With more than 40 years as an economist to his credit and claiming gold as the "biggest position in my life," Gloom Boom & Doom Report Publisher Marc Faber assures us that gold is nowhere near a bubble phase, but cautions that corrections of 40% are not unusual in a bull market. At the end of March, Faber will share his secrets for surviving corrections at the World MoneyShow in Vancouver. In advance of that appearance, he sat down with The Gold Report for this exclusi... (more)
Marc Faber, the publisher of the Gloom, Boom & Doom Report, is typically optimistic on equities as an asset class.
However, Faber told CNBC that he expects a correction in global stocks in the near term:
“Markets are overbought, technically they have deteriorated, and we have very heavy insider selling, so I think a correction is coming. ...I don’t think (investors) should be shooting for huge gains, but rat... (more)
Corporate profits that doubled since 2009 have left the Standard & Poor’s 500 Index cheaper than at all 34 peaks since 1989, even as options traders push the cost of protecting against losses to the highest in four years.
Companies in the benchmark gauge of U.S. stocks trade for 14.1 times earnings after advancing 102 percent since March 2009 to an almost four-year high last week, data compiled by Bloomberg show. Valuations are lower than at every 52-week peak since 1989. Tr... (more)
Perhaps this is a signal people are not buying into the easy money induced high. - Chris
The Obama administration will extend mortgage assistance for the first time to investors who bought multiple homes before the market imploded, helping some speculators who drove up prices and inflated the housing bubble.
Landlords can qualify for up to four federally-subsidized loan workouts starting around May, as long as they rent out each house or have plans to fill them, under the revamped Home Affordable Modification Program, also known as HAMP, according to Timothy Massad, t... (more)
Antonio Angelini accused Sgt. Jason Pipkin of violating his constitutional rights in retaliation for criticizing the police department in newspaper letters to the editor, according to the suit filed in U.S. District Court in Madison.
“Unfortunately, when the police fail to police themselves, they end up
Is there any valid reason or excuse to violate the rights of a nonviolent person? That is the primary question that separates the two political philosophies of collectivism and individualism. I’m sure that this was not a question that was raised in your college political science class, but nonetheless this is the fundamental question that determines whether a society is collectivist or individualist. While it may be true that there is a lot of grey area because these terms are defined s... (more)
The Canadian Senate Thursday night gave its approval to a government package of crime measures that include a number of harsh provisions, including mandatory minimum prison sentences for growing as few as six marijuana plants. The bill, C-10, the Safe Streets and Communities Act, now heads back to the House of Commons for final approval.
The file-sharing landscape is slowly adjusting in response to the continued push for more anti-piracy tools, the final Pirate Bay verdict, and the raids and arrests in the Megaupload case. Faced with uncertainty and drastic changes at file-sharing sites, many users are searching for secure, private and uncensored file-sharing clients. Despite the image its name suggests, RetroShare is one such future-proof client.
The avalanche of negative file-sharing news over the past weeks ha... (more)
Don't you just love Congress, where almost no bills actually are what they say on the tin? There's some buzz building online about the "Federal Restricted Buildings and Grounds Improvement Act of 2011" (or HR 347), which has been positioned as a simple updating of trespassing laws concerning federal grounds. However, as some are pointing out, hidden in there is quite the Easter egg that effectively outlaws... (more)
If you are willing to look past mainstream media coverage of American politics, you can actually find exciting and interesting activities taking place that rise above lobbying, voting, graft and corruption.
Consider the Free State Project. It is an attempt, and a surprisingly successful one, to inspire a political migration by lovers to liberty to New Hampshire. It is not about lobbying, forming a political party, populating a real estate... (more)
Throughout most of the world people are taught to look at reality in a very polarized way. When certain issues are presented to us through mainstream circles they are usually oversimplified to the point where all concepts are either black or white, and all people are either good or bad, with no in between.
The reality of the situation is that things are much more complicated than that; there are usually many different ways of looking at things and many different sides to the stor... (more)
If you want to get paid for doing something stupid, just turn to the U.S. government. The U.S. government is paying researchers to play video games, it is paying researchers to study the effects of cocaine on Japanese quail and it has spent millions of dollars to train Chinese prostitutes to drink responsibly. The amount of money that the government wastes is absolutely horrifying. Do you remember all of that political wrangling over the debt ceiling deal last year? Do yo... (more)
