The Great Depression Ahead How to Prosper in the Crash Following the Greatest Boom in History
The Great Depression Ahead How to Prosper in the Crash Following the Greatest Boom in History
The [...]
China’s New Investment, Student Debt, The Faux Recovery and More!
China walks the walk… red nation agrees to major shift away from dollar reserves… Gold soars… Frank Holmes with a historic reason gold should keep rising… You know Peak Oil, but Peak Stimulus? Chris Mayer offers a compelling chart on government intervention… Dark data: Service sector, retail, jobs all disappoint, plus a shocking stat on student debt…
Walking the long, windy road toward the demise of the dollar, we spy another mile marker today: China is officially putting their money where their mouth is.
After clamoring for a reserve alternative all year, the Chinese government agreed to a $50 billion currency-diverse deal with the IMF today. Back in June, the deal seemed imminent. This morning, it finally came to fruition.
In their deal with the IMF — the first…
3 growth stocks for September
Don’t be afraid of the big bad wolf called the month of September. While it’s true that historically stocks don’t do well during this month, the more important factor is where we are in the business cycle.
After a recession, analyst estimates tend to b…
Peak Oil: Supply Data Doesn’t Lie
Despite the ‘demand destruction’ hype, it is interesting to note that during this severe global recession, worldwide oil usage has dropped by a minuscule 2.7%. So, what will happen when the world comes out of this recession? Who will rise up to the challenge and meet our insatiable thirst for energy? These are critical questions not many are willing to ask.
According to the US Department of Energy, liquid fuel demand in the developed nations peaked in August 2005 at 41.89 million barrels per day. Since then, it has plunged by 3.6 million barrels per day to 38.27 million barrels per day. However, you may want to note that despite these tough economic conditions, consumption has been extremely resilient in the…