I’ve been wanting to post this July 2009 article, and provide more commentary. I do usually link to several related pieces that relate in my posts in general. But in light of the Obama and media mistruths being spread about the status of the economy, and using stock numbers and fuzzy interpretation of indicators, I’m posting this now for you to peruse in it’s entirety. It paints a less than pretty picture compared to the rosy views being fed to the American citizen by the O’admin and his puppet media. But surviving economic realities requires removing the rose colored glasses, and preparing ourselves for the best ways to weather thru economic corrections.
Eric Sprott is the Canadian business guru who predicted the banking collapse last year, and is #4 in Canada’s top successful investors. He’s one of the few who’s “…net worth went up over the past five months, thanks to the 30% increase of the value of his controlling stake in mutual fund firm Sprott Inc., parent of Sprott Asset Management.” You’ll find more of his insight with other articles here.
In our view, the only thing propping this market up is investor sentiment. Earnings have not improved. Keep it simple, stupid – investing is and has always been about the real economy, and this market is ignoring the hard data. You can invest in sentiment if you want to, but as we have said before, we prefer to invest in real things.
—–Eric Sprott, July 2009—–
So without further adieu, I present to you a more informed perspective, complete with charts, graphs and some real data “tough love” on what’s coming our way. Below is the embed TOCdoc format. However if you prefer, here’s a PDF version to download, save… or just for easier viewing.
Vietnam era Navy wife, indy/conservative, and an official California escapee now residing as a red speck in the sea of Oregon blue.