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Picking out Berlin as an example why German (i.e. the entire country) real estate is cheap is like picking out GE and claiming how "US stocks are cheap across the board". Possibly there are good reasons for GE and Berlin real estate being in the dumpster. For once, GDP per capita is 23.300...

BNP Paribas's Redeker Says Pound May Rally Up to $1.72 :cool: http://www.bloomberg.com/avp/avp.htm?N=av&T=BNP%20Paribas%27s%20Redeker%20Says%20Pound%20May%20Rally%20Up%20to%20%241.72&clipSRC=mms://media2.bloomberg.com/cache/vv__DKI3au74.asf

Unfortunately, I bet most dumbass investors with his only ever heard of him and his amazing "strategy" (buy foreign stocks stocks with zero risk and money management, average down into losing positions, what an amazing radical strategy) in 2007/2008 -- and not in 2000/2001/2002. I'd not be...

You don't get it. Hendry has a public track record that makes him accountable. Schiff doesn't. Talking heads like Schiff do not want to be held accountable. They just go back in history and claim victory on the calls that turned out right and they want the public to forget about the calls they...

How many people saw their trading accounts empties as they bet on dollar collapses that never came -- predicted by golf bugs and talking heads (1980, 1990, 2008)? Is this time different and the dollar index drops another 75% over the next 5 years? Or did we simply go from an overvalued/EUR...

Two people who called the mortgage meltdown: 1. Peter Schiff - Got his head handed to him; lost his clients money in 2008. Loves publicity. Goes on TV on how he was always right and never wrong and saw everything coming and "positioned his clients accordingly". 2. John Paulson - Made himself...

Did you now recommend him to flip positions and short the SP500, considering how convinced you are that the SP500 will see new lows in the near future?

It seems Schiff is immensely popular with the youtube/college kid crowd. Obiously, his obscure economic theories have an appeal with that audience.

"Record profits in fixed income trading" = banker lingo for CDS payouts from AIG courtesy of US taxpayers :cool:

Did you look at the actual numbers, 1990 till today? The SP500 (price index, without dividends) is up 280% from 1990 -- that's 5.7% annualized, beating CPI inflation. The Dollar Index is down a "horrendous" (as the gold bugs say) 14% over the same 19 year time period, still allowing for a...

From Gluskin Sheff/Rosenberg, regarding the "breathing room" of the US to increase taxes in order to service future debt, putting intermediate-term US sovereign default risk into perspective (the sectors loaded with debt and facing borderline bankruptcy are private households, banks and...

IMO Laffer is spot on with much higher taxes to come; marginal top bracket tax rates during and after the Great Depression:

Just for reference (courtesey of http://globaleconomicanalysis.blogspot.com/ )

Just like the Japanese tried to substitute imploding corporate spending by government spending (as companies shunned new debt and cleaned up their balance sheets). Despite trillions of USD in stimulus, bailouts and quantitative easing, all the Japanese eeked out over 20 years is a sideways...

Laffer should have been fair and extended the graph all the way back to the 30s. There was a similar spike - but Oh God - that period saw no hyperinflation but deflation. That would have contradicted the article so he opted for a time series starting in the 60s :cool:

What if nobody wants these loans (like in Japan post 1990)? The banks could offer new loans all they want, should the private sector wake up from a 30 year debt-fueled spending spree with little appetite for further debt then Laffer's argument quickly collapses like the house of cards it is IMO...

From one of Rosenberg's recent letters regarding 70s vs 2000s, commodity prices and inflation pass through: -------------------------- LACK OF PASS-THROUGH FROM THE COMMODITY RUSH TO FINAL CONSUMER PRICES There seems to be quite a bit of concern that inflation is going to rear its ugly...

Labor productivity (output per working hour) is high in (former) West Germany -- doesn't mean the Germans put in the longest hours though. I think Germany once held (maybe still does) the record for having the most paid public holidays per year. Plus each worker gets around 15-25 days of paid...

Clearly, Germany has been going downhill since its "glory" in the 1930s :cool:

Yawn, this sounds like one giant snooze fest. The plot seems to have nothing in common with the tagline "money never sleeps". Plus they ought to revise the script anyways. Dubai and London both have become obsolete in world finance over the last 12 months :cool: