This September 25th 2009 marked the one-year anniversary of Washington Mutual’s seizure, by the Office of Thrift Supervision (supposedly) as a result of insolvency (supposedly). Last year, on October 7th, I sent the SEC a (rushed) formal complaint highlighting my concerns regarding insider trading and other illegal activities associated with WaMu. After patiently waiting for one year but with no news from the SEC regarding indictments for what I consider to be have been blatant insider t...
Read moreI’m really sick and tired of these economists out there who continue to claim that America will not enter a depression. These are the same bozos that have yet to acknowledge the fact that the U.S. is in a recession and has been for several months now. In fact, as I have previously mentioned, I can make a very strong case that the U.S. has been in the early stages of a silent, modest depression for at least two years; at the very least a protracted recession masked by credit. After t...
Read moreIn America's Financial Apocalypse (extended 2006 version), I made the case for a trend of declining basic research from core scientific disciplines such as chemistry and physics. I also noted Western Europe's surge past the U.S. in patent applications. As the chart below illustrates, the U.S. is not increasing R&D expenditures as a percentage of GDP, while Asia continues to pump more and more money into R&D. Finally, I discussed the co...
Read moreThis September 25th 2009 marked the one-year anniversary of Washington Mutual’s seizure, by the Office of Thrift Supervision (supposedly) as a result of insolvency (supposedly). Last year, on October 7th, I sent the SEC a (rushed) formal complaint highlighting my concerns regarding insider trading and other illegal activities associated with WaMu. After patiently waiting for one year but with no news from the SEC regarding indictments for what I consider to be have been blatant insider t...
Read moreFor many years now we’ve all seen the reckless use of taxpayer funds by Washington. This irresponsible and unaccountable waste of tax dollars has been particularly prominent during President Bush’s tenure - from billions going to blow up bridges, roads and buildings in Iraq, only to rebuild them - to the Department of Homeland Security, which is no more than a joke. Meanwhile, America’s own infrastructure is in badly need of repair, with current estimates anywhere betwee...
Read moreMy advice is to find some people who you trust; those with proven track records, those who are not tied to the television shows. Figure it out. You are only going to be misled by the mainstream media. They will only come clean after it is too late, fooling you into thinking they actually warned you in a timely manner. But as you can see, this is simply not a reflection of reality. That is how the dotcom charade worked and that is how this one if playing out. It’s game that is played...
Read moreIt’s extraordinarily rare to find a book that provides specific securities analysis, enabling investors to profit based upon the recommendations. One of the reasons this is such a rare event is because there are so many variables that can change between the time the analysis has been made and when the book reaches readers. As a result, authors do not even attempt such an analysis. Of course another reason is due to the fact that most authors of investment books lack the practical experienc...
Read moreAfter meeting yesterday to wrap up the final touches on the Senate Finance committee's healthcare reform bill, Committee Chairman, Senator Max Baucus - a very good friend of the healthcare industry, has announced the bill is ready for a vote as early as next week.
Read moreI have said this is the past many times, and now I am going to say it with a bit more conviction. If you really believe there are two distinct political parties in America, you are a complete fool. Those of you who have fallen for Obama’s “American Idol” presidency, with all of the bells and whistles one would expect from a Hollywood production are just as ignorant as those who believe the lies and misinformation from talking head idiots like Rush Limbaugh, Bill O’Reill...
Read moreContinuing from Part 1 Contrary to the claim that Federated’s Prudent Bear Fund holds more short than long stock positions, if you check the current top holdings, you won't see a single short position. Upon closer examination, you will note that nine of the top ten holdings consist of precious metals mining stocks; so much for diversification. BUT, the total percent of these nine positions comes to less than 3% of the portfolio.
Read moreAs I sat at home on this early Saturday morning doing some research, I ran across an article I wanted to bring to your attention. First, I want you to notice the title. Next, I want you to notice the publication. And finally, I want you to ask yourself if the title/claim lives up to its expectations. The title of this piece is "How to Sell a Stock Short," published in Smart Money. Once again, we have another journalist who most like...
Read moreThe latest data on housing continues to worsen on most fronts. See here and here. In fact, the data is now showing strong indications of bold predictions I mad in 2006 and as recently as May 2008 – the prime mortgages would be next. For those of you who did not read my May 13, 2008 article, “NAR’s Yun Continues to Mislead on Housing” I have reprinted it below. NAR’s Yun Continues to Mislead on Housing NAR Chief Economist Lawrence Yun co......
Read moreAs many of you know, the media black-balled me and continues to today for a very good reason. They are protecting the agendas of their financial sponsors – the financial industry and corporate America, despite the fact that there are not even five individuals who collectively can match my track record. In the future, I will continue to provide examples of just how reckless the media hacks are. It should be a criminal offense for the media to air some of these guys, especially when the me...
Read moreI continue where I left off from Part 1 of this piece... It might seem like the guys interviewed by the financial media know what they’re talking about. But if their position is too superficial or too extreme, their guidance could actually prove to be worse than those who listened to Larry Kudlow, or “Mr. Perpetual Bull Market."
Read moreAmidst all of the media coverage, instead of real experts, what you see are data collectors (Robert Shiller), perpetual doomers – guys who have been preaching doom for two decades - Roubini, Schiff, Krugman and Faber. And now we see the “hindsight heroes” who are only jumping aboard now that things are obvious (everyone on CNBC, FBN, radio, and various financial websites). Any way you slice it, they’re all extremists. Extremists are largely useless and some...
Read moreContinuing from Part 1, I basically handed the ingredients for a Pulitzer to a few reporters from the New York Times and LA Times, but they were too ignorant and arrogant to recognize the full value of my donation. Alternatively, perhaps they were told not to pursue things by their superiors due to the ramifications to the banking cartel and the SEC. Either way, the truth was hidden from you. Let me elaborate a bit. You see, last year, I sent these journalists my 30-page forma...
Read moreAmidst the biggest financial crisis since the Great Depression (if not ever) and the biggest Ponzi scheme ever, (the real estate-banking Ponzi scheme) not one of the 65 Pulitzer Prizes was awarded for coverage of the events surrounding the “financial crisis.” Ironically, the media has yet to identify this crisis as the biggest Ponzi scheme ever, confirming their incompetence. Disgraceful? Yes. Surprising? No. It’s all about content. It’s always been...
Read moreDeficits, Debt and Excess Consumption As you may recall, in February 2008 President Bush unveiled a whopping $3.1 trillion budget that boost military spending and reduced health benefits for retirees. This was the first $3 trillion-plus annual budget in world history. Since there is no way Washington can come up with this money, Bush’s will end up creating another huge annual deficit. Of course this will have to be financed by investors – almost exclusively China – adding...
Read moreThe government and related agencies are responsible for reporting the nation’s economic data. Thus, they’re in the driver’s seat to manipulate this data, while dumping so much of it onto consumers that they can’t possibly analyze what’s really going on. Each day, “critical” economic numbers are released by one or more agencies connected to Washington. And consumers look to Wall Street and the media to make heads or tails of this data. Of cour...
Read moreI continue where I left off – discussing just a few of the ways Washington tries to fool us by its misuse and manipulation of data. Washington likes to remind critics that Americans enjoy the highest living standard in the world. As evidence of this, government “experts” discuss statistics such as GDP growth, employment, wealth, income and wage growth, and other economic data without defining exactly what they are referring to or explaining all the assumptions...
Read moreFor all of you out there who listen to economists and think they know what’s going on, hopefully you will begin to realize that the official data you see is nothing but an illusion after you read this multi-part series of articles.
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