Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for Business

Rosenberg’s Morning Post

David Rosenberg’s morning post is always worthwhile. I particularly liked this reminder/warning: “there is still so much debt that is still being supported by questionable collateral.” And this comment: “we currently have a situation that is not consistent with a plain-vanilla recession but with a depression.” To access his full report: Read full article (PDF [...]

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Retirement, For Whom?

… your $200,000 ten years ago has been halved in terms of purchasing power. However, in terms of planning purposes, your anticipated retirement amount has been reduced by 75%. Given these outcomes, who will be able to retire? And for those already retired, how many will “unretire?” For Buy and Hold investors, better have a [...]

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Meredith Whitney is Half Right

Meredith Whitney hits part of the problem precisely: the Fed cannot ease off  purchases of mortgage-backed securities without a collapse of the housing market and the economy. She doesn’t deal with what happens if the Fed continues to support the housing market. This disguised quantitative easing necessary to support the housing market will lead to [...]

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Why Obamanomics Will Not Improve The Economy

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” Friedrich Hayek The economic programs and policies currently in place are truly astounding. I don’t think I have ever seen a more harmful economic environment for the country. While some of these programs [...]

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Falling Dollar, Foolish Foreigners and Blanche Du Bois

WHY THE FALLING DOLLAR IS HARMFUL There are several reasons for foreign investors to stop buying Federal Government debt. One is merely the diversification motive. They already hold too many denominated assets. Second is the risk of default which grows along with our deficit. Third is the lack of returns or actual losses they incur [...]

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