What caused our bubble economy, what's the evidence it exists, and how can you profit? You'll need excellent timing, but euros, gold, and bear market funds are once-in-a-lifetime opportunities for immense riches as this bubble economy pops. itulip.com's Eric Jantszen authored the gold chapter.
A complimentary copy of this book goes to the person with the most convincing case that the San Diego housing market will stabilize, and not decline 30-50% over the next 3-5 years per my forecast.
John Talbott nails it with this expose of the bubble, future bankruptcy of Fannie Mae, banks, and mortgage lenders, and the upcoming recession, and asks whether our housing prices can deflate for 18 years as in Japan. A must-read for anyone considering purchasing a house and wondering about housing's impact on the economy.
At last: a layman's guide to business cycles from a former Goldman Sachs retail analyst. Elliott's charts dating from the 1960s show conclusively that wages and consumer spending lead the economy, and unemployment and recessions are lagging indicators. Elliott's insights, which he now freely shares in the book and via updated charts on his website earned him the title of #1 retail analyst for 18 years.
Ever wonder where all the money came from to fund the housing bubble, stock market bubble, and the huge capital inflows into the US in the last decade? How are bubbles created, what are the consequences when they pop, what is the US Fed Chairman most afraid of, and how did the global economy fare during the last U.S. recession?
Duncan answer these questions using Federal Reserve data, especially the Flow of Funds report (probably a hundred tables in the book). He explains the scale of global disequilibrium, why China is a bubble economy waiting to pop, and the US dollar is going to collapse.
Duncan analyzed Thai companies in their 1990 bubble years, while a securities analyst for international brokerages, and saw first hand the rise and destruction of a bubble caused by credit and trade imbalances. He also consulted for the International Monetary Fund and World Bank.
"From both an economic and monetary perspective, the United States is a house of cards—impressive on the outside, but a disaster waiting to happen beneath the surface. In a relatively short period of time, the country has gone from the world's largest creditor to its greatest debtor; the value of the dollar has declined; and domestic manufacturing has given way to non-exportable services. While these and other issues could potentially spell disaster for your financial well-being, the situation could also present unique opportunities—if you're prepared." Schiff is the President of Euro Pacific Capital
The DVD features some terrific extras, including the
full "Mr. Money" program, extended interviews with
Elizabeth Warren and David Szwak, and messages from
Dave Ramsey and Americans for Fairness in Lending
(AFFIL).
The discounted price on amazon.com is $16.99, which
looks like the best deal. Bulk discounts are
available from Magnolia Home Video.
Happy viewing!
James
A comedy about three quirky realtors and their clients, who make multiple offers on the same home. Hilarious!
Former hedge fund and risk manager, testified on October 2, 2007 to the House Financial Services Subcommittee on regulators' ability to react to systemic risk in the financial system
This is a great DVD. Amazon.com Editorial Review, excerpt
While many Americans are "maxing out" on credit cards, there is a much deeper story: power is shifting into fewer hands...with frightening consequences. IN DEBT WE TRUST reveals a hitherto unknown cabal of credit card companies, lobbyists, media conglomerates and the Bush administration itself, which has colluded to deregulate the lending industry, ensuring that a culture of credit dependency can flourish. In the film, Schechter exposes the mechanisms and machinations behind the hidden financial and political complex that allows even the lowest wage earners to indebt themselves so heavily that house repossessions have become commonplace.
Greenspan's bubble policies cause most of us to be worse off. Finally, a rebuttal to Greenspan's self-promoting book The Age of Turbulence. Bill Fleckenstein, a hedge fund manager who predicted both the stock market, credit, and housing bubbles, explains that low interest rates created bubbles and the redestribution of wealth from poor and middle income Americans to the wealthy, and have left this country worse off.
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