Latest Bob Chapman's Forecaster Weekly
Fed and Banks Profits Soar In Economic Downturn
Posted: January 16 2010
By:
Bob Chapman
A weak dollar balances nothing, banks taking as much risk as ever, and more, the economy has been eating its own young, Fed makes new credit card rules, significant increase in securities earnings due to Fed response to downturn, pondering the derivative collapse, Obama plans to tax the banks, parasites also profiting wildly, rail traffic still derailed.
We have been told over and over again a weak dollar would build exports and turn our balance of payments deficit down. Well, it hasn’t happened yet.
Goldman Sachs has admitted that they have been front running and opportuning against their clients in the fundamental strategies group, which is not subject to the same regulatory rules that equity research departments are. That is why they are called “Hannibal Lecter” in the business.
They have been setting up clients to take losses so their trading would be profitable. That is like eating your own children. This is the bottom of the moral and ethical totem pole.
Continues: http://www.theinternationalforecaste...nomic_Downturn
Economic Mistakes of Years Ago Repeated Again Today
Posted: January 20 2010
By: Bob Chapman
More bailouts were predicted a year ago, will the unemployed be bailed out indefinitely while jobs and money are exported? Fed has been buying government debt, leverage is in vogue again, Fed blowout profit for 2009, more banks closed, real misery exists far beyond official numbers, state of Illinois exposed.
Last January we predicted that there would be another stimulus program this year. Congress has already passed legislation to continue unemployment benefits, which the Senate will approve as well. Those out of work cannot survive without such assistance, as our transnational conglomerates continue to send our jobs to foreign lands. The question is will the unemployed, as a result, receive benefits indefinitely, as these elitist corporations park their profits in tax havens tax-free?
Continues: http://www.theinternationalforecaste...ed_Again_Today
Recent Bob Chapman PROOF Interview:
Beginning discussion regarding Brown winning in Massachusetts and the Health Care Package.
VIDEO Part 1 (10:31): http://www.youtube.com/user/TheBobCh.../5/9-6PnOE6Zh0