MarketSkeptics aims to provide insights by taking a hard look at the economy and financial system while ignoring the mindless optimism found on Wall Street. To this end, MarketSkeptics will closely monitor economic/political developments around the world, the government's various market interventions (bailouts), the state of the job/housing markets, and other current economic indicators (inflation, Libor, etc).
Understanding the big picture about the fundamentals driving the economy is key to predicting broad trends in the market and finding attractive investment opportunities.
Setting Up A Fund To Invest In Russian Agriculture
I have moved to Russia and am setting up a fund to invest in Russian agriculture. Please read *****2010 Food Crisis Means Financial Armageddon***** for more information on the case for agriculture.
About Me
In October 2007, while I was looking up information about the subprime crisis, I read some articles about bond insurers, SIVs, and how credit ratings worked. I remember thinking to myself: "I can't believe this! the US financial system is an enormous ponzi scheme." I went short the market and sent out emails to my family and friends warning of a market crash. Since then, I have closely followed what's been happening in the economy, because I believe the best way to understand something is to watch it fall apart. A Note on Advertising
I started my blog, MarketSkeptics.com, in September 2008. Since I was regularly sending out warning emails, I decided to post these warnings online and earn some ad revenue.
Here are the links to some of the my old emails from before MarketSkeptics.com:
October 2007 emails warning about a stock market crash
January/February 2008 emails warning about credit bubble, inflation, and deflation
Emails About 2008 Oil Bubble
My current plan is to continue tracking financial developments and the dollar from here in Rowayton, Connecticut.
As I am pretty much devoting my full attention towards maintaining this site and covering the financial crisis, donations and advertising revenue are my primary sources of income right now. Currently, there are three sources of ad revenue for the site.
The first form of advertising revenue comes from Google ads. These display contextual ads based on the content of the page they appear on. Although I have little control over what shows up, I do try to filter out inappropriate ads when I see them (chnlove.com, match.com, etc…).
The second form of advertising comes from the eBay banner to the right. I particularly like this banner as I find it useful to see where the eBay price gold is trading. EBay isn’t the cheapest place to buy gold, but it does offer two advantages: you can pay with a credit card and your gold is shipped right away. Just make sure you buy gold from a seller with a lot of positive feedback.
The third form of advertising revenue comes from Amazon.com. If you click on the Amazon banner located at the bottom of the right sidebar, and do some shopping there, a 4-8% commission will flow back to MarketSkeptics.com, helping to support the site.
Donations to support market skepticism are also welcome and appreciated.
For media requests
Please feel free to quote from the blog (with a reference). Also, please feel free to email me. (Don’t be surprised if there is a slight delay before hearing back from me: I am still adjusting to the volume of emails MarketSkeptics.com has begun to generate.)
Thank you and best regards to all.
email
The quality of your blog posts does not match your resume-which one is wrong?
Eric is a brilliant young original mind who has found his voice. Who needs a PHD if one can think.
I found your work very useful and readable, I can read here things that many suspect but very few are telling. Thanks a lot, God bless you!
Well, according to historic drought levels in South America is it safe to say that viticulture of Argentina and Chilean regions will be producing some great wines in the years to come?
In all honesty, I find your postings well thought out to synchronize with today's events.
You are a true gift to the internet. Thank you for your insightful posts.
I love your blog. You are the only objective, realistic blogger I know when talking about China. I should include all mainstream too. You do understand this country, well done.
Btw, you know China's GDP growth for 2007 was early (Jan 2008) announced to be 11.4%. It was revised upwards for 3 times till they released the final growth in Jan 2009: 13%.
Every year, China revises its GDP growth for 3 times, ALWAYS upwards. Do you expect the final figure for 2008, to be released in Jan 2010, to be above 10%?
I stumbled across this blog I can't remember how. The content quality and lucid analysis immediately jumped out. This guy really gets the big picture.
Eric, thank you. I have already done very well applying what I've learned from your site. Isn't your resume interesting. A very smart person can gain huge insight about the real world doing entry level work in so many different businesses.
Thank you, Eric, for your brilliant posts!
I'm reading your blog since last December and I got a lot of new info, especially about China.
I'm pretty sure that eventually all your predictions will come true... (sadly for many)...
Couple of my friends are your fans now too :-))) I tipped them about your works...
So "spasibo" from cold Russia!
