Gerald Celente on the crisis in US capitalism and how to solve it
To some he is the greatest forecaster of trends of our time, to others a fringe doom-monger. But Gerald Celente has been more accurate than most recently in predicting economic upsets.
His view is that…
Read more »
Peter Schiff even more bullish on gold, ups price target to $10,000
Peter Schiff annoys some people with his ranting style of presentation but he has been right on gold. He is now upping his price target for gold from $5,000 to $10,000 an ounce.
The thesis…
Read more »
What would bring foreign investors back for GCC real estate?
The real estate crash in many key markets of the GCC since the global financial crisis struck in October 2008 has cast a long shadow over investment by foreigners in GCC real estate.
Crashes are…
Read more »
Standby for the Second Asian Financial Crisis
British economists wrote to Her Majesty the Queen to apologize for not seeing the global financial crisis on the horizon, or even just before it happened. Is the same mistake now being made by economists…
Read more »
Claims of UAE population growth in 2009 just incredible
Whenever national statistics arrive that appear very different from what common sense would dictate it is almost invariably the statistics that are wrong and not common sense.
So what are we to make of the…
Read more »
Official growth rates likely to understate the UAE recovery
The latest report from the UAE Ministry of Economy predicts that GDP growth will range between 2.5 to 3.2 per cent this year, depending on oil prices. But the bounce back from near recession last…
Read more »
Gold up 3%, stocks down 10% in May on safe haven shift from bonds
Investors who chose gold over stocks in May have been rewarded with a postive gain on the month, while US stock market investors had their worst May in decades.
This is not the pattern seen…
Read more »
Fiscal and monetary tightening to crash global stock markets?
Those who decided to ‘Sell in May and go away’ have been well rewarded in the worst May for the Dow since 1940. The Dow Jones Index fell by 7.9 per cent in May and…
Read more »
US money supply contraction only comparable to Great Depression
The M3 money supply in the US is contracting at a rate that is only comparable with the period 1929-1933. This is the hidden killer that the global economy now faces.
M3 began shrinking last…
Read more »
Marc Faber says S&P will fall 15%
Dr Marc Faber is well known for his forthright and contrarian views. He thinks that US stocks have another 15 per cent to fall before the cavalry comes to the rescue in the form of…
Read more »
