Investing and Trading News, with a Contrarian, Sarcastic Twist!
Many readers are familiar with Stratfor’s George Friedman, who is excellent at peering into the geopolitical considerations of nation-states. With the world approaching a full blown multi-dimensional crisis, Friedman takes a look at the political drivers and concerns of the three major players – the US, Europe, and China. The current economic crisis is best understood […]
Debt deflation icon Steve Keen is circling the wagons – he’s got a new blog post, and as usual, it’s well worth a read. Keen, a true thinking man’s economist, sees continued deleveraging that will in turn continue to drive down asset prices – likely to much lower levels. His core thesis is that asset […]
Last week, Marc Faber commented that he could already smell QE3. Could we see a little “shock and awe” from Crazy Ben as soon as tomorrow? Bloomberg reports: Federal Reserve officials tomorrow may move to bolster investor confidence after an unprecedented downgrade to America’s credit rating and concern the U.S. may be headed for a […]
My good friend and ContraryInvesting.com favorite Jonathan Lederer published his analysis of the US debt downgrade fiasco for his clients, and was kind enough to let me republish for you here. I agree his points, especially #’s 1 and 5…the chart of Japanese rates continuing to pancake after their downgrade is quite an ode to […]
In these moments of insanity, Bloomberg and CNBC seem to gravitate towards the voices of reason we love all the more – such as Marc Faber, and Jim Rogers. Here’s Jim on Bloomberg last night. He views the current selling as panic selling, and thinks that we may be close to a selling climax – […]
One more feather in the cap of the Norwegian krone – Norway’s sovereign debt is viewed as lower risk than Switzerland! The benchmark five-year credit default swap for Norway hovers around 31 basis points, making it the country with the lowest cost to insure against default, according to Markit, undercutting Switzerland’s 36 basis points. Source […]
by Carl Swenlin, President and Founder, DecisionPoint.com READER COMMENT: I have written to you before regarding your comments on volume (“where is the volume?”) which imply that volume “confirms” a move. To me, like many others, volume no longer means anything, or at least not what it used to mean. See the recent speech by Andrew […]
By Frank Trotter, President, EverBank Direct Friends who know that I speak frequently about global economics have been calling to see what I think about the smackdown arguments over spending in Washington. I have surprised them all by saying that it’s really an empty record. Well, I suppose there is some kind of odd entertainment […]
Some pundits are screaming that now is the time to buy the market – now that we’ve got “blood in the streets.” But regular contributor Sy Harding – who anticipated this decline – believes we’ve got further to go on the downside… —- Being Street Smart Sy Harding It’s Too Early to Buy August 5, […]
On Thursday night (here in the US), while Asia was melting down once again, Bloomberg Asia got Marc Faber on the horn – at God knows what time for him in Zurich – to give his take on the current market meltdown. Faber thought the markets were “extremely oversold”, expecting a potential snapback rally that […]
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