Investing and Trading News, with a Contrarian, Sarcastic Twist!
The McAlvany Weekly Commentary is quickly becoming my other favorite financial podcast/show (alongside Jim Puplava’s Financial Sense Newshour, of course). Most shows feature an in-depth interview with a money manager and/or financial expert – and most of these guests are excellent. Bert Dohmen, author of The Wellington Letter, was absolutely outstanding a couple of weeks […]
The poor greenback – it’s the most hated asset on the planet right now. And why not? We know that the Fed wants a weaker currency, and appears determined to continue to devalue the buck (in an orderly fashion, of course). But markets never trade in straight lines, and the “short dollar, long everything else” […]
30 Million Barrels – A Drop In The Bucket by Carl Swenlin Last week the administration released 30 million barrels of crude from the nation’s strategic reserve. This represents about a day-and-a-half of our current usage, so it is really just a drop in the bucket and not likely to have a significant effect on […]
The folks at Hard Assets Investor, who I sometimes write guest pieces for, got a hold of famed trader Dennis Gartman. The interview is well worth a read, and you can access it here. Gartman is quite bearish on the euro, and expects that gold will soon surpass it as the #2 reserve currency in […]
Marc Faber weighed in with his latest thoughts and forecast for the second half of 2011 for Barron’s Mid-Year Roundtable. As usual, it’s a great bit from Faber…though I did feel slightly cheated we didn’t get to hear his hard-edged accent and slight disgust for modern Western society myself… Barron’s: How does the world look […]
One of our favorites, legendary investor Felix Zulauf, shares his 2nd half 2011 outlook with Barron’s for their Mid-Year Investment Roundtable. Zulauf is extremely cautious as we head into the latter part of 2011 – he has several short recommendations, but only reluctantly gave some long ideas “if you have to be in the market”: […]
Is your portfolio lagging the market? Why not just track the Pelosi Portfolio! House Minority Leader Nancy Pelosi (D-Calif.) saw her net worth rise 62 percent last year, cementing her status as one of the wealthiest members of Congress. Pelosi saw her wealth rise due to some stock gains and real estate investments made by […]
When QE2 launched, we cited a WSJ op-ed by our friend and frequent guest Andy Kessler, where he made the case that Bernanke’s real motivation for QE2 was to prop up the woeful housing market: I have a different explanation for the Fed’s latest easing program: Without another $600 billion floating through the economy, Mr. […]
Earlier today, we wrote about the near-breakout in European bond spreads, and highlighted the euro’s potential breakdown versus the buck. Our pal Brian Hunt, though, has astutely pointed out in his always-excellent Market Notes column that the euro has not been holding steady – it’s been falling apart! You see, one of the big myths […]
Our good friend and European bond expert/correspondent Dr. Evil sent in a note this morning about the big moves in Spain’s and Italy’s 10-year paper – which we’ve previously highlighted as the real elephants in the room (see: European Sovereign Debt Spread Breakouts Near). Dr. Evil writes that Spain 10-year yields are up BIG – […]
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