Investing and Trading News, with a Contrarian, Sarcastic Twist!
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge “limit up” for the second day in the row. Was our case for cotton perfectly timed for once? (See: Cotton’s Blue Light Special) Cotton’s sharp reversal sent shorts running for cover. (via Barchart.com) While there have been additional acreage reductions announced in the […]
Legendary hedge fund manager Ray Dalio was recently interviewed by Barron’s – he shared his take on the US deleveraging process and Europe. In what might be a surprising reaction to those from the Austrian school of economics, Dalio said the US has done a “beautiful” job deleveraging. He defines beautiful deleveraging as one that […]
Here’s a three-fer from Greg Weldon, who’s on a roll these days sharing his negative outlook on Europe, Japan, and the rest of the developed world. First, here’s Weldon with Jim Puplava on the Financial Sense Newshour, where he says Europe has turned into a “forest fire” and Japan is the next major problem area. […]
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, would all our problems be fixed? No, contends monetary expert (and parter of the late great Harry Browne) Terry Coxon – but the reality of the current monetary situation would […]
By Chuck Butler, EverBank The risk assets’ rally that was going on yesterday morning continued throughout the day, and overnight and European sessions. This morning, the currencies have received a boost from a couple of fairly good bond auctions in France and Spain. In Spain, the demand outstripped the supply, but the yields rose to above […]
Here’s one of the best bearish presentations you’ll see on China, by Michael Pettis at the annual CFA conference. Pettis compares China’s “miracle growth” story to that of Germany in the 1930s, the Soviet Union in the 1960s, and Japan in the 1980s – not the best company! Here’s the summary of Pettis’ compelling case, […]
For readers in the Sacramento area and Northern California – my friend and past guest author Jonathan Lederer of Lederer PWM is hosting hedge fund manager Rick Campagna of 300 North Capital here in town for a presentation on his fund’s risk on / risk off investing strategy (one that’s impressively yielded 44% returns since […]
Here’s some bonus Andy Kessler commentary, courtesy of a Moscow newspaper (the translation is actually alright). Regular readers probably remember our interviews with Kessler about the ideas expressed in his most recent books Grumby and Eat People (click the links to revisit). His Moscow talk is an update to Eat People, in which he outlines […]
The “short long-term government bonds” trade must be in contention as one that’s extracted the most money from otherwise smart traders and investors over the past five years. Interest rates just CAN’T go any lower from here – right? We heard this in 2008, and we’re hearing it again today – with bond yields at […]
By Chuck Butler, EverBank Good day. I’m at a complete loss this morning on what to start with! I’ve sat here staring at the blank Pfennig template for about 10 minutes now. My mind wandering to this, that and the other stuff, but never really settling on something. UGH! So I thought I would just start typing […]
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