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By Monty Guild & Tony Danaher, on February 26th, 2010
THE GLOBAL BANKING CRISIS CONTINUES
STAGE 2: EUROPEAN SOVEREIGN DEBT UNDER ATTACK
Taken together, the Icelandic and Greek financial crises can be seen as the second stage of the larger global banking crisis. The first stage of the global banking crisis, which began in late 2007, was centered in the European and U.S. mortgage and mortgage derivative market. The second stage began with Iceland’s monetary and fiscal crisis in 2009 and continues with the current Greek crisis, and is centered in European sovereign debt.
The global crisis banking crisis is a multi-phase global economic crisis caused by . . .
Continue Reading: THE GLOBAL BANKING CRISIS CONTINUES
By Monty Guild & Tony Danaher, on February 17th, 2010
“He who asks is a fool for five minutes, but he who does not ask remains a fool forever.” -Chinese Proverb
DEBT LEVELS IN G-7 COUNTRIES
We continue to be positive on Asia. One of the major reasons we currently favor Asia is the fact that public debt in the G-7 nations (U.S., Britain, France, Canada, Germany, Japan, and Italy) is expected to be over 119% of their combined GDP in 2014; a stunning figure.
Imagine owning a business with gross revenues of $1 million, outstanding debts of $1.19 million, and cash flow from your business to service the . . .
Continue Reading: EUROPE HAS PROBLEMS
By Other, on February 11th, 2010
DO NOT FALTER IN YOUR COURAGE. LIFE IS ABOUT CYCLES…UP AND DOWN.
Those who have the wisdom to be prepared during the down phase, and have the courage to act when the cycle is close to its nadir, will end up the winners in the next up phase.
TO PRESERVE CAPITAL (AND COURAGE) WE ARE HOLDING MOSTLY CONSERVATIVE CASH TYPE INVESTMENTS AND GOLD SHARES IN THE PORTFOLIOS. FOR THOSE WHO CAN SELL SHORT, WE ARE SELLING SHORT.
IT IS A DIFFICULT TIME. MAY WE SUGGEST THAT YOU STAY BRAVE, BECAUSE OPPORTUNITIES WILL ARISE.
In this letter, . . .
Continue Reading: “FORTUNE FAVORS THE BRAVE”-Virgil
By Monty Guild & Tony Danaher, on February 10th, 2010
IS CONGRESS REALLY CAPABLE OF MANAGING THE AFFAIRS AND LEGISLATION OF OUR FAST-PACED, HIGH-TECH, COMMUNICATION BASED SOCIETY?
The U.S. Congress is a slow moving, deliberative body. It is beholden to special interests groups, and is one of the root causes of many of the great defects in the current U.S. financial crisis.
Their track record is appalling. As our society progresses and the pace of life increases, Congress continues to fall further behind. By the time they get around to examining a problem, it has already run its course, and the changes they make after the fact often exacerbate . . .
Continue Reading: U.S. CONGRESS A HELP OR A HINDRANCE?
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