China in Midst of ‘Greatest Bubble in History,’ Rickards Says – Bloomberg.com

Posted by Matt in March 17th, 2010 | no comment

Published in China, Financial Crisis, Amp, Asset Allocation, Banks, Boom, China Economy, China S Economy, Crash, Doom, Economic Growth, Gloom, Harvard University Professor, Hong Kong, Jim Chanos, Kenneth Rogoff, Marc Faber, Midst, Misallocation, Professor Kenneth, Rickards, summit

“As I see it, it is the greatest bubble in history with the most massive misallocation of wealth,” Rickards said at the Asset Allocation Summit Asia 2010 organized by Terrapinn Pte in Hong Kong yesterday. China “is a bubble waiting to burst.”
Rickards joins hedge fund manager Jim Chanos, Gloom, Boom & Doom publisher Marc Faber [...]

World Economic Forum: Seeing Light Through the Gloom in Davos – World Economic Forum: Davos 2010 – TIME

Posted by Matt in January 22nd, 2010 | no comment

Published in Economy, Forecasts, 2000s, Boom, Charles Roxburgh, Debt Overhang, Downturn, Drag On, Economic Terms, Excess Capacity, Expand 2, Forum Davos, Gdp, Gdp Growth, Global Economy, Gloom, Mckinsey Global Institute, Seven Years, Snapshot, Unemployment Crisis, World Bank, World Economic Forum

In strictly economic terms, it’s not hard to display a snapshot of where things stand now. After declining an estimated 2.2% in 2009, the global economy is projected to expand 2.7% in 2010, according to the World Bank. But recovery is fragile. Excess capacity continues to dampen expectations of growth, and the unemployment crisis in [...]

America wakes up to the shift in global power | Andrew Sullivan – Times Online

Posted by Matt in December 5th, 2009 | no comment

Published in U.S., 1970s, Andrew Sullivan, Break, China, Decline, Emergence, Global Online, Global Power, Gloom, Left Behind, Morass, News Magazines, Raw, Ronald Reagan, Ruminations, Wealth Creation, Weekly News, Wings

I’ve long feared this moment would come. It feels like the late 1970s but with no cheerful Ronald Reagan in the wings and no obvious course of action to break out of the morass. The weekly news magazines are again full of ruminations on American decline; China’s emergence as the source of most of the [...]

Predictions of War, Financial Bust, and More Gloom-Minyanville

Posted by Matt in November 25th, 2009 | no comment

Published in Financial, War, Amp, Big Bust, Boom, Credit Expansion, Doom Editor, Economy, Gloom, Governments, Inflation Rate, Inquiring Minds, Marc Faber, Printing Money, Stimulus, Swiss Fund

Marc Faber, the Swiss fund manager and Gloom Boom & Doom editor, said eventually there will be a big bust and then the whole credit expansion will come to an end. Before that happens, governments will continue printing money which in time will lead to a very high inflation rate, and the economy will not [...]

The Future is Bleak Starting in a Few Years

Posted by Matt in September 25th, 2009 | no comment

Published in Economy, Financial, Amp, Blush, Boom, Capitalistic System, Collapse, Disaster, Doom, Gloom, Impoverishment, Marc Faber, Massive Government Debt, Segments, September Issue, Ticker, Yahoo

“The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society,” Marc Faber writes in the September issue of The Gloom, Boom & Doom Report.A statement like that pretty much speaks for itself, [...]