‘Buy farmland and gold,’ advises Dr Doom – Times Online

Posted by Matt in February 27th, 2010 | no comment

The world’s most powerful investors have been advised to buy farmland, stock up on gold and prepare for a “dirty war” by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash.
The bleak warning of social and financial meltdown, delivered today in Tokyo at a gathering of 700 pension and sovereign [...]

The next great crisis: America’s debt

Posted by Matt in June 9th, 2009 | no comment

Published in Economy, U.S., Barack Obama, Collapse, Combatants, Common Names, Debt Crisis, Decade, Economy, Federal Debt, First Names, Nobel Laureate In Economics, Passion, Path, Paul Krugman, Paul Ryan, Political Poles, Pundit, Rapid Increase, Republican Congressman, Stimulus

At this rate, your share of the load will be $155,000 in a decade. How chronic deficits are putting the country on a path to fiscal collapse.
Normally Paul Krugman, the liberal pundit and Nobel laureate in economics, and Paul Ryan, a conservative Republican congressman from Wisconsin, share little in common except their first names and [...]

Economy Booming Again? Seriously?

Posted by Matt in April 17th, 2009 | no comment

Published in Economy, U.S., Cnbc, Commercial Real Estate, Credit Crisis, Credit Losses, Deflation, Estate Arena, Estate Business, Financial Crisis, Fire Sale, General Growth Properties, Global Credit, Global Financial Crisis, International Monetary Fund, International Monetary Fund Imf, Inventory Levels, Mall Operator, Meltdown, Moratoriums, Office Tenants, Pundit, Signs Of Life, Temporary State

Here’s why the economy is NOT going to be booming again real soon:
1. We’ve only acknowledged $1.29 trillion of the $4 trillion in total global credit losses to date.
2. Foreclosure filings hit a new record high of 341,000 in March, 2009.
3. The COMMERCIAL real estate business is in full-scale meltdown mode.
4. The consumer is still [...]