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So is the money supply increasing, or not? Ambrose Evans-Pritchard of the Telegraph writes that US credit is shrinking big time – at it’s fastest rate since…drumroll…the 1930’s. Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14% in the three months to August (from […]
Solid interview by Marc Faber on GoldSeek Radio last week. My notes are below, and you can listen to the interview yourself at the 1 hour mark via this link: http://radio.goldseek.com/ Overall, Faber thinks we’ve reached the bottom of the economic valley, but doesn’t expect a robust economy anytime soon Bernanke’s record as a forecaster […]
Mark Twain famously said “History doesn’t repeat itself, but it does rhyme.” Several weeks ago I observed that we appeared to be exactly on the pace with 1930. From the stock markets furious rally, to the Fed generating inflation fears, to the self-congratulatory economic comments of leaders proclaiming “the worst is over”…it all seemed to […]
Last month, we posted this You Tube medley of Ben Bernanke’s “Greatest Hits” from the last 2+ years. The video’s title “Bernanke: Why are we still listening to this guy?” probably says it all. Well get ready, because Ben’s hopping up on his soap box yet again. Check out this Wall Street Journal headline from […]
On Tuesday evening, we had our monthly meeting of local Casey Research subscribers. Really sharp investment minds in the group – it’s a real pleasure and treat to chat about a wide variety of finance and investing related issues. The general consensus of the group (fairly contrarian in nature) is that gold and cash are […]
Mining powerhouse Barrick Gold announced yesterday that it’s going to spend over $3 billion buying up it’s gold hedges. In other words – they’re going to be buying up a whole lot of gold. While on the surface this appears to be yet another bullish sign for gold, Elliott Wave’s Steven Hochberg had a great […]
Stated as eloquently as only The Onion can: WASHINGTON—Despite ongoing economic woes and a jobless rate that has been approaching 10 percent, U.S. unemployment projections drastically improved Monday after the consumption of five beers. “It’s going up,” leading economist David Singleton said confidently, indicating the predicted growth in jobs with an upward wave of a […]
Go ahead – take a wild guess what Facebook’s most popular app of all-time is. Did you guess – FarmVille? As reported by the blog Econsultancy: As the name suggests, FarmVille is a game that gives users the ability to “grow delicious fruits and vegetables and raise adorable animals” on their own virtual farms. With […]
Last Sunday I wrote that I thought it was time to go long the US dollar. Investor sentiment is near record low levels, which usually means the price has nowhere to go but up, at least in the short term. When making a contrarian pick like this, you usually prefer to see articles that take […]
Here’s a guest piece by Bud Conrad and David Galland from the Casey team, with an opportunity to check out their free report on the current state of the economy. As always, these two do a bang up job of looking under the hood of rosy government figures and media reports to get the real […]
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