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By Monty Guild & Tony Danaher, on January 26th, 2010
THE DOLLAR FELL IN 2009 In 2010, we expect the U.S. Dollar to fall against the Australian Dollar and other commodity-related currencies, but rise against the Euro and the Japanese Yen. We see the world markets in 2010 as having three overlapping phases.
PHASE 1: A CORRECTION IN THE U.S. MARKET HAS BEGUN The U.S. market falls due to attacks on U.S. business and Federal Reserve Chairman Bernanke. Details on this were sent to readers in our last Friday commentary dated Jan 22, 2010. The effect of the U.S. correction on foreign markets is yet to be seen. . . .
Continue Reading: THREE INVESTMENT PHASES FOR 2010
By Monty Guild & Tony Danaher, on January 22nd, 2010
This week the Democrats lost a key senatorial seat in Massachusetts, a state that has long been a liberal stronghold. The loss of this supposedly safe seat stunned Washington and put the Democrats on edge. In response, they’re doing what any left-wing populist administration that’s frightened of losing power would do: blame big business.
Democrats will continue attacking big business, especially Wall Street, because they believe that the attacks may garner votes in the fall elections. Perhaps the target of these attacks will be the natural gas and coal industries or other industries that are laying-off employees or moving . . .
Continue Reading: THE OBAMA ADMINISTRATION APPEARS TO BE GETTING PANICKY
By Monty Guild & Tony Danaher, on January 15th, 2010
“If a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest.”
- Benjamin Franklin
LOOKING AHEAD AT 2010
We believe that 2010 will hold many opportunities for the global investor as the continued improvement of business conditions will translate into higher equity and commodity markets. Expectations of rising inflation will drive capital into commodities and into fast growing countries, industries and companies.
As people become more confident of economic recovery, they become commensurately more frightened about inflation. As inflation fears escalate, desire . . .
Continue Reading: MORE FOR 2010
By Monty Guild & Tony Danaher, on January 4th, 2010
WILL HISTORY REPEAT ITSELF? The Resolution Trust Corporation (RTC) was the organization created to clean up and liquidate insolvent savings and loans during the last major U.S. real estate crisis in the late 1980’s and early 1990’s. We predicted the coming of a new RTC-like organization over a year ago. That prediction has materialized, as the Federal Deposit Insurance Corporation (FDIC) is now undertaking the same role played by the RTC twenty years ago. Let us examine the parallels to today. In the late 1970’s and 1980’s, the real estate finance industry was a big donor to politicians in . . .
Continue Reading: WILL HISTORY REPEAT ITSELF?
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