Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Advertisement
"Fed faces truth, craps pants."
Advertisement
Friday, October 09, 2009
Text Size: increase text size decrease text size

By Daily Crux Editor Brian Hunt:

Dan Ferris has a unique gift for reading through financial news... then sorting out the crap to deliver the "crux" of the story. His take is often far different from what the headlines indicate.

Below are several financial headlines of the past week. The actual headline is underlined, and Dan's comments follow underneath.

Obama's economic whiz

Comment: Donald Trump’s hair dresser. Michael Jackson’s doctor. Brittney Spears’ birth control methods. Jumbo shrimp. Military intelligence. Paper money.

I can do this all day…

Beware the gold bubble

Comment: Yeah, that’s it. We’re in danger of putting too much faith in gold, and not enough faith in paper money, fractional reserve banking, stocks at 30 times earnings yielding 1.8%, 30-year Treasuries yielding 4%, and Wall Street’s ability to make Barack Obama kiss its ass.

No bubble in all that other stuff. It’s gold you have to watch out for!

Federal Reserve Frets Over Commercial Real Estate

Comment: “Fed Faces Truth, Craps Pants.”

Plenty of Fat Left to Trim, Bankers, Consultants Say

Comment: So… letting banks lever up 30-1 and lend out $10 for every $1 they take in deposits and then rewarding them when it all blows up hasn’t led to the most frugal banking culture possible?

Barofsky Says Treasury Misled Public

Comment: When your job is hoarding stolen money (tax receipts), you're pretty much lying to the public every second of your existence.

Crux note: Dan Ferris is the editor of Extreme Value... and he's currently recommending one of the safest and most profitable investments you can make in the gold industry - yet it has nothing to do with mining stocks... or gold mutual funds... or gold bullion. Learn more about Extreme Value here...

More from Dan Ferris:

Why you must own this "World Dominator"

"You mean you can't insure $400 of deposits with $1 of reserves?"

If the repeated warnings of disaster have you concerned, read this...

Topics: Dan Ferris | Media | Cruxallaneous
Facebook RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.