Dear CIGAs,
A little more than two years ago, economist John Williams of shadowstats.com predicted a “severe recession” was coming and soon.  At the time, I was working as an investigative correspondent for CNN.  I interviewed Williams for a story about the coming financial crisis.  Most so-called experts, at the time, did not see the financial [...]

Jim Sinclair’s Commentary
Greg Hunter is so right about the result of MOPEd details of the present time major banking crisis.
If FASB did not capitulate there would be few solvent US banks. This includes major money center banks. This means that the earning statement and balance sheets of the financial community are as much a cartoon [...]

Dear CIGAs,
The decade of the 1990’s is America’s modern day equivalent of the Roaring 20’s.  Back then, we were making great strides in productivity.  We had near full employment, the government had a surplus of cash and the stock market was making many people rich.  The future looked so bright in December of 1996 [...]

Dear CIGAs,

Both the House of Representatives and the Senate have passed their versions of financial reform legislation.  Now, the process of reconciliation takes place between both bodies of Congress to iron out a final bill the President can sign into law.  There is plenty in the bill such as new consumer protection, increased power given [...]

Dear CIGAs,

Recent headlines coming out of the financial world have been jaw dropping.  Here are a few: US faces same problems as Greece, says Bank of England (The Telegraph), World markets rattled by Goldman fraud (The Economic Times), Goldman Sachs faces criminal investigation (Guardian UK), Government Probe into Wall Street Sales Widening (Fox Business), SEC [...]