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Turning Hard Times into Good Times with Rick Rule & John Rubino Rick Rule and John Rubino are this week's radio program guests. Astounding negative numbers point to prospects of a "greater depression." Initial jobless claims of 3.029 million last week were totally eclipsed by a sickening 6.648 million this week! If that's not gloomy enough, Goldman Sachs predicts a negative GDP of 9% for Q1 and an obliterating minus 34% for Q2. For really successful investors, times like these are seen as times of opportunities. When blood is running in the streets, common traits among those who turn hard times into good times are a reality-based optimism that times will get better even as all those around them are blinded by despair. We can think of few guests on this show who better display those characteristics than Rick Rule and John Rubino. Your editor will provide some of his own thoughts about the current environment including some company specific views and strategies to address the sudden hit taken by junior exploration companies' investors.
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Rick Rule has devoted over 35 years to natural resource investing. His involvement in the sector is as broad as it is long; his background includes mineral exploration, oil & gas exploration and production, water, agriculture, and hydro-electric and geothermal energy. Mr. Rule is a sought-after speaker at industry conferences, and a frequent contributor to numerous media outlets including CNBC, Fox Business News, and BNN. He founded Global Resource Investments in 1993 and is now a Director of Sprott, Inc., a Toronto-based investment manager with over $14 billion in assets under management, and CEO and President of Sprott US Holdings, Inc., where he leads a team of skilled earth science and finance professionals who enjoy a worldwide reputation for resource investing. Sprott Inc. John Rubino runs the popular financial website DollarCollapse.com. He is co-author, with GoldMoney's James Turk, of The Money Bubble: What To Do Before It Pops, and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), The Collapse of the Dollar (also with James Turk), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street(Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.
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