In The News Today

Posted at 7:04 PM (CST) by & filed under In The News.

Dear CIGAs,

There is something so comforting about being missed.

IMGP2020

 

Jim Sinclair’s Commentary

Igor is WRONG!

It is NOT the US, it is the US dollar.

It is NOT in 2010, but rather between the first week of January 2011 and the third week of June 2012.

However, if he was by some unforeseen circumstance correct, geographically it would be rather good for the Cando and Euro between January 14th, 2011 and the third week of June 2012.

It is amazing what hyper-dollar- inflation can do for a resource based currency without a chronic deficit problem.

"As goes Motors, so goes the USA"

" The annual convention of Economic Experts was called off due to unforeseen circumstances."

As if Things Weren’t Bad Enough, Russian Professor Predicts End of U.S.
In Moscow, Igor Panarin’s Forecasts Are All the Rage; America ‘Disintegrates’ in 2010
By ANDREW OSBORN

MOSCOW — For a decade, Russian academic Igor Panarin has been predicting the U.S. will fall apart in 2010. For most of that time, he admits, few took his argument — that an economic and moral collapse will trigger a civil war and the eventual breakup of the U.S. — very seriously. Now he’s found an eager audience: Russian state media.

In recent weeks, he’s been interviewed as much as twice a day about his predictions. "It’s a record," says Prof. Panarin. "But I think the attention is going to grow even stronger."

Prof. Panarin, 50 years old, is not a fringe figure. A former KGB analyst, he is dean of the Russian Foreign Ministry’s academy for future diplomats. He is invited to Kremlin receptions, lectures students, publishes books, and appears in the media as an expert on U.S.-Russia relations.

But it’s his bleak forecast for the U.S. that is music to the ears of the Kremlin, which in recent years has blamed Washington for everything from instability in the Middle East to the global financial crisis. Mr. Panarin’s views also fit neatly with the Kremlin’s narrative that Russia is returning to its rightful place on the world stage after the weakness of the 1990s, when many feared that the country would go economically and politically bankrupt and break into separate territories.

A polite and cheerful man with a buzz cut, Mr. Panarin insists he does not dislike Americans. But he warns that the outlook for them is dire.

"There’s a 55-45% chance right now that disintegration will occur," he says. "One could rejoice in that process," he adds, poker-faced. "But if we’re talking reasonably, it’s not the best scenario — for Russia." Though Russia would become more powerful on the global stage, he says, its economy would suffer because it currently depends heavily on the dollar and on trade with the U.S.

More…

 

Jim Sinclair’s Commentary

Thank you all you now bailed out OTC derivative manufacturers. You should consider Blackwater Security Services as you will most certainly need them, and they need the business.

Maybe Mr. Madoff should have hired Blackwater rather than asking for free services from the FBI.

Enjoy hiding the rest of your lives with your cancerous ill gotten gains at the cost of so many others’ well being. May you all rot in hell for eternity!

You are ignorant of the inescapable dire sufferings you have caused yourselves.

Holiday Sales Drop to Force Bankruptcies, Closings
By Heather Burke

Dec. 29 (Bloomberg) — U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years.

Retailers may close 73,000 stores in the first half of 2009, according to the International Council of Shopping Centers. Talbots Inc. and Sears Holdings Corp. are among chains shuttering underperforming locations.

More than a dozen retailers, including Circuit City Stores Inc., Linens ‘n Things Inc., Sharper Image Corp. and Steve & Barry’s LLC, have sought bankruptcy protection this year as the credit squeeze and recession drained sales. Investors will start seeing a wide variety of chains seeking bankruptcy protection in February when they file financial reports, said Burt Flickinger.

“You’ll see department stores, specialty stores, discount stores, grocery stores, drugstores, major chains either multi- regionally or nationally go out,” Flickinger, managing director of Strategic Resource Group, a retail-industry consulting firm in New York, said today in a Bloomberg Radio interview. “There are a number that are real causes for concern.”

More…