East Coast Economic Update, March 2, 2009!

Here is the East Coast Economic Update.

China's starting to recover from the recession. It is the beginning of the end of our relationship and the beginning of their Decoupling from the US Economy!

Bloomberg Article: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=acGnVAOOGI7A

The DOW has to reach 2833! to hit its 80% mark for an official crash. I think that will be the "Golden Bottom". It has already surpassed the S&P and is starting to reach the NASDAQ. It won't belong before we have that "Golden Bottom".

Category:

People & Blogs

Tags:

• Golden Bottom
• US Economy
• Silver and Gold
• US Treasuries

[dixon36]

Arent Chinas banks still kinda iffy? They had alot invested in the United States. China is going to have to buy China because everyone else is going bankrupt. Except Israel.

[Kittenkattan]

Chinese banks are not iffy when their people's savings rate is 53%. Also, when you China has 96% production of all the worlds goods. "Market Fundamentals" show that China is the only one who could come out of a recession.

Think about it.

[magi55]

USA must probably collaps and bankupt west economy so that west civilisation then will work for a very low salary.

Then USA and europe again can compeate with asia workers with same salaries.

But it will be some very bad years and people will have to meet asian living standards.

Possible????

Peace

Magi

[Kittenkattan]

Magi,

I think that what you stated is more true than what most people are envisioning.

I think you are right on in your prediction.

Peace.

K.K.

[D4md0n3]

Great video, Rothbard is quite underrated in mainstream economic circles. I recently ordered his magnum opus; Man, Economy, And State. A very voluminous work to be sure.

If you don't mind ordering online and you are looking for silver, Apmex has quite a bit in stock. Also compare prices with Tulving and Bullion direct. Tulving only deals with large orders of 500oz of Silver or more. All three are highly recommended however I can only personally vouch for Apmex.

[Kittenkattan]

I saw the Opus. I am sticking with the "Great Depression" book. That is some book to read. I think it should come with a Master's Degree in Economics.

Peace.

[RenegadeTimes]

Can't blame any country for retalliating. Our sanctions and bullying coupled with arming monsters and killing the helpless..well it's coming home to rooste perhaps ..I can find no good truths ..Orchestrated economic disaster serving the rich further. On and On ..it's endless so..get your G&S . Remember how Katrina was handled ? Be-aware !

[korenisrael]

LOL , the world capital (specially us) is based on cheap hard work labor !

this is the economic .

once you don't have "cheap hard labor" , you won't have any wealth , upper classes...

once the economic system will collapse , everything will be in the right proportions , as they should be .

what do you think goverments are doing with stimulation packages ?

maintaining the situation !

it's all based on ricness and poverty , no matter what they'll tell teach you .

even in kids book it's...!

[bdc03]

They also have the most human capital in the world.

[Dakarah777]

Great vid as usual. I believe that you are onto something.

[wellingtonsc75]

The Chinese are incredibly brilliant and it's quite obvious that they are waiting for their time to emerge. Just look at what they are doing with their space agency and their plans to put a man on the moon -- they have made giant strides in a short amount of time.

I think you are right... it is a bit of a transition time for China, but once they focus on selling their goods domestically and find other markets (i.e India) they will be fine. The Chinese are well positioned to do very well.

[Travinyle1]

Good report as always

[stshell]

it will take some years but i agree with you. no doubt the yuan is severely undervalued right now but china is definitely long term and we are extreme short term.

i buy silver at apmex in 10oz bars and 1 oz rounds.. u can get 100oz bars if u want also.