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Archive for December, 2008

If you drive on U.S. roads, you probably don’t need to be told – the country’s infrastructure is in pretty bad shape.
As a nation, Americans like to look forward. We prefer to spend our money building new things (rather than fixing up old things). Issues like repair and maintenance are back-burnered for other priorities in [...]

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Because of its rapid economic growth over the last 30 years, it’s easy to forget that China is a communist country. The Chinese, like everybody else, love money. But the Communist party is clearly in control.
One of the areas controlled with an iron communist fist is China’s media. The main TV station, China Central Television [...]

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The deflation we’ve been warning you about is here, and it’s striking hard.
Last week, the Fed released a report that sent chills down the spine of economists all over the world, revealing a sweeping destruction of wealth in America.
Just in the third quarter alone, U.S. households lost $647 billion in real estate; $922 [...]

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The deadly terrorist attacks in Mumbai, India dominated the global headlines last week. What didn’t get a lot of attention, though, was the reason behind the attacks.
The terrorists attacked the commercial heart of India — Mumbai’s financial district. And I believe their purpose was to destabilize India’s democracy and capitalist economy.
Yet …
India’s [...]

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If you’ve had your eyes open the last two years, you know that real estate is in a brutal bear market.
Just in October, new home sales dropped 5.3%.
Existing home sales fell 3.1%, according to the National Association of Realtors.
And the latest S&P/Case-Shiller report shows home prices dropped 17.4%. That’s bad enough but in some [...]

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I was doing some research earlier in the week, and I came across a blog I’d never heard of written by a guy I’d never heard of on a topic that we’ve all most certainly heard of … the U.S. dollar.
It was the same old story that’s been beaten into the ground:
The U.S. [...]

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