MacTheory Hello and welcome to Mactheory An indepth report that doesnt make you read in-between the lines Friday August 14th 2009 mactheory.wordpress.com ——————- BHP slides in seven-year glitch, with 62pc fall www.theaustralian.news.com.au BHP Billiton has broken a seven-year run of record profits, posting its first full-year fall since 2002 as the global financial crisis sliced 30 per cent from underlying earnings. It was only the last video that I stated prices in BHP would fall. But do not buy just yet, wait until mid 2010 when prices are much lower. Also charges against the 4 rio tinto executives have been reduced, heres what the CEO had to say about the matter Email of the week Yes the e-mail of the week is from Daniel Harris He writes; Mac, I love your channel. I wanted to know your thoughts on the comparison between the great depression and your predictions on a second economic crisis this October. Also are you aware of terrance mckennas timewave zero theory? Daniel Harris Economist Krugman Says World Avoided Second Great Depression Aggressive stimulus spending by governments helped the world avoid a second Great Depression but full economic recovery will take two years or more, Nobel Prize-winning economist Paul Krugman said Monday. The following charts provide a simple comparison between the big stock bounce that occurred in the wake of the DOW crash of 1929 and the bounce we are seeing today in the S&P 500 index. ————————— EXCESS …
