Mark Best

The Downfall of Keynesian Economics and the U.S. (Part 3 of 3)

You have to live and work in foreign country for a while, to think about her as your own country to understand that they too have problems. As a matter of fact all foreign countries have more problems than USA. If all or some of them will dump US dollars, US will default and other countries that hold US debt will loose enormous amount of money. They in turn will default on their own obligations and all the currencies, not just US dollar will collapse. They are not going to honor your stocks in this situation. No one will care for gold. You will only need supplies of food and the gun to defend it.
Most of overpopulated countries with billions of people don’t have enough land to feed themselves. Some of them only have sand and oil. In the time they were self-sufficient, they had twenty times less people.

Hedge Fund Tracking: Ackman's Pershing Square, Q3 2008

I don't think any of his holdings are doing well now.

Inflation Remains Beyond Our Horizon to Predict

There is not going to be inflation until Mr. Obama and Ms. Pelosi reintroduce Automatic Cost of Living Adjustment from the 70s.

Precious Metals Will Depose Cash from Its Temporary Throne

Don’t forget one thing. In 1930s FDR outlawed private holding of gold (except for the jewelry) and forced Americans to sell it to the government at $35. Obama is much more to the left than FDR was, so are the both parties in the Congress. I can’t see why they would not do it again. They can pay government debt with your gold. This time other governments may join the fun.

S&P 500 Looks Ready to Bow Out

If so many people anticipate the test of 2002 lows it is very likely that we will go lower.