Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
It’s not quite Halloween yet, but some important European charts are starting to look pretty horrifying! (Hat tip Dr. Evil for making significant contributions to this story.) Let’s start with Italy, our favorite impending disaster, sporting a 120% debt-to-GDP, with enough total weight to take down the entire system. Italy’s economy has never really been […]
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 […]
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