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Archive for July 2008

Two GDP Suprises, Two Scary Employment Indicators, Two Guru Market Forecasts, and More!

by Addison Wiggin & Ian Mathias U.S. GDP skyrockets… how our struggling nation managed to double economic growth But government includes a quiet revision… economy contracted last year for first time since the tech bust Ahead of tomorrow’s jobs report,… Read More

Fed Says Credit Crisis Not Over, Merrill’s Bizarre Buyout, More Housing Gloom, I.O.U.S.A. Questions, and More!

by Addison Wiggin & Ian Mathias Fed cranks up the insanity… extends emergency lending facilities, introduces options on TSLFs The bizarre Merrill Lynch/Singapore/private equity conundrum… truly stranger than fiction Chris Gaffney on the dollar “bear trap” about to be sprung… Read More

Housing Rescue Passed, Insane 2009 Budget Deficit, I.O.U.S.A. Tickets, Byron King’s Oil Forecast, and More!

by Addison Wiggin & Ian Mathias Credit crunch crushes two more banks… why 5 Min. readers saw it coming Congress passes housing bill, awaits Bush approval… $800 billion asterisk snuck into the fine print Want to see I.O.U.S.A.? Your first… Read More

Another Guess at Total Financial Losses, Jim Rogers Wisdom, Arctic Oil Rush, and More

by Addison Wiggin & Ian Mathias Another guru predicts total financial losses… all signs point to credit crisis barely half over The data point that kick-started yesterday’s sell-off, and two surprise measures that are buoying stocks today Another look at… Read More

House OK’s Housing Bill, Kunstler on Housing’s Future, Oil and Gold Forecast’s, Rick Rule’s Rules, and More!

by Addison Wiggin & Ian Mathias Congress OKs housing bailout. The taxpayer cost? Unlimited… President Bush offers “drunk” explanation for economy, Federal Reserve releases equally useless Beige Book James Howard Kunstler on the likely future of U.S. housing Oil correction… Read More

Hated Stocks Soar, Time to Buy Financials?, The Euro’s Perfect Storm, What Rick Rule’s Buying, and More!

by Addison Wiggin & Ian Mathias 5 Min. editors plagued with bitter irony… hated stocks soar as Symposium enters full swing Forget the FDIC… The 5’s discovered an extensive list of the most at-risk regional banks in the U.S. GE… Read More

Price of Fannie Freddie Rescue, Energy Opportunities, Zimbabwe Update, Hydrant Robbers, and More!

by Addison Wiggin & Ian Mathias Government’s first guess at cost of Fannie and Freddie rescue U.S. credit card industry suffers major setbacks… while China’s plastic population shoots through the roof Financials still feeling the pain… but one chart shows… Read More

Paulson’s Warning, Crazy Agency Debt Stats, Peso’s Rise, Junior Miner Buying Opportunity, and More!

Paulson confesses bad times ahead… for “months” to come Yet everyone’s buying financials… Dan Amoss and Eric Fry on the latest sucker rally Stunning consequence of Fannie and Freddie bond sales… foreign hands own 10% of U.S. mortgages Chuck Butler… Read More

Miserable Americans, Stocks Soar, A Housing Surprise, Trouble From China, and More!

by Addison Wiggin & Ian Mathias American “misery” soars… John Williams on how recent inflation stats will move markets Stock indexes soar… the unlikely leaders of yesterday’s big rally Housing starts stage big upside surprise, Trump sets single-home sales record…… Read More

Highest Inflation in 26 Years, Short Selling Banned, New ETF, Airline Industry Play, A Changing of the Guard, and More!

by Addison Wiggin & Ian Mathias Inflation soars… consumer costs suddenly rise to multidecade highs The Fed’s dilemma… Bernanke handcuffed by falling financials, rising prices SEC bans form of short selling… Dan Amoss on the effects of the latest regulation… Read More