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By Monty Guild & Tony Danaher, on October 26th, 2007
ALTHOUGH A LITTLE TECHNICAL, THE FOLLOWING ARTICLE FROM THE FINANCIAL TIMES POINTS OUT AVERY IMPORTANT FACT ABOUT DERIVATIVES
Most derivatives are pretty much guesswork at this time. Like medieval medicine (which killed more than it cured before it developed into a science), derivatives and how they are structured and used can be dangerous. The art of using derivatives, leverage and financial manipulation based on mathematical models remains far from a science. However, there is plenty of incentive to undertake it because of the outsized profits that can accrue to those who are able to convince the gullible that it . . .
Continue Reading: ARTICLE FROM FINANCIAL TIMES POINTS OUT AVERY IMPORTANT FACT ABOUT DERIVATIVES
By Monty Guild & Tony Danaher, on October 23rd, 2007
The World Bank has done some excellent research on this subject.
I know that many are skeptical that anything wise can come out of the World Bank, but there has been some excellent research done by some economists there. These individuals…"presumably with green eyeshades pulled low’’ have done some thorough and groundbreaking research which corroborates what a lot of us already intuitively think.
They did a report entitled "Where is the Wealth of Nations: Measuring Capital for the 21st Century." A dry title to be sure, but a report full of great insights. A few main points from the . . .
Continue Reading: SOME PROBABLE EVENTS THAT WE ARE LOOKING FORWARD TO
By Monty Guild & Tony Danaher, on October 23rd, 2007
Let’s keep things in perspective. None of this is rocket science, but it is easy to get carried away by fear and greed. Those who win are those who keep their wits about them.
Here are some probable events that we are looking forward to.
1. The U.S. dollar will continue to fall. It will fall in an orderly manner, and while it will not fall to zero, we do expect it to fall more. Eventually, the U.S. will have more exports and fewer imports, so the balance of trade will be a little better. 2. Gold will rise. . . .
Continue Reading: KEEPING THINGS IN PERSPECTIVE.
By Monty Guild & Tony Danaher, on October 19th, 2007
The World Bank has done some excellent research on this subject.
I know that many are skeptical that anything wise can come out of the World Bank, but there has been some excellent research done by some economists there. These individuals…"presumably with green eyeshades pulled low’’ have done some thorough and groundbreaking research which corroborates what a lot of us already intuitively think.
They did a report entitled "Where is the Wealth of Nations: Measuring Capital for the 21st Century." A dry title to be sure, but a report full of great insights. A few main points from the . . .
Continue Reading: WHY RICH COUNTRIES GET RICHER, AND WHY POOR COUNTRIES SOMETIMES GET POORER
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