Half of US kids to be Food Stamps

By Investing Contrarian

Published: November 3, 2009

This comes hardly as a surpirse to me. The real fallout from the financial crash of 2008 will not just be felt in the financial world but will seep into the economy and social fabric of US existence over the next 5 years.
Half of American kids will live in households receiving food stamps before [...]

109 Bank failures: Countdown to Shutdown

By Investing Contrarian

Published: November 1, 2009

As investors evince great surprise at the number of bank failures even as markets have floated on better than expected GDP numbers, Manufacturing numbers, Housing numbers and Jobless claims. So what happened?
The story really is very simple and goes to the very heart of the US economy. That is there is no real consumer led [...]

US Dollar is worse than Yen. It is the Peso

By Investing Contrarian

Published: September 30, 2009

Peter Schiff views on the latest on US dollar…..
The U.S. dollar will continue weakening, and investors may borrow it to invest in higher-yielding assets, says Peter Schiff, president of Euro Pacific Capital.
“I don’t know when (the dollar) is going to strengthen,” Schiff told CNBC.
“The dollar isn’t the new yen, it’s unfortunately the new peso.”
A weak [...]

Chinese Data another killer for the US ?

By Investing Contrarian

Published: September 11, 2009

Out of the 5 items above, none is positive for the dollar or the US. The Chinese stimulus was always directed at stimulating its domestic demand rather than benefit its export industries. While the export industries have not been untouched by the stimulus, the overwhelming focus has been on domestic demand. Industrial output, Bank lending [...]