Contributed by John Mauldin and Barry Ritholtz: Last month, Senators Sherrod Brown, an Ohio Democrat, and David Vitter, a Louisiana Republican, introduced a resolution calling for the end of the implicit subsidies that TBTF banks enjoy and that put taxpayers at risk. The Senate voted 99-0 in support. Now they're turning their ideas into actual legislation.
Entries in Casey Research (53)
Contributed by Maudlin Economics: Excellent essay by John Maudlin on the heated debate over the correlation between debt and GDP growth, and the fundamental conclusion by Ken Rogoff and Carmen Reinhart that debt is not a problem until it becomes one – the “Bang! moment.” Followed by the Rogoff and Reinhart paper itself!
Contributed by Doug Casey, Chairman, Casey Research: "Another reason for having a second passport – certainly if you're an American – is that nobody anywhere in the world wants to open a bank account for you. It's a subtle and indirect form of exchange control that the US has already imposed."
Contributed by by Marin Katusa, Casey Research. We know President Obama is going to tax the rich, but many didn't think he'd weasel in the carbon tax as quickly as he might. A Romney win would have been bullish for coal – but Romney lost, and so has coal. The big winner? Natural gas. The power behind it? Exxon.
Contributed by Doug Hornig, Casey Research. In the 1960s, a clever fellow placed an ad in a national magazine: Money needed. Please send $1 to the address below. Do it today! No specific need was given; nothing was promised. Yet, thousands of dollars arrived in his mailbox. Or so the urban legend goes. Is today's hot new "crowdfunding" similar?
Contributed by Dan Steinhart, Casey Research. The US has too much debt. This is no longer a controversial statement. Some may believe other problems are more urgent, or that we need to grow our way out rather than slash spending. But even the most spendthrift pundits acknowledge that the debt-to-GDP ratio of the US must decrease if we are to have a stable, prosperous economy.
Contributed by Marin Katusa, Casey Research. Exxon Mobil is no longer the world's number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp, oops, I mean, Rosneft, Russia's state-controlled oil company. It is buying TNK-BP, one of the top-ten privately owned oil producers co-owned by BP and some Russian billionaires. And who is in charge of Rosneft? Vladimir Putin, Russia's resource-full president.
Contributed by Doug Hornig, Casey Research. In times past, if you couldn't do anything else, you could probably listen to phone complaints all day. And somebody had to do it. Today, there's a new shine on customer relations departments, with a glossy title and a widely recognized abbreviation: customer relations management, or CRM. And there is a lot at stake for investors.
Contributed by Marin Katusa, Casey Research. In the third century, greed got the best of Rome's emperors. One emperor after another reduced the amount of precious metal in each denarius until the coins contained almost no silver whatsoever. The world's first experience with currency debasement and hyperinflation. It led to social upheaval and violence. To be repeated many times over. And then there's Iran.
Contributed by Dan Steinhart, Casey Research. US corporations are sitting on more cash than at any point since World War 2. That's without including banks. I'm only talking about nonfinancial corporations – the ones that sell goods and services and make the economy go.
Contributed by Terry Coxon, Casey Research. Year by year, government has become more present where economic decisions are being made. Through subsidies, tax breaks, regulation, and spending, government has claimed a virtual seat in the boardroom of most companies. In some cases, it holds a majority of the votes. And its involvement profoundly alters decision-making for investors.
Contributed by Jeff Clark, BIG GOLD. In July, Japan set a premium price for solar energy that was three times the rate of conventional power. This meant utility companies would be paid three times more for electricity sourced from solar. That premium will ignite the use of solar power – and solar uses a lot of silver.
Contributed by Casey Research. There's a belief among certain economists that if the government takes a more active role in the economy, the social outcome can be improved. Dr. Lacy Hunt, executive VP of Hoisington Investment Management, says it's a false belief… and he has proof to back it up. An unprecedented buildup of debt, he shows, can only lead to one outcome: a drop in Americans' standard of living.
There is little that would rock the oil world more than a revolution in Saudi Arabia. But with a coming leadership crisis, it is becoming all too likely. Saudi is facing major economic challenges as dramatic increases in social spending and domestic fuel consumption eat through the kingdom's all-important oil revenues. Is a 1973-style oil crisis about to engulf the entire world?
Contributed by Casey Research. From smartphones to genome sequencing to 3-D printing—what America does best is turning bleeding-edge technologies into immensely successful products, says Alex Daley, Chief Technology Investment Strategist. Sit back, relax, and watch this exciting, eye-opening video to find out where the next big investment profits lie, and how to get a slice of them.
Contributed by Louis James, Casey Research. Traders who are stuck in an old paradigm are frequently selling gold for the wrong reasons. The most egregious example is that gold often drops when the euro drops. Examining price relationships among the US dollar, the euro, and gold reveals an important pattern for investors.
Contributed by Casey Research. Best-selling author John Mauldin of Mauldin Economics says the EU is only left with choices that range from bad to disastrous. Meanwhile, Republicans and Democrats will have to hold hands and walk off the cliff together to solve U.S. economic problems. Read more about the consequences of those choices and necessary compromises. Exclusive Gold Report interview.
Contributed by Doug Hornig, Casey Research. Although the economic situation for the US looks especially dire right now, there are ways that shrewd investors can protect themselves – and even profit.
Contributed by Casey Research. These “airheads on TV news shows” who “pontificate and tell you what you're supposed to think,” says legendary speculator Doug Casey in this interview, “just read the establishment press releases. They’re no longer the Fourth Estate – a private-sector watchdog and counterbalance to state power – but have become “lapdogs of politicians.” And that’s dangerous, he says.
Contributed by Jeff Clark, Casey Research. No one can say for sure when gold will start its big rise in the current bubble cycle, but there are signs to watch for.