Money Morning

The demise of the euro and pound has been disguising the dollar’s troubles. But now that fig leaf is falling away….

The fact that the U.S. dollar has managed to hold its own despite representing a country deeply in hock is only testament to the weakness of every other major developed-world government.

Indeed, the Fed will have to keep a close eye on inflation, but it also will have to watch for turbulence in the housing sector. The FOMC statement said that the Fed is still in the process….

Why Gold Beats the Market Manipulators By Martin Hutchinson, Contributing Editor, Money Morning There’s one investment that Wall Street manipulators can’t touch – and neither can the Fed or the U.S. government. Right now that investment is gold. Take Goldman Sachs for instance… After bailouts from the U.S. Treasury Dept, they just posted $16.7 billion … Continue reading

Coming Soon: The Bill for the Massive U.S. Debt Americans could be in for a rude awakening in coming months when they discover the true scope of the massive national debt racked up by the U.S. government. In fact, the $1.6 trillion deficit expected for 2010, which is above 10% of gross domestic product (GDP), … Continue reading

The Five Reasons Gold Will Hit $5,000 By Peter Krauth, Contributing Editor, Money Morning Let me get right to the point. Gold’s going to $5,000 an ounce. I know that sounds preposterous to most people. In fact, some of you probably think I’m crazy. But for a whole host of reasons, $5,000 may well end … Continue reading

The White House estimates that the government will have to borrow about $3.5 trillion more over the next three years. On top of that, the U.S. Treasury has to refinance, or roll over, a huge amount of short-term debt that was issued during the financial crisis. Treasury officials estimate that about 36% of the government’s marketable debt – about $1.6 trillion will mature in the next 12 months.

Why Gold Will be the “Greatest Trade Ever” Forget about all the forecasts being made for 2010. Here’s my prediction for 2015: An entirely new name – John A. Paulson – will grace the coveted top of the annual Forbes billionaires list. And the gap between Paulson and the runner-up billionaire will be huge. Everyone … Continue reading