ABOUT SAFEHAVEN
At some point in your life you will want to, or be forced
to consider an investment program. The main criteria in choosing one
that is right for you is summed up in three words "Preservation
of Capital". Sounds pretty simple doesn't it? Remember, "Investing
is not Saving"! The mainstream media would lead us to believe otherwise
and seldom comment on the risks inherent in equity ownership or debt
investments. They are quick to point out the positive aspects of every
news event with prepared soundbites of information. They provide simple,
continual commentary on the respective markets to show they are up to
date with the latest developments. They don't comment on developing trends
until the trend is obvious to everyone; acting as cheerleaders for the
greatest bull market of the twentieth century. A cautious and more reasoned
approach is needed.
We are not permabears, nor are we bullish for the foreseeable
future. The Stock Market Bubble is not our greatest concern. The Credit
Bubble, however, when it inevitably implodes, will wreak havoc on all
sectors of the World Economy, including the Stock Market.
The articles from GoldenBar and PrudentBear are all a must
read. As a starter, we suggest you read On
the Manipulation of Money and Credit by Doug Noland of Prudent
Bear and Inflation
versus Deflation by Ed Bugos of GoldenBar.
These articles help towards an understanding of the Bubble and monetary
inflation. GoldenBar articles are published bi-weekly, and PrudentBear
is published Wednesday and Friday evenings. Please visit their web sites.
If you have an interest in long-term cycles, then start with Generations
and Business Cycles by Michael A. Alexander and Measuring
Financial Time: The Magic of Pi by Barclay T. Leib.
Also strongly recommended is David Jensen's In
Denial of Crisis and Antal Fekete's two series, Revisionist
View of the Great Depression and The
Goldbug Variations I.
We won't update every hour of every day- it is not necessary.
Bull and bear markets evolve over many months and years, and a single
news event has never changed the long-term direction of markets. If you
have written an article, if you wish to provide a link to a newsworthy
item, or if you have comments, suggestions, or recommendations, please Contact
Us.
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