Investing and Trading News, with a Contrarian, Sarcastic Twist!
These are the types of days that must make Bernanke yearn for QE3. It’s all red on the screen, except for a few notable exceptions – namely gold, and the dollar. The dollar has turned around nicely since its late April lows, and has quietly traced out a set of “higher lows”. The buck (decline) […]
No jobs is not necessarily a bad thing in and of itself (Eat People, anyone?)…unfortunately I don’t think the latest jobs report was driven by any massive productivity enhancing automation of the human workforce! —- Being Street Smart Sy Harding Jobs Report Rains on Soft Spot Hopes July 8, 2011 The Labor Department’s employment report […]
Long-Term View By Carl Swenlin (This is an excerpt from July 8, 2011 issue of the blog for Decision Point subscribers – click here to subscribe.) Dealing with daily blogs tends to narrow our focus to the short-term and to the activity on the daily bar chart. Even if a person trades in the short-term, […]
Sovereign Man’s Tim Staermose shares a staggering stat about China’s local government debt: It’s interesting to note that China’s National Audit Office (NAO) recently published a report which says the country’s outstanding local government debt is now equivalent to $1.7 TRILLION. That’s a huge figure — about 27% of China’s GDP in 2010. Because the […]
Our daily Italy Debt Watch continues! Yields are once again hot, up another 5bps at I type (11:30am Pacific time). Italy 10-year yields are blowing up! (Source: Bloomberg) The most popular story on Bloomberg today features hedge funds piling into bets on the European debt crisis getting worse: Hedge funds that trade bonds and loans […]
Here’s a short but fun Marc Faber interview with Bloomberg Asia. Worth a watch, as is usually the case with Faber. A few takeaways on his outlook: Believes the S&P has made its 2011 high because the Fed “is done with money printing” for now Thinks gold and silver are vulnerable over the next three […]
Many believe that inflation in China is running much higher than the reported 5% (some think it’s easily double-digits). When looking for news and numbers on China, I like to look to Hong Kong, which has a better reputation for being, shall we say, open and honest about things. HK’s South China Morning Post reports […]
Contrary Investing favorite Felix Zulauf was the guest on the latest edition of the McAlvany Weekly Commentary. You can catch the interview here. Zulauf, as usual, has a very insightful (albeit somber) outlook – though nothing too extreme for readers of this blog to handle. His current working hypothesis for the next 4-6 years is […]
Yields on Italy 10-year bonds are rocking and rolling once again today, up 12 bps as I type, over a 20 bps in the last two days! Source: Bloomberg Regardless of the rhetoric out of Brussels, the final arbiter of the sovereigns’ likeliness to make good on their obligations is the bond market. And right […]
Energy guru James Dines thinks that uranium is a screaming buy right now – the buy of a lifetime, in fact. Here’s his analysis, which he shared with Financial Sense’s Jim Puplava. I think it’s one of the great profit opportunities available right now and I’ll explain why. The announcement that Germany’s going to close […]
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