Live World Indices are powered by

Saturday, January 26, 2013

Jim Rogers,Chinese Communist Party, Nouriel Roubini, Peter Schiff

Investors' Insights:
Week Ending January 27, 2013 

"Investors' Insights"

Yes true, but the real important message is avoid wasting money or precious resources foolishly. This is what the Chinese do under the guise of state capitalism. That is why just like the Soviet system it will one day fall apart due to a lack of accountability, corruption and rabid cronyism. Expect another cultural revolution soon with a new group of animals running the farm.

Here's a great video on China's ghost cities that demonstrate the point that you may not be able to put enough lipstick on this pig to overcome the certain economic disaster that lies ahead.  Do the math. Most folks work for less than a dollar an hour: how many do they need to buy a $250,000 condo in Ghost Town? The results alone tell you there is something perversely inefficient about the whole economic system.

We are just staying away from this puppy caring less about their reported numbers - there's something in the air- Glasnost?

First Financial Insights
January 24, 2013

The party tables "GLASNOST" for voting?

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Gl...

Economist or Opera singer? You decide.

We have...

First Financial Insights

January 23, 2013

Now change your pitch(sic), Nouriel.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: Ho...

Three points we draw to your attention  when watching this show:

Talking heads - mostly meaningless gibberish and nonsense

Interest rate increases are inevitable ;collapsing asset values, banks. and economy

They ignore physical realities of shrinking pie fpr larger populations: their abstract remedies cannot enlarge the real pie.

Read our new book: Dummies Guide to Window Jumping

First Financial Insights
January 22, 2013

Peter, where's my guide?

Watch this Fox News video with Jim. Four major points here we concur with. There will be much more turmoil in the currency markets this year and many more as the abstractionist and neo-classical theories fall apart when reality sets in. Scarcer resources. Second, US bonds, particularly 30 year issues, are absurdly low, and when the dam breaks due to the pent up hyper-inflation caused by scarcer raw material inputs - these bond prices will collapse dramatically. Good shorts, but it is all about timing.

Buying Gold, Silver and other precious metals on big dips is sensible, as when the fiat currencies are debased due to inflation and the collapse in bonds, they should come out as winners by default. In the end, there is just nowhere else to go. 

Lastly, buy a farm. For if markets, economies, and societies self-destruct, then at least you have a chance of eating and living through the adversity. Don't forget to buy and learn how to drive a tractor - getting to be a popular trend in Greece nowadays. Hint, hint.

First Financial Insights
January 20, 2013 

Next year's BMW?