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A Dramatic Turn for the Better… Time to Buy Stocks
In last month’s True Wealth newsletter, I laid out our “script” for making money this year…
I told my subscribers to “think of it as a checklist to know what inning we’re at in the game and how much longer the game will take.”
In short, a month ago, things looked pretty bad. But today, we’re back on “script.” Based on the script, you want to own stocks, right now. Take a look…
The True Wealth Script for Economic Recovery
-Investment-grade corporate bonds rally first,
-then stocks rally. Around the same time,
-the price of copper recovers.
-The CILI (aka “Silly”) Recession End-icator goes up for three months. This is…
20Mar2009 | Stansberry and Associates | 0 comments | ContinuedForbes’ 10 Biggest Losers: 4 Wealth Protection Lessons From Bankrupt Billionaires
Last week, Forbes magazine released its annual list of billionaires. No surprise, the rolls shrank.
“[In 2007], there were 1,125 billionaires. This year, it’s down to 793,” says CEO Steve Forbes.
An NPR broadcast tried to put an optimistic spin on the news suggesting, “All those empty spots… mean more room for the rest of us to move up.” In good fun, it even provided five secrets to do so, based upon the business activities that propelled 38 new billionaires into this year’s rankings.
But in all fairness, I don’t think a single one of us stands a chance of becoming a billionaire in the…
18Mar2009 | Investment U | 0 comments | ContinuedThe Biggest Transfer of Wealth in History
“Hedge Fund Manager Describes Rock Bottom,” says a New York Times headline.
Poor Mr. John Devaney. He had to sell his Renoir. His Gulfstream. One of his mansions. And his yacht. Ouch. He says he’s personally lost $150 million trying to keep his funds alive. Alas, in vain!
“Devaney funds wiped out,” Bloomberg reports.
Now, the sad victim of the credit crunch is reduced to living in his remaining mansion in Aspen…and flying first class in commercial aircraft.
But is Mr. Devaney beaten? Not at all. “Do I retire?” (Even in his straightened circumstances, he allows himself a rhetorical flourish…) “No,” he replies, as…
12Jul2008 | Daily Reckoning | Comments Off | ContinuedSCORCHED EARTH ECONOMY
Here at Casey Research we have been on the record as bearish on the outlook for the economy for some years now. Lest you think that is loose boasting, I can offer proof in Doug Casey’s August 2005 article, the dramatically titled “Profiting from the End of Western Civilization”.
In that article, he looked ahead and saw the inflation that the government’s loose money policies made inevitable. A quote…
“Of particular importance is that the U.S. dollar has been used as a gold substitute for decades by other countries. This has been very convenient for the U.S. – we can create almost…
11Jul2008 | Daily Reckoning | Comments Off | Continued
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