Best Of The Best Share Discussion Threads

[traderabc] 01/1/2011 16:27

Looking that way Balt.

edited

Snap! lol, you beat me by a few mins with the above link.

[049balt] 01/1/2011 16:21

I believe the big news story for this year will be inflation, mostly caused by rising food prices.

[traderabc] 01/1/2011 16:18

A New Year's On the Edge with Karl Denninger

[traderabc] 01/1/2011 11:55

We get 1% or 2% and they get close to 15%, it's not hard to see which country has a better future.


Singapore economy grows record 14.7% in 2010: PM

[omega09] 31/12/2010 12:52

Thanks for the links trader. I've got a hell of a lot of time for Schiff, the man really knows what he is talking about unlike some of those idiots arguing with him, such as the madman in red!

[traderabc] 30/12/2010 18:16

Peter Schiff on FOX News 12 09 10.flv




This is an education on how messed up America is, note the madman in red, Coombs is drunk and raving, Schiff must be cringing appearing on tv with these idiots.

12/28/2010 - Peter Schiff On FXBIZ




The Wisdom of Peter Schiff

[traderabc] 30/12/2010 18:08

Peter Schiff on Commodities (29-Dec-10)




Peter Schiff - Misguided Economic Euphoria (28-Dec-10)

[traderabc] 30/12/2010 17:59

Keiser Report: Feedom & Plutocracy

[traderabc] 30/12/2010 14:41

December 28, 2010
Rogers International Commodity Index New Weightings
Rogers International Commodity Index New Weightings
Jim Rogers and Beeland Interests, Inc. announced today the following adjustments to the Rogers International Commodity Index (RICI).

The RICI Committee decided to reduce the weight of Wheat (CBOT) from 6% to 4.75% and to increase the weight of Rice (CBOT) from 0.50% to 0.75%. In addition, the RICI Committee decided to add Milling Wheat (NYSE Liffe) as a new component to the RICI at the weight of 1%. These adjustments will be implemented during the January 2011 roll period and re-evaluated by the RICI Committee at its next annual meeting in December 2011.

The RICI represents the value of a compendium (or "basket") of globally traded commodities (38 commodity futures upon effecting these adjustments) employed in the global economy, ranging from agricultural and energy products to metals and minerals. The RICI and its various sub-indexes are used by many investment banks and investors throughout the world. As of the end of November 2010, the RICI had increased by over 250% since inception.

[traderabc] 29/12/2010 11:24

2011: The Year Cities Go Bust?



Washington's Blog
Wednesday, December 29, 2010

As the Guardian noted last week:

More than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown, a leading analyst has warned.

Meredith Whitney, the US research analyst who correctly predicted the global credit crunch, described local and state debt as the biggest problem facing the US economy, and one that could derail its recovery.

"Next to housing this is the single most important issue in the US and certainly the biggest threat to the US economy," Whitney told the CBS 60 Minutes programme on Sunday night.

"There's not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizeable defaults – more. This will amount to hundreds of billions of dollars' worth of defaults."




60 min

[traderabc] 29/12/2010 10:31

A good documentary which explains why Rogers was and is right about the UK.
Apologies if I've posted this before .

Britain's Trillion Pound Horror Story 1-5

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[traderabc] 28/12/2010 19:37

Keiser Report: Bank of America Sucks & Blows

[traderabc] 28/12/2010 14:10

Observations

Richard Russell snippet
Dow Theory Letters
Dec 28, 2010

December 27, 2010 -- I have posted below the year-end price of gold starting with the year 2000, the first up-year of one of the greatest and least appreciated bull markets in history. Take in this series, you may never see its like again.

2000 -- $273.60
2001 -- $279.00
2002 -- $348.20
2003 -- $416.10
2004 -- $438.40
2005 -- $518.90
2006 -- $638.00
2007 -- $838.00
2008 -- $889.00
2009 -- $1118.40
2010 -- ?

