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In this month of: The Acamar Journal

Throwing BRIC's

The US has run up massive deficits in recent years and concerns that its creditors would stop funding them were dismissed by the argument that China, Japan and the others needed US markets to keep their export-dependent economies growing and to create jobs. read the full newsletter

US Debt Bubble

Since this recession has been compared to the Great Depression of the 1930s, let's see what happened to the stock markets then. The Dow Jones peaked in Sept 1929 and then fell 48% by November.

It then rose 50% in a bear market rally off that November bottom. The rally lasted until April 1930. read the full newsletter

Previous Journals

Insight of the Day

Property prices in China haves not only recovered, but are in bubble territory. Sales are up from 70% to 245% from a year ago in major Chinese cities

Real estate sales up, prices soar

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recently Profiled

Economic and Market News

Gold Investors Increase Holdings by 43%Telegraph (UK)
Yuan for the RoadChina Daily
Real Estate Up, Prices SoarChina Daily
Goldman Sachs: Engineering Market ManipulationsRolling Stone (link)
Congressman Kirk: China to Buy $ 80 Billion in GoldFox News
Japanese Factory Output RisesKorea Herald
Germany Headed for Massive DeficitsSpiegel (Germany)
Volker: Long Slog Ahead but no InflationThe Australian
China Should Buy Gold to Hedge Dollar's FallCNBC
Prof. Roubini: "US sort of Stabilising"Bloomberg Video
From 2007: Gold to $ 3,400Times Online (UK)
No Gold, No BulletsJohn Rubino
Grotesque Financial Bailouts and RealityTelegraph (UK)
China Risks Trade SuicideTelegraph (UK)
German Goldman Sachs CEO on Greed Der Spiegel (Germany)
BRIC Group Plans RevolutionAsia Times (HK)
Bankrupt California faces ShutdownTimes Online (UK)
California Leads US into Bond Default AbyssBloomberg
John Embry: $ 1,500 Gold and HyperinflationThe Gold Report
Central Banks can Increase Gold HoldingsForbes
Russia to cut holdings of U.S. TreasuriesReuters
ECB Fears Bank Crisis in 2010Telegraph (UK)
China's Real Estate RiddleFar East Economic Review (Hong Kong)
Stiglitz: Break the BanksThe Age (Australia)
Krugman: Recession Ending SoonBloomberg
Place Your WagersContrary Investor
Gross Says Diversify from Dollar as Deficits SurgeBloomberg
Gold from Vending MachinesReuters
The Whole Game is ChangingRichard Russell
Big Inflation Coming Part 2Adam Hamilton
American Capitalism Gone With a WhimperPravda (Russia)
Chinese Economists: US Bonds "Risky"China Daily
Time to Break the Dollar PegKhaleej Times (Dubai)
China Warns Fed Over "Printing Money" Telegraph
Hedge Fund Manager Invests $ 5.5 Billion in GoldTelegraph
Uncle Sam's "F" Rated BondsAsia Times
The Fed is the ProblemRon Paul - Cspan Video
Is American About to Go Broke?MSN Money
Enjoy the Rally but Expect a Sucker PunchTelegraph UK
EU Economic Crisis in NumbersDer Speigel
China has "Canceled US Credit Card"Yahoo News
Gold Investment Set to SoarBusiness Intelligence Middle East
'Big' MoneyRichard Russell
Despair over Financial PolicyNobel Prize Winning Economist Paul Krugman
Big MoneyRichard Russell
US Financial System is InsolventProf. Nouriel Roubini
Gold Primed to be 'Mania Asset'Financial Times (UK)
Buffett Calls US Treasuries a BubbleReuters
Schroder Investment: Gold May Rise to $ 5,000Bloomberg
More News

People's Bank of China

(June 28, 2009):

 

"To prevent the deficiencies in the main reserve currency, there’s a need to create a new currency that’s delinked from the economies of the issuers.”