"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK
Showing posts with label Bill Fleckenstein. Show all posts
Showing posts with label Bill Fleckenstein. Show all posts

Saturday, February 19, 2011

Bill Fleckenstein: The Bulls will be punished before the year's out (King World News)

Link to interview with Bill Fleckensten
(click play when site boots...telephone interview)


Interview Recap via Business Insider
By Mamta Badkar
February 18, 2011

Bill Fleckenstein is still giving loud warnings about a QE-induced stock bubble.

He tells King World News investors are getting drunk at the punchbowl:

What's happened with money printing this time around is people have gotten a little financially drunk again.

Fleckenstein says the bubble is becoming obvious in tech stocks -- which surprises him given what we've been through:

We're working on you know internet badness 2.0 now, with social networking and all the other stuff, Facebook, Groupon and all this other stuff. There's a lot of speculation in tech stocks now and so there's a lot of things that you wouldn't think would be occurring now given what we've been through, and given the economic backdrop, but that's what money printing does.

Fleckenstein says the bulls will be "punished" before the year's out:
"Trying to guess how high is high and how long it can last is really impossible, and people that try to pick a top will probably lose a bunch of money."

Additional Insight from Bill Fleckenstein
Link to articles by Bill Fleckenstein in MSN Money. Video with Bill Fleckenstein and Dylan Ratigan

Monday, February 7, 2011

Dylan Ratigan and Bill Fleckenstein Discuss Bernanke's Devastating Impact from Money Printing

Dylan Ratigan and Bill Fleckenstein discuss the impact of U.S. money printing is having on the poorest people on the globe including paying 80% of their income for food. Bernanke and the Federal Reserve will not admit to their mistakes and continue to print money in an effort to cover up the bailout of the banks and Wall Street. The U.S. government continues to inflate bubbles; dot.com, housing and now commodities including food.

Just take a minute and ponder the impact on our way of life if we in the U.S. had to spend 25% of our income to feed our family let alone 80%.


Wednesday, June 30, 2010

Bill Fleckenstein: The Financials' Earnings "Are Pure Nonsense"

Bill Fleckenstein (one of grandpa's favorites) shoots straight about the equity market

.I don't know how much of those S&P earnings are due to financials: all the financial earnings are pure nonsense, they are making it all up, we don't know where assets are priced necessarily and they are bailed out on the back of the Fed putting rates at zero. So I don't believe the earnings and I don't know what the multiple's going to be. It could easily trade at ten times."

Bill Fleckenstein...grandchild friendly