I was asked by Bill: > How would “the USD being dropped as the global reserve currency” factor into your recovery predictions? and why? First of all lets talk about the elephant in the room. Will the US be dropped as the global reserve currency? Yes! Will it be tomorrow? No! The USD will always...

The market is oh so predictable… I kid you not. On April 6, 2009 I wrote the following email to Squawkbox Europe. > Me I think this will last till around June before we start pulling back slowly with no major selloff. Just dribs and drabs as the market and economy begins to recover... So what...

Chris wrote to me the following comment: > Debt is the biggest issue facing us all. > I found this video on YouTube which really opened my eyes to the importance of getting out of debt: <http://www.youtube.com/watch?v=50bWUrKAbwU> > I am sure you will be as amazed as I was. Chris, sorry to...

Bill commented (and I have had others say the same thing) > this was not one of your better postings…I think you are missing the point about the debt-is-bad argument. I don’t think I am missing the point and I will explain my thinking. You see this “debt is bad” argument in my opinion is the latest...

First up we have Nassim Taleb, who is crying wolf on how the government will fail us again. > "The way to restart everything is restructuring, conversion of debt into equity, convince people that debt is not good," Taleb said. Gee Taleb, you are only 600 years late to the party! DEBT MAKES THE...

It is interesting to see, but I think the Republicans might actually self-destruct. Remember that the Republican party was the result of the whig party self-destructing. Though the question is can the Republican party self-destruct? Sure it can, after all the Progressive Conservatives of Canada are...

I keep hearing on the argument of how inflation will come and haunt us. And how interest rates are going sky-high. And how we are doing things wrong and the economy is so bad. And if mortgage rates go above 5% then everything will break apart and people will stop getting mortgages. At leas that is...

The folks behind the new documentary Stock Shock: The Short Selling of the American Dream asked me to share the trailer with our readers. This would be an interesting movie for any of you who at some point owned shares in Sirius (SIRI) or XM (XMSR) Satalite Radio. [youtube MLHT028qARU] From the...

We received an email from Melissa Minkalis of the National Foundation for Credit Counseling (NFCC). They are offering a Free DVD about avoiding foreclosure. I did not order the DVD or know much more about it. I did quickly verify that the NFCC is a legit organization and doesn't seem to be simply...

I am critical of you, but kudos that you put things in perspective. The World’s Biggest Debtor Nations It starts off with the US and you go OMG… But then you move on and you think, “hey they have that much debt?” And what surprised me is that Switzerland (where I live) has 268% of external debt....