I've been around a long time, and I've studied many primary bull markets. And now I want to venture a few of my observations.

In markets, I have never seen a series like the above end with a whimper or a fizzle. The end or the wind-up of such a series usually arrives with an upside "explosion," as those who have failed to participate in the series finally rush in to join in the apparent endless advance. This is the wild and wooly speculative phase of a great bull market. Big bull markets don't end with a sigh, they end in exhaustion.

[tomkin] 28/12/2010 13:38

complete nutjob

[traderabc] 28/12/2010 13:16

The Curious Case Of The Journalist Correcting The Economics Professor On Economics!

[traderabc] 27/12/2010 15:17

America in Decline: Why Germans Think We're Insane
By Democrats Ramshield, AlterNet
Posted on December 26, 2010, Printed on December 27, 2010



As an American expat living in the European Union, I've started to see America from a different perspective.

The European Union has a larger economy and more people than America does. Though it spends less -- right around 9 percent of GNP on medical, whereas we in the U.S. spend close to between 15 to 16 percent of GNP on medical -- the EU pretty much insures 100 percent of its population.

The U.S. has 59 million people medically uninsured; 132 million without dental insurance; 60 million without paid sick leave; 40 million on food stamps. Everybody in the European Union has cradle-to-grave access to universal medical and a dental plan by law. The law also requires paid sick leave; paid annual leave; paid maternity leave. When you realize all of that, it becomes easy to understand why many Europeans think America has gone insane.

[traderabc] 27/12/2010 12:32

The ghost towns of China: Amazing satellite images show cities meant to be home to millions lying deserted


By Daily Mail Reporter
Last updated at 10:53 AM on 18th December 2010




The mostly empty city of Bayannao¿er, which boasts a beautiful town hall and World Bank-sponsored water reclamation building



These amazing satellite images show sprawling cities built in remote parts of China that have been left completely abandoned, sometimes years after their construction.

Elaborate public buildings and open spaces are completely unused, with the exception of a few government vehicles near communist authority offices.

Some estimates put the number of empty homes at as many as 64 million, with up to 20 new cities being built every year in the country's vast swathes of free land.

The photographs have emerged as a Chinese government think tank warns that the country's real estate bubble is getting worse, with property prices in major cities overvalued by as much as 70 per cent.

[traderabc] 27/12/2010 12:31

Ron Paul, Tom Woods, Jim Rogers and Judge Napolitano Take On the Fed

(Jim Rogers starts at min 13.30)





"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem

[traderabc] 26/12/2010 16:02

[OTE88] On the Edge with Danny Schechter

[traderabc] 26/12/2010 10:00

A remarkable piece of historical footage, this guy understood the situation back in 58, it's taken many years for these facts to be acknowledged, there is little doubt that this was, is and will continue to be the agenda.


Robert Welch in 1958 predicting Insiders plans to destroy America




John Birch Society

[traderabc] 26/12/2010 09:52

Sorry for the gloom but on the economic front it looks unlikely that we'll be having a 'happy new year'

Serious problems ahead for the British pound




December 21, 2010 – Last week the British pound fell 3.0% against the US dollar. Some say it was because of UK bank exposure to Spain, which Moody's warned could be downgraded. Others blamed the UK's close economic link and heavy debt exposure to Ireland, which Moody's did actually downgrade last week by 5-levels to Baa1. This low grade is barely above junk status.

These downgrades in different corners of Europe no doubt had some impact on Sterling's weakness, but there is I think another factor closer to home. It is the growing awareness of the runaway spending and borrowing by the British government.

Despite all the rhetoric and promised cuts in spending by the newly elected coalition, the hard fact is that government spending and borrowing continue to soar – and look as if they are spiraling out of control. The following chart illustrates the magnitude of the problem as UK government debt nears £1 trillion.

[traderabc] 26/12/2010 09:51

Economic Armageddon? - End the Fed