Comments on: The Economic Panic of 2009 http://dailyreckoning.com/the-economic-panic-of-2009/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 09:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: pagehype.com http://dailyreckoning.com/the-economic-panic-of-2009/#comment-510 pagehype.com Fri, 13 Feb 2009 18:36:22 +0000 http://dailyreckoning.com/?p=11515#comment-510 <strong>The Economic Panic of 2009...</strong> Tim Geithner unveiled his new bank resuscitation machinery on Tuesday. He said it cost $2 trillion. Investors looked on…and saw the same old second-hand, worn-out rescue equipment the Bush team had used. The key tool is a pump that injects money into... The Economic Panic of 2009…

Tim Geithner unveiled his new bank resuscitation machinery on Tuesday. He said it cost $2 trillion. Investors looked on…and saw the same old second-hand, worn-out rescue equipment the Bush team had used. The key tool is a pump that injects money into…

]]> By: Economic analysis | The Economic Panic of 2009 - Contrarian Stock Market Investing News - Featuring Bargain Stocks http://dailyreckoning.com/the-economic-panic-of-2009/#comment-506 Economic analysis | The Economic Panic of 2009 - Contrarian Stock Market Investing News - Featuring Bargain Stocks Fri, 13 Feb 2009 17:10:31 +0000 http://dailyreckoning.com/?p=11515#comment-506 [...] Chris continues, “A gold stock you can warm up to even if you don’t think gold will go to the moon. And it has one of the stronger balance sheets in the business. Shares go for just under $7 per hare as I write. They are worth nearly twice the price at current gold prices…trades at 7 times cash flow…should trade for at least $12 per share.” [...] [...] Chris continues, “A gold stock you can warm up to even if you don’t think gold will go to the moon. And it has one of the stronger balance sheets in the business. Shares go for just under $7 per hare as I write. They are worth nearly twice the price at current gold prices…trades at 7 times cash flow…should trade for at least $12 per share.” [...]

]]> By: andrew http://dailyreckoning.com/the-economic-panic-of-2009/#comment-499 andrew Fri, 13 Feb 2009 12:10:19 +0000 http://dailyreckoning.com/?p=11515#comment-499 January 18th, 1980: gold was $835. On that same day, the Dow was at 867. Graph: http://1.bp.blogspot.com/_zdDZFLthOMI/SJ812b0uU_I/AAAAAAAAA4s/EctOngq45o8/s1600-h/The+Dow+Bubble.png January 18th, 1980: gold was $835. On that same day, the Dow was at 867.

Graph: http://1.bp.blogspot.com/_zdDZFLthOMI/SJ812b0uU_I/AAAAAAAAA4s/EctOngq45o8/s1600-h/The+Dow+Bubble.png

]]> By: bayou bobby http://dailyreckoning.com/the-economic-panic-of-2009/#comment-496 bayou bobby Fri, 13 Feb 2009 11:04:45 +0000 http://dailyreckoning.com/?p=11515#comment-496 Please, do me a favor and help me win a dinner. I remember you having said the gold to DJIA ratio of 'one to one' signals the bottom of one and the top of another. You have said this has happened three times in history. Could you please tell me when those dates were and where I might find an illustrative chart to shove under this person's schnozzle? You could even email me. I would consider this a personal favor for which I would be forever in your debt. (In case it helps, I am a JMR) Please, do me a favor and help me win a dinner.

I remember you having said the gold to DJIA ratio of ‘one to one’ signals the bottom of one and the top of another. You have said this has happened three times in history. Could you please tell me when those dates were and where I might find an illustrative chart to shove under this person’s schnozzle? You could even email me. I would consider this a personal favor for which I would be forever in your debt. (In case it helps, I am a JMR)

]]> By: andrew http://dailyreckoning.com/the-economic-panic-of-2009/#comment-494 andrew Fri, 13 Feb 2009 08:10:38 +0000 http://dailyreckoning.com/?p=11515#comment-494 oil seems to have repudiated the whole ‘Peak Oil’ argument: Price is just a label on how much we want something at a particular time. It doesn't always reflect fundamentals or quantity of supply (or gold as you say would be much higher also). This is part of the price discovery you mention, everything is propped up or held down, and distorted right now. Oil above $80 is also politically incorrect, it would collapse economies even faster if allowed to rise quickly. Oil has been forced down, part demand destruction, part speculative collapse, part necessity. The politics of oil... It doesn't alter the fact that its supply is diminishing. Peak oil is a truth. Think of the oil price of $35 as an "admission" of peak oil. It's a form of Darwinism - survival. Nature's AA clinic... What MUST happen.. WILL happen. Oil must be used less, not priced higher. It's buying time for its 'replacement'. (That said.. it's a buy at $25...) oil seems to have repudiated the whole ‘Peak Oil’ argument:

Price is just a label on how much we want something at a particular time. It doesn’t always reflect fundamentals or quantity of supply (or gold as you say would be much higher also).

This is part of the price discovery you mention, everything is propped up or held down, and distorted right now. Oil above $80 is also politically incorrect, it would collapse economies even faster if allowed to rise quickly. Oil has been forced down, part demand destruction, part speculative collapse, part necessity. The politics of oil…

It doesn’t alter the fact that its supply is diminishing. Peak oil is a truth.

Think of the oil price of $35 as an “admission” of peak oil. It’s a form of Darwinism – survival. Nature’s AA clinic…

What MUST happen.. WILL happen. Oil must be used less, not priced higher. It’s buying time for its ‘replacement’.

(That said.. it’s a buy at $25…)

]]> By: G. De Feo http://dailyreckoning.com/the-economic-panic-of-2009/#comment-489 G. De Feo Fri, 13 Feb 2009 05:10:00 +0000 http://dailyreckoning.com/?p=11515#comment-489 To hear the bank CEOs giving their statements before being grilled by the Congressional commitee yesterday, they're lending out a lot of money--as if to say there's no problem except with the fact that no one has noticed? Yet not one representative on the commitee chastised them for saying this: "What lending problem?" To hear the bank CEOs giving their statements before being grilled by the Congressional commitee yesterday, they’re lending out a lot of money–as if to say there’s no problem except with the fact that no one has noticed? Yet not one representative on the commitee chastised them for saying this: “What lending problem?”

]]> By: ring » Blog Archive » The Economic Panic of 2009 http://dailyreckoning.com/the-economic-panic-of-2009/#comment-473 ring » Blog Archive » The Economic Panic of 2009 Thu, 12 Feb 2009 21:18:24 +0000 http://dailyreckoning.com/?p=11515#comment-473 [...] David Caruana wrote an interesting post today onHere’s a quick excerptBut instead of allowing the price system to work, the feds are on the case…jiggling one price…squeezing another…propping up one zombie company…running an extension cord out from the Fed to a local bank so it can keep the lights on. *** ‘Son of TARP’? Wait a minute. …. Special Report : The Endless PAYCHECK PORTFOLIO : In three simple steps, unleash a steady flow of work-free income… starting with up to 75 automatic “paychecks” deposited directly into your account. … [...] [...] David Caruana wrote an interesting post today onHere’s a quick excerptBut instead of allowing the price system to work, the feds are on the case…jiggling one price…squeezing another…propping up one zombie company…running an extension cord out from the Fed to a local bank so it can keep the lights on. *** ‘Son of TARP’? Wait a minute. …. Special Report : The Endless PAYCHECK PORTFOLIO : In three simple steps, unleash a steady flow of work-free income… starting with up to 75 automatic “paychecks” deposited directly into your account. … [...]

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