Best Of The Best Share Discussion Threads

[traderabc] 06/6/2009 11:35

pt1/2 Profit From Commodities, Currencies and Bonds in time of Crisis Jim Rogers

[traderabc] 06/6/2009 11:34

China 'caught in US money trap' - 25 May 09

[traderabc] 06/6/2009 11:31

May 28, 2009
Gold Prices, Silver and Currencies

[bushtuckaman] 03/6/2009 12:01

'INTERNATIONAL. Investment gurus Jim Rogers and Marc Faber agree on one thing. They see a major correction looming in equity markets....'

[i_hopi] 30/5/2009 10:22

traderabc - 30 May'09 - 00:11 - 380 of 380
============

What utter tosh. I'm willing to bet even Marc Faber does not believe US annual inflation will get anywhwere near 23.1%, never mind 231,000,000%.

Still it keeps you anti US/West cretins happy just to be able to read such 'tripe'.

[traderabc] 30/5/2009 00:11

100% sure? Oh dear...


U.S. Inflation to Approach Zimbabwe Level, Faber Says (Update2)
By Chen Shiyin and Bernard Lo

May 27 (Bloomberg) -- The U.S. economy will enter "hyperinflation" approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.

Prices may increase at rates "close to" Zimbabwe's gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe's inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.

"I am 100 percent sure that the U.S. will go into hyperinflation," Faber said.

[traderabc] 24/5/2009 11:23

AGRI-FOOD THOUGHTS
by Ned W. Schmidt, CFA, CEBS
Schmidt Management Company
May 19, 2009

The road to deflation was a short one. It ran smack into reality. That reality is that the rest of the world does exist, and that North America is not the center of tomorrow's universe. The bursting of the credit fed hedge fund mania did yes hurt all markets. But, some of those markets are again being influenced by their structural, and longer term, dynamics. That China has not collapsed into a recession anywhere near the magnitude experienced by Western economies must come as a shock to many economists and strategists. They were wrong. That they do not understand the secular dynamics at play in Asia is now fairly obvious. In tomorrow's economic world, North America is slowly becoming a side show.

[traderabc] 24/5/2009 10:53

Gold -- Keeping it Simple

Chris Galakoutis
May 22, 2009

There can be little doubt that the US economy is in uncharted waters. The crash of 2008 and the US government's response -- and the world's response, for that matter -- were unprecedented, which means that many of the old rulebooks get thrown out the window.

With markets having stabilized and rising, however, the search is on for the next great bubble, the asset class that will be the recipient of worldwide money printing efforts. The famed Milton Friedman, a monetarist, did argue that after a small lag an easy money policy would bring on a sharp recovery in stocks and the economy.

[traderabc] 24/5/2009 10:40

Global Investor: Pound Is 'Terribly Flawed'

3:20pm UK, Friday May 22, 2009
Leading American investor Jim Rogers is certain Britain's economy will be downgraded in the forseeable future.



Veteran investor Jim Rogers has made millions for his clients

Speaking exclusively to Sky News Business, his gloomy outlook comes just a day after premier ratings agency Standard and Poor's revision of Britain's AAA rating to a negative outlook.

"Of course it's going to come, it's going to come in the US as well," Mr Rogers told Sky's Nina de Roy.

"The US should be downgraded already if you ask me, and the UK as well."

Singapore-based Mr Rogers, 66, has generated billions for his clients investing with hedge fund legend George Soros - who later made a billion betting against the pound.

"Both the US and the UK unfortunately both have gigantic debts, and both sets of politicians are making mistakes," Mr Rogers said.

"They're pouring huge amounts of money into the economy which is going to make some things look better for some people for a while, but it won't last."

Crucially, Mr Rogers believes the famous rating agencies are scared of revealing the dire state of American finances.

I'm still not that optimistic about sterling or the US dollar, I find both of these currencies terribly flawed

Leading American investor Jim Rogers

"I think the rating agencies are probably afraid to do it because Congress will come down hard on them and maybe the same with the UK," he said, adding that traders know the true state of affairs.

"It's not going to have that much of an effect because the market knows the situation so it doesn't matter whether I say you're AA or AAA or A."

Although the pound has rallied recently against the dollar, Mr Rogers insists problems are endemic for both currencies.

