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“… my ultimate targets for the S&P 500 may actually have been too optimistic. My price target is now in the 350-400 range which is still a decline of 40-50% from current levels,” said guest contributor Bennet Sedacca. Also, he sees the ultimate low only by early to mid October 2010. Read on … [...]
Another week and another plunge of equities on fears about the intensity of the global recession and renewed skepticism regarding the beleaguered financial sector. And, yet again, flight-to-safety trades such as the US dollar and government bonds took center stage. Read all about this and the implications for financial markets in my weekly “Words from the Wise” review. [...]
Along with guests Jim Rogers and Michael Hudson, this post features Max Keiser discussing angry bailout losers in the US, a “monetary Stalingrad” in Eastern Europe and whether Swiss banking can survive without tax cheats and money launderers. This is must-view material. [...] More on this topic (What's this?) Prepare for Europe – "It's Going to Be Ugly" (Money Morning, 1/16/12) Almunia Insists the Eurozone Could Withstand a Member’s Collapse (Money Morning, 3/3/09) Take Heed! How the European Crisis Could Hurt U.S. Stocks (Wall Street Daily, 1/19/12)
The intricacies of the financial crisis is not well understood by all and sundry. The explanation in this post arrived in my inbox just in time to share with you for light weekend reading and to assist in a humorous manner in debunking the myths of the crisis. [...] More on this topic (What's this?) How to Survive the Financial Crisis (Learn Financial Planning, 2/8/09) The New Banking Bailout Plan Reconstitutes Some of the Same Ingredients That Touched Off the Fina... (Money Morning, 2/12/09) The $9.7 Trillion Bailout (Wealth Daily, 2/9/09)
This post features Nouriel Roubini’s team discussing the re-emergence of global protection, saying: “As governments around the world fight rising unemployment, falling exports and bank credit crunch, and several central banks are facing liquidity traps, many are turning to restrictions that privilege national producers. These populist measures attempt to minimize growth impact, social unrest and pain from the credit crunch that poses a risk to several ruling governments, especially those facing elections soon. Furthermore, some officials hope that such restrictions will reduce the leakage of the scarce funds used in bank bailouts and fiscal stimulus to other countries.” [...]
Source: Tom Toles, Washington Post, March 5, 2009.
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