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Category Archives: General
Shilling: Hang On for a Rough Ride in 2012
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 … Continue reading
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FHA Is Insolvent
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 … Continue reading
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IMF: We Need $1 Trillion to Stave Off ‘1930’s Moment
“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 … Continue reading
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India to Iran: Forget Paper Money, We’ll Use Gold Instead
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. … Continue reading
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Economists: More Fed Easing Likely
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): … Continue reading
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