Old Project Avalon Forum (ARCHIVE) - View Single Post - BOB CHAPMAN ~ "The International Forecaster" UPDATES

peaceandlove · 01-04-2010, 03:09 AM

2010 Full of Uncertainty But Economic Knowledge Can Help

Posted: January 2, 2010
By: Bob Chapman

Rewards for incompetence again, few writers bearish anymore, unprecedented borrowing, conditions for business not improving, Wall Street backed up for next time, duties on steel entering China, Blackwater trial whitewashed, back to Glass-Steagall to bring order to the markets

US Markets

The move to give Fannie, Freddie and GMAC unlimited funds and outrageous salaries and bonuses as rewards for incompetence is disgusting, but to be expected from our government. This was the brainchild of our esteemed leader Mr. Obama.

The Hulbert sentiment tracking system shows bond sentiment has collapsed from 23.35 to minus 33%.
Stock pessimism among newsletter writers fell to its lowest level since April 1987, six-months before the equity crash known as Black Monday on October 19, 1987. Those bearish fell to 15.6%, which is a very strong contrarian indicator.

The seven-year note auction had a bid to cover of 2.52 to 1 versus an average price of 2.76 to 1. Indirect, foreign central bank participation was 44.7% versus 62.5%.

The White House is borrowing unprecedented amounts for spending programs. Debt has increased to a record $7.17 trillion in November from $5.80 trillion at the end of 2008.

For the past decade general equities were the worst investment. Gold and silver mining equities were the best performers. The Dow will finish the decade flat, but the dollar has lost 30% of its value rendering stock and bond investments as big losers. The dollar lost 75% of its value versus gold.

As of September 30, 2009, Goldman Sachs posted $42 billion in derivatives and had $115 million in assets. JPMorgan had $79 billion versus $1.7 billion in assets. Both are accidents ready to happen.

The federal government said Wednesday it will take majority control of the troubled auto lender GMAC, providing another $3.8 billion in aid to the company, which has been unable to raise from private investors the money it needs to staunch its losses. GMAC, which already has taken $12.5 billion in direct federal aid along with other forms of government support, is the largest lender to General Motors and Chrysler dealerships and to their auto-buying customers.

Continues: http://www.theinternationalforecaste...ledge_Can_Help

Economic Forecast 2010 ~ Coast to Coast AM

Saturday January 2, 2010

Ian Punnett welcomed experts in finance and the economy, including Gerald Celente, Joseph Meyer, Catherine Austin Fitts, and Robert Chapman, to discuss the outlook in 2010 for markets, commodities, and the U.S. Dollar.
Host: Ian Punnett
Guest(s): Gerald Celente, Joe Meyer, Catherine Austin Fitts, Robert Chapman

Robert Chapman Interview LAST HOUR:

VIDEO Part 1 of 4 (10:56): http://www.youtube.com/watch?v=XVm0N_oxsuU

01-04-2010, 03:09 AM	#22
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: BOB CHAPMAN ~ "The International Forecaster" UPDATES 2010 Full of Uncertainty But Economic Knowledge Can Help Posted: January 2, 2010 By: Bob Chapman Rewards for incompetence again, few writers bearish anymore, unprecedented borrowing, conditions for business not improving, Wall Street backed up for next time, duties on steel entering China, Blackwater trial whitewashed, back to Glass-Steagall to bring order to the markets US Markets The move to give Fannie, Freddie and GMAC unlimited funds and outrageous salaries and bonuses as rewards for incompetence is disgusting, but to be expected from our government. This was the brainchild of our esteemed leader Mr. Obama. The Hulbert sentiment tracking system shows bond sentiment has collapsed from 23.35 to minus 33%. Stock pessimism among newsletter writers fell to its lowest level since April 1987, six-months before the equity crash known as Black Monday on October 19, 1987. Those bearish fell to 15.6%, which is a very strong contrarian indicator. The seven-year note auction had a bid to cover of 2.52 to 1 versus an average price of 2.76 to 1. Indirect, foreign central bank participation was 44.7% versus 62.5%. The White House is borrowing unprecedented amounts for spending programs. Debt has increased to a record $7.17 trillion in November from $5.80 trillion at the end of 2008. For the past decade general equities were the worst investment. Gold and silver mining equities were the best performers. The Dow will finish the decade flat, but the dollar has lost 30% of its value rendering stock and bond investments as big losers. The dollar lost 75% of its value versus gold. As of September 30, 2009, Goldman Sachs posted $42 billion in derivatives and had $115 million in assets. JPMorgan had $79 billion versus $1.7 billion in assets. Both are accidents ready to happen. The federal government said Wednesday it will take majority control of the troubled auto lender GMAC, providing another $3.8 billion in aid to the company, which has been unable to raise from private investors the money it needs to staunch its losses. GMAC, which already has taken $12.5 billion in direct federal aid along with other forms of government support, is the largest lender to General Motors and Chrysler dealerships and to their auto-buying customers. Continues: http://www.theinternationalforecaste...ledge_Can_Help Economic Forecast 2010 ~ Coast to Coast AM Saturday January 2, 2010 Ian Punnett welcomed experts in finance and the economy, including Gerald Celente, Joseph Meyer, Catherine Austin Fitts, and Robert Chapman, to discuss the outlook in 2010 for markets, commodities, and the U.S. Dollar. Host: Ian Punnett Guest(s): Gerald Celente, Joe Meyer, Catherine Austin Fitts, Robert Chapman Robert Chapman Interview LAST HOUR: VIDEO Part 1 of 4 (10:56): http://www.youtube.com/watch?v=XVm0N_oxsuU