Financial Sense

Market Observation: Unemployment Claims: How Bad are the "Real" Numbers?

Thu, 09 Jul 2009

by Frank Barbera. "As noted in Continuing Claims Soar by 159,000 to New Record the record continuing claims number is dramatically understated by over 2.5 million. Charts of what is really happening are shown below, but first let's recap the data as reported by the Department of Labor."

A 20-Year Bear Market?

Thu, 09 Jul 2009

by David Galland. "In November of 1997, my partner and co-editor of The Casey Report, Doug Casey, wrote an article titled “Foundations of Crisis,” which leaned heavily on the research of Neil Howe and the late William Strauss."

Hard Times

Thu, 09 Jul 2009

by Richard Benson. "Our measure of how bad is it in this economy for a broad swath of Americans can be analyzed by asking three basic questions: Are people working, are they making any money, and do they have any money in reserves? To answer these questions and more, below are some shocking facts! "

Money Stability without Using a Gold Standard

Thu, 09 Jul 2009

by David Zweig. "Numerous articles have been appearing about what is wrong with the current economic system. Usually the solution proposed is to adopt a gold standard. Here are the components of a system that combines the best of a gold standard"

No Relief

Thu, 09 Jul 2009

by James Cook. "Over the fourth of July weekend one of my sons-in-law rented a houseboat on Rainy Lake. This sprawling body of water lies half in Minnesota and half in Ontario. It’s a five-hour drive north of Minneapolis."

Bothered, or Becalmed?

Thu, 09 Jul 2009

by David & Eric Coffin. "The second half of 2009 will be dominated by differences of opinion about the depth, length and, we think most importantly, the geography of the recession. The global economy realigning to eastern and southern growth is increasingly obvious to us, but many in the west still doubt the underpinnings of this growth. T"

Gold, the U.S. Dollar, and the Yuan

Thu, 09 Jul 2009

by Jennifer Barry. "In late April, a Chinese sovereign wealth fund, the State Administration of Foreign Exchange, announced that China had purchased 454 metric tons of gold over the past six years. Officials indicated that this increase was accomplished by tapping domestic mine supply and refining scrap gold."

2004-2009 Pompous Prognosticators Revisited

Thu, 09 Jul 2009

by Nick Barisheff. "In 2001, Colin Seymour published an article entitled 1927-1933 Chart of Pompous Prognosticators. In it, he documented the many Depression-era assurances given by politicians, economists, financial experts and the media to the public, protesting that everything was fine and there was nothing to worry about."

America’s Sick - Part I

Thu, 09 Jul 2009

by James Bibbings. "July 9, 2009 - The Obama administration is currently working to push healthcare reform down the pipeline at an alarming rate. The reason for this is that President Obama is trying to make good on his promise that sweeping healthcare reform will be completed by the end of 2009."