Since the collapse of the Berlin Wall, many progressive economists in both academia and on Wall Street have recognized the brilliant insight of Soviet Economist Nikolai Kondratiev ( pronounced “Kon-DRA-tee-eff”), and accordingly there have been many reports, articles, theses and books written on the subject of this “cyclical” phenomenon. An influential essay, written by Professor W. Thompson of Indiana University,
Read moreAlthough many astrologers remain bullish and optimistic on the American economy and the so-called Recovery (what Recovery?), on Friday the Dow dropped about 150 points on Friday and 5% for the month for the worst January since 2009. The S&P 500 dipped about 3.5% for the month, and the Nasdaq fell nearly 2% at 4:12 pm EST on the Wall
Read moreThe Dow hit a new record high yesterday, topping 14,264. The previous record was 14,198.10, set in October 2007, when investors were squarely focused on the Federal Reserve (Fed). The Fed had cut rates for the first time in four years and bought over $40 billion a month of toxic debt from banks because the housing implosion was hitting consumers and
Read moreGold rose to a record in London and New York as other commodities gained on speculation demand for raw materials will increase and as investors bought the metal to protect wealth from Europe’s financial turbulence. Get ready folks this is a sign another meltdown is on it’s way. If you’re an astrologer you know why I’m saying this. Read more at: http://www.bloomberg.com/news/2010-06-21/gold-rises-to-a-record-on-buying-from-investors-seeking-to-protect-wealth.html
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WILLIAM STICKEVERS 