The giant casino in the sky
It’s not really in the sky, it’s actually in New York, but for those of us who only interact with the casino through computers or brokers, it might as well be on the moon. The crude awakening, peak oil and the end of cheap energy
These guys do a great job explaining why you should care about peak oil. This presentation was given at the Michigan Energy Fair in 2006 by a group called The Institute for Sustainable Energy Education. (click below to view the rest of this video) I’m not concerned about peak oil
I believe it’s real and I plan to profit from it, but I’m not convinced it will be responsible for a major cataclysmic downfall of civilization, as some are predicting. If global oil production has peaked, that doesn’t mean oil will become scarce, it simply means oil will no longer be plentiful and cheap. Interest rates going over 20% – Jim Rogers
There’s nothing to add, I’ll just let Jim speak for himself. (click below for the rest of the video) Will the European Union survive?
This discussion between Jim Rogers, Marc Faber and Unilever chairman Antony Burgmans from 2004 explores the viability of Europe’s newest empire. The introduction is Dutch (I think), but the rest of the video is in English. It’s always helpful to analyze your favorite economists’ track records. (click below for the rest of the video) The real estate bottom
The real estate bottom is so far in the future it’s not even worth attempting a prediction. Real estate is not a liquid investment. Selling a property is time consuming, energy draining and expensive. Most people can not afford to buy anything without a mortgage, most people require the assistance of an agent, most people live in the only property they own, most people simply do not bounce around too often. Has gold reached bubble territory?
The recent pullback in gold prices has many commodity bears calling for a major correction in gold prices, possibly another $50 or more per ounce. While I certainly can’t rule out the possibility of a minor correction, the upward trend should continue over the next few years for the same reason it has been steadily trending upwards for the past several years — inflation. Up next: credit limit reductions
You will know we have entered the next phase of this American economic meltdown when individuals and corporations start to see their credit limits reduced without notice. It’s common knowledge that American Express, MasterCard and others are actively investigating ways to reduce their exposure to high-risk consumers and businesses. Work Sucks
I realized a few years ago, after working on a project that generated millions of dollars for my employer, that it doesn’t make sense to work hard to enrich other people. If you have the skills necessary to generate all those dollars for someone else, you should find a way to use those skills for yourself. Intentional Foreclosure
If you could trade your credit score for a nicer house, would you? Welcome to the new trend in American real estate. This could be interpreted positively, it would seem to indicate the number of future foreclosures will cause some to overstate the loss to actual revenue for lenders, but I would instead argue it’s more reason to be cautious when using the number of new mortgage applications issued or accepted as proof of some kind of recovery. |
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