xsuddensam

The Perfect Storm: Semi-Annual Economic Review

A well written, no nonsense and informative article.


Regarding investing in emerging markets, the author says:

"....That said, not all emerging markets are created equal. Many emerging markets are cheap because they are genuinely at risk. Here the things to look for are poor current account balances, trade deficits, government budget deficits and a track record of over spending, and worst of all high levels of external debt with a low level of fx reserve protection. Sounds familiar? Yes, that was Asia a decade ago. "

Sounds familar? Yes, that is the United States today. So why would anyone want to invest here?

The Great Dollar Pump of 2008: A Doomed Central Bank Intervention

Great article!

Why am I not surprised by the underhanded dealings of the banking industry. There has been no logical reason for the dollar to rocket up in the past two months other than currency manipulation. Government participation and intervention along with gross mismanagement of our banking and financial institutions are ruining the free market.

What's Next for the U.S. Dollar?

"........Central Banks will be chopping away at their interest rate levels running their printing presses creating money for the system."

You should be more concerned of the long term implications of central banks continuing to print more and more money to solve immediate economic and financial problems. It's hard to believe that there are those who continue to subscribe to this insane behavior. History and reason contradict any possibile long term success with this vicious circle of borrowing and printing more and more money. Monetary inflation and uncontrolled public and private borrowing are the causes of all our problems.

Maybe we are so deep in debt that we can no longer stay afloat without continuing this madness. Reason stands that eventually, this house of cards will crumble.