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Sunday, May 23, 2010
Bob Chapman on The Greek Debt Crisis
Bob Chapman on The International Forecaster of 22 May 2010 wrote "Goldman Sachs Group Inc. racked up trading profits for itself every day last quarter. Clients who followed the firm’s investment advice fared far worse. Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who adopted the New York-based firm’s advice, according to data compiled by Bloomberg from a Goldman Sachs research note sent yesterday. Clients who used the tips lost 14 percent buying the Polish zloty versus the Japanese yen, 9.4 percent buying Chinese stocks in Hong Kong and 9.8 percent trading the British pound against the New Zealand dollar. The struggles for analysts at Goldman Sachs, which is fighting a fraud lawsuit from U.S. regulators who accuse the company of misleading investors in a mortgage-linked security, show the difficulty of predicting market movements as widening budget deficits, a fragile global economic recovery and tighter financial regulations increase volatility. Stock and currency fluctuations rose to the highest in a year this month as Europe pledged about $1 trillion to stop a debt crisis in the region."
Saturday, May 22, 2010
Crude falls 20% in 20 days: Where is it headed now?
Bob Chapman Friday 5/21/2010 Economic Report on Alex JonesTv
Robert Chapman is the editor and publisher of the International Forecaster, a publication that covers business, finance, economics, and social and political issues all over the world. Mr. Chapman has spent 45 years in the finance and investment business, 28 of which were as a stockbroker, specializing in gold and silver shares. For a number of years he owned his own brokerage firm.
Mr. Chapman attended Northeastern University and spent several years in counterintelligence with the US government. He has made a number of very important predictions and is probably one of the most unpopular people in Washington, DC, as he spares no one in government who is not doing what they should be doing.