Dear CIGAs,
Second quarter GDP growth numbers were revised down last week to a paltry 1.6% from 2.4%.  Wall Street celebrated because some were expecting “growth” to be revised even lower.  The stock market shot up on this news, but should everyone feel relieved because the U.S. got at least some growth?  Consider this–we paid [...]

Dear CIGAs,
A little more than two months ago, banking analyst Meredith Whitney said on CNBC, “Unequivocally, I see a double-dip in housing.  There’s no doubt about it . . . prices are going down again.” I’d say unequivocally she was spot on.  A few of the hellish headlines dragging the economy down include: Existing [...]

Jim Sinclair’s Commentary
Slowly the Sheeple are waking up.
MOPE is becoming less effective. This is how trends start.
Dear CIGAs,
Recently, a new Gallup poll delivered some bad news to mainstream media–only one fourth of people asked believe what it says.  The Gallup story said, “Americans continue to express near-record-low confidence in newspapers and television news – with [...]

Jim Sinclair’s Commentary
To quote CIGA Pedro, who holds all the credentials necessary for his position as an authority, it is all about OTC energy derivatives. If BP, who had their credit reduced to one year duration, gets squeezed out they cannot hedge their already huge positions putting that entire market in the same condition as [...]

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 [...]