Saturday, April 10, 2010
Davidowitz: U.S. Fiscal policy is "Crazy"
Retail industry expert Howard Davidowitz of Davidowitz & Co. appeared on Yahoo news to chime in on the so-called recovery. Davidowitz concluded that foreign nations have no confidence in the U.S. dollar. He sees the U.S. debt reaching 100% of gross domestic product and ultimately, collapsing the nation. He believes that Bush was a disaster and that Obama is an even bigger disaster. I particularly enjoyed how he summed up the current fiscal policy as "Crazy!"
Elsewhere, a London trader revealed JP Morgan's silver manipulation scheme. Andrew Maguire contacted GATA Director Adrian Douglas and shilled his guts. Apparently, he report the criminal operation to the CFTC enforcement division about JPMorganChase manipulation of precious metals.