Loading ...This weekend so far has been one of little news. No big story, prediction or move in any of the financial markets. The stock market has been gliding slightly higher just waiting for a big event to send it into correction. The government has now become a fixed feature of the lending system. Yet, no new news; the unemployment number hints that something is still devastatingly wrong with our economy. This however has already been priced in, as the masses have fallen for the “jobless recovery” theory. […]
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It is no surprise that the corporate financial balance sheets of most publicly traded company is in shambles. Most are lead by absolute morons that live above their millionaire means, borrow their way into wealth and leverage other people’s money at any opportunity. An example of such an incompetent executive is Jim Press. Press is somehow unable to pay his bills with the undeserving pay size that he has gotten for decades. Jim somehow drank himself into $1.35 million of debt for unpaid federal taxes and a personal loan. I just find it incredible that individuals who can’t even manage their own income and pay their own taxes get promoted to executives. […] Our advice is simple; if you’re not in the inside than you’re in the outside, so therefore stay outside the market and buy the physical assets. Gold is the obvious choice as a safe bet against either the inflation or a recovering economy or deflation caused by shrinking economies. Another very safe investment is cash flow positive foreclosures that can be purchased at affordable levels and rented out. […] The demand for the commodity will inflate the prices of the goods that it produced. As long as commodities are priced in the USD, the demand for the dollar will ALWAYS increase with global inflation. Based on this theory, we are expecting the dollar to strengthen when emerging markets correct and in addition bring our own equity markets into a correction. The only danger to the US economy is if the world starts to diversify away from the USD. […] The reality is however that as long as the global reserve currency is the dollar and commodities are priced in dollars, the US has nothing to worry about. As the emerging markets recover and their demand for commodities grow, so well the need to buy and hold USD. We do however recommend all global investors to keep an eye on talks of alternate to dollar as reserve currency, commodities traded outside the USD and bank holiday talks. […] Today, something special happened, and very few in the media are picking it up. Lots of stories and news are floating around from dollar hitting new lows, stock market slightly up, September 11 anniversary, and investor confident the stock market will never drop again. For us, the real story is Gold and that’s what will give the attention to. […] |
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