More on Egypt…… It would so much more fun to talk about the history of Egypt and their rich monuments to mankind and the Gods….. However, there is something much more important going on in Egypt today that effects them mostly, and us possibly a lot – only time will tell. What is the cause [...]
Wild Cards…… The world is amazing and continues to show how hard it is to predict the future. Today I want to talk about some more Wild Cards that are making themselves present in our world today. Today’s Reality…. Lebanon – has had a change of leadership from Hariri who was friendly to the west, [...]
All the President’s Horses, couldn’t put……. President Obama gave his State of the Union speech on Wednesday night, and you have been bombarded by the pundits applauding or berating the speech. I will give you my “economic” view of his speech, and how it hits your pocketbook. The main thrust of his speech in economic [...]
U.K. economy shrinks — The U.K.’s economy unexpectedly shrunk in Q4, as inclement weather took a heavy toll on the construction and services sectors. GDP pulled back 0.5% compared to the previous quarter, marking the first fall in GDP since Q3 2009. Economists had expected a 0.4% increase on a quarterly basis. GDP was up [...]
Credit or Debt???? Debt is a very ugly word when you can’t pay it back. Our free world has been built on debt over the past 60 years. Naturally, the word debt is never used, but “credit” is the word used. Credit and debt are the opposite sides of the same coin. If you have [...]
The Markets Today….. It has been awhile since I talked about how the various markets are doing in the US, so now is a good time to look at these markets and explain a little of what is actually happening. Gold – as this is my recommendation for all readers to consider for inclusion in [...]
Vallejo….have you heard of this city before? Vallejo is a California city and is going bankrupt, and it has applied to the Federal Court in Sacramento for bankruptcy protection under Federal law. No city has ever gone bankrupt using Federal Bankruptcy protection law. This is a precedent, and I am bringing it to you for [...]
Let’s talk about Wikileaks a little while…… WikiLeaks gets Swiss bank data In a Swiss bank’s nightmare come true, former Swiss private banker Rudolf Elmer has handed over data on 2,000 offshore bank account holders to WikiLeaks founder Julian Assange. Elmer, who worked at Julius Baer until he was fired in 2002, is scheduled to [...]
Today’s Topic is China….. With the visit of Chinese President Hu to the White House, let’s diffuse the actual visit, and the rhetoric around the visit so you can more fully understand what is really going on. The headlines say “The Dollar should not be the world’s currency any longer.” – That’s what I’m reading [...]
The US Housing Market….. I think it would be worthwhile putting the size of our financial problems into perspective. First of all, the US Fiscal Budget Deficit is about $14 TRILLION. Let’s use that number as our benchmark. If we are ever to get back to a healthy budget, we have to pay off that [...]
