James Dale Davidson | |
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Born | Washington, D.C., United States | April 16, 1946
Education | University of Oxford |
Notable work | The Great Reckoning Sovereign Individual |
James Dale Davidson is an American private investor and investment writer, co-writer of the newsletter Strategic Investment, [1] and co-author with William Rees-Mogg of Blood in the Streets: Investment Profits in a World Gone Mad (1987), [2] The Great Reckoning (1991), [1] [3] [4] and The Sovereign Individual (1997). He wrote The Plague of the Black Debt - How to Survive the Coming Depression in 1993 in which he predicted that as part of a "deep depression...Clinton is going to be a one-term president...I am as sure of this as I am that the sun will rise tomorrow" and that the US national debt would increase by a trillion dollars during Clinton's "one-term" presidency. He further wrote in the book that Boris Yeltsin, President of the Russian Federation, would lose his job and that Russia will come under the control of a nationalist, militarist regime. He has been credited with predicting the U.S. subprime mortgage crisis, though much earlier than it actually occurred.
Davidson was the founder and former head of the National Taxpayers Union. [5] On his website, Davidson claims to be a "famous economist", [6] despite the fact that he has not received any university degree in economics or published in any peer-reviewed journal.
In his books and his monthly newsletter, Strategic Investment, Davidson has promoted conspiracy theories claimed to link the Clinton administration to the death of Deputy White House Counsel Vince Foster. [7] Foster's death was deemed a suicide by five official or governmental investigations.
Davidson is an original investor and board member of the far-right news site Newsmax Media. In February 2010 he posted a video on the website AftershockProfits.com claiming that "supposed improvements" in the US economy during the Clinton administration were "faked by the government" and a "hoax." [8]
The Whitewater controversy, Whitewater scandal, Whitewatergate, or simply Whitewater, was an American political controversy during the 1990s. It began with an investigation into the real estate investments of Bill and Hillary Clinton and their associates, Jim McDougal and Susan McDougal, in the Whitewater Development Corporation. This failed business venture was incorporated in 1979 with the purpose of developing vacation properties on land along the White River near Flippin, Arkansas.
The causes of the Great Depression in the early 20th century in the United States have been extensively discussed by economists and remain a matter of active debate. They are part of the larger debate about economic crises and recessions. The specific economic events that took place during the Great Depression are well established.
William Rees-Mogg, Baron Rees-Mogg was a British newspaper journalist who was Editor of The Times from 1967 to 1981. In the late 1970s, he served as High Sheriff of Somerset, and in the 1980s was Chairman of the Arts Council of Great Britain and Vice-Chairman of the BBC's Board of Governors. He was the father of the politicians Jacob and Annunziata Rees-Mogg.
"Vast right-wing conspiracy" is a phrase popularized by a 1995 memo by political opposition researcher Chris Lehane and then referenced in 1998 by the then First Lady of the United States Hillary Rodham Clinton, in defense of her husband, President Bill Clinton, characterizing the continued allegations of scandal against her and her husband, including the Lewinsky scandal, as part of a conspiracy by Clinton's political enemies. The term has been used since, including in a question posed to Bill Clinton in 2009 to describe verbal attacks on Barack Obama during his early presidency. Hillary Clinton mentioned it again during her 2016 presidential campaign.
Newsmax is an American right-wing to far-right cable news and digital media company founded by Christopher Ruddy on September 16, 1998. Newsmax Media divisions include its cable and broadcast channel Newsmax TV; its popular website Newsmax.com, which includes Newsmax Health and Newsmax Finance; and Newsmax magazine, its monthly print publication.
The Arkansas Project was a series of investigative press reports, funded primarily by conservative businessman Richard Mellon Scaife, that focused on criticism of then-President Bill Clinton and his administration. Scaife spent nearly $2 million on the project.
Bill Bonner is an American author of books and articles on economic and financial subjects. He is the founder of Agora Financial, as well as a co-founder of Bonner & Partners publishing. Bonner has written articles for the news and opinion blog LewRockwell.com, MoneyWeek magazine, and his daily financial column Bill Bonner's Diary.
The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics about how business cycles occur. The theory views business cycles as the consequence of excessive growth in bank credit due to artificially low interest rates set by a central bank or fractional reserve banks. The Austrian business cycle theory originated in the work of Austrian School economists Ludwig von Mises and Friedrich Hayek. Hayek won the Nobel Prize in Economics in 1974 in part for his work on this theory.
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy.
The real economy concerns the production, purchase and flow of goods and services within an economy. It is contrasted with the financial economy, which concerns the aspects of the economy that deal purely in transactions of money and other financial assets, which represent ownership or claims to ownership of real sector goods and services.
The Western Journalism Center was founded in 1991 by Joseph Farah and James H. Smith. Based in Sacramento, California. The center produces a conservative newsletter.
Christopher Ruddy is an American journalist who is the CEO and majority owner of Newsmax Media.
Hyman Philip Minsky was an American economist, a professor of economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College. His research attempted to provide an understanding and explanation of the characteristics of financial crises, which he attributed to swings in a potentially fragile financial system. Minsky is sometimes described as a post-Keynesian economist because, in the Keynesian tradition, he supported some government intervention in financial markets, opposed some of the financial deregulation of the 1980s, stressed the importance of the Federal Reserve as a lender of last resort and argued against the over-accumulation of private debt in the financial markets.
Patrick Michael Byrne is an American businessman. In 1999, Byrne launched Overstock.com after leading two smaller companies. Byrne led Overstock as chief executive officer for two decades, from 1999 to 2019. In 2002, Byrne took Overstock public. Early in his tenure he attracted public attention for a long-running legal battle against short sellers and "naked short selling." He eventually resigned as CEO in August 2019, following revelations that he had been in an intimate relationship with Russian spy, and future politician with Vladimir Putin's United Russia party, Maria Butina.
Deputy White House counsel Vince Foster was found dead in Fort Marcy Park off the George Washington Parkway in Virginia, outside Washington, D.C., on July 20, 1993. His death was ruled a suicide by five official investigations.
Ambrose Evans-Pritchard is the international business editor of the Daily Telegraph.
The Subprime mortgage crisis solutions debate discusses various actions and proposals by economists, government officials, journalists, and business leaders to address the subprime mortgage crisis and broader financial crisis of 2007–08.
Many factors directly and indirectly serve as the causes of the Great Recession that started in 2008 with the US subprime mortgage crisis. The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
Agora Financial is a privately held publishing company, based in Baltimore, Maryland, that produces print and email publications, books, and conferences directed toward providing financial advice, commentary, and marketing predictions.
Mark J. Hulbert is an American finance analyst, journalist, and author with a focus on expectations of stock market investment newsletters, contrarian investing, and quantitive or technical analysis.