:-)))
The amount of knowledge and wisdom that you have at your age is astounding. Thank you for sharing it with the rest of us.
Great great insight Eric.
Thanks for your existence.
Great Resume Eric
Your life skills must help your predictions - not
I read your January report on global warming and the effects on food production which showed a map with the extreme droughts this year. Firstly who provided the data and secondly I believe that if you researched further you will find that the previous major droughts of 50 and 100 years ago only lasted a year or two and were as severe as the recent report. I suggest that you provide comparisons for a couple of historic major drought periods and the two or three year periods folowing the first year of drought and you will find that unless we have sustained drought for a four or five year period we are not experiencing global warming but purely nature.
Eric i thought of you with your fresh insight when I read this article:
Dangers of Clinging to Solutions of the Past
http://www.marketwatch.com/news/story/story.aspx?guid=%7B07B376D2%2D997E%2D4CBE%2DB493%2D3D6E104DFFA3%7D&siteid=rss
Important to look at things differently these days. Thank you. Keep it up.
"Well, according to historic drought levels in South America is it safe to say that viticulture of Argentina and Chilean regions will be producing some great wines in the years to come?"
I opened a malbec this evening and thought the same thing; I digress..
I find this blog to balance out the economic/financial data and news I receive from various sources. The material is fresh, original, informative and quite helpful in deciphering macroeconomic trends involving (mostly, but not exclusively) the US and China. Thanks Eric
Congratulations, Eric -- you're now on the radar. So here come the attackers.
Your blog is catching on like wildfire because you are carefully explaining the rampant disfunction of the gloabal finacial system. In plain words, in easy-to see graphs, in utter realistic, unflinching contempt.
You are the reason the internet was invented -- to get out info.
Thank you so much.
Great blog, however, something just doesn't seem quite right.
Your resume seems completely out of place for what you're writing and the thing with your email predictions?? Come on, thats bull.
My guess is that you are a copy and paste merchant!
But wherever it is you're copying from, i like it, so keep up the good work!
To those who question Eric's credentials -- did you notice that the blog is called "Market Skeptics"? In my experience those who are "boosters" and who stoke the egos of those in power get the plum jobs while those who are skeptical and recognize that the "emperors have no clothes" do not. Pay attention to Eric's ideas and analysis, not whether he got picked by the establishment powers to carry their water!
Hey Eric, I came across your website for the first time today via a link referenced in FreeRepublic.com. Your site provides a lot of info I will be checking frequently in the future. I appreciate you saying what you think people need to hear and not just what they want to hear. Post the facts good or bad and your site will do well.
Eric: I too recently found your blog and having read several of your pieces. I have recommended it today to the members of www.pumacpac.org
Think and write on....and Thank you.
Eric, thank you for the time and effort that you put into the blog. I've checked it daily for several months now. Your analysis is very interesting. Please keep up the good work.
Eric:
I just stumbled across this website, I can't remember from where it was linked, but I wanted to leave a note of thanks to you and your website.
I really appreciate all the information you have written, and most importantly, you let your readers know the signanficance of it, unfiltered, and unbiased.
I can no longer watch CNBC or any other MSM for that matter, they spin everything, I mean I knwe they used spin things before, but I have never in my lifetime seen the agressiveness and blatantness towards a certain political party before, and so any financial news is tainted with that spin.
Keep up the good work.. I am sending your link to all my friends, they too will appreciate your work on this website.
Thank you!
very good blog, just have to say keep up the good work. its not often i feel compelled to compliment.
Hey young man - first time I saw your picture and read your resume today. You have a rare gift for seeing the big picture ... and expressing your view unabashedly. Keep it up!
Eric, interesting and well presented website.
For all of you who think his resume doesn't match his postings - accounting education usually includes courses on economic (micro and macro), finance, statistics, treasury, not to mention understanding of financial information.
Considering he also worked in an accounting firm, he should also be able to analyze a FS and understand how so much can be manipulated and how scary things like mark to market can be.
Eric, thanks for your hard work and for showing accounting education provides much more than simple bookkeeping.
Great information. Congratulations.
I'd like to see an update on your February posting regarding the global food crisis this year. When I searched for follow up information on the net I found the USDA May stats on estimated world crop production, by crop, painted a far rosier picture than your February article. Have you continued to investigate this issue? I am sure many would be interested in your honest reappraisal and analysis.
