Donald Ingram

Will Silver Shine Like Gold in 2010?

Almost 100% of all gold ever mined is still with us. Not the story with silver. With all the silver ever mined there is only 15% left with us. Where is the other 85%? At the bottom of toxic dump sites (photographs), in all those electronic parts, in all those scrapped clunkers, etc. etc.
Silver is much more rare than gold. It's price will be much higher with a greater amount of volatility than gold. Ride the silver horse to greater profit. HI! Ho! Silver!

The New Normal Could Be That Way for a While

"booms and busts that will damage us".
Get ready for another shock coming to the globes financial system with the announcement today of Dubai's debt payment 'freeze' for six months.

Another 'V' Sign: Sharp Upturn in Consumer Spending

Wow! Ostriches with their heads in sand everywhere!
There is NO recovery.
The consumer of old is dead and gone.
Optimism is a good thing in the right place - then theres foolishness...
"A fool and his money are soon parted."

The Death of the U.S. Consumer

Jeff - Another great article, well researched, thought out and presented.
The only thing I would add is a word about demographics - the 'baby boomers' are not coming back to consume. Its too late for them. They are busy trying to rescue something/anything for their too close retirement. Many will end up flipping burgers or being Wal-Mart greeters in their old age just to make ends meet.
Remember, the 'baby boomers' still out number all the other segments of society. This generational bubble will substantially add to the societal cost as it ages vis a vis social security, medicare and senior housing. All those children of the boomers who had hoped for a sizable inheritance are now out of luck.

Case-Shiller Still Predicts Massive 45% Fall from Today’s Values

The value of the US residential real estate market at bubble peak was about $25 trillion. The value pre-bubble at the long term trend line was about $13.5 trillion.
Mortgage debt constituted about 45% of that, roughly $11 trillion and owner equity of 55% or $14 trillion.
The recent Case-Shiller average house price declines from peak of their twenty city survey is 28.1%.
This makes the current loss of value at roughly $6 trillion. House values have receded not quite halfway to their long term trend line. We are still nowhere near a house price bottom. With the Feds artificially propping up the real estate market and banks holding foreclosed properties off the market, or refusing to foreclose so as to not have to recognize failed loans on their balance sheets, the housing recovery will endure much more pain before a long, slow recovery can take place.

Thanksgiving Dinner 2009: Over the Past Year, Turkey Outperformed Gold

Who would have thought? One you eat - the other you sit on. Or is it the other way round? All these numbers - I'm so confused! Think I'll go see how the turkey is doing thawing.
For all you 'good ole boys' that deep fry your turkey - make sure you have a fire extinguisher handy! Don't burn down the house! Y'all take care now, and stay safe. Happy thanksgiving.

Housing Prices Are Rebounding

This is nothing more than a phoney bounce, compliments of the Feds artificially propping up prices with taxpayer dollars.

Case-Shiller Home Price Index Rises Again

The Case-Shiller house price declines from bubble peak through September, of their 20 city survey is an average of 28.1%. This represents a loss of about $6 trillion considering that the total value of housing at bubble peak was $25 trillion.
The long term trend line of total house value, pre-bubble was $13.5 trillion. House values have retreated not quite halfway to their long term trend line values. Another leg down on the way.

Case-Shiller: Home Prices Continue to Rise

The average house price decline from peak of the Case-Shiller 20 city survey is 28.1%, this is a value loss of about $6 trillion, considering that the total house value at peak was $25 trillion.
The long term trend line value pre-bubble was a total of $13.5 trillion. House values have receded not quite halfway to their long term trend line value. Unfortunately, when inflated prices fall back to a long term trend line they have a tendency to overshoot below that trend line, taking that much longer to return to normal.
Another leg down yet to come.

Case-Shiller Up Again, But Cracks Showing

The average of Case-Shiller house price declines from peak, of their twenty city survey is 28.1%, this is a loss of some six trillion dollars if the total value of US housing at bubble peak was about twenty five trillion dollars.
The long term trend line (pre-bubble) of house values is about $13.5 trillion. Therefore house values have receded about halfway to their long term trend line. Another leg down yet to come.

Seasonal Bump in Case-Shiller Home Price Index Abates

Good article. The value of US residential real estate at bubble peak was about $25 trillion. Mortgage debt constituted about 45% of that , $11 trillion and owner equity of 55%, $14 trillion.
The long term trend line value, pre-bubble of $13.5 trillion, the current value of about $19 trillion.
House values have receded not quite halfway to their long term trend line. We are still nowhere near a house price bottom. With the Feds artificially propping up the real estate market and banks holding foreclosed properties off the market, or refusing to foreclose so as to not have to recognize failed loans on their balance sheets, the housing recovery will endure much more pain before a long, slow recovery can take place.

U.S. Weekly Jobless Claims: Why You Can't Trust Them

The BLS numbers are highly suspect. Just the birth/death model adjustment is a complete joke now, having added 80,000 new jobs per month?
Remember back in September BLS announced it's stats out by some 800,000 jobs, that were counted in - instead of out? They are doing nothing about this discrepancy until February 2010, when it will be included in their updated revision.
No. I'll believe these latest numbers when they have been baked in the oven a little longer!

Unemployment Claims: Best Data We've Seen in a Long Time

The only thing where "less bad" is good! I'm happy that fewer people are losing their jobs. Now, try telling that to those that have just become newly unemployed?
It seems that the the more debt that is pumped into the system - the more unemployment we have. Approaching ultimate debt saturation point soon. You now get 18 cents of GDP growth for every $1.00 of debt. Poor return. No multiplier present here.

Has Gold Reached Tulip Mania Yet ?

Great graphics on your charts. The price of gold has been suppressed and controlled for almost forty years. If allowed by the market to set it's own price according to supply and demand since 1971, the price would be in the $7,000 - $11,500 range per ounce.
Not that the value of gold has gone up - its the value of paper (fiat) that has deflated. The more you inflate fiat money, the more you deflate it's perceived value. Gold always has been and always will be a store of wealth.

Another Crisis Looms Right Around the Corner

Tried buying ammo lately? Shelves are bare. Gotta put your name on a waiting list. I'm really glad I invested in my own re-loader kit. One problem - need more shell casings! Granddad used to say, "it doesn't take a smart man to freeze to death!" Better safe than sorry.


On Nov 24 02:52 PM OnTheBeach wrote:

> Stock up... Gold/Silver, Guns, Ammunition & MREs