READ THIS – From The Man Behind The Paulson ABX Trade, Paolo Pellegrini, Comes The First Investor Letter And A 81% Return YTD – Submitted by Tyler Durden – Zero Hedge – has the report pay attn to pages 3 – 4
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New Tax? – Taxing the Speculators – By PAUL KRUGMAN – Should we use taxes to deter financial speculation? Yes, say top British officials, who oversee the City of London, one of the world’s two great banking centers. Other European governments agree — and they’re right. Unfortunately, United States officials — especially Timothy Geithner, the Treasury secretary — are dead set against the proposal. Let’s hope they reconsider: a financial transactions tax is an idea whose time has come. – NY Times Opinion
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Are You Prepared for Another Lost Decade? – Author: Martin J. Pring, Joe D. Turner, and Thomas J. Kopas – … In April 2003, Pring Turner Capital Group published an article … This piece laid out our case that the year 2000 was a secular or “long-term” peak for the U.S. stock market. … Our goal with the forecast in this report is to help you prepare for the next ten years. … Our opinion … suggests that investors should anticipate another “Lost Decade”. As we will explain in more detail later in this report, 2009 could mark only the mid-point in this secular bear market. … Allowing for a best-case scenario of 4 business contractions, this also suggests that we are barely halfway through the current cycle. … – Riskcenter.com