Mark Faber talks about the current economy in MarketWatch: Nowhere was he bleaker than when addressing the beaten-down dollar, another victim of Fed policy which he said has ensured cash returns below the rate of inflation. "In the long term, the dollar is a doomed currency. It will go to zero," he said, which produced […]
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Mon, March 10 2008 » Predictions » Comments Off on Dollar to Zero? That’s Pretty Low!
The more I read about the state of the US Economy, the more I picture something like this in my mind: Also, I get a picture in my mind of that scene in Star Wars Episode III (I think) where they crash land the spaceship and there is a lot of that “gnashing metal” sound. […]
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Tue, February 19 2008 » Predictions » Comments Off on Animation of US Economy
The CBS show 60 Minutes did a segment about the penny. You can watch Should We Make Cents? or read the transcript. Bottom line is this: the gobmint makes $80 million worth of pennies every year. But the problem is that it costs the gobmint $134 million to make them. Not bad if you’re a […]
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Mon, February 11 2008 » Predictions » Comments Off on Dime is the New Penny?
So Jim Cramer is saying he’s been calling for this bear market all along. This is pretty funny. Love it when he calls for DOW 14580. Be careful, Cramer is now saying NOT to buy stocks. Let’s go to the tape…
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Wed, January 23 2008 » Predictions » Comments Off on Cramer (the Bull) vs. Santelli (the Revealer)
I can play trader just like all the other guys. For example, here is a chart comparing the Vanguard Total Stock Market ETF (VTI) in green versus the VIX, the volatility index in red (sorry color blind guys… the red is the bold line) For the past two years, when the VIX spiked, it signaled […]
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Tue, January 22 2008 » Predictions » Comments Off on Was that a short-term bottom?
I did show 94 and talked about saving your nickels. Then I read this.
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Fri, January 11 2008 » Predictions » Comments Off on Save your nickels
On show 92, I made the prediction that commodities would be in vogue again in 2008. And I said that gold would reach new all time highs (non-inflation adjusted). That was too easy I guess. Let me revise it to say that gold will go above $1000 per ounce. Much more interesting. Nice round numbers. […]
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Wed, January 2 2008 » Predictions » Comments Off on That was easy: 1 down, 9 to go
Rock Band. Mad Money Machine’s Ten Predictions for 2008. Step 12: Invest and Relax. A spin of the Guru Roulette wheel. If this is your first Mad Money Machine show, please do go and download another one at least. This is a year end shortened show. Next week: how the portfolios did in 2007. I […]
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Fri, December 28 2007 » Podcasts, Predictions » Comments Off on MMM-092: Predicting the Future