Archive for June, 2009

WHERE IS THE GOOD NEWS?

Written June 26th, 2009 by
Categories: Greyerz' Newsletters, Latest Articles

The only reason why there has been an air of optimism in the world economy in the last couple of months is that the bearers of these false rumours of recovery all have a vested interest. They are either government officials who consistently mislead the people, bankers who are the principal beneficiaries of the dollar trillions printed  or they are investors in the stockmarket who hope to recover their losses. Read the rest of this entry »

GOLDEN SHOOTS

Written June 19th, 2009 by
Categories: Greyerz' Newsletters, Latest Articles

No green shoots

There are no green shoots. Every single piece of economic and market news we observe confirms our view that the current optimism in the world economy is purely based on sentiment and not on facts.

The current corrective rallies in world stockmarkets were forecast by us in our January Newsletter. Corrective rallies create false optimism and hope. This is what we are seeing currently. Read the rest of this entry »

A RECIPE FOR DISASTER

Written June 12th, 2009 by
Categories: Greyerz' Newsletters, Latest Articles

Take the following ingredients:

  1. A banking system which is on the verge of collapse
  2. Add a few $ trillion of government liquidity and guarantees
  3. Inject $ 100′s of billions in loans and capital
  4. Keep all the bank management that have caused the crisis
  5. Pay them astronomical bonuses because otherwise they might be snapped up by a bankrupt competitor Read the rest of this entry »