Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
If you’ve studied Jim Rogers and are sold on the secular commodity bull market story, your next challenge is figuring out how you can invest in this trend. Buying commodities themselves is quite a bit more complex than buying individual stocks because you need to do it via the futures markets, rather than your standard […]
Even before the Occupy Wall Street movement began, there were straws in the wind that “higher education” was starting to be sniffed out as a bit of a fraud…at least in the New Normal, where an undergrad or graduate degree does not guarantee anything, save for perhaps steep student loan debt. I agree with the […]
Our friends are putting together a great video series they’re dubbing “The Farewell Euro Tour.” Here’s the link to Part 1, which we posted last week…and the series continues below, with Eric Fry on the ground in Switzerland. Great job once again by Eric Fry and our other friends at The Daily Reckoning.
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