Water Ive been urging my subscribers to invest in water stocks for several years…and Hyflux is one of my favorites. Hyflux (HYFXF: OTC Bulletin Board) operates in China, Southeast Asia, India, the Middle East and North Africa. It is involved in a variety of water projects, from desalination to recycling. It was among the first stocks ever recommended in my investment service, Mayers Special Situations, when I launched the Blue Gold Portfolio back in the summer of 2006. Since I recommended it, Hyflux is up 75%, while the S&P 500 is down 10%.
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Why Increasing Bank Credit Can Only End in Catastrophe
I have to admit that I was stunned that Fed Credit (the magical fairy dust from which money appears out of thin air) went up last week by a huge $19 billion, which the Fed itself used to buy $18.4 billion in government debt. In one week! In One Freaking Week (OFW)!!
As Eric Fry, Editorial Director of The Daily Reckoning, puts it, “The effect of this bizarre transaction is that one branch of the government issues debt securities, while another branch of the government purchases those securities”!!!
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