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It’s Christmas in July! Maybe not quite, but I do derive similar (twisted?) satisfaction whenever an email from our local real estate agent pops into my Inbox! Yes, you may remember our friend from past gems like the dumbest explanation of inflation – ever. Well she’s back…and making less sense than ever before. Without further […]
Uh oh, looks like a nasty wave of deflation may be coming back to the markets in a big way! Last time we saw this movie, just about everything except for the US dollar was completely ravaged. I sold my two remaining futures positions this morning, and now have moved most of my assets into […]
Who would have predicted the day when California would be paying it’s bills with IOU’s, while Brazil is stockpiling it’s reserves? If you did, congratulations…and get ready to cash in that longshot ticket! Sean Hyman reports that Brazil’s debt rating is now inching higher than California’s plummeting credit rating. In fact for some great insights […]
Nice video on CNBC featuring economist David Rosenberg…I really enjoyed his insights here, and would highly recommend a watch of this piece. Rosenberg believes this recent rally has priced in good news up until 2011 or 2012…and thinks 650 is a generous fair value for the S&P based on current fundamentals. He also thinks the […]
Having trouble keeping track of the government’s runaway spending. You’re not alone! Check out White House Press Secretary Robert Gibbs, as he talks about the budget deficit in “billions” mistakenly…and is later corrected that he should have said “trillion.” Hat tip to The Casey Report for their link to this amusing gaffe.
The Wall Street Journal reports that the Commodity Futures Trading Commission is considering introducing position limits for “all commodities of finite supply.” Uhhh…wouldn’t that just be all commodities? Anyway, let’s get a quote from CFTC Chairman Gary Gensler: “My firm belief is that we must aggressively use all existing authorities to ensure market integrity.” Sounds […]
Our friend Tom Dyson over at DailyWealth says that something may be happening in the world of lumber, according to one of his industry sources…Tom writes: I have an “on the ground” contact who’s seeing something else altogether… Don runs a large lumber supply depot outside Orlando. Last week, he sent me a “special commodity […]
It might be time for us to grab a pint…and short one of our favorite whipping boys once again. The British Pound – the only currency that may actually be sicker than the US dollar (two turds circling the bowl really) – looks like it’s recent rally may be running out of steam. Grab a […]
If there’s one thing to say about the crude oil market, it certainly trends well…both ways. Check out this chart: Crude oil takes a turn lower. (Source: Barchart.com) We’ve been hearing energy gurus for weeks scratching their heads, saying there’s plenty of crude to meet demand today. But prices kept on climbing. Well, now prices […]
Welcome back from the long weekend – I hope you had a great 4th celebration. Even us folks who are not so keen on the Federal Government can appreciate many of the founding values of our country…despite how frustrated it is when Constitution seems to be a forgotten document…in a world where “whatever it takes” […]
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