Tuesday, September 11, 2007

THE CONTINUING CRISIS

11.9.07
In all our publications, we have recently taken a good, hard look at several facets of the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/0910.html

Monday, September 10, 2007

FED: Putting Out Fire with Gasoline

10.9.07
So long as the Feds believe that liquidity is the answer and are prepared to pump more money into the financial system then we can only see further weakening of the Dollar and further strengthening of gold. As investors begin to realize that gold not only offers a safe haven for their wealth it is also offering attractive returns as demonstrated by Fridays close of $700.10/oz.
http://biz.yahoo.com/seekingalpha/070910/46792_id.html?.v=1

Saturday, September 8, 2007

Financial Storm

29.8.07
Now begins global financial instability. It is impossible to speculate how long today's turmoil will last-but there now exists an uncertainty and lack of confidence that has been unparalleled since the 1930s-and this ignorance and fear is itself a crucial factor. The moment of reckoning for bankers and bosses has arrived. What is very clear is that losses are massive and the entire developed world is now experiencing the worst economic crisis since 1945
http://www.zmag.org/sustainers/content/2007-08/29kolko.cfm

TOO BIG TO BE BAILED OUT

7.9.07
Even without the incentives of a government bailout luring more people into default, policy makers simply have no idea as to the scope of the problem.
http://www.financialsense.com/fsu/editorials/schiff/2007/0907.html

Sunday, September 2, 2007

Comptroller General warns (again), we're 'bankrupting America'

27.8.07
Except for a short piece in London's Financial Times, Walker's warnings were generally ignored by the American press, by the public and even by the very Congress that hired him and has the power to do something, yet still refuses to heed his warnings.
http://www.marketwatch.com/news/story/if-we-rome-wall-street/story.aspx?guid=%7BE71DF12D%2D6F67%2D4D51%2D8A77%2D1AA17A4C57BC%7D