As governments all over this planet scratch their heads trying to solve the global economy problems, the free market is quietly fixing it where government is willing to step back. -- Lisa McMahon, editor The End of the Statist Quo By David Galland, Managing Director, Casey Research Here at Casey Research, we have been rather negative about the economy for many moons. To be otherwise in the face of the decades-long trend toward ever more government – along with its increasingly destructive and expensive meddling in the free markets – would have been foolish. And, so far, we have been right. However, I for one am beginning to see some light at the end of the tunnel. It won’t … [Read more...]
Depression Within a Depression
By James Quinn, Contributor, The Casey Report Regular Casey Report contributor James Quinn is the head of strategic planning for one of the world's most prestigious business schools and the host of TheBurningPlatform.com blog. In this article, he is presenting historical indicators that may tell us what’s in store for the U.S. economy. In recent months, worshippers at the altar of Keynes have been hyperventilating over the possibility Congress will run a deficit of “only” $1.5 trillion in 2010. They have issued dire proclamations about a replay of the 1937-1938 Depression within the Great Depression. White House favorite and #1 Keynesian on the planet, Paul Krugman, declared that not … [Read more...]
Inflation in the Real World
In the following article, Jake Weber from the Casey Report shows how commodity prices have increased an average of 48% over the last year even though "official" inflation statistics say we have only had a little over 1% inflation. What's going on? Typically this shows that inflation is on its way and will be here soon. Because commodities are leading indicators as they are thee raw materials used to produce the things we consume. ~Tim McMahon, editor By Jake Weber, Editor, The Casey Report As is often the case, there is a big difference between what the government statistics are reporting and what’s going on in the real world. According to the most recent inflation reading published … [Read more...]
Casey Gold Summit Offers Investment Nuggets
Source: Diane Fraser of The Gold Report 10/13/2010 Carlsbad is several hundred miles south of Sutter's Mill, but the experts and investors who gathered for Casey Research's recent Gold Summit were just as enthusiastic about the precious metal as the prospectors who headed into the hills back in 1849. The Gold Report took the opportunity to speak with some of the many experts on hand. For three days, the leading experts in the resource investment sector gathered with investors to discuss the investment strategies. Doug Casey, Richard Russell, Ross Beaty, Eric Sprott, Ian McAvity, Rick Rule, Robert Prechter and Bob Quartermain all gave their varied impressions on the market and their … [Read more...]
Casey Research Identifies Next Generation of Resource Leaders with Casey’s NexTen
Stowe, VT, October 12, 2010 – Casey Research, a leader in providing in-depth, independent analysis of high-growth investment opportunities, announced today Casey’s NextTen, the next generation of leaders in the natural resource industry. Successful investors, like Casey Research founder Doug Casey, have long recognized that there are no more important considerations when investing than the people. For years, Casey Research has helped its subscribers succeed by closely following the careers of the most successful explorers in the industry, those top few percent who consistently generate the majority of returns for shareholders. And now, it is proud to present the next generation of … [Read more...]
No Way Out
By Doug Casey, Casey Research I really dislike sounding inflammatory. Saying that things are going to go terribly wrong runs a risk of being classed with those who think the world will end in December 2012 because of something Nostradamus or the Bible says, or because that’s what the Mayan calendar predicts. This is different. In the real world, cause has effect. Nobody has a crystal ball, but a good economist (there are some in existence, though very few) can definitely pinpoint causes and estimate not only what their immediate and direct effects are likely to be (that’s not hard; a smart kid can usually do that) but the indirect and delayed effects. In the first half of this … [Read more...]
What is Debtflation?
By David Galland, Managing Editor, The Casey Report We recently received the following comment in our Q&A Knowledge Base. Investors should be prepared to sell gold as either increased inflation expectations or doubts around debt sustainability force a sharp increase in US Treasury bond yields. Simply put, in an environment of high real interest rates, the allure of gold could disappear as quickly as it did in the early 1980s when Paul Volcker took control of the Federal Reserve. My response… First off, I want to congratulate the reader for trying to anticipate the conditions that might mark the end of the gold bull market. Because, make no mistake, the gold bull market will come … [Read more...]
Moving into Bonds: From Frying Pan to Fire
By David Galland and Kevin Brekke, Casey Research The other day, I came across an article that said, while individuals may be moving their money out of equities, they have been moving into bond funds – and in a big way. It’s called jumping from the frying fan into the fire. Based on my experience as a co-founder of a mutual fund group, I can tell you that if there is one sure thing in this world, it’s that when investors rush en masse into an investment category, it is invariably at almost exactly the wrong time to do so. Is that the case with today’s rush into bonds? To shed some light on that point, Casey Research Switzerland-based editor Kevin Brekke volunteered to look into … [Read more...]
The Long Road to Recovery
By David Galland, Managing Editor, The Casey Report Last week the government released the latest unemployment data. Bloomberg, always ready to roll up their sleeves to help its friends in government (get reelected), was running a headline that “Companies in U.S. Added 67,000 Jobs in August.” While I haven’t had time to go through the minutiae of the report, I find myself scratching my head at Mr. Market’s rather positive reaction to the report, given the bullet points: Manufacturing payrolls declined by 27,000. Employment at service-providers fell by 54,000. Retailers cut 4,900 workers. State and local governments gave walking papers to 10,000 people. The federal government … [Read more...]
The Smoking Ruin Solution
By David Galland, Managing Director, Casey Research Just last week, it was reported that the turnout for the Democratic primary was the lowest in 80 years. While the Republicans are clearly energized by their concerns about the direction the Democrats are taking the country in, the Democrats themselves seem to have decided to forgo the voting process, perhaps in favor of a refreshing nap. No question about it, the president is in the hot seat. While I am sure that back in 2008 Barack Obama was one happy camper about having taken the presidential prize, today one has to wonder if that victory has led him to certain bitter regrets. His problem, the problem bedeviling the government … [Read more...]
