TomF75

Doug Casey: What to Do in 'The Greater Depression'

Not to play Devil's advocate here, but in the last paragraph where it mentions the authors previous books:

Crisis Investing: Opportunities and Profits in the Coming Great Depression in 1979...in 1993, with Crisis Investing for the Rest of the Nineties. In between, his Strategic Investing: How to Profit from the Coming Inflationary Depression (Simon & Shuster, 1982) broke records for the largest advance ever paid for a financial book.

It seems to me that whenever this guy comes out with a book about "crisis investing" the crisis is pretty much over.

Great Depression in 1979...umm don't think I recall that one?

Crisis investing for the 90's...yeah with the exception of that LTC/Asian blip in '98 I think that was a pretty good decade for equity investors

Coming Inflationary Depression in 1982...Does it count if the author is 28 years to early?!?!? I mean a broken clock is right two times a day after all.

I don't deny that the US and Western Europe have some serious structural deficiencies to deal with, but it seems like if you followed this guys investing advice you would've had to hawk your possessions at the nearest pawn shop a long time ago.

Is Cheap Oil Compatible with Growth?

I agree Fitzman, here are some stats that both disturb me & boggle my mind:

Canada 24.98 bbl per capita/year
USA 24.82 bbl per capita/year
Korea 16.12 bbl per capita/year
Australia 15.31 bbl per capita/year
Japan 15.30 bbl per capita/year
Germany 11.63 bbl per capita/year
Britain 10.86 bbl per capita/year

I just cannot fathom how the US & Canadian economies can be so vastly innefficient that they consume nearly DOUBLE per capita the oil the rest of the industrialized world does (including the Australians who love big fast cars as much as we do). Granted these stats are based on 2005 consumption, and hopefully the gap has closed somewhat, but something tells me it is probably bigger!

Is the Second Great Depression Imminent?

I have to agree Chris B, when did the religious looneys begin fostering this Judeo-Christian heritage BS on us. Our libertys are based more on English/Dutch traditions of personal freedom than ANYTHING. Last time I looked:

Israel didn't exist as a country until 1948
Germany & Italy were dictatorships until 1945
France was in & out of dictatorships until 1870
Spain was a Fascist state until 1975
Russia is STILL a dictatorship

I also love the term "Judeo-Christian" that was all of a sudden inveneted by these nudnicks when after 200 years of burning crosses and books someone finally reveled to them Jesus was in fact a Jew.


On Dec 16 10:58 AM Chris B wrote:

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Consensus Crude Oil Estimates

Weren't these the same "experts" who were guaranteeing us $200 oil by the end of the year. I believe these people know what they're talking about as much as I believed them when we were told over and over the "sub-prime crisis is contained" and we're going thru a "soft patch".