Posted On: Tuesday, May 20, 2008, 5:30:00 PM EST
In The News Today
Author: Jim Sinclair
Dear CIGAs,
Be somewhat careful. As liquidity hits the roof it can make equity rallies set your hair on fire.
If you have to trade, do it like the short side does for a scalping trade only.
We are in a form of a Weimar experience. When the currency finally went into free fall, it was bullish for general equities - all of which were then fundamental disasters.
Jim Sinclair's Commentary
Now here is a good reason for gold to ROAR!
Here is one of the best reasons to at a minimum CANCEL your sell orders in everything gold.
Don't sell just before gold goes ballistic to $300 higher.
Megabubble waiting for new president in 2009
'Numbers racket' exposes potential disaster for economy, markets
By Paul B. Farrell, MarketWatch
Last update: 10:13 a.m. EDT May 20, 2008
This update of a story originally published May 19 fixes the title of Kevin Phillips book "Bad Money: Reckless Finance, Failed Politics & the Crisis of American Capitalism."
ARROYO GRANDE, Calif. (MarketWatch) -- Excerpted
2009 Sequel: Script exposes diabolical cover-up conspiracy
Flash forward: Real life, Washington, new leaders, a new Congress, old wizardry. Be forewarned: No matter who's elected president, America will soon see a massive statistical curtain pulled back, exposing a con game of historic proportions. And when that happens, you and I will suffer another ear-splitting global meltdown, bigger than today's housing-credit crisis, dragging us deep into a recession and bear market for years.
Cast: New 'leading man' from old Nixon political machine
Yes, the lead character pulling back the curtain is none other than Kevin Phillips, a former Republican strategist for Nixon, and today America's leading political historian. Phillips just published "Bad Money: Reckless Finance, Failed Politics & the Crisis of American Capitalism," everything you need to know about today's credit meltdown.
Scene 1: Numbers racket hiding behind Washington curtain
Scene 2: Statistics, Washington's new WMDs, a time bomb
Scene 3: Backflash, 'It's always the cover-up, stupid!'
Scene 4: Real numbers torture us ... like water-boarding!
How bad is it? "The real numbers ... would be a face full of cold water," says Phillips. "Based on the criteria in place a quarter century ago, today's U.S. unemployment rate is somewhere between 9% and 12%; the inflation rate is as high as 7% or even 10%; economics growth since the recession of 2001 has been mediocre, despite the surge in wealth and incomes of the superrich, and we are falling back into recession."
Scene 5: Most economists hushed, work inside conspiracy
Scene 6: No integrity, they cannot be trusted to tell truth!
The same can be said of any government report, every speech made by today's leaders: All hype, lies and propaganda intended to deceive us. d for everyone to drink
We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution
AI
