Investing and Trading News, with a Contrarian, Sarcastic Twist!
The Economist’s quarterly home price index was just published, concluding that while home prices have come down globally from their 2007 peak, they are still overvalued on the whole. Indeed, only in Hong Kong, Singapore and Switzerland is the property market more overvalued than it was before the global economic downturn began in the third […]
Not too many places, as you can see at a glance: Today, as usual, most markets were highly correlated. (Source: Barchart.com) But a big tip of the cap to gold and silver, which each put in strong days – gold set a new all-time intraday high near open, while silver closed at a 31-year high. […]
Here’s a very well articulated bullish case for gold and silver courtesy of precious metal guru Eric Sprott. Of course Sprott has a horse in the race, with his asset management firm holding very large positions in the precious metals, but I highly recommend you take the 8 minutes to watch this clip. And at […]
DailyWealth’s Dr. David Efrig likes to keep an eye on the M1 multiplier (as do I) as an indicator of whether or not inflation is in control: The M1 money multiplier monitors the amount of money individuals and businesses have to spend on consumption or investment… relative to the money available for banks to lend. […]
Ask anyone who remembers the 1970’s – there’s no inflation like wage inflation, which has a nasty habit of perpetuating across the economy at large. With Chinese leaders about to convene for some chalk talk around their next five year plan – and raising wages near the top of their agenda – what does this […]
In Bill Gross’ latest commentary, he wonders aloud who will buy Treasuries when the Fed stops QE2 at the end of June. What an unbiased observer must admit is that most of the publically issued $9 trillion of Treasury notes and bonds are now in the hands of foreign sovereigns and the Fed (60%) while […]
Marc Faber gave a stellar 30+ minute interview for The McAlvany Weekly Commentary. You can read the transcript here, and listen to it here. Of the many interesting (and unique) points Faber made, one that stuck out was his claim that 80% of the US budget is basically untouchable: David: What measures might the Fed […]
Jim Chanos’ short of ExxonMobil is indicative of the bullish fundamentals that lie ahead for natural gas, according to Frank Curzio…because Exxon needs to replace its reserves somehow: And just last month, he (Chanos) discussed his bearish stance on ExxonMobil: “ExxonMobil will not be able to replace its reserves.” You see, ExxonMobil isn’t the only one having […]
Wow – Dave Rosenberg writes today: Remember, there has been an 86% correlation between the movements in the Fed balance sheet and in the S&P 500 since the onset of QE two-years ago. Source: Breakfast With Dave Indeed, it took Bernanke one practice swing, but he got pretty good at this QE thing pretty fast…in […]
Sentiment on the dollar is in the tank – and we’ve got a pretty decent crisis on our hands in the Middle East. So you’d think with all the bad news already priced into the buck that this turmoil would be enough to send the dollar sprinting higher. Good guess…but thus far, an incorrect one! […]
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