Hello World,
I received the following comment on my book How To Profit From The Coming Inflationary Boom And Avoid The Next Crash from Vic Currier, and wanted to share it with you.
"With Buster, your politics don't matter. Only prudent investing - expressed in his layman's language - matters. I lost by not acting quickly on his sage advice. Now, I'll be following him to the letter. I recommend you do the same. Keep him close. He is a true visionary and you will "Profit" by doing so."
Vic Currier is a retired federal savings bank board member/executive and real estate entrepreneur in California, Arizona and New Mexico.
You can purchase PROFIT as a print copy or download at my publishers page here.
Coming soon my podcast radio show "H L Quist - The Myth Buster"
-- H. L. Quist
Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts
Saturday, August 8, 2009
Monday, August 3, 2009
H. L. Quist - Sunday's Radio Show was Great
Hello World,
My guest appearance on Pat Gorman's Hard Money Watch radio program was a great experience! If you missed it listen here -- the link should be active for several weeks, so send this blog to your friends and family.
If you have not purchased your copy of "PROFIT" my how-to-guide click here for the payment window where you can purchase the book for $20 plus shipping using your Paypal account or credit/debit card. Don't forget to give me your mailing address.
Also for any of you who would like to take advantage of my two book special of GREED and PROFIT for just $30 plus shipping click here, same kind of payment window comes up.
Stay tuned for more updates.
H. L. Quist
My guest appearance on Pat Gorman's Hard Money Watch radio program was a great experience! If you missed it listen here -- the link should be active for several weeks, so send this blog to your friends and family.
If you have not purchased your copy of "PROFIT" my how-to-guide click here for the payment window where you can purchase the book for $20 plus shipping using your Paypal account or credit/debit card. Don't forget to give me your mailing address.
Also for any of you who would like to take advantage of my two book special of GREED and PROFIT for just $30 plus shipping click here, same kind of payment window comes up.
Stay tuned for more updates.
H. L. Quist
Tuesday, February 3, 2009
H. L. Quist Interview via London
Hello World,
Last week I was a guest on "Above Politics" radio out of London, UK. Click here to listen to my conversation with Host Martin Bain.
-- H. L. Quist
Last week I was a guest on "Above Politics" radio out of London, UK. Click here to listen to my conversation with Host Martin Bain.
-- H. L. Quist
Wednesday, January 7, 2009
H. L. Quist on Financial Lifeline Radio
Hello World,
My guest appearance, yesterday, on Financial Lifeline Radio was an excellent opportunity to discuss with the show hosts Dave Harbison and John March our mutual concerns about the current economic environment and my views of the opportunities you as an investor have before you. The show archives remain 'live' for two weeks.
Click here to listen
If you have problems with the above link, go to the main archive page here, and scroll down to my segment to listen or download the program.
And, don't forget to check my own radio show "The Myth Buster" by clicking on the microphone in the sidebar, for the current show archive.
Forward this blog to family, friends and co-workers for my updates on the economy and opportunities.
-- H. L. Quist
My guest appearance, yesterday, on Financial Lifeline Radio was an excellent opportunity to discuss with the show hosts Dave Harbison and John March our mutual concerns about the current economic environment and my views of the opportunities you as an investor have before you. The show archives remain 'live' for two weeks.
Click here to listen
If you have problems with the above link, go to the main archive page here, and scroll down to my segment to listen or download the program.
And, don't forget to check my own radio show "The Myth Buster" by clicking on the microphone in the sidebar, for the current show archive.
Forward this blog to family, friends and co-workers for my updates on the economy and opportunities.
-- H. L. Quist
Monday, December 1, 2008
ANOTHER BUBBLE
As detailed in my book "GREED", I forecast in July 2005 that the massive real estate and credit bubble would "implode endangering the financial security of millions of Americans." Unfortunately, my forecast was accurate.
As I finished writing "GREED" in December 2007, the Dow Jones Industrial Average (DJIA) had declined about 7% from its October 2007 high and I wrote:
"At present the US stock market is overbought and over-valued. There could be a near-term nasty correction of (an additional) 10% to 30% in early 2008..."
As we painfully know the equity market bubble imploded into an all-out-bear market rout which exceeded my estimate.
Now, as all America ponders what's ahead in this "Aftermath of Greed," a third bubble has found helium and will, in your author's opinion, burst in 2009 catching unwary investors unprepared — again.
What is this latest asset bubble? Believe it or not, it's US Treasury debt!
Since this past summer, as the stock market began its precipitous decline and the housing and credit sector worsened, investors sought the safe-haven of US Treasuries, preparing for a recession or even a depression economy. Demand has been so great that yields have reached historic lows. One and two month T-bills pay less than one-tenth of one percent whereas they were about 5% in August 2007! Two year rates are below one percent and the bellwether ten year note currently yields under 3%. Although investors were principally seeking safety, those that bought Treasury debt a year ago have also enjoyed huge realized and un-realized capital gains (as yields decline the principal market value of the bond increases).
