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Weekend reading, courtesy of The Daily Reckoning and Rick's Picks.
The Cheh Shaped Recovery: The Political Pig Pile, Defusing the Dollar Bomb, and Oil and Water: Deflation Forecasts and $70 Oil
By Eric Janszen
Bedford, Massachusetts
"While we read about U and V and L shaped recoveries, we had to go to Russia's Cryllic alphabet for the '?' to find a letter shaped like the outcome we see for the end of the FIRE economy, a crash, a rebound, and a long decline - unless current policies change."
Nightmarish Financial Numbers
By The Mogambo Guru
Tampa Bay, Florida
"But perhaps this seeming fascination with velocity has something to do with why Bloomberg.com reports that 'U.S. household wealth fell in the first quarter by $1.3 trillion, extending the biggest slump on record, as home and stock prices dropped.' Yikes! And in just the first three months of the year!"
Why Now Could Be the Time for Gold Stocks
By Frank Holmes
San Antonio, Texas
"Another bullish indicator for gold and gold stocks is that, for the first time in my 20 years at U.S. Global Investors, pension fund consultants and other gatekeepers for large institutional investors are advocating an exposure to gold."
Transfer of Wealth
By Puru Saxena
Hong Kong, China
"Most people seem to forget that these fiscal spending programs aren't creating any real wealth and are simply transferring wealth from the savers to the debtors. Essentially, governments are taking money from the solvent and re-distributing these funds amongst the insolvent."
Unsustainable Economic Activity
By Dan Amoss
Jacobus, Pennsylvania
"This is why it's healthier (yet politically unpopular) to have small, frequent recessions to keep supply and demand in balance, rather than have massive debt bubbles followed by nightmarish depressions and currency debasement. Such are the perils of government-promoted, debt- driven economic bubbles. It's like trying to live on a diet of candy and energy drinks, rather than wholesome food."
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