"We've already had a very nice rally over the last three or four months, if you compare to the US dollar - not necessarily compared to other currencies," he said.

"Even in 1930 the stock market went up 50% on it's way to going down 90%, but rallies are normal and I don't think that it's much more than just a normal kind of rally in a bear market."

180-jim-rogers

Jim Rogers is wary of sterling

Mr Rogers simply cannot get enthused for the pound.

"I'm still not that optimistic about sterling or the US dollar, I find both of these currencies terribly flawed," he said.

The banking system bailouts have saddled both countries and Mr Rogers insists it needs to stop.

He added: "The poor US and UK taxpayers have stupendous debts being forced on them and we are going to be faced with gigantic tax and debt problems very, very shortly because of what the politicians in Washington and in Whitehall are doing."

[traderabc] 22/5/2009 20:53

"The current downturn is not really a recession at all; it's more like a self-inflicted wound perpetrated by avaricious speculators who put a gun to the economy's head and blew its brains out. The banks and Wall Street have created a capital hole so vast that the entire economy is being sucked into the abyss. And it all could have been avoided."
-Mike Whitney May 2009

[traderabc] 22/5/2009 16:26

The Future of Food

[traderabc] 22/5/2009 14:31

Pilfered from the HOUSE thread.

slugabed - 22 May'09 - 14:19 - 110804 of 110806

Apologies to those not interested in our health but GMO foods under serious medical examination in the US.

GMO promotion was part of Blair`s vision for a new Britain -forward not back-undoing the `forces of censervatism` favouring Britain as a`city state` blah blah.This arrogant party overturned and destroyed the most learned of our country`s scientists , sidelined the PoWales and ignored the concerns of its wider party membership.

In promoting EU membership to East European states Blair also built a gateway for US agribusness ie. his backers to destroy traditional farming sending their farmers into construction jobs in the UK as well as Poland etc..

This news is a blow to US agribus and testament to the arrogance and indifference to the Britsh people by Bliar.

[traderabc] 22/5/2009 14:27

Thank you to the poster who brought this link to the thread.

[traderabc] 21/5/2009 23:20

U.K. May Lose AAA Rating at S&P as Finances Weaken (Update3)


By Lukanyo Mnyanda


May 21 (Bloomberg) -- Britain may lose its AAA credit rating for the first time as government finances deteriorate in the worst recession since World War II.

Standard & Poor’s lowered its outlook on Britain to “negative̶1; from “stable” and said the nation faces a one in three chance of a ratings cut as debt approaches 100 percent of gross domestic product. The pound fell the most in four weeks against the dollar, the FTSE 100 Index slid as much as 2.8 percent and the cost of insuring U.K. debt against default rose.

[notanewmember2] 21/5/2009 19:35

No, I bought it through amazon.

[traderabc] 21/5/2009 18:57

NANM

Did you find the audio book on a public site? If so which one please?

[notanewmember2] 21/5/2009 18:54

Just gone through the audio book "a gift to my children" - Lots of common sense and good advice in there.

If people used this advice, people wouldn't have lost millions in Madoff funds, bought useless overpriced commercial real estate etc...

Recommended for anyone just starting out in investing/trading, or the more experienced who have lost a lot of money in the financial crisis (and still don't know why/ didn't see it coming).

[648790] 21/5/2009 17:36

ok this is spam - please delete :)

[traderabc] 21/5/2009 17:30

Casey Files:
Tax Revenues Tanking

David Galland
Managing Editor, The Casey Report
May 21, 2009

While everyone else has been focused on the banks' stress tests and how much government is spending to bail out troubled "too big to fails," a disturbing trend on the other side of the equation is now emerging: how much (or rather, how little) the U.S. government is receiving in tax revenues.

[traderabc] 21/5/2009 17:17

Lol!

NZ hunts accidental millionaires
A NZ$100 banknote (image from NZ Reserve Bank website)
Some of the money was recovered

Police in New Zealand are searching for a couple who disappeared after a banking blunder deposited NZ$10m (£3.9m, US$6m) in their account.

The couple had applied for a NZ$10,000 overdraft but received NZ$10m in their business account instead, part of which they withdrew, local media report.

They are said to have run a service station in Rotorua, North Island.

Police believe the couple have left the country and Interpol has been alerted for assistance.