Category — Gold
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This article is contributed by Pinnacledigest.com. One of the TOP sites for up to date information on the Canadian and US Stock Markets. For more information subscribe to their free newsletter.
Nouriel Roubini, known by the investing world as ‘Doctor Doom‘ for his constant negative stance on US equitiesand the economy, recently pulled a 180. This past week, in a shocking change of heart, Roubini endorsed US stock markets, bonds and global stocks for the next 2 years.
Roubini, an economics professor at NYU, has become famous for his constant bearish outlook and ability to foresee economic contractions, including the US housing collapse 6 years ago.
Speaking at the Milken Institute Global Conference on Monday, April 30th, Roubini finally capitulated to the awesome power of the Federal Reserve and central banks around the world. Although bearish on equities and global economies for some time, he is now convinced central banks are powerful enough to keep the markets strong – at least for another 2 years.
As an example of the power of a central bank and complicit government, take one look at the Nikkei exchange in Japan which is up over 40% in 6 months (since new Prime Minister and stimulus crazed Shinzo Abe took power). [Read more →]
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A senior Italian gentleman lived alone in Dandenong.
He wanted to plant his annual tomato garden, but it was very difficult work, as the ground was hard. His only son, Vinnie, who used to help him, was in prison.
The old man wrote a letter to his son and described his predicament:
‘Dear Vincent, I am feeling pretty sad because it looks like I won’t be able to plant my tomato garden this year. I’m just getting too old to be digging up a garden plot. I know if you were here my troubles would be over. I know you would be happy to dig the plot for me, like in the old days. Love, Papa.’
A few days later he received a letter from his son.
‘Dear Papa, don’t dig up that garden. That’ s where the bodies are buried! Love, Vinnie.’
At 4am the next morning, Victorian police arrived and dug up the entire area…without finding any bodies.
They apologized to the old man and left. That same day the old man received another letter from his son.
‘Dear Papa, go ahead and plant the tomatoes now. That’s the best I could do under the circumstances. Love you, Vinnie.’
Sometimes, and particularly in a market like this, we just need a laugh.
But that’s not the only reason why I tell this story… [Read more →]
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