July 2009 - Forecasts & Trends

Forecasts & Trends is much more than just investment blog posts. You need to know the "big picture;" you need to have a "world view," especially in the post-911 world; and you need more information than ever before to be successful in meeting your financial goals. Gary intends to help you do just that.

Forecasts & Trends

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    • Institutionalized Deception

      Some of you may remember the colorful radio ads featuring Eddie Chiles, CEO of the Western Company. He was famous for his 'I'm mad as hell and I'm not going to take it any more' commentaries. I remember seeing scores of cars sporting an 'I'm mad too, Eddie' bumper sticker. I just have to wonder how mad Eddie would be right now concerning the institutionalized deception going on in the financial services industry. At a point in time when the public is calling for increased integrity from their financial institutions, just the opposite seems to be happening. Unfortunately, most Americans have no idea the wool is being pulled over their eyes. Read on to see if you have been the victim of 'institutionalized deception.'

    • Second Stimulus - Good Money After Bad

      We will touch several bases in this week's E-Letter. First, we take a close look at the latest economic data which has a few 'green shoots' but remains mostly negative, and further supports my view that we will not be out of this recession for some time to come. Second, I share my thoughts on why a second major stimulus package is not a good idea, and my thoughts on what the government should do instead. And finally, I share with you the best article I've seen on why the official monthly government 'unemployment rate' report is so under-stated. It all should make for interesting reading.

    • Cap-and-Trade: Bad For The Economy & Us

      On June 26, the Democrat-controlled House narrowly passed sweeping legislation that calls for the government's first limits and taxes on carbon emissions, the so-called "Cap-and-Trade" bill that President Obama has insisted on. Experts on both sides of the issue, including President Obama, agree that Cap-and-Trade will result in higher energy prices, and that means higher prices for fuel, home heating and cooling and many other things we buy from food to cars to movie tickets, etc., etc. Cap-and-Trade will be a disaster for the economy. Hopefully, the Senate will not pass this bill, especially in light of news that the EPA has suppressed a major new study which argues that global warming in NOT happening, and recommends against Cap-and-Trade. This may be one of the most interesting and important E-Letters I have ever written... But it will likely make you angry!...
    • More On Teaching Your Kids To Save & Invest Wisely

      It is my opinion that, as parents, we have an obligation to teach our kids about saving and financial matters in general. I believe that teaching our kids about saving and financial matters is just as important as teaching them about honesty and integrity, and even sexual matters. Yet many times parents are not comfortable talking to their children about the importance of saving and investing wisely. This week, we will revisit those issues and I will offer some ideas and suggestions that will hopefully help you with your own kids and/or grandkids when it comes to handling their money. In fact, you may want to send them this information. Let's get started....