The End of Gold – from the ‘Man who made too much’
Chris Mayer, writing for The Right Side, shares his notes from James Grant’s Fall Investment Conference, where famed contrarian John Paulson presented.
Dubai: An ostentatious real estate market to rival the U.S.
James Howard Kuntsler, author of The City in Mind: Notes on the Urban Condition, analyzes the Dubai Debacle for Whiskey & Gunpowder.
The Next Depression: It’s worse than they think
“Beyond the Crisis… With most of the world’s economies officially out of recession, the FT launches a series examining the legacy of worst global economic crisis since the 1930s,” says the FT. But according to the figures below the headline, the crisis wasn’t so bad. The US economy walked backward only 3.5%. Now, it’s making progress again.
The FT editors should keep their eyes on the road. The ‘recession’ did more damage than they think. And it isn’t over… There’s more trouble ahead.
Rich Dad Poor Dad What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not
Rich Dad Poor Dad What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not
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Get a Financial Life Personal Finance In Your Twenties and Thirties
Get a Financial Life Personal Finance In Your Twenties and Thirties
“A highly readable and substantial guide [...]
New York Times National Edition
New York Times National Edition
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What Google’s blowout quarter means
Google’s (GOOG) strong earnings report indicates something, but just what?
On October 15th, after the market’s close, Google reported earnings of $5.89 a share, 47 cents a share above the consensus estimate of $5.42. Revenue, after traffic acquisitio…
Goldman bonuses at highest level ever
Wasn’t there some controversy over Wall Street bonuses recently? You wouldn’t know it by looking at Goldman Sachs (GS), whose bonuses this year look to be the highest in its history.Analysts estimate that Goldman’s annual bonus pool has hit a record $2…
Bailout worries for government mortgage backer
Want to buy a house with just 3.5% down and high monthly payments? Talk to the Federal Housing Association, which still backs loans on terms that private lenders would never go for.And now, the FHA is having so many problems that it may need a taxpayer…
Welcome to Zombieland
Welcome to Zombieland…where the most amazing things happen…Starring Ben Bernanke, Tim Geithner and a cast of millions…
The new movie – Zombieland – about a group of survivors in a world of zombies, was the biggest grossing film in America and Canada over the weekend. It must reflect the zeitgeist of the North American public…a deep feeling that we are living in a decaying world.
Maybe it comes from the growing awareness that the old bubble economy of the 2002-2007 period is dead. Now, survivors must defend themselves from the zombies.
Survivors are being attacked in the streets, in their homes, and at their workplaces. Zombie banks – kept alive by artificial stimulants provided by the feds – take their money and their houses. Living-dead…
The New Way to Collapse an Industry
We don’t have to go back very far to see the classic boom, bubble, and bust play out. In just the last 15 years, we’ve been fortunate enough to watch over-zealous traders lose their heads again and again. First, they bought tech companies for 80 times their earnings in the late ’90s and then happily purchased banks and insurance companies that were leveraged at 35 times their equity. This time, however, we don’t even need the boom or the bubble to see a bust.
We’re told media conglomerates are among the most hated industries in the market today. Everyone knows they are struggling to keep afloat with competition from the Internet. Newspapers compete with blogs and free news sites. Magazines compete with…
Recession leads to ‘mancession’
The huge wave of layoffs that hit this country has given rise to a new word, one that irks me almost as much as “bromance.” This new word I’m talking about is “mancession,” which describes the fact that this recession has hurt men more than women.In fa…
Can Google save the newspaper business?
This post was written by InvestorPlace.
Many newspaper stocks are down over 90% from five years ago. Some public companies in the industry, most notably the Journal Register Co., have gone bankrupt. The combination of huge debt taken on for acquisition…