Eric,
You shouldn't leave yourself wide open like that, posting your resume along with your name and personal info. It's dangerous. I love your blog, but for the love of god, protect your privacy.
Great! this is based on fact, at last.
someone to keep an eye on. Do you have any idea about what the short term and long term out look is going to be?
Many look but do not see.
You see and put 2 and 2 together.
I hope your move to Russia works out well. I believe it will.
Whats your IQ?
Your blog is good, but some articles and themes developed are pretty irréalises..and when reading them we have the impression that they have no objectif and can't help anyone to have a real view about life, economy or business.
Why there are articles about dollar, gold and silver and not agriculture or other field
found your post on gold somewhere in one of a hundred free daily posts and i can't remember which one. however , i am aware of the events and circumstances and rumors you put so nicely. i thought it was concise, informative and free. i posted a link to stockhouse and i hope it gets you more exposure.
Eric:
Your research oriented comments I feel are right on the mark. We are in the midst of drought and near economic collapse. You are one of the few people strong enough to admit a real assessment of the situation we face. I realize the only reason the dollar has not collapsed is due expressly to our military might and the fear it generates to other nations.
We no longer manufacture anything except lies from the government about the U.S. economy!
I believe we are suffering from a major world drought and are not being told by authorities of the magnitude of the repercussions.
I realize you are not held in high esteem because you call it as you see it.
Keep up the good work of keeping people up to date on the world's current situation.
Thank you
Joseph c. Barronhenry
Thank you, Mr. deCarbonnel on your continuous coverage on political, economical, and occuassional other issues (like health-H1N1).
The major news stations will never broacast the truth of what is occuring, especially with future food shortages and major negative changes in the economy, up to the point of deflation, inflation, or stagflation can occur.
If more people are aware of what is going on, there will be great changes to this nation. Check out a video I made, along with a group of people are trying to provide a solution to our energy needs, especially when these hacked emails and Copenhagen Climate Summit came about:
http://www.youtube.com/watch?v=q4E7v4P54JI
Enjoy your Holiday.
Just caught your site through a posting on Zero Hedge.
Great work; keep it up. Maybe soon people will get the picture and act accordingly.
Don't let these anonymous nuts get you down--you frighten them, and rightly so.
Dr. Greg Johnson, Topeka, Ks
Have you consider doing a Radio spot or mp3 audio, about your info?? If not interested, call us. 575-628-8537
Do you do Radio Show? If so, where? If not, maybe you should consider a short report weekly on mp3 for download for Radio stations. Just a suggestion..Contact me at 575-628-8537 for mp3 if interested.
The Market Skeptic from Conn. is concerned about a potential food shortage in the making. The Skeptic has noted USDA reports do not match with areas throughout the U.S. which have been declared either Sec. Of Agriculture or Presidential disaster areas. The inconsistancy you have noted is, in fact, mostly polictics as usual. The farmers want their money no matter what and so the Fed. gov't goes along with the disaster statement. Corn production will be down from 2008 levels by about 5% BY MY ESTIMATIONS even though the USDA says 2009 will be a year for the record books. The reason the USDA is 'extending the truth' is twofold. First, corn is used to make ethanal and thus corn production influences oil prices. Uncle Sam is trying to keep a lid on oil prices. Second, Uncle Sam wants the farmers to get off their butts this winter and try to salvage some of the corn that is still in the fields. Most farmers agree doing as such is a waste of time, but Monsanto assures the USDA the corn harvested even in January will still have some nutritional value for hogs, chickens, cattle, etc. Such feedstock might not be 'tasty' to humans but trust me when I say the hogs don't care. Finally, I would suggest the Market Skeptic travel to Missouri, Illinois, and Iowa ... talk to farmers first hand. They will tell you it's not been a great year ... but not a complete disaster as you are implying. One more thing ... the Market Skeptic has noted that large regions of planet Earth are experiencing 'dry spells and drought.' YOU ARE CORRECT. These dry spells are predicted by global warming and climatologist are watching very closely ... as the planet gets 'hotter' even by a couple of degrees ... rainfall decreases and most interiors of all continents become more 'desert like.' That's why President Obamha is trying to get a 'climate bill' through Congress. Your support would be appreciated. Signed Ryan Austin Clarke
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