Latest Blog Posts for Grant Montgomery - Path of Weakness

• The US economy explained in 135 seconds
  on Jun 16, 2011
  Former Labor Secretary Robert Reich said he could explain the problems with the economy in less than 2 minutes, 15 seconds—and he did it (with illustrations to boot). Check it out.
• The Day the Dollar Dies
  on Dec 16, 2010
  What will happen the day the US Dollar dies?Click here to see the news before the news happens:...
• Bankruptcy of U.S. is Mathematical Certainty
  on Nov 6, 2010 in u.s.; economy; recession; bankruptcy; united states
  John Allison, who for two decades served as chairman and CEO of the nation's 10th largest bank, told CNSNews.com it is a “mathematical certainty” that the United States government will go bankrupt unless it dramatically changes its fisc...
• Dollar at risk of becoming “toxic waste”
  on Oct 28, 2010
  The dollar's slump could get far worse if the dollar index takes out last year's low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC. "If the (dollar index) takes out the low that was made roughly a year ago I really think that...
• Mass mortgage document processing, dubbed “robo-signing”
  on Oct 21, 2010 in economy; mortgage; robo-signing
  According to RealtyTrac, in September banks repossessed a home roughly every 30 seconds. Every 30 seconds, banks—many that received funds from the Bush administration’s TARP, and that may be using fraudulent practices—foreclose on an American f...
• Why so many U.S. jobless and underemployed?
  on Oct 5, 2010 in US; underemployment; manufacturing; bailout; loans; stimulus; taxpayer; us economy; wall street;
  Why are so many jobless and underemployed in America? One clue is that US corporations are now hoarding all their cash instead of investing it. How much cash? More than $1.6 trillion. Read moreAnd US companies continue to move manufacturing operation...
• $12.8 trillion to rescue the U.S. economy
  on Sep 6, 2010 in Troubled Asset Relief Program; TARP; economic crisis; economy; Federal Reserve; FED; FDIC; Treasury; Great Depression; financial meltdown; TARP; economic crisis
  We all know about TARP, the Troubled Asset Relief Program, which spent $700 billion in taxpayers’ money to bail out banks after the financial crisis. That amount was scrutinized by Congress and the media. (What it actually accomplished is anothe...
• Moody’s warns of full-blown sovereign debt crisis
  on Aug 23, 2010 in Great Recession; sovereign debt crisis; deficit; economy; interest rate
  The Great Recession has dramatically shrunk the time left to prevent a full-blown sovereign debt crisis as the demographic time-bomb threatens, US rating agency Moody's has warned. Moody's fears that the US will crash through its safety buffer by 201...
• The Measure of American Poverty
  on Jul 13, 2010 in poverty; u.s.; recession; american
  New poverty figures to be published in September: More than 15 million Americans are unemployed, homelessness has increased by 50 percent in some cities, and 38 million people are receiving food stamps, more than at any time in the program’s almost...
• Those who don’t remember history are doomed to repeat it
  on Jul 6, 2010 in Dow Jones; bailout; us economy; Great Depression
  The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression. And says Robert Reich, former US labor secretary, "The economy is still in the gravitational pull of the Great Recession. All...

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