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This Thanksgiving Goes to Corporations: Thanks for the Greatest Free Gift in History

It’s no f’ing wonder!” I yelled to no one in particular the other day when my researcher, Dave Okenquist, shared with me a chart he’d just come across! “We’ve died and gone to heaven thanks to these guys! They’ve given us the greatest free gift in history!” The dog tucked its tail between its legs and made a hasty retreat. “Thank you so much you a-holes! Now we’re going to pay an even bigger price when the wheels come off this f’ing bus and everyone realizes we’re not in heaven after all!” The chart proved that this rally since 2009 […]

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Zero Hour: The Greatest Political and Economic Revolution Since Democracy Itself

A look into Harry Dent’s brand new book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage I’ve written 10 books since 1989. Zero Hour, now available on Amazon and in book stores, is one of my most innovative, groundbreaking works yet. The Great Boom Ahead put me on the map with breakthrough demographic indicators and forecasts that tagged the whole decade of the 1990s. The Roaring 2000s sold over 800,000 copies and introduced its own breakthrough concept: the “network corporation,” characterized by bottom-up, not top down, management. Zero Hour brings together all of the […]

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The Federal Reserve Has Just Given Financial Markets The Greatest Sell Signal In Modern American History

Why have stock prices risen so dramatically since the last financial crisis?  There are certainly many factors involved, but the primary one is the fact that the Federal Reserve has been creating trillions of dollars out of thin air and has been injecting all of that hot money into the financial markets.  But now the Federal Reserve is starting to reverse course, and this has got to be the greatest sell signal for financial markets in modern American history.  Without the artificial support of the Federal Reserve and other global central banks, there is no possible way that the massively […]

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Beware… We Face the Greatest Turning Point in October

Normally the worst season for the stock market is between July and November, especially August through mid-October, with September the worst month for losses (on average, of course). The first wave of the 1929 to 1932 crash ran from early September into mid-November, claiming a loss of 47% in just two and a half months. This year, this time frame could be equally dangerous… I’m a long-term forecaster, so I look to Andrew Pancholi at markettimingreport.com to fine tune the shorter-term situation. That’s not an easy task. And it’s impossible to be right all of the time. If you can […]

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Learning From the Greatest Hitter Who Ever Lived

Ted Williams was arguably the best hitter in the history of baseball. The Boston Red Sox leftfielder finished his 19-year professional career with a lifetime batting average of .344 and an on-base percentage of an incredible .482, and this despite taking time off in the prime of his career to fight in World War II and the Korean War. He also won the Triple Crown, meaning he led the league in batting average, home runs, and runs batted in… and he did it twice. To put that in perspective, there’s only been 16 Triple Crown winners in the history of […]

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James R. Keene — The Man Jesse Livermore Called The Greatest Trader Of Them All

While digging into old articles about James R. Keene for a piece I’m writing I came across this nugget that I have to share — it’s so good. For those of you not familiar with Keene, he is one of the most successful market operators of the late 19th century. Jesse Livermore, when talking about the trading legends of his day, called Keene the “greatest of them all”. The man made and lost fortunes many times over and lived a life full of color. Here’s the article, written by Robertus Love in The Princeton Union on July 11, 1907. Enjoy… […]

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Detroit Has Gone From Being The Greatest Manufacturing City In The World To A Global Joke

In 1960, the city of Detroit was the greatest manufacturing city that the world had ever seen.  Nearly two million people lived there, and it had the highest per capita income in the United States.  That may be hard to believe, because today it actually has one of the lowest per capita incomes of all of our major cities.  Over the decades more than a million people have left the city, and thousands of abandoned homes have been torn down.  But there are still tens of thousands of abandoned dwellings that remain standing, and some have sold for as little […]

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We Just Witnessed The Greatest One Day Global Stock Market Loss In World History

More stock market wealth was lost on Friday than on any other day in world history.  As you will see below, global investors lost two trillion dollars on the day following the Brexit vote.  And remember, this is on top of the trillions that global investors have already lost over the past 12 months.  It is important to understand that the Brexit vote was not the beginning of a new crisis – it has simply accelerated a global financial crisis that started last year and that was already in the process of unfolding.  As I noted on Friday, we have […]

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The EU’s greatest achievement

  “The EU’s greatest achievement is the Euro”, said Michael Portillo on the BBC’s This Week programme last Thursday. No, Michael, it isn’t. It is the EU’s worst mistake. As Yanis Varoufakis entertainingly explains in an interesting lecture published in the Australian Journal of Political Economy, the creation of the Euro led inexorably to the buildup of unsustainable debt – both private and public – in the Eurozone periphery countries: The problem is that creating a monetary union is a little bit like invading Russia. At first, there is rapid progress, as the French troops, Napoleon or the Wehrmacht found […]

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This Is One of the Greatest Deceptions of Our Time

This has been weighing heavily on my mind lately. Recently I’ve discussed how politicians don’t understand the economy. They don’t understand innovation – the fact that it comes out of challenge, and that without occasional crisis, the economy can’t rebalance and run as it should. So it’s no coincidence that the two great innovations of modern economics both emerged out of a different kind of crisis or challenge – a revolution, a challenging of the status quo. First: the Industrial Revolution gave birth to the whole system of free market capitalism. Then shortly after: the American Revolution and the French […]

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