Archive - Mar 2011 - Blog entry

I first published this essay in the Summer of 2009. At that time the whole world believed Obama’s Stimulus Program was working at that the stupid greenshoot recovery was underway. Today I’d like to reprint this essay because the same structural issues that plagued the US in 2009 are still valid and because this piece proved, two years ahead of time, that the US would suffer a massive economic collapse.

Until the mass of overbuilt homes and commercial properties are liquidated, credit will remain tight and unemployment will remain high. What you thought you knew about the credit situation is wrong.

The race for a piece of the growing drone pie has begun...

it's not just the Federal Reserve that is in denial but the commodity speculators, the equity investors and even the bond investors as the ALL believe they are going to get paid while MATH says that's not even remotely possible.

The Apple RDF (reality distortion field) is running at full tilt, and the pop tech media serves as an outsourced marketing arm for the firm. Actual reporting of the news, not to mention any real analysis, is simply non-existent. I debunk the following Apple.myths - Supply chain lockup = unassailable pricing, customers prefer iPads over everything else, & iPads perform better. Best of all, I actually take it to the streets to let real people decide the truth once and for all. Oh yeah, & here comes that margin compression countdown in 4 quarters, 3, 2, 1!!!

How many scientists does it take to screw in a light bulb? Too many....

The NFP was a snoozer. Today it is time to put the debate about Wells Fargo's Pick-A-Pay portfolio out to pasture. Please vote in the poll.

With crude prices bid up so much, traders are left with a dilemma - to be in the crude oil trade, players basically either have to take delivery, or rollover.

"That central banksta yid Ben--Sure makes a mean PONZI CALL!"

"Public pensions may be attracting the headlines, but the unraveling of private-sector pension security poses a much greater long-term challenge, even if it lacks a pyrotechnic confrontation to galvanize the media."

If you haven’t already taken steps to protect yourself from a US Dollar collapse, you need to start RIGHT NOW. Both Gold and Silver will perform well in the coming months. However, their performance will pale compared to other, less well know inflation hedges.

Why?

Everyone knows that Gold and Silver are the most obvious inflation hedges out there. And to be blunt, anyone who invests in these two assets will likely do very well in the coming months as inflation erupts in the US. However, to make truly ENORMOUS gains from inflation you need to find the investments that are off the radar... investments that the rest of the investment world hasn't discovered yet.

It’s common knowledge that stocks return an average of 6% a year (at least going back to 1900). However, Elroy Dimson, Paul Marsh and Mike Staunton from the London Business School recently revealed that when you remove dividends, stocks’ gains drop to a mere 1.7% a year (even lower than the return from long-term Treasury bonds over the same period).

For decades, the entire globe has been blessed with very cheap oil and this has resulted in a massive economic boom.
But times are changing.

Yesterday at Apple Inc.’s (NASDAQ:AAPL) live press event in San Francisco, CEO Steve Jobs unveiled the much anticipated second version of the iPad (iPad 2), which will begin shipping March 11th. Despite Jobs’ recent health concerns (he is still on medical leave), the man behind the most innovative technology company in the world right now was determined to unveil the iPad 2 on his own, and looked relatively healthy while doing it according to several attendees, saying that “we’ve been working on this product for awhile, and I didn’t want to miss it.”
The iPad 2 is a very impressive gadget – much like its predecessor – and should push the company further ahead in the tablet race (Apple owns 90% of the tablet market share selling approximately 15 million devices in nine months during 2010), making it that much more difficult for competitors to catch up in the near term. Here are some highlights of the iPad 2:

Banzai7 salutes the master!