Global Uncertainty: The Next Bull Market

We live in a time of great global uncertainty and I’m 100% sure it’s downhill from here. I admit sometimes I just want to pick up everything and leave America because so many people, especially of my generation, just don’t get it, so nothing will change until it’s too late. We are giving away our freedoms without a fight and expect no repercussions. In the internet age we have unprecedented…

Capital Flight in Europe

Even the casual observer in economic matters knows that something is wrong. There is a grave misconception that the average person is surprised when a crisis hits. I think it’s more accurate to say that people are surprised by the magnitude of a crisis. Most people who bought real estate in the bubble years knew they were buying high, they just wanted to sell to a greater fool. The same goes for…

Greece has 46 Hours to Exit Euro

Reports are surfacing that Greece is going to exit the Euro imminently. We are now witnessing things that were deemed to be “impossible”, “politically unviable”, or slightly “conspiratorial.” As I said many times before, volatility is going to return the second half of this year. This is only the beginning. Global markets should be pretty volatile, especially with short interest so high in places like Asia. The threat here is that…

New Website

Hi all, just started a new website Las Vegas Property Investing. I’ll be posting things related specifically to real estate in general and Las Vegas real estate specifically at that website. The site should be a good source of information for those who are interested in real estate investments. Spread the word, and be sure to follow us on Twitter and Facebook! Follow

Financial Panic Lurks Around the Corner

As we enter the 2nd half of the year, I will become a lot more serious in my warnings that something monumental is brewing. Sure the stock market is rallying, which I warned it would, but this is not a sign that our economy is out of the woods; it merely shows that capital is already looking for a hedge against sovereign debt. What I’m telling you is the truth,…

Gold and Precious Metals

Government Stupidity Now Moving Markets

Gold up $70, the Nasdaq down 4%, the VIX up 20%: these are the effects of government stupidity. Our leaders, most notably President Obama, had a golden opportunity to inspire confidence in Americans by coming together on a debt deal that made sense. Instead, politicians confirmed  they are bungling buffoons that have no clue. This is not a drop in confidence, this is a collapse in confidence. There’s a difference….

The Debt Crisis: Stupidity Reigns Supreme

It brings me great joy that another record high in gold was greeted with yawns. Without popular media frenzy there is no bubble, period. It is just not time yet. I have no doubt that gold is going to several thousand dollars an ounce. The wave of effective defaults is already in motion, first with quantitative easing in America and second with the haircuts for Greek bondholders. The bailouts will…

Why My Pessimism is Growing

I hate to say this, but I am probably going to be a lot more pessimistic about our economic prospects moving forward. Confidence is collapsing  as nearly half of Americans think we are headed for another Depression. Our leaders are showing they are true morons who can’t come to an intelligent solution to this debt crisis. Gold is rising and those who screamed for years that gold was a crowded…

Gold Hits Record Highs

It’s amusing to me that we live in such times of deception where people try to deny blatant truths. It’s just amazing that the government can claim our economy is out of recession when unemployment has risen this year from 8.8% to 9.2% and housing has double dipped. Coming out of recessions, we are supposed to be experiencing explosive growth;  not average growth, not below-average growth, but explosive growth. If…