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Markets

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McMansion Ghost Towns

Aug 03, 2008 at 00:00

I just handed in a manuscript for a new book ... I've been worrying that the "ghost town" reference was a little too extreme. But today's Wall Street Journal dispelled…

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Honest Money Gold and Silver Report: Market Wrap

Aug 03, 2008 at 00:00

The trend is your friend. If you are feeling down about the recent action in the gold stocks, take a look at the big picture with this chart ...

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The 2 year Cycle Low

Aug 02, 2008 at 00:00

The Breadth Summation index (BSI) turned up from very oversold levels and changed our stance to Neutral since July 3rd, 08 from our Sell the rallies since June 6, 08.…

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'EURANIUM': Weaponized Fiat

Aug 02, 2008 at 00:00

The euro's architects have recognized that the worldwide dollar-reserve system cannot be sustained. The reason: The US Fed's dual - and conflicting - mandate of price-stability and full employment. The…

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Technical Market Report

Aug 02, 2008 at 00:00

For the past week or so the market has been consolidating without any major glitches. There should be another leg up, soon. I expect the major indices to be higher…

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The Rise of A New Asset Class

Aug 02, 2008 at 00:00

I believe that over the next 20 years the US economy will grow at roughly a rate of 3 percent compounded, in real terms. But I believe that we have…

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The Uppers

Aug 01, 2008 at 00:00

For years now, the leveraged speculating community has profited handsomely from taking leveraged positions in higher-yielding business loans. Borrowing from Wall Street was easy, and it was just as easy…

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If It Walks Like A Recession And Talks Like A Recession, It Must Be A Recession

Aug 01, 2008 at 00:00

fter the November elections, the National Bureau of Economic Research will tell us what we and the Fed already know - the U.S. economy currently is in a recession. Industrial…

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Merk Economic Calendar: Week Ahead In US Financial Markets (August 4-August 8 2008)

Aug 01, 2008 at 00:00

We expect to see the impact of the fiscal stimulus begin to ease in June. Our forecast implies that personal spending will advance 0.4% vs. the 0.8% posted in May…

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Betrayed by the Village Idiot

Aug 01, 2008 at 00:00

I say that the lesson to be learned here is that we have been betrayed by Congress, again and again, as it screws up everything it touches, which is what…