Read ‘BHP Billiton/The  Global Economy, Peter Schiff/ ‘Carts and Horses’, ‘Flations ’ e-mailed today to the over 10,000 opt-in (for e-mail) Subscribers to StockResearchPortal.com, a Resource Stock Research website.  In part, the e-mail reads:

“BHP Billiton on the  Global Economy

An article yesterday titled ‘3 Reasons Why The World’s Biggest Miner (BHP Billiton) Is Worried About The Global Economy‘ shows three charts on (respectively) austerity (i.e. Eurozone government expenditures/revenues – I say ‘shocking’), debt levels (U.S. borrowing by sector – broadly known but I think worth your time to review and think about), and near-term slowing of China’s economy (Money Supply (M1) and credit growth – very interesting).  Those with their ‘feet in the mud’ (people who actually operate businesses and whose ‘jobs are on the line’) in my view are people to be listened to and whose views ought to be considered carefully.  I suggest you review these three charts carefully – review time 2 minutes.

I strongly suggest (for the same ‘feet in the mud’ reason) that you take the time to read ‘BHP Sounds The Alarm On Global Growth and Commodity Prices‘ excerpted from BHP Billiton’s recent mid-year report – reading time – 3 minutes.

Peter Schiff on ‘Carts and Horses’

Well-known author and would-be politician (currently running for a U.S. Senate Seat in New York State) Peter Schiff wrote an article in Seeking Alpha yesterday titled ‘Robert Reich, Carts and Horses‘.  Mr. Reich is a former U.S. Labor Secretary who currently teaches at a California University.  I commented on Mr. Schiff’s article this morning as follows:

Although Mr. Schiff does not explicitly say that the U.S. Government ought not to take on additional debt to promote spending by those ‘not rich’, I think from this article that is his position. If it is, I agree with him. I do, however, think it unlikely …….” continue reading

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