Gary Shilling, author of “Insight”, one of the many newsletters that I read monthly, was recently quoted in an article published after a speech that he gave on January 26, 2011. This from the article[1] (emphasis added):
Drawing on the dread of rising deleveraging comes yet another doomsday prophecy. This time it’s courtesy of Dr. Gary Shilling, economist and president of U.S.-based advisory firm A. Gary Shilling Inc. Continue reading
An article in “The Epoch Times” reports that, like Fannie Mae and Freddie Mac just a few years ago, the Federal Housing Administration is now insolvent. This from the article[1] (emphasis added):
The Federal Housing Administration (FHA) is deeply insolvent and headed toward a financial crash like that of Freddie Mac and Fannie Mae in 2008, according to analysis from the American Enterprise Institute (AEI) released last week. Continue reading
“The Sydney Morning Herald” reported last week that the International Monetary Fund is seeking $1 trillion to stave off a “1930’s moment.” This from the article[1] (emphasis added):
THE world will face a “1930s moment” of the kind that brought on the Great Depression unless money can quickly be found to support nations such as Italy and Spain, the International Monetary Fund says. Continue reading
In response to the upcoming freeze on Iranian Central Bank assets and the oil embargo imposed by European Union leaders (who were influenced by the United States which has imposed similar sanctions) India has decided to start trading in gold. This from an article published by “Debtka File”[1] (emphasis added): Continue reading
An MSNBC article last week noted that the majority of economists surveyed believe that another round of quantitative easing by the Federal Reserve is likely – and probably will happen sooner rather than later. This from the article[1] (emphasis added):
The Federal Reserve is likely to step in with $1 trillion worth of easing that could be announced as soon as this month, according to a growing consensus of economists who see the recent uptick in economic growth as unsustainable. Continue reading
In The News
