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Daily Digest - Jan 6

Monday, January 5, 2009, 8:59 PM
  • U.S. auto sales continue to skid 
  • November 2008 construction at $1,078.4 billion annual rate
  • Office vacancies soaring, rents falling in major cities 
  • Preview: pending home sales to fall for third straight month 
  • Hoteliers see too much room at the inn 
  • The problem of "Burn Rate" hits mainstream companies 
  • New York Fed begins MBS purchase program 
  • By the numbers - How 2008 shakes out  
  • Obama says economy 'getting worse' 
  • Gold Wars (Audio)

First-ever Crash Concepts podcast on Financial Myths is ready

Monday, January 5, 2009, 11:59 AM

Well, as always, I let my need for quality get in the way of punctuality, but the podcast recorded on Friday is now ready for subscribers.

Ron had to make significant upgrades to the site to enable the podcast to be played right from the page (plus other serious fixes regarding file management, but that's already too much information).

The podcasts will be easier and smoother to produce from here on out and I am very much looking forward to enhancing and perfecting this additional means of communicating with the supporters of this site.

You can access podcast via the drop down menu at the top of the page under "Stay Current".

Or you can follow this link.


More information on the upcoming Rowe conference

Monday, January 5, 2009, 11:05 AM

There are still a few spots available at Rowe.  We know, it's neither in a particularly warm nor accessible place  (especially in Feb!), but it's a unique place and we had a very powerful experience there last year.  This year will be even better.

Many of you have been looking for some more information regarding the content of the Rowe Seminar (Feb 6-8, Rowe MA). Quite a few of you have wondered whether there will be anything you don’t already know from having already watched the Crash Course.

This post will hopefully answer your questions.


Daily Digest - Jan 5

Monday, January 5, 2009, 7:09 AM
  • Can the US economy afford a Keynesian stimulus?
  • Fighting off depression
  • Obama  makes new pitch, promises on job creation -- including 600,000 new government employees
  • Obama eyes $300 billion tax cut
  • Tech, one of the last hopes for consumer spending, hits the exits
  • As vacant office space grows, so does lenders' crisis
  • Interesting series on bailout
  • New home sales and unemployment
  • Cut oil sales to Israel's backers-Iranian commander

Daily Digest - Jan 4

Sunday, January 4, 2009, 12:21 PM
  • 2008 Job Losses Probably Worst Since 1945: U.S.
  • Barons Video: Stay Away from Treasury Bonds
  • Upgrading The US Energy Grid: A Trillion Dollar Problem?
  • Paulson says crisis sown by imbalance
  • Commercial real estate in for tough 2009  

Daily Digest - Jan 3

Friday, January 2, 2009, 8:15 PM
  • I.O.U.S.A. Four Deficits: Budget, Savings, Trade & Leadership (Warms up @ the 25 minute point)
  • Less than a week to read the $1 trillion bill before voting?
  • Steel industry hopes for big stimulus shot 
  • Homes For the Holidays
  • How David Rosenberg foresaw the crash 
  • NotSince the '30s (Chart S&P)
  • Why We're Still Happy
  • Paradigm lost

Daily Digest - Jan 2

Friday, January 2, 2009, 11:29 AM
  • China factories cut output at record pace:
  • Manufacturing Index Hits Lowest Level Since 1980
  • As Recession Deepens, So Does Milk Surplus
  • Average Annual Unemployment Rate - Then and Now (Chart)
  • Unemployment Rate (Shadow Stats Chart)
  • The Year in Markets (Interactive Chart)
  • Selling gold jewelry
  • Russia cuts off gas deliveries to Ukraine
  • Report: Toyota developing solar powered green car 

Financial recommendations - a brief look back at 2008

Thursday, January 1, 2009, 5:26 PM

Eleven months ago, in February 2008, I led a conference at Rowe (MA) along with Becca Martenson and Alejandro Levins. At that time, the current financial crisis was not even on the radar screen for most journalists and investment houses.

We made these financial recommendations:

  • Reduce exposure to equities
  • 10-50% of “Nest Egg” in Gold
  • Watch the markets carefully! Know what to look for.
  • 3 months’ expenses “out of the bank” and in cash (and remaining money in SAFER banks)

The year starts out on a good note

Thursday, January 1, 2009, 4:01 PM

We received a kind offer from a woman (who wishes to remain anonymous) to donate a 3-month subscription to someone in need.

We’ve had a number of requests for assistance that we’ve collected over the past few months, we put all these names into a hat and had our daughter Grace (age 8) select a name at random.

The lucky winner was Sharon Sotis who wrote in saying:

I have watched the crash course and come to your site just about daily to
keep up to date on the economy and read the forums. I have started to
prepare myself and my 6 year old daughter to be more self sufficient,
cutting back on expenses etc. I have been telling others to watch and
trying to enlighten as many as I can. At times I feel like Noah before the
flood. :)

I would love to become a subscriber to your site, but as a widow living on
social security, who stays home so I can homeschool my daughter, the cost
is prohibitive to me. I know you need to charge to help offset the cost of
the site, but wonder if you ever offer subscription free of charge to those
who are willing, but just not able to pay?

Happy New Year Sharon and congratulations!

And Happy New Year to everone else!



Daily Digest - Jan 1

Thursday, January 1, 2009, 12:24 PM
  • Americans Under 70 May Find 2008 Was Their Least Favorite Year
  • US stocks suffer worst year since Great Depression
  • Piggy banks fly off shelves in freshly frugal U.S.
  • The Wave of the Future?
  • Chief justice: Inflation outpacing pay for judges
  • Deregulator Looks Back, Unswayed
  • Mortgage 'Cram-Downs' Loom as Foreclosures Mount
  • Mortgage rates hit fresh 37-year low
  • Stop the Presses...
  • Government aid could save U.S. newspapers, spark debate