Investing and Trading News, with a Contrarian, Sarcastic Twist!
Our friend Glenn Cohen of Cohen Investment Strategies hosted a private webinar this week for accredited investors, where he and special guest Rick Campagna of 300 North Capital each shared their 2012 economic and financial market outlooks. Glenn was very kind to extend an invite my way, and especially kind to allow me to take […]
Some very foreboding straws in the wind… (Big hat tip to our regular reader and correspondent Dr. Evil, who greatly assisted with this piece!) 1. The spread on 10-year French debt over German bunds reached 2%, the highest since the formation of the euro. Lately we’ve seen the market increasingly question France’s ability to serve […]
by Josh Saunders, Great Pacific Trading Company Oil continues to mirror the run up in the stock market. The financial cheerleaders continue to talk the markets higher all the while failing to mention that oil has snuck back to nearly $100 a barrel. To make matters worse, Brent Crude is trading at $112 a barrel. As […]
Tax revenues may be the most reliable of all government economic statistics, as few people volunteer to pay more taxes than they owe (I’m looking in your direction, Mr. Buffett). I remember reading a couple of years back in Dennis Gartman’s letter that he believed the years 2004-07 were actually stronger than thought economically because […]
The bumper US corn crop of 2011 has turned into a disappointment, leaving global corn stockpiles at a three-year low. Courtesy of Bloomberg via The Daily Crux: The U.S. is reaping its smallest corn harvest in three years after a drought damaged what was a record crop as recently as July, driving annual prices to […]
Yesterday I had the great honor and opportunity to sit courtside for a live one-hour presentation from our favorite contrarian, irreverent hedge fund manager – Hugh Hendry himself. What a thrill! Hendry, as you may know, is partner and Chief Investment Officer at Eclectica Asset Management. While his claims to fame are numerous, his two […]
Great job by our pal Jonathan Lederer, who hit the nail on the head in his most recent market commentary. He actually published this piece Friday morning, as the markets were going ballistic – too bad I didn’t get the piece published until this morning! Oh well, as long as you’re not short-term trading (and […]
Here’s an out-of-this-world experience with Hugh Hendry – a full hour with noted financial author Steven Drobny (who’s books are excellent, by the way). You just have to absolutely love someone who says they would short themselves. Hendry’s a believer in debt deflation, and thinks the yen and dollar could appreciate greatly, because most debt […]
Here’s Marc Faber on CNBC last week, commenting on the European/world sovereign debt crisis: He believes the ECB will eventually follow the Fed in printing money Thinks the end crisis will be postponed until the sovereigns go bankrupt Says “each money printing exercise brings about unintended consequences” Hilariously he refers to himself as “a great […]
by Josh Saunders, Great Pacific Trading Company Welcome to a market driven by huge amounts of liquidity and an ever changing regulatory landscape. While the talking heads of the financial pornography stations cheer the latest rise in the markets they fail to see much of the bigger consequences of the liquidity fueled rally. Below is […]
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