6 ms·
The dollar demise seems to be in vogue nowadays thanks in no small part to QE I and II. I guess it makes for good headlines, especially when gold is over $1430.
by pocoloco 16y ago
The dollar demise seems to be in vogue nowadays thanks in no small part to QE I and II. I guess it makes for good headlines, especially when gold is over $1430.
To those of you that may be interested in financial commentaries outside of mainstream I suggest the following:
- Mish [1]
- The automatic earth [2]
- Max Keiser [3]
- Jesse's Café Américain [4]
These can be classified more or less so in three different camps: inflationist, deflationist, and stagflation. But inflation/deflation here does not mean price increase, but credit expansion/contraction. Also, these blogs are all against the status quo, hence their non-mainstream designation. For that there is WSJ.
For starters, at the automatic earth [2], Illargi and Stonleigh give very detailed analysis of the current situation taking into account credit availability and peak oil for example. They argue that we will hit a deflation period (i.e., credit contraction) before any hyperinflation destroys the dollar.
Mish [1] is also in the deflationist camp and provides excellent commentary on current financial news. US centric but with good international coverage.
Max Keiser [3] is an inflationist. I believe that he has called correctly gold and silver trends (up and up) for the past decade. He’s a very vocal anti-to-big-to-fail commentator. I think that he’s currently spearheading a movement to get people to buy silver bullion in order to put JP Morgan out of business given their alleged silver shorts. Mish, while a good friend of Max, disagrees and thinks that JP Morgan is most likely well hedge against silver.
Jesse [4] provides a thoughtful market analysis, especially with gold and silver. He thinks that the US is going into stagflation for quite a while.
[1] Mish's Global Economic Trend Analysis
http://globaleconomicanalysis.blogspot.com/ http://globaleconomicanalysis.blogspot.com/
[2] The Automatic Earth
http://theautomaticearth.blogspot.com/ http://theautomaticearth.blogspot.com/
[3] Max Keiser — Markets Finance Scandal
http://www.maxkeiser.com/ http://www.maxkeiser.com/
[4] Jesse's Café Américain
http://jessescrossroadscafe.blogspot.com/ http://jessescrossroadscafe.blogspot.com/