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 Monday, November 24, 2008
 Posted by Roberto
 8:31 PM   0 comments   

PETER SCHIFF WAS RIGHT

Here is a popular YouTube clip called "Peter Schiff Was Right" that shows the president of Euro Pacific Capital engaged in on-air debates with financial luminaries such as Art Laffer and Ben Stein back in 2006-07.

This clip shows the wisdom of Schiff's dire forecasts and, judging from the dismissive reactions, just how far he was outside the mainstream.



2008: Peter Schiff Sees More Pain Ahead
A longtime gold bull, Schiff believes the dollar's "phony" rally will soon end. To his credit, Schiff admits being caught off guard by the greenback's recent bounce, but believes efforts by global central bankers to fight the credit crunch will lead to devalued currencies, and higher commodity prices.
The U.S. Dollar is in the midst of a prolonged collapse against other world currencies.
Government debt is out of control. Instead of solving the problem sensibly (by raising taxes and/or reducing spending), the government just prints more money, which leads to inflation, and which may lead to hyperinflation.
The government is severely underreporting inflation, which Schiff says is running at 8-10% annually.
The low interest rates promoted by the Federal Reserve have fueled needless consumption and the overuse of credit.
Like the housing market before it, consumer debt is another meltdown waiting to happen.

In his new book, The Little Book of Bull Moves in Bear Markets, Schiff explains the reasons for his dire predictions, and suggests ways for readers to protect their financial well-being.
Yahoo Tech|Ticker Video with Peter Schiff


2008: Why Isn't Anyone in Jail?
"There is no poster child for the housing scandal because you need to investigate, and you need to bring cases and we haven't done either against the major players," says William Black, Associate Professor of Economics and Law at the University of Missouri - Kansas City, former federal regulator and author of "The Best Way to Rob a Bank Is to Own One". Black, who was counsel to the Federal Home Loan Bank Board during the S&L Crisis and blew the whistle on the "Keating Five" in 1989, says investigations have shown fraud incidence of 50% at once major subprime lenders like IndyMac and Countrywide.
But even though the FBI warned of an "epidemic" of mortgage fraud in 2004, they subsequently made a "strategic alliance" with the Mortgage Bankers Association, which serves the major industry players.
Yahoo Tech|Ticker Video with William Black

 

 Thursday, November 20, 2008
 Posted by Roberto
 11:48 PM   0 comments   

BUBBLE HISTORY SAYS:
MORE PAIN AHEAD FOR FINANCIALS

John Roque, Managing Director, Natixis Bleichroeder:
"Historically, we noticed that most bubbles aren't popped until they are down 90 percent from their peak. Even with the S&P Financial SPDR down more than 70% from its peak, the entire sector still has more pain ahead."

Historical peak-to-trough declines of past Market Manias:
Dutch Tulip Mania (1637): 90% peak-to trough decline
South Sea Co. (1720): 90% peak-to trough decline
Missisipi Co. (1720): 95% peak-to trough decline
Tokyo Real Estate (1989): 84% peak-to trough decline
Nasdaq (2000): 77% peak-to trough decline
U.S. dotcoms (2000): 92% peak-to trough decline
U.S. Financials (2007): 71% so far

 

 Thursday, November 13, 2008
 Posted by Roberto
 3:20 PM   0 comments   

FINANCIAL CRISIS SNAPSHOT

U.S. jobless claims hit 516,000, highest in 7 years

Germany in recession first time in five years

U.S. trade gap narrows as imports, exports shrink

Euro zone economy already in recession,
    says ECB Governing Council member Ewald Nowotny

OECD slashes economic output forecasts

China's annual industrial output growth falls to 8.2 pct in October
    Lowest in seven years

Gold steady, 717

Oil prices hit 22-month low of $55 a barrel, OPEC mulls output cuts

Copper falls to 3-year low

 

 Monday, November 10, 2008
 Posted by Roberto
 7:09 PM   0 comments   

DIMENSIONALISATION
GeForce Stereoscopic 3D with active shutter glasses

Dimensionalisation: the coming age of 3D technology as the next step in our visual interaction with our computing devices.

NVIDIA GeForce 3D stereoscopic technology is an NVIDIA software and hardware solution which takes standard Microsoft DirectX games and converts them to stereoscopic 3D. The NVIDIA GeForce Stereoscopic 3D driver works at the lowest level by taking 3D game data and rendering each scene twice, once for the left eye and once for the right eye. Each eye image is offset from each other for the correct viewing. The GPU then sends this data to a 3D Ready display. These displays show the left eye view for even frames (0, 2, 4, etc) and the right eye view for odd frames (1, 3, 5, etc).
NVIDIA 3D glasses then synchronize back to the 3D Ready display and present slightly different images to each eye resulting in the illusion of depth and an incredibly immersive experience for games.

To date there are two 3D Ready displays:
ViewSonic pure 120 Hz LCD and a Mitsubishi 70 inches DLP HDTV.
Viewsonic's monitor comes with a 1,680 x 1,050 resolution, a 3ms grey-to-grey response time, 1,000:1 contrast ratio and a 120Hz refresh rate. This refresh rate combined with 3D glasses from nVidia allows an effective 60Hz refresh rate for each eye.

NVIDIA's technology uses active shutter glasses that have LCD panels inside them to block the left and right eyes alternately. When voltage is applied to these glasses, the liquid crystal darkens but is still transparent, creating what's called an alternate-frame sequence; in synchronizing with the monitor at a high refresh rate, each eye receives a different image, in which the 3D effect is achieved. Thus, it corrects the tilt problem and provides a convincing 3D image.

 
NERO wearing the Adidog shirt
 
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