Alan Greenspan - "Effective demand is extraordinarily weak - tantamount to the late stages of the great depression"
From Zero Hedge
Happy Lunar New Year to all my followers. Sorry the video below is a few years old but it was the best one we could find with a Sydney feel. If you want to view this year's Sydney Chinese New Year Twilight Parade it is on from 8pm tonight (Sunday), details here
From Boom Bust
Published on Feb 12, 2015
During times of turmoil, people tend to pile into to safe haven assets. And many people’s favorite safe haven asset always has been and always will be gold, which is having a mixed year. Global demand for gold has hit a four-year low. However, thanks to turmoil in the Eurozone, gold has bounced back more than 3% this year after falling 28% the previous two years. Erin weighs in.
Then, Erin sits down with Marc Faber – editor and publisher of the Gloom, Boom & Doom Report and director of Marc Faber Ltd. Marc tell us what he why he believes this is the year that people will lose confidence in central banks. He also gives his usual nod to buying physical gold outside of the United States.
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