)

This is a great interview with the great investor / hedge fund manager Eric Sprott. It is worth your time.

Eric Sprott Interview on King World News
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/27_Eric_Sprott.html


Eric Sprott has over 35 years of experience in the investment industry and manages roughly $5 billion.  Eric has been stunningly accurate in his writings for quite some time and is one of the highly respected industry professionals who foresaw the current crisis and chronicled the dangers of excessive leverage as well as the bubbles the Fed was creating while correctly forecasting the tragic collapse we are all enduring.  In this interview Eric discusses the stock market, bond market, inflation, deflation, gold, silver, gold stocks, consolidation in the gold sector, the economy, the US Dollar, paper currencies globally, tax revenues going down, layoffs in US government jobs in states, oil and much more.

4 Comments – Post Your Own

#1) On March 27, 2010 at 1:51 PM, carfun (< 20) wrote:

Great interview. I have been watching the bond spread and if the current trend continues this could be the beginning of turn down. Interesting article on Reuters "ECB's Orphanides: Can still ease past zero rates".  I am sure H. Ben B. sees this but what is he to do? He can't control the politicians that continue to spend out of control. Barney & Nancy seem to have him between a rock and a hard spot.

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#2) On March 27, 2010 at 4:47 PM, binve (< 20) wrote:

carfun,

I agree! Sprott hit all the important topics on the macro landscape.

>> I have been watching the bond spread and if the current trend continues this could be the beginning of turn down.

Did you see this post of mine? I think you would like it: What the Bond Market is Trying to Tell the Stock Market: A Look at the Yield Curve and Expectations - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=355853.

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#3) On March 28, 2010 at 3:40 AM, uclayoda87 (29.24) wrote:

The interview was long but worth the time.  A couple of brief articles from Market Watch this week.  The administration appears to be ignoring the cracks in the overloaded bond market dam as they try cram even more debt behind that weakened wall.  If the trigger for the double dip recession (depression) is the bond market's realization that the US is no longer a safe bet, then the Change that we were promised in the 2008 election is about to be fulfilled.

Banks, Uncle Sam take another shot at mortgage rescue

With projections of millions of foreclosures over the next five years, the Obama administration announced Friday it would make major adjustments to its $75 billion mortgage-modification program, aimed at assisting a greater number of unemployed and other troubled homeowners in modifying or refinancing their mortgages. Bank of America Corp. /quotes/comstock/13*!bac/quotes/nls/bac (BAC 17.90, +0.16, +0.90%) , the largest U.S. mortgage lender also unveiled a program to cut principal on up to 45,000 underwater home loans by as much as 30%. See MarketWatch story on new mortgage efforts.

Bond vigilantes are saddling up

Treasury prices posted gains on Friday, but remained headed for a weekly loss as yields on 10-year notes touched the highest levels since June amid heightened concerns about the government's ability to finance its deficits and as investors turn to seeking out higher yields in other asset classes. "What's changed is that investor outlooks on the fiscal side have turned decidedly more downbeat since Greece's debt woes were first splashed onto the front pages of the main papers," RBS Securities' Bill O'Donnell and Aaron Kohli said. See MarketWatch bond report.

 

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#4) On March 28, 2010 at 10:13 AM, binve (< 20) wrote:

uclayoda87 ,Hey man!

>>The interview was long but worth the time.

I totally agree. I always like hearing Sprott talk and reading his articles.

>>A couple of brief articles from Market Watch this week.  The administration appears to be ignoring the cracks in the overloaded bond market dam as they try cram even more debt behind that weakened wall.  If the trigger for the double dip recession (depression) is the bond market's realization that the US is no longer a safe bet,

Exactly man. I think these two posts sum up the problem pretty accurately

--- Debt Saturation - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=357428
--- What the Bond Market is Trying to Tell the Stock Market: A Look at the Yield Curve and Expectations - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=355853

Those two articles of yours are very good reads! Thanks man!!..

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