BUT — what happens (or perhaps when) the threat of the dreaded "Double D" — Default and Depression — subsides and the signs of recovery are promoted by the talking heads on CNBC? And, what happens when the inevitable whiff of inflation burns the market's nostrils? Billions, yes maybe a trillion will flee from the Treasuries as fast as John's during a raid on a house of ill- repute!
But, alas, there could be a silver lining in this bubble. Where will a large portion of this money go?
First, equities. A dramatic bear market rally could be ahead.
Second, gold. The ultimate money and inflation hedge.
Third, real estate. A surprising rebound could defy all prognosticators.
Most market mavens and economists predict there will be a slow road to recovery in all these sectors. "The Myth Buster" doesn't agree and envisions continued volatility in all markets. But barring a catastrophic event, there could be a decided upside bias in 2009. There isn't an easy way to quantify the amount of capital that will be re-deployed from Treasuries elsewhere, but I suspect that a considerable amount of the multi-trillions is not traditional, patient money. It's "smart money" looking for opportunity and outsized gains.
Where's the downside? At the US Treasury Department. The Government's refinancing needs may exceed $2 Trillion in 2009. Who is going to step up and buy Treasury debt in a rising interest rate environment? And, who is going to invest in a country whose currency is being defaced daily? The US shouldn't count on the Chinese. They're already holding $1.9 trillion US Dollars and Treasury debt and rumors out of China indicate that they're contemplating converting some of these dollars to gold bullion (4,000 tonnes). The reality is that the entire G20 is more than a little concerned about the global imbalances that the US has created.
Stay tuned to "The Myth Buster." Change is coming!
Subscribe to this feed by clicking here!
-- H. L. Quist
As I finished writing "GREED" in December 2007, the Dow Jones Industrial Average (DJIA) had declined about 7% from its October 2007 high and I wrote:
"At present the US stock market is overbought and over-valued. There could be a near-term nasty correction of (an additional) 10% to 30% in early 2008..."
As we painfully know the equity market bubble imploded into an all-out-bear market rout which exceeded my estimate.
Now, as all America ponders what's ahead in this "Aftermath of Greed," a third bubble has found helium and will, in your author's opinion, burst in 2009 catching unwary investors unprepared — again.
What is this latest asset bubble? Believe it or not, it's US Treasury debt!
Since this past summer, as the stock market began its precipitous decline and the housing and credit sector worsened, investors sought the safe-haven of US Treasuries, preparing for a recession or even a depression economy. Demand has been so great that yields have reached historic lows. One and two month T-bills pay less than one-tenth of one percent whereas they were about 5% in August 2007! Two year rates are below one percent and the bellwether ten year note currently yields under 3%. Although investors were principally seeking safety, those that bought Treasury debt a year ago have also enjoyed huge realized and un-realized capital gains (as yields decline the principal market value of the bond increases).
BUT — what happens (or perhaps when) the threat of the dreaded "Double D" — Default and Depression — subsides and the signs of recovery are promoted by the talking heads on CNBC? And, what happens when the inevitable whiff of inflation burns the market's nostrils? Billions, yes maybe a trillion will flee from the Treasuries as fast as John's during a raid on a house of ill- repute!
But, alas, there could be a silver lining in this bubble. Where will a large portion of this money go?
First, equities. A dramatic bear market rally could be ahead.
Second, gold. The ultimate money and inflation hedge.
Third, real estate. A surprising rebound could defy all prognosticators.
Most market mavens and economists predict there will be a slow road to recovery in all these sectors. "The Myth Buster" doesn't agree and envisions continued volatility in all markets. But barring a catastrophic event, there could be a decided upside bias in 2009. There isn't an easy way to quantify the amount of capital that will be re-deployed from Treasuries elsewhere, but I suspect that a considerable amount of the multi-trillions is not traditional, patient money. It's "smart money" looking for opportunity and outsized gains.
Where's the downside? At the US Treasury Department. The Government's refinancing needs may exceed $2 Trillion in 2009. Who is going to step up and buy Treasury debt in a rising interest rate environment? And, who is going to invest in a country whose currency is being defaced daily? The US shouldn't count on the Chinese. They're already holding $1.9 trillion US Dollars and Treasury debt and rumors out of China indicate that they're contemplating converting some of these dollars to gold bullion (4,000 tonnes). The reality is that the entire G20 is more than a little concerned about the global imbalances that the US has created.
Stay tuned to "The Myth Buster." Change is coming!
Subscribe to this feed by clicking here!
-- H. L. Quist
Monday, October 20, 2008
The Myth Buster Radio Show
Hello World,
My radio show today is now in its third week, and I invite you to listen in online or locally (Phoenix Metro Area), and call in with your comments, thoughts, concerns and questions. 602-324-KFNN (5366)
1-2 p.m. Phoenix local time on KFNN 1510 AM, or www.kfnn.com. For information on the show at the radio site click here.
To listen live click here
I welcome your comments and suggestions,
-- H. L. Quist
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